๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐ ๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐,
๐๐๐ ๐๐๐ ๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐ ๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐๐๐๐โฆ
BELIEVE IT OR NOT, WHEN I BOUGHT MY FIRST HOME, REAL ESTATE WASNโT EVEN ON MY MIND.
It all started when my mom took me to see a townhouse and said, "๐๐ฎ๐ฒ ๐ข๐ญ!"
I was taken aback.
How could I possibly buy a place? I was not ready.
I told my mom,
"I'm not ready, Mom. I have $50k in student loans."
"I'm not ready, Mom. I just graduated and don't have a full-time job yet," I added.
"I'm not ready, Mom. I don't even have the minimum down payment required," I exclaimed.
But my mom reassured me, "Don't worry about it... we will figure it out."
And we didโฆ. I bought my first place for $181k!
I got my full-time job.
I borrowed the down payment funds from my dad and sister.
I rented out rooms in the townhouse to my friends from church.
Three years later, I sold my townhouse.
With the profits,
ย I paid off my student loans.
ย I bought a more expensive, larger full detached bungalow with a walkout basement.
ย I renovated the house and lived on the top floor.
ย I added a basement apartment and rented it out.
My rental income coming in was more than my monthly mortgage payments.
Thatโs when I was HOOKED!
Why are more people not doing this????
I quit my full-time job and went into mortgage brokering full-time to learn the ins and outs of real estate investing.
This was over 20 years ago.
Today, I own 7 properties, all thanks to my mom's guidance and blessings.
My mom was there to guide me and ๐ ๐๐ฆ ๐ก๐๐ซ๐ ๐ญ๐จ ๐ ๐ฎ๐ข๐๐ ๐ฒ๐จ๐ฎ.
Real estate isnโt as hard as it seems.
Itโs just learning the know-how.
Check out my program called ย J.O.M.P, designed for aspiring landlords.
It's all about helping middle-class families own 'Just One More Property' for long-term wealth creation and retiring with passive income from multiple-income properties.
You can find more details at www.justonemoreproperty.ca
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