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First Rental Property Investment | Real Estate Investing For Beginners: - At Ai-Tube.com

First Rental Property Investment Real Estate Investing for Beginners: 1 month ago   11:28

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Matt McKeever
Want to upgrade your network and your networth?
Come out to the Ontario Real Estate Conference in London Ontario! (and get $25 off by using my coupon code!)
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Dan Warren discusses his experiences buying his first rental property and becoming a first time landlord


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Matt McKeever
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Check out my podcast with Kellan: http://onfirepodcast.ca/

Checkout the squad's (Real Estate Rat Pack?) YouTube Channel:
Jeff Wybo: https://ai-tube.com/userchannel/HP4iXfNV2zlVpmmr7ca7oERD
Graham Stephan: https://ai-tube.com/userchannel/HPI6XQtWfxJnRpxar5nCN0nD
Mat Piche: https://ai-tube.com/userchannel/HPfHZ_MpcPi7JNY-uzuexCdj
Hungarian Experiment: https://ai-tube.com/userchannel/HPLY8uWquHxsCSbctntxo_QD
Humble Wholesaler: https://ai-tube.com/userchannel/HP9iIvN-_wLrmmH043LGeWrD

Make sure you sub to the Humble Wholesaler if you want to learn more about wholesaling real estate in Canada.

Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this YouTube Channel Matt will walk the viewer through how to invest in real estate using such strategies as the BRRRR method while also documenting his personal experience as a real estate investor. Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College. In 2016 he's acquired over 25 unit and in 2017 acquired over 25 units.

FIREpreneur: A person who has reached (lean) FIRE and uses this freedom as a springboard to operate a business or organization, taking on no significant risk (due to lean FIRE).

As well on this channel Matt will share his personal monthly spending and discuss the strategies and tactics needed to reach financial independence (retire early) at a young age. We’ll discuss such topics as safe withdrawal rates, how to build passive income streams and how to reduce your personal consumption.

Comments 69 Comments

funguy29
irish from toronto good
Self-Made Entrepreneurship Channel
Inspirational video. What's your advice to people who are getting into real estate now in Toronto specifically...a single detached house cost approx 1 million now.. I'd preferably want to invest in my own city within traveling parameters.
fredmagic09
The uncapped marker in the bottom right hand corner drove me INSANE!
Shawn Michael
worst video ever!
dThor Riven
$750
$700
That’s almost squatters rent...
That’s biggest mistake...
dThor Riven
Poor renters aren’t qualified to luxury rental properties
Cristian A
You’re a legend
Dezino Anbu
Can I pay mortgage for a home and be a landlord and making people pay rent ? If so how much rent should I charge? For example I’m paying $700 for mortgage monthly and I charge tenants $1000 a month for rent, can I do that?
Erik Thede
As a home inspector I see that problem with bath fans all the time. Just directing bath fans into the attic doesn’t magically get rid of all that humid air. Bath fans always should exit through a roof vent or ideally through a dedicated vent to get rid of that moist air and keep maximum ventilation in the attic
Wilson Aguirre Gomez
I'm truly enjoying the content on your channel! Kudos!!
Yak Motley
Great video!
Liam is moist
Bought his first property with cash???
TenMillionToMe
Absolute great video. First property story and advice👍🏽
razz P
are all your rental apartments legal? Is it legal to rent out separate rooms in a room and share the kitchen and all? Can you do a vide on it.
Louie The plumber
You make a great uncle fester , good video
Matthew Wolf
could have been super bad if you waited longer then you did to sell. 08-09 markets tanked. If you didnt sell when you did, you very well may still own this place.
Cj Cj
Kinda funny people interested in subscribing when he is right in front of you to talk too 😀
Hardeep Singh
I just bought a property and I will definitely be watching more content on this channel.
finanzas en acción
i just want to comment a story relate it to one of my friend. He lease a house to a couple with a baby and the tenants pay on time every single month in fact they stay in my friend property for 4 years then for some reason they were having financial difficulties and ask my friend to lower the price of the rent 200 usd a month, rent was 3200 a month so they would pay 3000 a month, well my friend did not agree and they left.. he could not rent the property for like 7 month and almost declare bankruptcy.. If you have a good tenant pls be flexible good people are hard to find this days.
chris whynder
was the 500$ cash flow before or after expenses?
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Real Estate Investing for Beginners: First Rental Property Investment 1 month ago   14:27

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Let’s debunk some common myths about real estate investing, and share what it’s ACTUALLY like, no sugar coating - enjoy! Add me on Snapchat / Instagram: GPStephan

Jeremy’s Channel:
https://ai-tube.com/userchannel/HPaZa36TG_U0K-j5_pxYgytD

Financial Growth Conference:
https://financial-education2.teachable.com/p/building-wealth-conference-2019-presented-by-financial-education

Join the private Real Estate Facebook Group:
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The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c

First expectation: Real estate investing is passive.
The reality is that creating the type of rental property to the point where it’s passive income takes a LOT of work. But the work is, at times, still ongoing. Eventually you’ll have a vacancy. Eventually you’ll need to fix things up again. Nothing will last forever. Sure, you can get a property manager who’ll handle much of this for you - but you will need to do SOME work yourself, even if it’s as small as choosing between finishes or approving bids on work. It won’t be an insane amount of work, but it will be something. So yes, real estate CAN be fairly passive…but it’s not passive if you don’t put in the work UPFRONT.

Second Expectation: In order to invest in real estate, you need to do the repairs yourself or be a good handyman.
The reality is that I can’t do anything besides change a lightbulb. While I do know some landlords who do the work themselves to save the money, this is absolutely not a requirement - and depending on how much your time is worth, it’s often cheaper just to pay someone else to do it the right way. It’s also worth noting that since all these repairs are a write off, you can write off the costs against your income…but, if you do the work YOURSELF, you cannot deduct the cost of YOUR OWN LABOR.

Third Expectation: It takes a lot of money to start.
The reality is that it often takes 10%-25% down to begin investing in real estate. This COULD be a lot depending on your definition of “ a lot,” and also on your area. Buying a property in Los Angeles would be significantly more expensive than in Kentucky, for instance. Where one person might be able to buy a property for $20,000 down, someone else might need $200,000.

Fourth Expectation is that it’s often like the TV shows.
The Reality is that it’s NOTHING like what they portray on TV. Oftentimes those TV shows will be loosely scripted around creating drama and creating a show that’s actually interesting enough to watch all the way through. Every episode needs a goal, a problem that arises, a solution to that problem, and then a resolution at the end. The real life problems that come up just aren’t that exciting or interesting. It’s often boring and mundane.

The fifth expectation is that you’ll make a lot of money investing in real estate.
The reality is that oftentimes one property won’t make you rich. Most mom and pop landlords won’t make a lot early on, but as they scale up, they can earn a significant amount of money from a lot of smaller sources. This is how many landlords start making money, enough to quit their jobs and invest in real estate full time. It’s growing your portfolio over one or two DECADES and accumulating those properties that might make you only $900 a month….but buy one of those every 18 months, and in 15 years you’re making $9000 per MONTH. That’s how most landlords make their money, and make a LOT of it. But the beginning will be slow and frustrating until you begin adding more and more to your portfolio.

For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness@gmail.com

Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq

Favorite Credit Cards:
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American Express Platinum - https://goo.gl/C9n4e3