The Renegade Real Estate Investing Newsletter
"Cutting Through the Real Estate Investing B.S."
This FREE Real Estate Investing Tips newsletter is your window
into the world of real estate investing. You will never get closer
to the real action than learning straight from two Canadian brothers,
Tom & Nick Karadza, who are actually implementing the strategies they
In this weekly publication you will get access to our real world guides,
trends, tips, strategies and "how to" information that is being implemented
"on the streets" with real people, right here in Canada.
To access the full list of articles visit: www.TheRealEstateRenegades.com or check out their new blog: Blog.TheRealEstateRenegades.com
It is published every Thursday, if you have been forwarded
this email and would like your own copy
click here to
Thursday October 2nd, 2008
In this Issue:
- Renegade Commentary: Camel Kissing, A Special Guest Visitor & Opportunity Knocks!
- Featured Article: "I Don't Have Time To Invest Right Now - Your Priorities May Be Screwed Up"
- UPDATE: We're moving to a new email service shortly so you may have to "re-confirm" your subscription with us over the next few weeks. Watch for this in your email.
Camel Kissing, A Special Guest Visitor & Opportunity Knocks!
Isn't it interesting to watch Warren Buffet right now?
During one of the biggest upheavals in U.S. financial history there he is buying up stuff.
Fresh of a $5 Billion dollar Goldman Sachs investment that guarantees him 10% return annually he's off again. This time he's investing $3 Billion into GE for a 10% annual premium.
While the masses sit frozen he's off buying good investments. Even on a smaller scale there's a good investment property in almost every U.S. town. Some will negotiate the deal of their lives right now, others will sit frozen watching CNN.
A few years ago all of us in Ontario were salivating at the high housing appreciation numbers out in Alberta and B.C.
Now our slower and steady growth in the GTA and Golden Horseshoe seems like it's serving us very well. No bubble, no bust.
Boring, but good for money making! Will there still be peaks and valleys and some communities hotter than others, of course there will, that's normal.
In our "Income for Life Members Only" newsletter next month we're going to include a report that shows how all the wealthiest investors of all time acted at times of opportunity. People like Rockefeller, Carnegie, Ballmer (think Microsoft), Getty, Trump.
If you're not an Income for Life member you can meet us at an upcoming free class on October 23rd. Click here to save yourself a seat.
Nick made it back from Egypt and it seems he had a little affair with a camel. You can check out his "camel kiss" over on our blog and we're about to post some pictures of a special guest visitor we had in our office this week, so check back shortly!
In this week's Feature Article we discuss your values and how they dictate your priorities.
You'll see why your "career" may be sabotaging your financial future.
Until next time...be a Renegade!
Tom & Nick Karadza
"The Real Estate Renegades"
p.s. Not yet an Income for Life Member?
Click here to apply...
New FREE Teleseminar CD
We recently interviewed some truly amazing real estate investors who reluctantly revealed the strategies they are using to create positive cash flow properties right in your own backyard.
This interview isn't "hype" but real results based on the implementation of a systematic investing approach.
We have made this available on an audio CD to anyone who requests it in an attempt to cut through all the B.S. we see and expose fundamentally correct strategies to real estate investing.
The audio CD comes with a 16-page report that tells you the truth about the system each of these investors used.
And why most people make things a lot harder than they need to be.
You request a free copy of the CD and report, while supplies last, by clicking here.
"Rethinking Your Priorities & Why Frustration May Be Your Best Friend"
Today we're going to tackle one of the most common things we hear from people who "want to invest", they know the importance of it but just "don't have the time right now".
We all live busy lives. Family, kids, friends, school, careers, both parents working, single parent working, older parents living with you. The list is endless.
However, I often wonder how much thought these people are putting into their answer.
If you've been hanging around us for a while you've heard us say that the middle class thinks "month to month" and the wealthy think "year to year".
My fear is that these people are so caught up in the noise of their daily lives that they'll wake up a few short years from know wondering how they ended up 10 years older with no real income producing assets to their name. Still trading time for money.
And my strong belief is that it boils down to priorities and values.
For example, a working Mom may have this list of values in this order:
4. Personal Time
5. Asset Accumulation
And a working Dad may have a list that looks like this:
4. Personal Time
5. Asset Accumulation
When you look at this lists it becomes blatantly obvious why someone wouldn't "have the time" to invest right now.
They're so busy with their jobs and their family that it's tough to fit anything else in.
I can totally respect that. We've been taught that our "careers" are how we define ourselves and that job security actually exists. So it naturally ends up high on the value list.
Have you read this quote from Stephen Covey, it sums things up nicely:
"Most people spend their whole lives climbing the ladder of success only to realize, when they get to the top, the ladder has been leaning against the wrong wall"
Make sure your value list isn't leading you up the wrong wall.
You MUST take control of your own life. You must have personal responsibility.
You cannot depend on a company's RRSP plan. Just look at the equity markets these days. If you put all your eggs in someone else's basket they ultimately have control.
You need to be the one that has control.
Does that take more time and effort?
Here's what happens next. One day someone upsets them at their job and they finally lose it. They say to themselves that they must take control of their financial future.
They pull out a piece of paper and write out some goals.
I will buy 5 properties this year and make $25,000/month off my investments within 2 years.
I know all about this type of thinking. Been there. Done that.
But you know what?
When you put these goals out there on a piece of paper and carry them around in your pocket....they just kinda sit there.
You can only "think" about them for so long. "The Secret" only works if you actually put in some sweat equity.
The world rewards value creation. You need to go out and get started.
I've written down goals and got a high from just looking at how glorious they seemed in paper.
But nothing ever happened until I started working on them.
Here's how to get things done.
The next time someone or some thing upsets you at work, and I mean really makes you furious, use that energy to your advantage!
Maybe it's a Sales VP who tries to squeeze out yet another insane monthly sales quota increase or another unproductive meeting or some of your work being ignored.
Whatever it is that causes you to get frustrated may be the missing ingredient you need to get going!
There's opportunity in every adversity, right?
It's that frustration that is your only chance at having "asset accumulation" move high enough on your value list to force any action.
Use that emotional energy to reset your goals and to break out of your comfort zone.
Let me ask you something....
What if you just bought 2 properties this year?
Each of them earning a positive cash flow of $250/month.
Wouldn't that pay for your car?
And instead of your money sitting in a Mutual Fund that will earn 5% a year (before tax and inflation chop into that), you'll have your money controlling $500,000 worth of property.
The mortgages on that property will be paid off by someone else. So your $50,000 investment (money used for down payment) is now leveraged in two good homes in good areas.
The cash flow pays for your next car, the tax advantages allow you take more money home from your current income than you were before and you are gaining equity in the properties every month.
And the most important part...
10 years from now you will have even greater cash flow because the mortgages will be paid down.
You can use the higher cash flow for university payments for the kids, support for the aging parents, or support for yourself (think trips to Tuscany, Greece, Hawaii!).
Do you see why you must make income producing asset accumulation a priority on your value list?
You must make the time. "Not having enough time" to take control of your own future is a lazy excuse. Get out in the real world and mix it up a little.
Let us leave you with two quotes...
"Do one thing every day that scares you."
US diplomat & reformer (1884 - 1962)
“It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.”
-Theodore Roosevelt April 10, 1899
For more real estate investing articles, case studies and guides visit www.TheRealEstateRenegades.com
About The Real Estate Renegades
Tom Karadza & Nick Karadza are authors of the book "Income For Life for Canadians",
available on Amazon.com by clicking here,
and work with a select group of real estate investors throughout the Greater Toronto Area.
They actually do what they talk about it.
They have been called 'Real Estate Renegades' because they are implementing
real estate investing strategies that were once thought to be impossible by
many 'industry professionals'. They focus on creating positive cash flow real estate.
In order to focus exclusively on real estate investing they have co-founded their own brokerage,
Rock Star Real Estate Inc.. The inspiration for the name came from the idea that we invest
in real estate to live life on our own terms. To create your very own "Rockstar Life", whether
that's time with the kids at the cottage or weekend getaways to L.A. and Tuscany!
Tom & Nick are also part of several mastermind groups in Canada and in the USA and publish a monthly 12-page real estate investing newsletter and audio series exclusively for their clients.
They also offer real estate investing classes, reports, one-on-one coaching
and mentoring, and other resources to help both beginner and experienced
real estate investors achieve ultimate success. Learn more now at:
You can meet them in person at their next FREE Real Estate Investing Class, "How to Invest in Nice Homes in Nice Areas" by signing up here: www.CanadianRealEstateTraining.com
Enjoying this newsletter?
Feel free to email this to friends and family who are interested
in real estate investing. They can sign receive their very own
FREE subscrition by clicking here.
Copyright 2008 Karadza Publishing Inc. All Rights Reserved.