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 talk about!

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: or check out their new blog:

It is published every Thursday, if you have been forwarded this email and would like your own copy click here to sign up.

Thursday May 29th, 2008

In this Issue:

- Renegade Commentary: Happy Birthday....But Should I Really Celebrate?

- Featured Article: "Attention All Canadian Real Estate Websites, Blogs, Posts & Everyone Else - We Have News For You....Your House is NOT an Asset!"

The next FREE Real Estate Training Workshop

Our next real estate training class is on Thursday June 12th, 2008 at 7:00pm in Toronto. In this class you will learn how to profit from Real Estate without having to rehab and renovate distressed homes and create steady monthly income for yourself.

You'll also learn about actual real life success stories of investors doing this right here in your own backyard. To get all the location details and hold your spot (because we regularly fill the class!) visit:

Happy Birthday....But Should I Really Celebrate?

This past weekend I (Nick) celebrated my 30th birthday. My wife and I arranged a BBQ at my home for our friends and it was a great time.

I love an excuse to get together with family and friends and enjoy each others company. After all, life really is about relationships isn't it?

Having this birthday and gathering put me into a bit of a reflective mood. It made me realize something.

We celebrate birthdays like they are an accomplishment, but are they?

Most people view the fact that they have lived another year as something to recognize, no matter the circumstances. But what if we barely scraped through the year?

Or we sat on the couch and did nothing with the gifts that we have all been given?

Or maybe we got up every morning tired and grumpy, dragged ourselves to work complaining, did barely enough not to lose our job, moaned about traffic on the way home, ate a high calorie dinner, and plopped down in front of the TV for the night.......for a whole year!!

I know I can think of a few people like that.

Is that really something to celebrate?

Not as far as I can tell.

We shouldn't be celebrating the fact that 'we made it' we should celebrate 'what we made' of the last year.

What accomplishments have I completed? What goals have I achieved? What have I contributed to my legacy? How have I grown as a person?

It should be the over achieving answers to all those questions that should be celebrated.

I have seen investors just be happy that they purchased an investment property.

But they haven't done anything with it! They will take time just to bask in the glory of becoming an 'investor'.

I've got news for you, that vacant, run down house you own, it's not much of an investment unless you do something with it. You have to overcome the hurdles and make something of it. Money usually being the prime objective.

The work or effort that it takes to make it a success can vary, but that is what should be celebrated. Once you have taken a journey down the road in which that investment will lead you, and you have overcome some of the potholes and turns, you will be a better person because of it.

And then it's time to celebrate, and make it the best party ever.

Let me clarify one thing. I do feel that being around for another year is a gift for us all and I am grateful for it. I also think that anyone that makes an investment should pat themselves on the back as it can hard breaking through the fear barrier.

But let's save the real celebrations for our accomplishments. On my birthday I was continually congratulated for making it to 30.

That is great but to me the real celebration is around the real estate I acquired, or the book I have co authored (which you can find on Amazon by the way :-), or the hundreds of private coaching clients I have helped make hundreds of thousands of dollars.

Now that is a year to remember. These are achievements worth celebrating.

Before I forget about the investor I spoke of earlier.......He did the work he needed to and turned his property into a great investment, and the celebration followed shortly after. But the plan for next time is to get to the party sooner. So make this your year to really party!!

If it is real estate investments you are striving for get out there and do it. When you look back you will have grown personally and financially because of them.

And the parties will just keep getting bigger and better!

Until next a Renegade!

Tom & Nick Karadza
"The Real Estate Renegades"

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Featured Article:

"Attention All Canadian Real Estate Websites, Blogs, Posts & Everyone Else - We Have News For You....Your House is NOT an Asset!"

There's tons of Canadian Real Estate Websites and Articles explaining why buying your own home is a person's best investment.

They claim it's an asset.

Then you turn to the baby boom generation who support this claim with comments like, "Buying my own home was the best investment I ever made."

Then they make it even worse by saying, "Work hard to pay off your mortgage as fast as possible."

Sheesh, it's enough to drive you mad. It takes a pretty tough person to go against everything the media spreads on Canadian real estate websites as accepted truths.

I think lately there's more and more us that have enough financial education to understand that buying your own home is a great idea but it's not the holy grail it was once made out to be.

And it's definitely not an asset from my point of view.

And whenever I get into this argument with people they'll define asset in a million different ways.

I think a little conversation around this is important. Let me explain with a summary of conversations we get into over here pretty regularly...

I know several people who have a financial freedom plan of "paying off their mortgage".

So they work hard every day to do just that. Making extra payments towards their mortgage even.

Now, if your goal is to pay off your mortgage then I don't think you're doing anything wrong here. You're on the right track.


If your goal is to achieve some sort of financial freedom with this plan then you may be running down the wrong path.


Well I've never, ever, ever met anyone who has become financially "free" by paying off their mortgage as a stand alone strategy. And that's something that is not discussed on Canadian real estate websites.

Because once your mortgage is paid off then what? If you want to live off the money in your house can you?

No, you have to invest it somewhere. And to do that intelligently you need some financial knowledge.

If the only think you've been doing is paying off your mortgage and maybe buying the odd mutual fund unit in your self-directed RRSP you probably can't take the equity in your house and turn it into cash flow.

Why? Because you don't have the financial "know how" and experience to do it.

You've wasted 10,15,20,25 even 40 years paying off your mortgage and now you're left with an "asset" that produces no income for you. And it's the only financial strategy you know because we're really not taught much else in school, by family, friends or on any Canadian real estate websites.

And this thing you are calling an "asset" actually costs you money.

You have to pay insurance on the house, you have utilities to pay and you have general maintenance (roof, furnace etc.). And try not paying your property taxes. Your local government will be happy to take your "asset" off your hands if you don't cough up their money.

To us, an asset is something that pays for itself. Your house doesn't pay for itself.

Now maybe you're reading this but have an urge to scream:


Well now we're talking! But there's a catch here too.

For the full article click here to continue reading...

Exposed: Successful Canadian Investors "Spill the Beans"

If you want to eavesdrop on how people are making money in real estate right in your own backyard visit and you'll get instant access to a recording of the call right now!

Three real Canadian investors discuss how they extracted maximum cash flow, managed to get thousands of dollars returned to them days after closing and how they created an "auction like" environment at thier properties!

About The Real Estate Renegades

Tom Karadza & Nick Karadza are authors of the book "Income For Life for Canadians", available on by clicking here (not just yet!), 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 are 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, 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:

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