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: www.TheRealEstateRenegades.com
It is published every Thursday, if you have been forwarded
this email and would like your own copy click here to
Friday February 29th, 2008
In this Issue:
- Renegade Commentary: "Watch Your Back...They're Out To Get You"
- Featured Article: When Buying Investment Real Estate The Proper Mindset Is Key
The next FREE Real Estate Training Workshop
Our next real estate training class is on Saturday March 22nd, 2008
at 10am in our Oakville offices. 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:
"Watch Your Back...They're Out To Get You"
What a week! Nick and I are in the middle of arranging a few minor office changes and implementing some new strategies for our clients.
It's keeping us super busy and right in the middle of it this week I had a few people comment about how the media really doesn't teach us anything and seems to repeat the same old garbage week-in, week-out.
And I couldn't agree more!
I'll go one step further and include the government in that mix. They don't go out of their way to make you a smarter, results oriented, responsible person either.
Let's look at the media first.
The Golden Horseshoe in Ontario (Oshawa to Niagra Falls) is home to over 8.1 Million people according to the last Census Canada data. That makes up more than 25% of Canada's population. It's a big urban center and one of the fastest growing in North America.
Now, let's take a look at the newspapers in this area. The highest circulation in the Toronto Star and over in Hamilton we have the Hamilton Spectator and in between we have a bunch of local community papers like the Misssissauga News, the Oakville Beaver and the Burlington Post (and on and on...).
Well guess what. They are all controlled by one company, Metroland. When you have one company controlling that much of the print media how many different view points do you think we get?
Not many. And I bet they streamline as much as possible to run as profitable as possible.
So there is a mighty few people controlling what streams across the newspaper headlines every day. If they repeat that the sky is falling long enough, guess what, you begin to believe it.
Be very careful of what you read and understand the source.
Next we have the Federal Government.
This week their BIG announcement with the budget was a savings account that isn't taxed.
And I'm sure the masses will be going nuts over this with excitement. But guess what?
You must invest in securities like stocks and mutual funds (or cash) and you can't invest in
things like real estate.
Huh? Doesn't make much sense does it. They are trying to encourage Canadians to save but control what you can do with your money. Strange.
A good mutual fund may earn you 8%. And after taxes, fees and inflation you may be left with a big zero.
But maybe they have a point.
Most people simply don't take personal responsibility to critically think about what the media is talking about each day.
And most people don't take personal responsibility to learn how to invest in active investments like real estate. It's active investing that makes you real money. Just ask one of the richest men in the world, Warren Buffet. He didn't just buy stocks, he bought controlling interests in companies so he could control their cash flow and buy more companies with it. Smart eh.
The masses want to be spoon fed things. And that's what the media and the government are doing.
So watch your back, okay?
(Note: I love Canada and believe it's a great place to be, especially over the next 20 years. Sometimes the government deserves a little knocking though :)
Until next time...be a Renegade!
Tom & Nick Karadza
"The Real Estate Renegades"
Real Estate Investing Step-by-Step:
To learn more about our investing approach and the system we use
with our members you can request a copy of our FREE Report to be
mailed to you. In it you will learn:
- How you can turn 3 Single-Family homes into 24 homes without investing any additional money by having homes buy homes. EASY WEALTH!
- How you can create Income for Life in just ONE hour of spare time
a day! This means NO FIXING UP DISTRESSED HOMES!
To request your own complimentary copy of our investing in "Nice Homes
in Nice Areas" report go to www.LeaveWorkOneDay.com and fill out the form
at the bottom of the page.
When Buying Investment Real Estate The Proper Mindset Is Key
I've written about the mindest required when buying investment real estate in the past and it always creates a bunch of questions.
Here's one of the first blog posts that started the discussion in our office....you can read it here.
I'll summarize it like this:
You want to do something new...like invest in real estate.
You feel overwhelmed by all the things you don't know but think you should.
This causes a fear of failure
You ultimately don't want to be called a failure and be judged one by your peers so you PROCRASTINATE.
I mentioned in my previous post on this that the book by Neil Fiore, Ph.D, titled "The Now Habit" is by far the best resource for explaining the reasons why people procrastinate that I've ever come across. Highly recommended.
So a bunch of people started asking about why we get that initial feeling of overwhelm that seems to cause all the problems.
Again I'll have to refer back to Neil's book that provides some great insights.
And after working with MANY investors I can share from first hand experiences that his thoughts on this seem amazingly accurate.
The feeling of overwhelm that a beginner gets when thinking of buying investment real estate initially comes from insisting on the right place to start.
When buying investment real estate, especially when buying it for the first time, people often spend tremendous amounts of time scrambling for the perfect place to start.
Is it a single family home, a condo, a property under $300,000, over $300,000, downtown, in the burbs, a condo conversion project, a flip, new contruction? And the list goes on and on.
What most people buying investment real estate don't understand is that your path to wealth is not a linear.
All of these may be the right choices given the right mentor and education.
What you really need to do is begin.
By beginning with ANY of the possible investments you build a base of experience that you can learn from and make even better decisions in the future.
But without that base of experience to lean on you have nothing.
So initially it's more important to find a mentor, get some eduction (six months of reading is more than enough) and then taking action.
You are building your base of experience by taking the first step and that's almost more important than the investment itself.
OK, here's the next part...
When beginners start buying investment real estate they typically don't allow themselves the time to develop their confidence.
For the full article click here to continue reading...
Successful Investors "Spill the Beans"
My son came up with the idea of having some of our real estate investing
clients "spill the beans" on a teleseminar call. He thought it would
be a great idea if you could hear from others how they are creating
wealth for themselves. Well, we couldn't agree with him more ;)
We did it and even helped him set up a website to share it with you.
If you want to eavesdrop on how people are making money in real estate right
in your own backyard visit www.MyDaddysTeleseminar.com and
you'll get instant access to a recording of the call right now!
About The Real Estate Renegades
Tom Karadza & Nick Karadza run the Income for Life real estate investing
system for their members throughout the Greater Toronto Area.
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 authors of the book "Income for Life for Canadians", to be released
in shortly....final edits are at the printer's!!
They also offer FREE real estate investing classes, FREE 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: www.CanadianRealEstateTraining.com
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