All posts tagged: home ownership

How I bought a house for $50K during COVID

I’ve started to slowly change my mindset about money. One of the books that made me question money and what it possible in my journey to wealth and abundance is Rich Dad, Poor Dad. One of the most important chapters for me was Lesson 5: The Rich Invent Money. The chapter begins with a quote: Often in the real world, it’s not the smart who get ahead, but the bold. This really stuck out for me because, within the chapter, Robert tells a story about buying a condo for $50,000 cash. He was going to rent it out and within 3 years make his money back and then sell it for a profit. People were telling him that you can’t do that anymore with today’s real estate market. He questioned them saying, you can, you just haven’t figured it out yet. This got me thinking. Can you buy a house for $50K in Ontario? If a house existed in Ontario that was $50K would I have the guts to actually buy it? Robert goes on …