All posts tagged: real estate

How I became a landlord during COVID

How I went from homeowner to landlord in less than 2 months.

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 …

Traveling to the Extreme

I’ve found my Schitt’s Creek aka Manitouwadge! Last month, I traveled to the extreme North, or 12 hours from where I live, to the other side of Lake Superior. I wanted to know if it was true. Could I buy a house in this town for less than $50K? When I arrived, I learned way more than what you could find on Google. Manitouwadi is an Ojibway word meaning “Cave of Great Spirit”. Legend has it that Manitou, the mighty spiritual father, made camp in the area one night. The following morning he was so filled with a sense of well-being that he created the lakes, hills, iron, lead, and zinc deposits and forests. When finished, he was extremely pleased with his work and so, to commemorate his stay, he names the place Manitouwadge, literally meaning “Lodge of the Great Spirit.” A second legend dating back tot he 1800s suggest that it was a young brave who discovered the hidden lakes. Upon entering the eastern end of the lake, he shouted and was startled to …