Your Questions Answered

Feel welcome to post any questions you have and I will answer them for you

Q

This is something we are hoping can replace my current career. I have limited home repair skills.
How necessary is it for me to be skilled in home repair to make this work? 

-John



A
Hi John,

 Being handy does help, but it is not necessary. What you need is a  willing to learn. When Scott and
I did our first reno we had never  worked in the trades before, no family background... I remember
 hanging  my first sheet of drywall backwards because I had no idea the sides were  different!

We wanted to learn, and we did. Trial and error, home reno  books/courses, reno TV shows and home
depot university on Sunday  mornings. Now we are licensed contractors teaching people across the
country how to renovate.

 If you want to learn it you can. It may be frustrating at first, but the  more you learn, the better
 you will become and the more motivated you will become.

 This system can definitely replace your full time career, (it did for us)  but it will take time. Don't
 expect to quit your job in 6 months, but  after a couple years you could find yourself in a position to
 be more  independent. And there is nothing like retiring with 6 or 7 (or 30)  properties that pay you
a generous monthly passive income stream, and  leave behind generational wealth to pass along to
children and  grandchildren. Even just 10 properties at $250,000 per property will label you a
multimillionaire with a very generous monthly income.

 Hope this helps!

Michael                                                                                                                                                                                                                          

Q

               
A

Hi Stephanie,

The  date for the next Toronto workshop are Friday Nov 5 to Sunday Nov 7.   Scott and I 
would love to be at every workshop but we can't do it all! So we have our staff do the training
at the workshop. We appear at and teach Special 'boot camps' a couple times a year in places
like Las Vegas and Orlando. As a student you would receive an exclusive invite to these events.

You can purchase the training package  without the workshop for $997 and add it later at any
time for the  $1000 (or you can bring a partner and split the cost; $500 each). You  can then
 attend the workshop in any city you would like, including when  we return to Toronto. 

Also a heads up, due to popular demand of our Successful Landlord real  estate program, we are
 shipping as of Nov 1st right now, so we are a few weeks between order and delivery.

With  respect to the tax lien program, as a Canadian resident you would be  investing in US tax
liens and tax deeds. Canada had a different system  which doesn't allow for profitable purchase
 of tax liens. A Canadian  investor would therefore do research online regarding an area in the
 US,  and purchase a US tax lien certificate. You would then collect interest  (5%-18%) on the
 lien until the back taxes are paid by either
1. the property owner
2. another investor or
3. You

Often  you have the opportunity to own the property by paying the back taxes  at the end of the
 term (6-18 months depending on the state). You can  then either rent it, sell it, or wholesale it as
an exit strategy. It  sounds complicated but it is doable once you learn the ropes.

Hope this helps! 

Michael
 
*To ensure your privacy we have changed the names
 

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