The Truth About Real Estate Investing... For Canadians

Hello Wealth Hackers and welcome to another episode of the truth about real estate investing. Happy birthday to my partner in business and life Cherry Chan!! She’s a Super Woman in how she raises our kids, keeps me and my businesses in order and has her own thriving practice. Quick funny story about Cherry: while she was still working in corporate, we were dating then and she would surf the MLS at work when bored (which was often) looking for investment property but she only owned her own home. After getting to know my business, we discussed investing in a student rental near Brock University in St. Catharines. My credit wasn't great at the time as I was a new agent so the house would be in Cherry's name. I called Cherry while she was at work after I found a house in my target location, next to the only major mall in St. Catharines that doubled as a major public transit hub. I gave some vague details about the property to Cherry over the phone and we wrote the offer. We paid the owner exactly her asking as sh