Brady McDonald
๐ค SpeakerAppearances Over Time
Podcast Appearances
You'll be able, you'll be, you'll be good. Your head, your headspace becomes clear.
You'll be able, you'll be, you'll be good. Your head, your headspace becomes clear.
You'll be able, you'll be, you'll be good. Your head, your headspace becomes clear.
dude. And I'm like, all right, well, I'll go to work. And we ended up putting 3.8 million in the bank and, you know, and, and everything was all good.
dude. And I'm like, all right, well, I'll go to work. And we ended up putting 3.8 million in the bank and, you know, and, and everything was all good.
dude. And I'm like, all right, well, I'll go to work. And we ended up putting 3.8 million in the bank and, you know, and, and everything was all good.
Yeah. I can breathe. Yeah. Now we can like, okay, we can slow down. We can sell the properties in a controlled manner and whatnot. But yeah, it was, you know, when you look back and you're like, fuck, I wouldn't wish that on my enemy. But yeah, I am glad it happened. You learn lessons. Like the one of the biggest lessons there is that you can't eat your equity. And that was one of the big thing.
Yeah. I can breathe. Yeah. Now we can like, okay, we can slow down. We can sell the properties in a controlled manner and whatnot. But yeah, it was, you know, when you look back and you're like, fuck, I wouldn't wish that on my enemy. But yeah, I am glad it happened. You learn lessons. Like the one of the biggest lessons there is that you can't eat your equity. And that was one of the big thing.
Yeah. I can breathe. Yeah. Now we can like, okay, we can slow down. We can sell the properties in a controlled manner and whatnot. But yeah, it was, you know, when you look back and you're like, fuck, I wouldn't wish that on my enemy. But yeah, I am glad it happened. You learn lessons. Like the one of the biggest lessons there is that you can't eat your equity. And that was one of the big thing.
We were only in real estate. So we didn't have any cash flowing, like real business. You know, the property's cashflow, like two or 300 bucks a month. And you got jackasses up in Ontario. Like the landlord laws are up there, like probably like New York or California would think. But, you know, you'd lose that cashflow. you know, all the time, very quickly, you know?
We were only in real estate. So we didn't have any cash flowing, like real business. You know, the property's cashflow, like two or 300 bucks a month. And you got jackasses up in Ontario. Like the landlord laws are up there, like probably like New York or California would think. But, you know, you'd lose that cashflow. you know, all the time, very quickly, you know?
We were only in real estate. So we didn't have any cash flowing, like real business. You know, the property's cashflow, like two or 300 bucks a month. And you got jackasses up in Ontario. Like the landlord laws are up there, like probably like New York or California would think. But, you know, you'd lose that cashflow. you know, all the time, very quickly, you know?
And so, but you can't eat the equity when shit hits the fan. And so I'll never do that again. You know, so we're doing it differently now, which is, which is good.
And so, but you can't eat the equity when shit hits the fan. And so I'll never do that again. You know, so we're doing it differently now, which is, which is good.
And so, but you can't eat the equity when shit hits the fan. And so I'll never do that again. You know, so we're doing it differently now, which is, which is good.
You can't find one big buyer like that. You could, you know, you hit down here, you'd sell your portfolio. You can't do that up there.
You can't find one big buyer like that. You could, you know, you hit down here, you'd sell your portfolio. You can't do that up there.
You can't find one big buyer like that. You could, you know, you hit down here, you'd sell your portfolio. You can't do that up there.
Yeah. If the bank was giving out loans, right? Like that was the other big problem. It's just everything tightened up the rules. So you couldn't, that was our option was to sell, but you know, the blessing in disguise was that we've had the portfolio for a while and we were buying right and renovating right. And we, so we had lots of equity.
Yeah. If the bank was giving out loans, right? Like that was the other big problem. It's just everything tightened up the rules. So you couldn't, that was our option was to sell, but you know, the blessing in disguise was that we've had the portfolio for a while and we were buying right and renovating right. And we, so we had lots of equity.