Brady McDonald
speaker
166 appearances
1 recordings
1 series
first heard Mar 2025
last heard Mar 2025
Brady McDonald’s voice in public audio — every appearance, attributed to the second.
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Appearances
It's about 15 years later. Okay, there you go. Yeah. Just niching down. Yeah, your filing systems are still paper where here they had the internet.
You know the difference? He references everything in the metric system.
Exactly, yeah. And they're referencing igloos for houses and not actual real houses.
Fair, fair, fair. There's a French translation. That's the book in Canada.
2015.
2015.
Yeah. And then so that worked. We proved the strategy and then immediately hired, like started a construction company, property management company. We ended up doing seven properties that year with all of our own money and then started doing joint venture partnerships, which and we burned everything.
We were converting all single family homes to duplexes and triplexes and then did a lot of accessory dwelling units in a few years later and then a lot of new construction.
doing yeah so um yeah we ended up doing a few hundred properties up there and um yeah it was it was good it's just really slow compared to here yeah so like you know from a perspective you can get most you can get is 10 mortgages there with a really high income it's just a rule it's just how it is it's just the way it is yeah you know you come down here and it's unlimited
What were you doing? So I was tapped out at 10. My wife had 10. And then what we had to do was go and go get joint venture partners. They would put up all the money and qualify for the mortgage. And you were doing work. We'd have to give 50% of the equity. Oh, doing work. So we did that. I mean, it still worked, thankfully, but just not to the scale it would have here. And we did very well. I mean-
um you know but you know when we came here and it was 2022 we came down here and we weren't really looking at things or the numbers up there he's generalizing down here with the united states yeah united states florida is where you florida so we came down the u.s and then yeah that's where interest rates in canada i wasn't really paying attention to everything and i you know we were variable mortgages on over 100 properties
And they went from like 1% to 7.5% in six months.
We were bleeding. Okay. So on top of that, Hurricane Ian smoked us, but we had big developments finishing. They were yanking mortgages out from under us, dropping the values. We were trying to pull out three. We're losing 300, 800 a month. Wow. For- like a lot of months, bro. It was terrifying. What year was this? This was in 20, 2023. Oh, so this just fucking, yeah. Oh my God.
This was like right before I went to Kent. Oh wow. Yeah. Like in, and thankfully I had Kent around me and he, cause he, you know, you just get stuck in it and you're like, you can't see the forest for the trees.
He's just like, well, thankfully, like I had these big problems, but I had a big portfolio.
He just said, don't be a little bitch. What he said, it was just simple. I'm like, why didn't I think of this? He's just like, dude, just sell the fucking red. He's like, if you just, the sooner you get over that red, the sooner you'll have bandwidth back. And then you can actually solve your problem. You know, and I'm trying to start masterminds. And we started mastermind cashflow, 300 grand.
We thought we were like figuring this out. All we were doing is creating more chaos, more distractions. And, you know, the problem is getting worse, not better. And so, you know, that all happened at the same time was when I quit drinking, too. And I think that was, you know, we can go into that, too.
But like for me, that was the moment where I actually said, OK, I need to take control of this shit because it's it's like, you know, this is going to end up really fucking bad if I keep drinking it away.
Yeah, dude, that was the best advice I could have ever got. He said to me, actually, so I went to his office, told him all this shit, showed him all the books. And he's like, okay, we've got to sell the red, sell the red as fast as you can. That's probably property number project. Number one. He's like, have you ever, ever had a million dollars in the bank? I'm like, fuck no.
I'm a real estate investor. It's either feast or famine. It's like, I want to put, I want you to put a million bucks back in your bank for the first time. And the next one was we had another business. He's like, I want you to get that to 200 grand a month, which, so we, you know, sold the properties and he's like, you have 90 days to get this done. He's like, you'll have bandwidth back.
Showing 41–60 of 166 · page 3 of 9
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