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Brady McDonald

๐Ÿ‘ค Speaker
498 total appearances

Appearances Over Time

Podcast Appearances

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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.

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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.

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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.

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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.

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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-

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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-

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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-

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

And they went from like 1% to 7.5% in six months.

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

And they went from like 1% to 7.5% in six months.

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

And they went from like 1% to 7.5% in six months.

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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.

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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.

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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.

Escaping the Drift with John Gafford
Brady McDonald's Journey: From Real Estate Challenges to Ultra-Marathon Resilience

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.