Patrick Francie

And then all of a sudden you can afford an $850,000 house. And because you've got that rental offset and the bank looks at that as a positive. So it's a way to own that home, hang onto it for five, seven, 10 years, work your way through it. Then you might just say, okay, I'm done. I'm gonna keep that as a rental property, put it into my portfolio, hold it as an asset. Now I'm gonna go buy my home.

And then all of a sudden you can afford an $850,000 house. And because you've got that rental offset and the bank looks at that as a positive. So it's a way to own that home, hang onto it for five, seven, 10 years, work your way through it. Then you might just say, okay, I'm done. I'm gonna keep that as a rental property, put it into my portfolio, hold it as an asset. Now I'm gonna go buy my home.

And that's how that is. And by the way, in Canada, Because that's your principal residence. If you were to sell it, you don't have a capital gain.

And that's how that is. And by the way, in Canada, Because that's your principal residence. If you were to sell it, you don't have a capital gain.

Similar, different programs.

Similar, different programs.

Well, let me, I'll share this with you and then I'll ask you this question. So when I first got into business many years ago, 40 some years ago, I had my first business and it was doing relatively well. I was working hard and doing all the things that we do in business in a You know, I'd surrounded myself with some really great people. They were business owners and many of them very successful.

Well, let me, I'll share this with you and then I'll ask you this question. So when I first got into business many years ago, 40 some years ago, I had my first business and it was doing relatively well. I was working hard and doing all the things that we do in business in a You know, I'd surrounded myself with some really great people. They were business owners and many of them very successful.

And my observation of those individuals was that regardless of how well their business did, they all owned real estate. And so I looked at that and one day I had a conversation with my friend and a friend of mine and he says, well, you know, he says, ultimately, what are you doing with the capital that you're making in your business? What are you doing with the profits?

And my observation of those individuals was that regardless of how well their business did, they all owned real estate. And so I looked at that and one day I had a conversation with my friend and a friend of mine and he says, well, you know, he says, ultimately, what are you doing with the capital that you're making in your business? What are you doing with the profits?

How are you reinvesting in the business? Got it. You're paying yourself well, got it. But how are you preparing for the future? Because ultimately you don't have a retirement plan and you hope to one day probably exit your business and sell it. That may or may not work out. But on,

How are you reinvesting in the business? Got it. You're paying yourself well, got it. But how are you preparing for the future? Because ultimately you don't have a retirement plan and you hope to one day probably exit your business and sell it. That may or may not work out. But on,

the other hand you know the way to safeguard that is to have other investments and real estate is the way to do that so for me i got into investing in real estate because of that kind of fundamental thought process so when you look at you yourself how much real estate do you own oh um let's see i've got two two small apartment 120 i got probably

the other hand you know the way to safeguard that is to have other investments and real estate is the way to do that so for me i got into investing in real estate because of that kind of fundamental thought process so when you look at you yourself how much real estate do you own oh um let's see i've got two two small apartment 120 i got probably

I rest my case because it makes sense to do that, to park your capital. You know, there's a fundamental and you know this as well as anybody is, you know, we think that our capital property prices and our assets are increasing in value. I mean, arguably, it's really the devaluation of fiat currency. And I mean, that's not a new concept.

I rest my case because it makes sense to do that, to park your capital. You know, there's a fundamental and you know this as well as anybody is, you know, we think that our capital property prices and our assets are increasing in value. I mean, arguably, it's really the devaluation of fiat currency. And I mean, that's not a new concept.

It's just really in our face the past several years that we realized that our dollars are being devalued. So whatever the reason that is, we can debate that all day and blame banks and central banks and politicians and do all the things that we want to do. But ultimately it's up to us to go, okay, this is the environment we're in.

It's just really in our face the past several years that we realized that our dollars are being devalued. So whatever the reason that is, we can debate that all day and blame banks and central banks and politicians and do all the things that we want to do. But ultimately it's up to us to go, okay, this is the environment we're in.

These are the crap decisions that are being made that we don't have control over. So how do we play the game and win the game? And the way we do that is buying and owning stores of value, what we call assets and real estate happens to be one of those assets. You a fan of Michael Saylor? Oh, a huge fan of Michael Saylor. I've made a lot of money off of Michael Saylor, so that's just me.

These are the crap decisions that are being made that we don't have control over. So how do we play the game and win the game? And the way we do that is buying and owning stores of value, what we call assets and real estate happens to be one of those assets. You a fan of Michael Saylor? Oh, a huge fan of Michael Saylor. I've made a lot of money off of Michael Saylor, so that's just me.