Eagle Quest Properties

Volume #1 Issue #2

2008

Happy New Year!  It’s time to celebrate our successes, great and small.  Let’s cherish some family time and flashback something we can learn from 2008.  We end this year with a grateful heart.   Our parents are healthy.  We got married.  We bought our 1st investment property, a duplex in Indianapolis.  We completed several real estate investment boot camps with Robert Allen & EWI; Dave Lindahl’s Chunker & Foreclosure Boot Camp, Than Merrill’s Marketing & Wholesaling Boot Camp as well as the Commercial Property Academy Boot Camp with Scott Scheel.   We are grateful for the more than 400 of you that are staying connected with us through our newsletter.

Our Move to Southern Ontario

After some diligent research and analysis on the real estate markets in Canada, we found that southern Ontario fits our criteria.  Our criteria is to find commercial properties with a 10% or higher cap rate with positive cash flow.  Being exuberant and confident about commercial real estate, we made a quick decision to say goodbye to rainy Vancouver, BC and move to snowy Brantford, ON.  With our daily necessities packed and loaded into our car, we started our cross-country odyssey.

We took the I-5 south to the I-90, and then took I-35 north to Canada, taking the 17, 69 and then the 400 series of highways the rest of the way to Brantford.  That was a safe route to take if you have to take a drive to Toronto from Vancouver in the winter time.

Along the way, we discovered many new places, including Coeur D’Alene, ID, Bozeman, MT, Black Hills, SD, Mount Rushmore, Mall of America, the world famous Hoito Restaurant, and Wawa, ON.

So far, we love the snow and the bright sunny days here and we have a found a good Pentecostal church.  Brantford is a small peaceful town with 90,000 people and it’s a 20 minutes drive to Hamilton and 1 hour drive to Toronto.  It’s an ideal location for us to find commercial property because it’s close to the 403 highway, and it’s in the middle of Southern Ontario, so we end up being 1/2 way to wherever we need to go.  So good!

As we see it, Southern Ontario has a major population base, excellent highway and rail infrastructure, as well as a multitude of national companies’ head offices.

Free Money Grants for Real Estate

We are learning how to get free money grants for our real estate business.  Yes, that is right.  Chris Johnson is brilliant at discovering how to get free money grants and loans for real estate, education, and business.  For instance, the federal government offers financial assistance to landlords of affordable rental housing to pay for mandatory repairs to self-contained units occupied by tenants with incomes below the CNIT (Core Need Income Threshold).  In the Toronto area, the maximum assistance per unit is $18,000.  For a comprehensive, step by step guide, please visit Chris Johnson’s web site.  Chris has both American and Canadian versions of his program.

Planning Ahead

Tomorrow is the most important day in our life.  It comes into us at midnight very clean.  It’s like a perfect blank page when it arrives and puts itself in our hands for us to write down our goals and action plans.  People don’t plan to fail, but they fail to plan.  Daniel and I will take a couple of days just to write down our goals and action plans.  If you find it hard to begin the process, try using the valuable acronym from my monthly mentor, Raymond Aaron.  He teaches his students to use the six MAINLY pathways of life to achieve a full and rich life.  For more details, you can read his new book Double Your Income Doing What You Love.

We would also like to extend our thanks for Daniel’s father for allowing us to stay in his house while we look for our own place.  Please stay tuned as we strive to find our golden goose property.

"You don’t have to see the whole staircase, just take the first step."

– Martin Luther King, Jr.

Our blessings to you for a happy, healthy, successful 2009!

Daniel Lynes and Julia Lee Lynes

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