CanadianRealEstateMasterclass.com Review Is It a Scam? Scott McGillivray Canadian Real Estate Masterclass Reviews
The government-sponsored real estate market in Canada has a lot of upside potential if the Bank of Canada keeps interest rates low, CMHC prevents the market from bottoming and Canadian politicians keep getting votes for keeping the inflated housing market propped up. So, who can blame anyone for trying to profit from it?
In fact, if you’re struggling to purchase your first home, and you want to buy one regardless of the price, you’d be wise to at the very least consider the Canadian Real Estate Masterclass or something similar to it. One of my personal favorite Canadian real estate books is “The Real Estate Action Plan by Peter Kinch” might be a bit dated now, but it was very helpful for me, I was able to see through a lot of the real estate investment scams because of that book.
Scott McGillivray reveals “How-To Build a Million-Dollar Real Estate Plan” in his masterclass which shouldn’t be hard if you’ve saved $200K for a downpayment on a house in Vancouver, Ottawa, or Toronto. There appears to be a qualification process for the CanadianRealEstateMasterclass which is why I mentioned the “The Real Estate Action Plan by Peter Kinch” search for it on Amazon or check your local book store.
Real Estate in Canada is mostly a game of laws, and basically, you want to have the downpayment and be responsible with how you spend your money. After you’ve bought real estate and the Canadian dollar gets debased, it’s usually not a good idea to buy that $350K Lamborghini. Because just like car maintenance is a real thing, so is house maintenance.
In this crazy time of ever-increasing real estate prices, what goes unchecked are rising maintenance costs, if the Canadian real estate market ever reaches a point of stagnant growth or god forbid deflation, the old days of a home being a money pit will return. In the modern era, what a lot of people do is when their house needs repairs they sell it for a profit, which is smart, but what happens when you can’t sell it for a profit? Well, that’s when you need someone like Scott McGillivray to help you fix it.
Don’t let Scott McGillivray’s good looks fool you, he’s not just some pretty boy, he’s a handyman, and handymen are best suited to be real estate investors, that’s where the cost of doing business comes in. So, I personally INVEST in real estate, but I buy paper and usually large properties because I can do the basics but I’m no Scott McGillivray, I know if things go wrong, I’m going to have to call a professional to fix it, and I don’t blame any professional in Canada for demanding they be paid well for the work they do.
I say this so you’re aware of why so many people would rather sell you their real estate course rather than do the work themselves. Some of the REITs I buy pay between 6-12%, I’m also involved in second mortgages, I like the paper side of real estate, I personally don’t like being in debt. Left-Wingers often try to portray employers or business people as these rich Scrooge McDuck characters when in fact, most business people are merely watching their costs BECAUSE THEY’RE IN DEBT!
When people like me go into debt I make sure my Gold and Silver investments can cover the loss, because, with fiat money, inflation is inevitable. Although I have investments for both sides, I lean more towards the Canadian dollar continuing to be debased, meaning that home prices in Canada are going to continue to rise.
Debt when used wisely can be used for leverage, consumer debt exists primarily because of fiat money, but if money were backed by Gold and/or Silver chances are consumer debt wouldn’t exist at the level it does today and consumer prices, wages, etc. would have to come to down. If you’re saying to yourself that sounds unlikely, I tend to agree, which is why real estate investment training is something you should consider. I do not think CanadianRealEstateMasterclass.com is a scam, is this an endorsement for CanadianRealEstateMasterclass? No, but I expect there will be some value in it.
I personally prefer dividend investing, REIT’s anything that pays me some income every month, quarterly, semi-annually, or annually without me having to do any physical labour. I also like to read and learn new ways to make money online. If you get involved with real estate investing, make sure you learn the risks involved, real estate investing is a BUSINESS. Any questions you have regarding CanadianRealEstateMasterclass.com should be directed to their staff directly. All the best!