Mindflayers journey to 100k PMNI

1a) Waiting for Feb 4th close on this deal. Son finalized on a bank for mortgage.
----------
2) Delta Warehouse: No more emails to ex tenant. They did not reply after my last email. Preparing Civil Resolution Tribunal. Will be submitted this week.
--------
3) Equities Investing. Paperwork finished. Bank came back with extra 880k HELOC. Will be finalized/available in 2 weeks/beginning of Feb.
---------
4) Hamilton House. No update. Tenants are paying.
------------
5) Edmonton RE. Still looking at Edmonton and Calgary news. Still looking at RE in those areas.
---------
6) Registered for the AI January 28, 2024. Just waiting.
--------
7) RE meetups: 2 more this last week. Went over goal setting for 2025. Good exercise for many. I had/have all of my goals set up ahead of time. I added a couple more long term goals.
Had a talk by Professional Motivator (specializes in NHL goalies) but was giving talk to RE investors.

----------
8) Detroit homes: Same Nothing of note to report. Rents all being collected on time.
---------
9) Vancouver Warehouse. Waiting to do 2nd payout.
---------
10) Wainwright Storage. Nothing to report.
----------
#11) Sarnia Ontario. No update
-------
#12 Currently reading: Finished reading Blue Ocean Strategy and Journey to the Center of the Earth by Jules Verne. Currently reading Sapiens by Harari. Very interesting book.
----------
#13 Future Authoring program. Am thinking about applying for more jobs. I put this in my goals for this year, after I get a diploma in AI. Will be interesting to see if the AI stuff gets me a job.
------------
#14 Real Estate Agent's license. No action till after AI course.
----------
If there is a #15 it would all be document and tax preparation. Lots of it to do. .... LOTS.

1a) Waiting for Feb 4th close on this deal.
----------
2) Delta Warehouse: Filed a case with CRT. This is a big step. The reply says I will have to wait 1-2 months for a reply and date for submissions.
--------
3) Equities Investing. Not much going on here... will probably invest in RRSP's in 30 days or so.
---------
4) Hamilton House. No update. Tenants are paying.
------------
5) Edmonton RE. Still looking at Edmonton and Calgary news. Still looking at RE in those areas.
---------
6) Registered for the AI January 28, 2024. Just waiting.
--------
7) RE meetups: One online meeting coming up next week. One good result of going to these is that I got 3 new RE accountants to choose from.
My current Accountant's company was purchased by Doane Grant Thorton. A fairly large co. and they are charging about 1.5x what they used to.
For 1h tax advice... After accountants gave suggestions, I gave my point of view and after asking me how I got to that
position, they agreed with my decision. They charged me $700 for 1h to do what I already knew was the correct proceedure.
----------
8) Detroit homes: Same Nothing of note to report. Rents all being collected on time.
---------
9) Vancouver Warehouse. Waiting to do 2nd payout. Will likely be next week.
---------
10) Wainwright Storage. Nothing to report.
----------
#11) Sarnia Ontario. No update
-------
#12 Currently reading: Currently reading Sapiens by Harari. On page 260.
----------
#13 Future Authoring program. No new chapters yet.
------------
#14 Real Estate Agent's license. No action till after AI course.
----------
If there is a #15 it would all be document and tax preparation. Lots of it to do. .... LOTS.

6) Did my first AI class. Was more of an explanation and overview of how AI is getting into everything, especially content creation... Text, Photos.. Video.
Actually used AI for the first time to rewrite a review in a more professional way... was happy with/and used the AI version of the content.

7) Went to an all day RE investor meetup and got a great behind the scenes view of presales in my local area. Presales are really hurting in Toronto and Vancouver. There are great deals to be had.
So for a brief explanation of Presales: There is a difference between Canada and China. In China the full price is paid today for a presale that will be delivered in 3-5 years from now. In Canada usually there is a schedule of deposits that get paid on target dates: ie 5% at signing, +5% 30 days later, +5% 1 year later etc. Balance on delivery/closing.
Now take this presale in Vancouver as an example. (3 years ago) New units are selling for say $800/sqf. the unit is 800 sqf = $640,000 I paid my 15% $96,000. When I signed the deal, I estimated the interest rate at 3% and the bank would loan me 80% or $512,000. Fast forward to two months before closing. You go to the bank expecting they will loan you +$512,000.

Well there are two new sets of limitations:
First you have to pass the loan amount based on income. Based on your income of $100,000 they would loan you 5x your income; but that was based on the old interest rate of 3%, 3 years ago. Now the interest rate is 5.5% and they will only loan you $450,000. (just an example)

Secondly the bank will only loan you say 80% based on the LTV (loan to value of the property).. and now the value of the property is only valued at $580,000 based on the most recent sales. (prices are dropping due to the lack of buyers at the new higher interest rate) so now based on 80% of 580,000 the bank is only willing to lend you $493,000 and your contract says you need to pay (640,000 minus your deposit of 96,000 = $544,000) Taking the lower of the two limitations (Income or Value of the property the max the bank will loan is $450,000. I saved up an extra $30,000 in the last 3 years and with the expected $512,000 from the bank would make it to the required $544,000.

But now I need to come up with a total of $94,000 (an extra $64,000) or lose my deposit of $96,000!

This might not be a problem if you have deep pockets, but it is a problem for first time buyers. It is also a problem for investors that purchased +3 units at the presale and have to close on ALL of them at the same time. (not uncommon in my world)

Now what ends up happening is that the presale buyers with a contract to buy at $640,000 are selling them to a new buyer for $580,000 and taking a $60,000 loss instead of failing to close on the deal and losing their entire $96,000 deposit.

Ask if you have any questions.

1a) Deal closed. moving in day is Feb 23. Lots to buy. Also will look into an second option 1 year from now to rent the unit out as a Furnished suite.
There are guys that I know (Super Suites that specialize in that stuff)
The brief explanation of this is that there are 3 levels of rental.
Long term, +1year (is what I epecalize in and have a license for)
Short term.. Weekend Air BnB stuff.. 2-3x income of Long term, but there are many restrictions and high wear and tear on the unit.
Half way in between, = Furnished mid term rentals. This is a specialized industry that focusses on
inbetweeners. Sold a house .. looking for a new one, need to live somewhere.. or am waiting for my new home to be completed because of construction delays.. etc.
insurance claims (my 2+2 unit burned or flooded and Insurance is paying me for 6 months to live somewhere else while they complete repairs)
new to the city executives (corporate relocations/ ie. Seaspan-ship construction exec, High tech exec Microsoft, SAP, many others within walking distance)
Specific to the city high end rentals. (movie execs, here for a movie
These type of units rent for 1.5x Long term.. I will book a time to show the unit to the guys at Super Suites.
----------
2) Delta Warehouse: Waiting for CRT reply. I will notify the tenant on the 15th or so that I have filed a claim.
--------
3) Equities Investing. Same' Not much going on here
-------------
4) Hamilton House. No update. Tenants are paying.
------------
5) Edmonton RE. Still looking at Edmonton and Calgary news. Still looking at RE in those areas.
---------
6) AI course is interesting. Started and continuing to use AI. Using it now to create/link photos of Images for a new company. Will also use it to develop the content of the company's online presence.
--------
7) RE meetups: Went to excellent meetup last weekend. Found 1 possible investment opportunity. "Hoarder House"
2.6M selling for 2.15M With 3 rental units.. Hoarder is on the main floor and will have to be evicted. Probably a 6m duration process; then another 2-3months to repair and restore unit to rent-ready status.
----------
8) Detroit homes: Same Nothing of note to report. Rents all being collected on time.
---------
9) Vancouver Warehouse. Paid out 2nd amount. Not much to do here until After June 30.
---------
10) Wainwright Storage. Nothing to report.
----------
#11) Sarnia Ontario. No update
-------
#12 Currently reading: Finished reading Sapiens by Harari. Currently reading 'One up on wall street' by Peter Lynch.
----------
#13 Future Authoring program. No new chapters yet.
------------
#14 Real Estate Agent's license. Booked Legal update course and Booked Ethics course. Both are required to be retaken every 2y.
----------
If there is a #15 it would all be document and tax preparation. Lots of it to do. .... LOTS.

1a) Son has essentially moved in. He is having a party at his new place with his friends tonight. Will start thinking about son #2... 2-3 years off, but thinking ahead anyways.
The Super Suite idea may or may not work. That company only focusses in an area that is farther east and they do not have any units in the downtown core.
They do have a network so I may be able to use them and pay a referral fee for a 'furnished suite' tenant.
----------
2) Delta Warehouse: Notified the tenant that I have filed a claim. Waiting for CRT to notify me of a hearing date.
--------
3) Equities Investing. Same. Market up.. Market down. I am not paying much attention as there is little for me to do in the short term.
-------------
4) Hamilton House. No update. Tenants are paying. Check on Property declarations and taxes.
------------
5) Edmonton RE. Still looking at Edmonton and Calgary news. Still looking at RE in those areas.
---------
6) AI course is very interesting. As I got deeper into AI, i learned that the next step is 'Agents.' Essentially a combination of multiple AI No Code tools combined to do a single or many tedious and repetitive activities on your behalf. My final assignment was a real estate 'Bird Dog' agent. The design is to go daily to multiple websites, scan for new RE listings that meet my requirements, scrape the critical data, add a line to my spreadsheet with the data, create a report on that property and then notify me that a new listing has appeared in X city , with Xy units, for $ZZZ. etc.
--------
7) RE meetups: Another great meeting this month. One of the speakers was a girl (50y old) with +100 units that wrote a book with

----------
8) Detroit homes: Same Nothing of note to report. Rents all being collected on time.
---------
9) Vancouver Warehouse. Nothing to report.
---------
10) Wainwright Storage. Nothing to report.
----------
#11) Sarnia Ontario. No update
-------
#12 Currently reading: Finished reading 'One up on wall street' by Peter Lynch. Currently reading 'Twilight of the Idols' Nietzsche and Shrodinger's cat.
Twilight of the Idols is way above my head. there are too many cultural and time specific references that he uses as well as French and Latin idioms?
----------
#13 Future Authoring program. No new chapters.
------------
#14 Real Estate Agent's license. Booked Legal update course and Booked Ethics course. waiting.
----------
If there is a #15 working on tax preparation. T4a's T5's, K1's the number of US forms is somewhere around 5-8

#12 Currently reading:
Twilight of the Idols is way above my head. there are too many cultural and time specific references that he uses as well as French and Latin idioms?
Gotta finish 'scanning this book.' I read every word but it does not make too much sense without having to stop and translate and then think about what
is being said. here is a sample of things i need to think hard on from 4-5 pages otherwise I have no idea what is being said. Even with translation, I
am pretty sure I am missing 80% of the meaning.

Easy
Pandora's box
Caesar Borgia

Intermediate
Assyrians from without
desideratum
deny Schopenhauer
He might seem a little outre.
casuistry of a psychologist

Hard (need to google meaning for sure)
yo me sucedo a mi mismo
tamquam re bene gesta
Brahmins understood this
pur et vert
iniqutous privilege
partie honteuse
que j'aie et tant d'esprit
amor intellectualis dei
Has nobody found Schiller out yet?
Kant and his 'backstairs philosophy

Here is a sample verse:
Schopenhauer the last German who is to be reckoned with
(Who is a European event like Gothe, Hegel, or Heinrich, Heine,
and who is not merely local, national) is for a psychologist a case
of the first rank: I mean as a malicious through masterly attempt
to enlist on the side of a general nihilistic depreciation of life, the
very forces which are opposed to such a movement, - that is to say,
the great self-affirming powers of the 'will to live', the exuberant
forms of life itself.

Wut?!?

----------
#15) Working diligently on getting my tax forms and reports prepared to send to my accountants.

Humm... last few posts did not get saved. What does the closed red envelope mean next to the thread topic?!?

Great book recommendations. I need to check some of these out.

I would just add to go with Schrodinger's Cat this incredible book by Schrodinger himself. Like a William Poundstone book from the time but instead wrote by Schrodinger.

Marketing/sales wise it is hard to beat Robert Cialdini Pre-Suasion.

Noted and thanks. Will have to order this and rickroll's books.... not in the bookstores.

Update on missing posts.

1a) Son's place. Not much to do for next 10 months. He will live there. If he is smart and can resist the luxury of independence, he can up his income greatly by moving back home and renting out his place. Will see what happens in 10m.
----------
2) Delta Warehouse claim: CRT took the full 3 months to reply. Could not find one of the respondents (defendants) asked for clarification. I replied by email in a day. They called and asked me 3-4 questions. They were trying to confirm jurisdiction and authority to rule on my case. (Within the time limit 2y. Not a Residential claim (would be RTB, not CRT), respondent legal name....
I had to get a lawyer to do a company registry search. Turns out the respondent changed their company name. (I assume to avoid people or companies that they owe money to.)
Got a reply this last week. 14 weeks after I applied that they will take the case and notified me of what I have to do next. etc. Will post more on this later.
--------
3) Equities Investing. Same. Market up.. Market down. I am paying attention now, as uncertainty about tariffs is causing fear. Am looking at a whole range of possible equities to invest into.
Am looking for a trigger to cause a prolonged downturn in the market and for Shiller PE ratio to drop from 35 current to around 20!!! (17.23 is mean) will start buying when ratio drops around 25?!?
-------------
4) Hamilton House. Did a minor upgrade to back yard. Filled it with a layer of 3/4" gravel. Tenants park there, was muddy.. now it is not an issue.
-----------
5) Edmonton RE. Still looking at Edmonton and Calgary for multi family. Will plan a trip to Edmonton at the end of this month.
---------
6) Finished my 2nd AI course. More of the same. This time diving into real time customizing of client interactions. Does not go so easily with my
area of business (RE) as the interactions are not as plentiful. Works best when you have a website with lots of traffic. My list of qualified investors
is very short. (Net worth 5M, or 1M Net investments or 200k/y income) Minimum investment for me is 100K. The course puts the lower limit of
investment at ONE click of the mouse. ie. how to make your AI suggestions just slightly better so that you get a higher clickthrough rate.
--------
7) RE meetups: Another great meeting this month. This one was an all day meeting with 8 speakers.
I wrote a lot before, forgot what I wrote.
----------
8) Detroit homes: Same. Rents all being collected on time. My PM was in Greece on Vacation. His usual work Vlog turned into a vacation Vlog for a week.
---------
9) Vancouver Warehouse. Finalizing paperwork for Capital Dividend Declarations. Getting my partners to sign stuff is like herding cats!
---------
10) Wainwright Storage. Nothing to report.
----------
#11) Sarnia Ontario. No update
-------
#12 Reading: Finished 'Siege of Mt. Nevermind' and 'Think and Grow Rich' by Napoleon Hill. The grandfather of self help. One of my heroes.
The audio book is not the same as the written copy. Personally I think the Audio book is better. Hill narrates his own work and his tone and inflection gives
the work an extra level of effectivness.
----------
#13 Future Authoring program. I have some AI under my belt and have applied to my first job, with this as part of my education background.
I am not expecting to get a job, but will apply to 5-6 jobs just for fun in areas that I think will interest me and where I can add a lot of value.
------------
#14 Real Estate Agent's license. Updated. No issues.
----------
If there is a #15 working on tax preparation. Taxes finished. 52 pages 90% of the pages have entries.

1a) Son's unit. Wait till Feb 2026 for further action.
----------
2) Delta Warehouse claim: CRT No action yet. I have scheduled to work on this and submit it to the respondent(s) by July 5th. I will update them by email on July 15th. Will post more on this later.
--------
3) Equities Investing. Same. Market up.. Market down. No action yet.
-------------
4) Hamilton House. No issues. Tenants are paying their rents.
-----------
5) Edmonton RE. Still looking at Edmonton and Calgary for multi family. Trip to Edmonton is delayed to the end of this month. The prices of flights from Vancouver to Edmonton were 2x during the time I wanted to go. Looked into it.. Edmonton is in the Stanly cup Finals now so good luck at getting a cheap flight during the playoffs. if they win/lose a game 7 that would be on June 20th. Now planning my trip on June 25th. Will attend a RE meetup there in person and meet with a RE agent to look at small multi family units. (6-8 units)
---------
6) Finished my 2nd AI course. Merges with #7.
--------
7) RE meetups: Another great meeting this month. The key speaker talked about how to utilize AI in Real Estate. He sent me the slide deck for his talk ahead of time.
After the meetup I offered to work on an AI Bird Dog Agent program if he is interested. The AI agent would scour the web for new listings that met my criteria and then
send me an email if one popped up AND attach an AI assessment of the property. It would also alert me if a current property that I met my conditions dropped in price.
Will see what happens.
----------
8) Detroit homes: Same. Rents all being collected on time. No Action.
---------
9) Vancouver Warehouse. No Action, just waiting to file year end documents and prepare to shut the company down.
---------
10) Wainwright Storage. AGM is scheduled for July 12th. Will report if anything comes up.
----------
#11) Sarnia Ontario. No update
-------
#12 Reading: Finished reading 'The Millionaire Real Estate Agent' by Keller. it is good, but is for a person that is starting their career in RE and
how to build a large business. It is a sales book for RE Agents. Had to read it because my wife gave it to me as a gift.
Keller also wrote 'The Millionaire Real Estate Investor' which is much more inline with what I do.
----------
#13 Future Authoring program. Have applied to FOUR jobs already out of my goal of Six. Any of them would be interesting. The last is a 5-9 Property Administrator.
No glamor or glitz, but would be easy for me as I am over qualified and would be reporting to a Property Manager. (What I used to do)
------------
#14 Real Estate Agent's license. Just finished another mandatory Class on Anti Money Laundering.
----------
#15 New. I had a meeting with another General partner that I invested 100k with over one year ago. He went bust on the project and my 100K is lost. The only good part is that I can claim a 100k capital loss to offset vs. other RE projects. The project was located in Langford BC on Vancouver Island. Was a combination of finance and permitting delays. The result was not totally unexpected. After I told my wife, she was mad for about 1 day. She is ok with it now, but wants me to be in control of all future investments. No more investing with other GPs. The more that I am involved in a project, the better it does.... So focus on being the General Partner or advisor to my son for #5.

1a) Son's unit. Asked him to see if he can find the name of a contact in HR in his company. He works in an international Software company. They have 500-700 employees in our city and likely have executives coming into our city that will need temporary housing. My goal is to offer his unit as Furnished Executive housing. Ie. the company rents the place furnished.. for the entire year... and houses whomever they want in the unit. This model has the ability to charge a premium.. maybe 20% over unfurnished housing. It also has the advantage of being right in the core of the "in-young-hip' area and two blocks from transit.
----------
2) Delta Warehouse claim: Was submitted to the CRT. The next step was to inform the defendants (respondents under the CRT) that there is a claim against them. Had several methods of service. Since we have a postal strike on, I sent the notice by courier. I then filed 'Confirmation of Service' with the CRT. I now have to wait for the 'respondents' to reply. In court if they don't reply, I would get a default judgement. CRT is not exactly Court so the arbitrator may not give me what I want even if the respondent's don't reply. (unlikely in this case as the respondents are corporations and not single mothers on welfare.)
--------
3) Equities Investing. Same. Market up.. Market down. No action yet.
-------------
4) Hamilton House. No issues. Tenants are paying their rents.
-----------
5) Edmonton RE. Still looking at Edmonton and Calgary for multi family. Did my trip to Edmonton. Gave my realtor two listings that I wanted to see. One 6 unit and one 7 unit apartment. A week later, when I went to Edmonton, one was sold and the other was already under contract!
Went to a RE meetup in Edmonton and met some other investors. The next day i had a meeting with my realtor. We had a good meeting and we drove around. We only saw one other unit that he had with 4 units. Was designed as 2 units of multi family and the other 2 were student housing with multiple beds. Was not exactly what I was looking for. Need 5 to get into the commercial real estate category. The word Commercial is deceptive, because people usually think warehouse or office. In banking, any residential with 5 or more units is considered 'commercial.'
When a bank is considering a commercial loan, they do not look at your income and T4's. They look at the 'Net operating Income' (NOI) and the group managing the property before they extend the loan.

---------
6) Looking for an interesting job to apply to for my 5th. with the AI stuff on my CV. All jobs I am looking at now are are related to construction. Am interested in that part of RE now. Low effort though. I am getting old and have low expectation that I will be hired.
AI search project.. no progress.
--------
7) RE meetups: Had a good meeting last month. Finally went in person to a meetup that I attend by zoom every month.
----------
8) Detroit homes: Same. Rents all being collected on time. No Action.
---------
9) Vancouver Warehouse. No Action, just waiting to file year end documents and prepare to shut the company down.
---------
10) Wainwright Storage. AGM was fine. Small payout. Everything proceeding.
----------
#11) Sarnia Ontario. Had update for this property. Bank has come in with new appraisal around. Near double what it was when we purchased it. We are doing a Cash Out Refinance in Year 6. We will have 95% of our initial capital back 112k out of 115 or so invested.
Property is well managed now. Only 2 units left with long term renters from +20 years ago, paying 1/2 of market rent. NOI is way up and hence our refinance Value is way up.
-------
#12 Reading: Finished reading 'Let Them' by Mel Robbins, Finished reading Robinson Crusoe by Defoe. a classic 9/10. Currently reading the 5AM Club by Sharma. I read his Monk that sold his Ferrari way back when.
----------
#13 Future Authoring program. No updates. Need to find my next 'Why'
------------
#14 Real Estate Agent's license. No action.
----------
#15 Not a investment goal item, just another indicator that I am getting old, and likely on the downswing of earning and learning.
Getting invitations to weddings of my generation's friend's children. Sigh.

goood **** mindflayer

1a) Son's unit. Not much to do but wait for March 1, 2026
----------
2) Delta Warehouse claim: Was submitted to the CRT. I sent a follow up to the CRT asking what the next step is. I do not expect any quick answers as the first step took 3 months!
--------
3) Equities Investing. Same. Market up.. Market down. No action yet.
-------------
4) Hamilton House. No issues. Tenants are paying their rents.
-----------
5) Edmonton RE. Still looking at Edmonton and Calgary for multi family.
Found an interesting property in Tillsonburg Ontario. It is half way between Sarnia and Hamilton where I own other properties. This was a 10 unit .. 8 unit motel converted into a long term rental with 2 commercial tenants. It supposedly was a +7% cap rate. So it was worth looking into. It was a FSBO (for sale by owner) who had some buy ID requirements. Usually a buyer gives the ID to his agent and the agent confirms with the sellers agent about the buyer. In this case the Seller wanted me to send him my ID directly. In this instance, the seller wanted to act as a notary or Agent, and confirm my ID. etc. I checked with my lawyer who gave me a thumbs down. (in general) . This is probably ok if the buyer and seller are in the same city and can meet in person, but I am not sending copies of my ID to a stranger on the internet. I will keep looking.
---------
6) I applied to my 5th job as an Asset manager. This is an office job with much less responsibilities than the previous Asset manager job I applied to. The office is in a very nice business area of the city not far from my home. The job also pays about half of the other Asset manager job. Guessing I have to handle about half the amount of property/equities.
---------
12) still reading the 5am Club. Kind of out there. 150 pages of implausible buildup in a story, to get to a strategy.

This is a brief history of a developer going bankrupt.
The article is by Howard Chai
link is here

https://storeys.com/thind-properties-receiverships-foreclosure-timeline/

Storeys

A Timeline Of Thind Properties And Its Insolvency

[Editor's Note: This article will continue to be updated as Thind Properties' various insolvency proceedings progress. Last update: August 6, 2025.]
Over the last two or so years, Metro Vancouver (and beyond) has seen many real estate developers become insolvent, but most of those were relatively inexperienced developers and the scale of the financial troubles were proportionally limited.
That is, perhaps, why the insolvency of Thind Properties has drawn so much attention. Founded over 20 years ago by Daljit Thind, Thind Properties has completed over 1,200 homes and has more than 1,800 units still in its pipeline. The latter number, relative to the former, is also perhaps one of the reasons why the company began facing financial trouble when it did.
All four of its yet-to-be completed projects — District Northwest, Minoru Square, Eclipse Brentwood, and Maywood — and one recently-completed project — Highline Metrotown — are all now the focus of insolvency proceedings, as first reported by STOREYS throughout late-2024. Court-ordered sales are now underway for several of them.
Below is a timeline of Thind Properties, the breadcrumbs leading up to its insolvency, and the ongoing insolvency proceedings.

December 2016

Dec 12: Thind Properties receives third reading (conditional approval) for three residential towers in the Brentwood neighbourhood of Burnaby. The project is referred to as "The Residences at Brentwood Park South." Final adoption is later granted on June 26, 2017. (Rezoning Application)
September 2017

Sept 20: Thind Properties retains Rennie as the sales and marketing firm for its Highline Metrotown project in Burnaby. (Receiver's Report)
October 2018

The City of Burnaby grants final approval for Thind's Highline Metrotown project, a 48-storey mixed-use tower at 6511 Sussex Avenue. (Council Meeting)
July 2020

Jul 27: Thind Properties' rezoning application for the project that would become District Northwest is considered by Surrey City Council for the first time. (Rezoning Application)
April 2021

Apr 28: Thind Properties and Toronto-based KingSett Capital enter into a first-ranking mortgage agreement for the principal amount of $95,000,000, registered against Eclipse Brentwood, with the interest rate set at the RBC Prime Rate + 2.25% and a floor rate of 4.70% per annum. The agreement is later amended several times, ultimately to $124,000,000. (KingSsett Affidavit)
Apr 28: Thind Properties and KingSett Capital enter into a second-ranking mortgage agreement with two facilities: one for the principal amount of $50,000,000 and one for $15,400,000, both registered against Eclipse Brentwood, with the interest rate set at the RBC Prime Rate + 8.55% and a floor rate of 11.00%. (KingSett Affidavit)
July 2021

Jul 16: Several months after a public hearing, the City of Richmond's Development Permit Panel considers Thind Properties' development application for Minoru Square. (Development Application)
October 2021

Oct 18: Thind Properties and KingSett Capital enter into a first-ranking mortgage agreement for the principal amount of $49,000,000, registered against Minoru Square. The agreement is later amended several times, ultimately to $72,650,000, with the interest rate set at the RBC Prime Rate + 5.54% and a floor rate of 12.24% per annum. (KingSett Affidavit)
December 2021

Dec 21: Thind Properties launches sales for the District Northwest project in Surrey, with Rennie serving as the marketing and sales firm. (Thind Affidavit)
February 2022

Feb 14: Thind Properties and KingSett Capital enter into a first-ranking mortgage agreement for the principal amount of $55,750,000, registered against District Northwest. The agreement is later amended several times, ultimately to $79,912,500, with the interest rate set at the RBC Prime Rate + 7.04% and a floor rate of 9.49% per annum. (KingSett Affidavit)
May 2023

Thind Properties informs pre-sale purchasers on Minoru Square that they are pausing the project and returning deposits due to high interest rates. (Source)
June 2023

Jun 30: The Canada Revenue Agency obtains a court judgment for $11,996,763.09, registered against Eclipse Brentwood. (KingSett Affidavit)
August 2023

Aug 7: Thind Properties Founder & CEO Daljit Thind is appointed to the Order of British Columbia. (Press Release)
October 2023

After Highline Metrotown is completed, Thind submits an application to the City of Burnaby asking to convert 10 floors of planned office space into hotel use.
November 2023

Nov 2: Thind Properties and KingSett enter into a second-ranking mortgage for the principal amount of $99,890,625, also registered against District Northwest. (Petition)
March 2024

Mar 3: KingSett Capital's Managing Director of Mortgage Investments Justin Walton informs Daljit Thind that they will not be providing construction financing for District Northwest, citing KingSett's "overall exposure" to Thind Properties. (Thind Affidavit)
Mar 5: KingSett Capital agrees to provide a first-ranking mortgage inventory financing loan of $176,500,000, registered against the unsold units of Highline Metrotown, with the interest rate set at the RBC Prime Rate + 3.50% and a floor rate of 10.70% per annum. (Petition)
April 2024

Apr 11: Thind Properties acquires 4330 Maywood Street (6677 Silver Avenue) in Burnaby for $22,000,000, where a 24-storey condo tower was being developed by Kirpal Group, and a second-ranking mortgage for the principal amount of $7,900,000 is registered against the property, with the interest rate set at the higher of 15.50% per annum or the Canadian Western Bank Prime Rate + 8.30% per annum until July 31, 2024, after which it escalates to the higher of 19.50% per annum or the CWB Prime Rate + 12.30% per annum.
May 2024

May 1: Thind Properties fails to make monthly interest payments to KingSett pertaining to the first-ranking mortgage registered against District Northwest. (Petition)
June 2024

Jun 12: Cabinetry subcontractor Inform Projects files a civil claim in Supreme Court for $677,731.14 Thind owed them for work pertaining to Highline Metrotown.
August 2024

Aug 8: Thind Properties submits a rezoning letter of intent to the City of Burnaby seeking to revise the existing rezoning application for 4330 Maywood Street (6677 Silver Avenue). (Letter)
Aug 12: A strata unit owner within Highline Metrotown provides STOREYS with a letter from the property management company, Tribe Management, stating that Thind Properties had a bit over $800,000 in unpaid fees and the building's concierge and building manager services were being suspended by the service providers as a result of non-payment.
Aug 30: After trying to work with Thind to resolve payment difficulties, KingSett Capital issues Thind a demand for payment in the amount of $84,633,896.19 pertaining to the first-ranking mortgage registered against District Northwest. (Petition)
September 2024

Sept 1: Thind Properties fails to make monthly interest payments to KingSett pertaining to both the first-ranking mortgage registered against Minoru Square and the first-ranking inventory financing mortgage registered against the unsold units of Highline Metrotown. (KingSett Affidavit)
October 2024

Oct 11: KingSett Capital files an application asking the Supreme Court of British Columbia to appoint a Receiver over District Northwest, where 873 of 1,023 units had been pre-sold and $78 million in deposits had been collected. Construction had not commenced, however. (Petition)
Oct 11: After trying to work with Thind to resolve payment difficulties, KingSett Capital issues Thind a demand for payment in the amount of $74,159,665.83 pertaining to the first-ranking mortgage registered against Minoru Squuare. (KingSett Affidavit)
Oct 18: STOREYS reports that the Minoru Square project in Richmond has been listed for sale by JLL. (Listing)
Oct 21: After trying to work with Thind to resolve payment difficulties, KingSett Capital issues Thind a demand for payment in the amount of $141,151,126.89 pertaining to the first-ranking inventory financing mortgage registered against the unsold units of Highline Metrotown. (KingSett Affidavit)
November 2024
Nov 4: The City of Burnaby grants final approval to Thind's application to convert 10 floors of planned office space into hotel use at Highline Metrotown.
Nov 8: The Supreme Court of British Columbia grants KingSett's application and KSV Advisory is appointed as the Receiver over District Northwest, as first reported by STOREYS on November 18. (Court Order)
Nov 8: KingSett files an application asking the Supreme Court to appoint a Receiver over the Minoru Square project in Richmond and the unsold units of Highline Metrotown in Burnaby, as first reported by STOREYS on November 20. (Petition)
Nov 14: A realtor named Gurmail Singh files a civil claim against Thind Properties for $800,000 in commission in connection with the sale of the 10-level hotel space within Highline Metrotown.
Nov 28: The sale of the 10-level hotel space within Highline Metrotown to Mundi Hotel Enterprises Inc. for $47,200,000 closes, as first reported by STOREYS.
December 2024

Dec 4: Bancorp Balanced Mortgage Fund II Ltd., Bancorp Growth Mortgage Fund II Ltd., Bancorp Financial Services, and Strandlund Investments Ltd. initiate foreclosure proceedings against Thind Properties and its 4330 Maywood Street (6677 Silver Avenue) property, as first reported by STOREYS.
Dec 6: In response to KingSett's receivership application, the strata corporation of Highline Metrotown says that it is owed approximately $1.1 million in unpaid fees from Thind Properties. (Receiver's Report)
Dec 12: The strata corporation of Highline Metrotown files a civil claim over the unpaid $1.1 million. (Receiver's Report)
Dec 13: The Supreme Court grants KingSett's application and KSV Advisory is appointed as the Receiver over Minoru Square and the unsold units of Highline Metrotown. (Court Order)
Dec 16: KingSett Capital learns of the $11,996,763.09 judgment registered against Eclipse Brentwood that the CRA obtained on June 30, 2023, saying Thind had not previously made KingSett aware of it. (KingSett Affidavit)
Dec 23: The City of Burnaby files a civil suit against Thind Properties over failed payments that Thind was obligated to make after taking over the 4330 Maywood (6677 Silver Avenue) project, as first reported by STOREYS.
Dec 27: KingSett Capital issues Thind a demand for payment in the amount of $189,196,038.21 pertaining to both mortgages registered against Eclipse Brentwood. At this time, the 34-storey tower with 335 units is approximately 95% complete. (Petition)
January 2025

Jan 7: KingSett Capital files an application asking the Supreme Court to place the Eclipse Brentwood project under CCAA creditor protection and the application is granted the next day, as first reported by STOREYS. (Court Order)
Jan 8: The Canada Revenue Agency notifies KSV Advisory that Thind owes $8,152,926 in GST pertaining to Highline Metrotown. (Receiver's Report)
Jan 10: Liens filed against Thind Properties pertaining to Highline Metrotown surpass $2.2 million and include $1,905,810.39 owed to Jab Contracting Ltd., $35,411.25 owed to Lion’s Gate Building Maintenance Ltd., $255,079.85 owed to Hair Stones Limited, and $42,613.65 owed to 1364410 BC Ltd. (Receiver's Report)
Jan 20: The Supreme Court approves the sales process for the remaining units of Highline Metrotown. (Court Order)
Jan 30: KingSett Capital is granted a court judgment confirming Thind's outstanding debt on District Northwest at $88,681,620.18, with interest accruing at a rate of RBC Prime Rate + 7.04% and a floor rate of 9.49% per annum. (Court Order)
Jan 30: KingSett Capital is granted a court judgment confirming Thind's outstanding debt on Minoru Square, as of January 6, at $76,599,425.45, with interest accruing at a rate of RBC Prime Rate + 5.54% and a floor rate of 12.24% per annum. (Court Order)
March 2025

Mar 12: The Receiver of District Northwest enters into a stalking horse purchase and sale agreement with 1419195 BC Ltd. — an entity controlled by BM Group — with a price of $86,000,000, as first reported by STOREYS. (Application)
April 2025
Apr 2: The Supreme Court approves the sales process for District Northwest. (Court Order)
Apr 2: The Supreme Court approves the sales process for Minoru Square, with JLL remaining the listing team. (Court Order)
Apr 10: The 4330 Maywood (6677 Silver Avenue) property is listed for sale by Colliers with an asking price of $16 million. (Listing)
Apr 16: The Supreme Court approved the sales process for the unsold units of Eclipse Brentwood and also extended the creditor protection to July 18, 2025. (Court Order)
June 2025
June 18: After too many presale purchasers back out of their purchase agreements, BM Group withdraws its stalking horse bid to buy the District Northwest project. (Application)
June 24: The Supreme Court approves a new sales process for District Northwest, this time without the stalking horse bid. (Court Order)
July 2025

July 15: The Supreme Court approves a stay of proceedings related to Eclipse Brentwood until January 23, 2026, with construction on the project resuming and set to be completed by December 2025. (Court Order)
From Your Site Articles

Quick Update.

#5. I made a lowball offer on a condo unit in my city. The conditions are all in my favor. Nothing to lose but a bit of time.
Tax value 800k
Age is 35y old.
Owners listed place for 700k
my offer was 628k
40k deposit in 48h.
No subjects/(conditions) (usual minimum is home inspection, finance, title and strata (HOA) documents. and 2 weeks to remove the subjects)
Close in 2 weeks. (usual is 6 weeks)

This place needs lots of Strata repairs. 30-35 years is the critically bad age for a building. Most components have lifespans of 35y or less.
The major components of this building have not been repaired/replaced.
I got the Strata docs early and read all +500 pages of engineering reports. The place is scheduled for a 35M repairs/upgrades; all windows,doors, exterior surfaces etc.
There are 181 units in this complex and based on the ratio of entitlement, this unit would have to pay approximately 197k in 'special levies' in the next 2-4 years.
This is why I went in low. I got the reply from the agent. They liked the quick close but price was too low. They accepted a different offer.
I figure they will have a 5% chance of not removing the subjects and backing out after they read all the engineering reports.

Currently I think, I still have a 1% chance of getting this place! Will email the agent to contact me if they fail to remove subjects.
Supply of good cash flowing multi family units in Edmonton is very very scarce. I have been looking for 6-12 months now and hardly anything is available.
When it does come up, offers come quickly. (see my report on visiting Edmonton a couple months ago.... went to see 2 small apartment buildings. When I got there, both were essentially under contract already. Sigh.
Vancouver Condo 40% now, Toronto 1% (haven't looked at all except to read how the market is worst than Vancouver) Edmonton Multi family 59%
Vancouver Condos.. 100's of units to look at +20 added/removed weekly. Edmonton Multi family 2-3 units to look at and only 1 added or removed every month.
---------------
#7 I have a RE meeting on Monday coming up. The topic s lowball offers.... now is the time to make them and how to.
(if you are reading this in the future, you can look up the conditions of the Condo Market in Vancouver and Toronto in 2025. )
Oversupply of units, As explained 2 posts ago on Sep 22.
--------------
#11 Sarnia Ont Multifamily
We had a zoom meeting last week to discuss payout.
In person meeting today. Will post details and a more fulsome description next update.

Time for an update.

1a) Son's unit. Took photos. Need to interview owner of 'Super Suites.' A rental company that only supplies furnished rentals. Then make appointments with HR for Amazon, SAP, Hootsuite, Take Two, EA etc.
A friend of mine is the heir apparent to a large furniture company in Vancouver. He let us (football pool friends) know that he is changing one of his outlets to a high end furniture display location and that everything in there is on a huge discount. Ended up buying 3 pcs of art, one sofa and one side table. NICE!! Would have bought more, but I do not have space to store it all.
----------
2) Delta Warehouse claim: Sent a final Email to the CRT and consider it Finished.
This number will be reallocated to my actions following item #5.
Condo investments in Vancouver.

I made two offers in this last month on existing condos. The owners had dropped the price drastically. I still came in way under asking and got rejected.
Good for me. If they accepted it, I would feel like I offered too much.
One was 1100 sqf. the other 1200sqf in the same complex. The offers were made 2 weeks apart after the owners dropped the prices. The location is perfect.
The age is the worst and there is a pending 35m special levy to do major repairs on the building. The building is 34 years old and they have major components of the
structure that require total repairs.
Good reason for me to go in super low.
--------
3) Equities Investing. Same. Market up.. Market down. Tesla doing well @ 460 today. Voted my Shares in the upcoming Tesla AGM. No buy/sell action.
-------------
4) Hamilton House. More repairs. Small leak reported in upstairs kitchen.

-----------
5) Edmonton Multifamily./Commercial Property.
Well there is not much coming online. I look daily but the pickings are slim.... Still slim.

More adjustments. There seem to be a lot of price decreases in existing condos. Presales are still holding on to their 'wish is was 2022' price. They have to get crafty and
either give a huge agent commission or provide an extra parking space or a 'premium finishes' upgrade.
Ie. The developer can't drop the price for 1 unit if he has 15 units still in inventory. As soon as he sells one at a discount, the banks will take this as the new 'comparable' and
reduce the value for all units in the building. The buyer has to hold onto that 'Top line sales number' but is adding on extra discounts in the expenses and will take home less bottom line.

As a result of this new realization, my new breakdown for the next purchase is:
20% (2022 presale in Vancouver) coming live in 2025-2026
5% (2022 presale in Toronto) coming live in 2025-2026
45% existing condo in Vancouver. (specifically units that have shown a substantial price drop)
30% multi family in Edmonton.

---------
6) I did apply for a 6th job today. Job title was Road Works Coordinator. Oddly it is very similar to my first Engineering 35 years ago.
Office job: 9-5 low salary, but has the potential to get me my P.Eng. certification, which is on my bucket list of things to do.
--------
7) RE meetups: Lots of good meetups. Next one is a week from today.
As part of my follow up actions, I had lunch with an architect that attends these meetings.
----------
8) Detroit homes: No activity. Tenants are paying on time.
---------
9) Vancouver Warehouse. got a hefty accounting invoice. Will start on closing the company this month.
---------
10) Wainwright Storage. No update.
----------
#11) Sarnia Ontario. Went to an in person meeting to get payout. Got all monies invested in this property. We still own it and have receive all funds initially invested 6 years ago.
-------
#12 Reading: Finished Currently reading Extreme Ownership by Jocko Willink and Leif Babin. Finished Call of the Wild by Jack London.
Currently reading a Biography of Leonardo da Vinci and Tom Sawyer by Mark Twain.
----------
#13 Future Authoring program.
Am considering doing several things to keep my mind sharp. Job/PEng. certification in #6. Alternately some drawing practice and interior design courses to complement #1 and #2.
------------
#14 Real Estate Agent's license. No action.
----------
#15 Started taking notes for 80 lectures for my kids (grown up now, but things I want to talk about .. my take or philosophy on a wide range of topics) The weird thing is that I always think of them at odd times and say to myself I should tell X about this when it comes up. The big problem now is that my memory is starting to get worse so I need memory aids, like my daytimer and notebooks.

Time for an update.

1a) Son's unit. Not much to do. Looks like son will move back home for sure and rent his place out. Need to wait for Feb.
b) younger son just got a new job. Pay downgrade, but I think is a huge upgrade in opportunity and Learning. The new company is a large well known
developer in my City. Company is well structured and has opportunity for lateral and upward movement.
As part of the benefits is paying 1/2 for him to do his CA. I think he is set for the next 4 years.
----------
2) Condo Investments.
Still 4-5k empty NEW units on the market. Condo prices continue to drop but slowly, but are very sticky. Still going to open houses.
--------
3) Equities Investing. Same. Market up.. Market down. Tesla doing well @ 447 today.
-------------
4) Hamilton House. Small repairs continue. No major action
-----------
5) Edmonton Multifamily./Commercial Property.
Still not much available.
Well there is not much coming online. I look daily but the pickings are slim.... Still slim. Focus is shifting to #2 Condo Investments.

---------
6) Jobs?!? No action. Wife planned a family Cruise to eastern Med. Italy, Greece and Turkey for next June.
--------
7) RE meetups: Lots of good meetups. Three more young investors have asked to have asked me out for dinner, to ask questions and advice on RE investments.
They just asked me out of the blue after listening to some of my conversations with other investors at these meetings.
I have lots of different stories of problems and how I fixed them.
----------
8) Detroit homes: Same No activity. Tenants are paying on time.
---------
9) Vancouver Warehouse. Signed the Voluntary dissolution documents. Company officially closes Dec 30. Weirdly, the final tax return (a Nil return) is done After the closure.
I am doing the final large distribution this week. We have kept a few thousand dollars in the account to pay for accounting and any possible tax issues. Final distribution of
only a few hundred dollars will be early next year, as soon as the government gives us a NOA and confirms there are no taxes owing.
---------
10) Wainwright Storage. No update.
----------
#11) Sarnia Ontario. No update
-------
#12 Reading: Finished reading a Biography of Leonardo da Vinci
Currently reading Outlive by Peter Attia (Important for a guy my age) and Tom Sawyer by Mark Twain.
----------
#13 Future Authoring program.
Am considering doing several things to keep my mind sharp. Job/PEng. certification in #6. Alternately some drawing practice and interior design courses to complement #1 and #2.
------------
#14 Real Estate Agent's license. Number of credits I need to take this next year to maintain my license has gone up by three.
----------
#15 Started taking notes for lectures to my sons Continues.
As a side note: because I am losing my memory and the fact that a friend of my wife brought up an old story. We (wife and I) talked about it. An old (very serious RL story) that I had particular knowledge of. It involves Poker and Murder.
If you got this far, I will try and give some details in my upcoming posts. Maybe it will end up as a short story from my point of view on how the events unfolded around THIRTY years ago.

Haven't posted in a while and needed to update on the Outlook and goals.
Spent some time goal setting at the beginning of the year and also time reading a new book which changed my outlook.
-----------------------

1a) Son's unit. Not much to do. Looks like son will move back home for sure and rent his place out. Need to wait for Feb.
b) younger son just passed his probation period with the new RE developer. The timing was interesting as we (he as the
buyer and me as his agent) made an offer on a 2bed 2 bath condo. Why we did it is in #12 Below.
----------
2) Condo Investments.
Still 4-5k empty NEW units on the market. Condo prices continue to drop but slowly, but are very sticky. Still going to open houses.
As in 1b) we made an offer on a condo. Will report results in next posts.
--------
3) Equities Investing. Same. Market up.. Market down. Tesla doing well @ 449 today. First unsupervised Robotaxi is live in Austin TX TODAY Jan 22, 2026.
-------------
4) Hamilton House. Nothing to report. Tenant is paying on time etc.
-----------
5) Edmonton Multifamily./Commercial Property.
Still not much available.
---------
6) Jobs?!? As part of my goalsetting for 2026, I said that i am going to make getting fit and trim my job for the next 6 months.
For more info on that journey, See my thread in the 2+2 Health and Fitness forum. Mindflayer is looking for Abs.
--------
7) RE meetups: Last meetup was focussed on goalsetting. I set 10 goals for 2026.
----------
8) Detroit homes: Same No activity. Tenants are paying on time.
---------
9) Vancouver Warehouse. Accountant filed a nil return for our company and it is officially closed (legally as of Dec 20, 2025)
Accounting wise, we filed our last GST return and now have to wait for the CRA (Canadian version of IRS) to send us our final assessment.
We have kept a few thousand dollars in the account to pay for accounting and any possible tax issues.
---------
10) Wainwright Storage. No update.
----------
#11) Sarnia Ontario. No update
-------
#12 Reading: Finished reading Outlive by Peter Attia and Tom Sawyer.
Currently reading Copywriters Handbook and
'Choose your Enemies wisely' by Patrick Bet-David.

This book and its strategy is top of mind right now. When I first started, I thought that laziness was my #1 enemy.
Then I shifted that to Comfort is my #1 enemy.
Now I have come to a better enemy. (enemies.. there are 2 of them)

enemy #1 is Death! or old age with a diminished capacity. What good is wealth if you cannot enjoy it. This is essentially right out of the last book 'Outlive'
So I have made Getting fit and healthy my job for next 5-6 months. I am doing a 75 hard challenge now (is my 2nd and
will be doing it for approximately 145-150 days. with DEXA scan every 30 days.
I work out about 3h per day +1h of food prep and posting on 2+2 H&F

enemy #2 is Taxes. Estate taxes, Property Transfer taxes, Capital Gains tax, Empty homes tax, speculation tax, Probate (tax)
Income tax. This realization has led me to a paradigm shift in thinking.
Instead of buying new properties into my own company and increasing my own net worth (and ego) I have decided to
work on the generational wealth transfer very early on. Hence item #1b)
----------
#13 Future Authoring program. Writing in my book that I am a FIT person.
------------
#14 Real Estate Agent's license.
----------
#15 Started taking notes for lectures to my sons Continues. Story on Poker and Murder.
I started but do not have much yet. I wrote it in the 1h waiting for a RE meeting to start.

1a) Son's unit. He moved in on Feb 22 , 2025. so We have him moving out a few days after that Feb 23-26 or some such date.
I listed his unit as Available March 1st and am going to do my first showings today. All of the applicants are exactly who I expected
to be renting his unit when I planned this out. They are all DINKS... dual income, no kids that want to live in the 'hip/in/cool (read expensive)' part of town,
near all the best restaurants,/coffee shops/bistros pilates/yoga studios, high tech/legal/finance offices.
Unit is 2bed, 2bath, + den, 1117sqf listed at $3300 per month. Within days I have 5 showings booked. The combined income of the tenants needs to be $100k to hit my cutoff.
Combined income >= 3x rent.
----------
2) Condo Investments.
Still 4-5k empty NEW units on the market. Condo prices continue to drop but slowly, but are very sticky. Still going to open houses.
As in 1b) we made an offer on a condo. Just missed this one. We could have gotten it if I moved a bit faster. Similar units with owners in them
are listed for $750k. Similar units tenanted or vacant/ owned by investors are listed at $700k. This was one of those units. where the seller got desperate.
Dropped his price to $650k. I went in at $590k and was planning to go up to $608k (with some wiggle room on my comission). The seller accepted a offer (before mine) and closed
at $ $612k. That was a great deal on a place that sold for 803k in 2019.
Going to see another open house tomorrow. I wanted to make an offer as soon as this property came up, BEFORE the open house, but My wife insisted we see it first.
Listed for $799k. Is down from last purchase price of $1,070K in 2016! It is in a superb location, but is a loft and my wife does not like the vibe.
The feeling is ideal for a young bachelor or couple. (not us) I would offer $728k and come up to say $760k. That would be a steal.
Please note that I am thinking of the value of the property 5-10 years from now and what it could rent for then.
--------
3) Equities Investing. Same. Market up.. Market down. Tesla doing well @ 412 today.
Asked my wife to put some $$ aside for investing into either AI chipmakers and/or SpaceX
-------------
4) Hamilton House. Nothing to report. Tenant is paying on time etc.
-----------
5) Edmonton Multifamily./Commercial Property.
Almost nothing available.
---------
6) +30days into my 75hard challenge (updates in Health and Fitness Forum)
--------
7) RE meetups: Had coffee with another RE investor. His specialty is commercial leases and Dollar store Franchises!
Have an all day RE conference scheduled for Feb 15.
----------
8) Detroit homes: Same No activity. Tenants are paying on time.
---------
9) Wait for the CRA (Canadian version of IRS) to send us our final assessment for this other RE company I manage.
We have kept a few thousand dollars in the account to pay for accounting and any possible tax issues.
Should be put to bed in the next month and I can focus on a different project.
---------
10) Wainwright Storage. No update.
----------
#11) Sarnia Ontario. No update
-------
#12 Reading: Finished Copywriters Handbook.
Reading 'Choose your Enemies wisely' by Patrick Bet-David and a new book (old college English textbook) called Writing and Thinking.
Chose this book because I am writing a True Crime Fiction. (See #15)
----------
#13 Future Authoring program. Writing in my book that I am a FIT person. Living that life with my 75 Hard, but need to add a
new skill. (Thinking of.... not sure. Economics? Writing? AI? Real Estate (other area such as Appraisal license or Mortgage licence?!?)
------------
#14 Real Estate Agent's license. Need to take about 5 classes (one day 4-6h each) in the next 8 month to renew my license.
----------
#15 Started taking notes for lectures to my sons Continues.
Story on Poker and Murder.
I am writing about 20-30 minutes every day, but work gets in the way. More like 1h to 90 minutes every 3 days, but only on that 1 day.
There is a lot of history and dates that I have to research to fit the events into the correct timeline.

1a) Son's unit. A year ago the rent for this unit would have been $3700. Recent reported RE news/stats say rents are down about 9-10% since last year.
Did a total of 8 showings. Got 3 applications and have it conditionally rented now. Still have to sign paperwork, get cheques etc.
Couple with a 4y old. Both mom and dad work in Digital High tech. Dad works for WetaFX and Mom works for Sony Pictures Image works
Both have incomes over 100k. Have to arrange to store and/or move my son's furniture. It might all come back to my home.
Wife doesn't want it here I am sure, but a 10'x10'x8' storage unit costs +$200/month to rent. We have an unused 15'x15' office in my home that would do,
but my wife likes to spread her stuff out. Will update next time. Son's Move out is before Mar 13, Tenant officially moves in is on March 15, but will likely
move furniture on Mar 22 or later as they are paying rent on their current place till the end of March.
----------
2) Condo Investments.
Offered a ridiculous low price of $700k. Hoping nobody else would make an offer. Seller got 5 offers and did not respond to ours.
Will let you know how much that went for next time. ..... NEXT!! Since there were 5 offers, (4 others, my guess is that it is under contract for $828K
--------
3) Equities Investing. Same. Market up.. Market down. Tesla doing well @ 417 today.
-------------
4) Hamilton House. Nothing to report. Tenant is paying on time etc.
-----------
5) Edmonton Multifamily./Commercial Property.
Almost nothing available.
---------
6) +38days into my 75hard challenge (updates in Health and Fitness Forum)
--------
7) RE meetups: Next meetup is an all day event on the 15th.
----------
8) Detroit homes: Same No activity. Tenants are paying on time.
---------
9) Wait for the CRA
---------
10) Wainwright Storage. No update.
----------
#11) Sarnia Ontario. No update
-------
#12 Reading: Finished Reading 'Choose your Enemies wisely' by Patrick Bet-David
Reading 'Writing and Thinking.' Using bits of it to write my true crime NON-fiction.
New book is Economic Facts and Fallacies by Thomas Sowell
----------
#13 Future Authoring program. Signed up for AI in Real Estate Course. Will look into appraiser's license.
------------
#14 Real Estate Agent's license. Signed up for my first RE course to complete continuing RE education licensing requirements.
AI in RE.
----------
#15 Started taking notes for lectures to my sons Continues. Writing more and More. Up to 5 topics now with a paragraph or more in each.

Story on Poker and Murder.
Still writing about 20-30 minutes every day. I allocate the time, sometimes I can remember interesting things and write non stop. Other times
I can't remember anything or question myself on the facts. Then I wish I could ask some of my friends who where there. Unfortunately
One or more of them have died in the last 30 years.

1a) Son's unit. Paperwork Signed. Got the first two cheques.
My son has moved out all of his furniture. Was considering renting a storage unit, but that would cost around $250/month to store all of his furniture.
Decided to use a spare office in my home something like 15x12' we left a 3' corridor down the right wall to be able to access the closet and spare bathroom,
just in case. We hired movers for the day and then jig sawed it in. I actually had to draw a scale diagram and then fit all the pieces in; some had to be stacked.
Next step is move in inspection on Mar 22.
----------
2) Condo Investments. All 5 offers were rejected ! hahaha. I guess the owner was just fishing for a competition between buyers. What he got was probably 5 low offers.
Vancouver is in a condo GLUT and prices will be stuck here for the next 18 months or so. If it is still available and If I do not already made a move,
we will make another offer after 4 months, when the listing agent's representation deal is about to expire.
--------
3) Equities Investing. Same. Market up.. Market down. Tesla doing poorly @ $398 today. Everything is down except for Oil due to the war in Iran.
-------------
4) Hamilton House. One tenant has given notice. Will be moving out at the end of the month.
-----------
5) Edmonton Multifamily./Commercial Property.
Almost nothing available. No change.
---------
6) +61days into my 75hard challenge (updates in Health and Fitness Forum)
--------
7) RE meetups: Last all day meetup was good. My one key takeaway is to start liquidating my RRSP while my income is low. Because I don't need the money, it will mostly go
right back into the market BUT under my TFSA. Tax Free Savings Account (in Canada only) Essentially pay taxes on my Retirement accounts now and let them grow tax free.
I'm guessing ill get taxed around %25-35% instead of 50% 15 years from now.
----------
8) Detroit homes: Same No activity. Tenants are paying on time.
---------
9) Warehouse Company. CRA said we do not owe any taxes, but I have to keep the company account open for another FIVE months.
Reason: I spoke to the CRA and we have a $900 Goods and Services Tax rebate coming back to us. It was actually listed as a credit, so I had to call
and let them know the company is closed and to issue a cheque. Reply: Your cheque may take up to FIVE months to be issued and mailed!!
---------
10) Wainwright Storage. No update.
----------
#11) Sarnia Ontario. No update
-------
#12 Reading: Finished Reading Facts and Fallacies by Thomas Sowell Finished reading Writing and Thinking
Currently reading Psychology of Selling by Tracey
----------
#13 Future Authoring program. Completed another AI course (specializing in RE) today. Will take part 2 sometime in the next 3 months.
Look into appraiser's license. First Course, then need to do 1500 hours of practical work under a licensed Appraiser to become certified.
I also am pretty sure they charge an annual fee to be licensed. Not ruled out , still considering if it is worth it.
------------
#14 Real Estate Agent's license. Finished 6 credits. Need another 12 or so.
----------
#15 Started taking notes for lectures to my sons Continues. Writing more and More. Next topics on gambling and choosing a partner.

Story on Poker and Murder.
Have not written in a while. Contacted two friends who knew the person in question. Answers were pretty vague or just confirmed what I know.
Not much to add. Their memories are failing too!

Quick Update

a) Son's unit. Tenant moved in. All paperwork completed and the rent is being auto deposited into a new bank account set up for it. (to keep exact track of Income minus expenses)
My work here is done for the next 9 months. Next update is to assess the possibility of a rent increase 1y from now. (notice to go out 9 months from now and do a unit inspection at the same time)
----------
2) Condo Investments. Have not seen a new open house listed worthy of my time to actually go in person and view. Will keep looking
--------
3) Equities Investing. Same. Market up.. Market down. Tesla doing poorly @ $348 today. 2 week ceasefire in Iran.
-------------
4) Hamilton House. Unit that is going to be empty at end of month is already listed for rent. Will see.
-----------
5) Edmonton Multifamily./Commercial Property.
Almost nothing available. No change.
---------
6) Completed my 75hard challenge lost about 11-13 lbs.
--------
7) RE meetups: After last meeting, I met with another experienced investor and we discussed starting a new RE Mastermind group. Next meeting two days from now.
----------
8) Detroit homes: Same No activity. Tenants are paying on time.
---------
9) Warehouse Company. Waiting 120 more days for CRA cheque then will close company account.
---------
10) Wainwright Storage. No update.
----------
#11) Sarnia Ontario. No update
-------
#12 Reading: Finished Reading Writing and Thinking, Finished reading Psychology of Selling by Tracey. Also read several other books. (see Health and Fitness for details)
Currently reading Agatha Christie MM. The murder of Roger Ackroyd and 'Field Guide to Gold, Gemstone & Mineral Sites of British Columbia.
----------
#13 Future Authoring program. AI course (specializing in RE) Will take part 2 sometime in the next 3 months.
Still considering RE Appraiser's license. Also considering taking some courses in Mining Engineering and Geology as well as a Language Course.
Actively working on my healthy body and need to work on a healthy mind. This is probably where I am spending most of my time and attention lately.
------------
#14 Real Estate Agent's license. Finished 8 credits. Need another 10 or so.
----------
#15 Started taking notes for lectures to my sons Continues. Have not written much lately.

Story on Poker and Murder.
Have not written in a while. Looks like I will have to put this on the backburner until I meet and talk in person with some people that knew the situation.
I will try to remember and ask if I meet with that group of people at any time.

#7) giving a 20 minute talk about being the managing partner in a Real Estate Joint Venture tonight.
Will post next week how I think it went and if/how I could do better in the future.