Tom Karadza & Nick Karadza

November 2008 Income For Life Member Event

2008-11-20T08:52:15-05:00

Last week we held our latest gathering for Income For Life members.

We had just gotten used to our regular location in Oakville but because of the growth of these events we had to move to a new venue.

This caused a couple challenges with lighting and sound that were unexpected, but we battled through :-)

It is always great to be in a room full of action takers. In fact, we did a bit of number crunching before the event and our eyes bulged at something we discovered.

As a group Income For Life members are collecting about $211,250 per month is passive income.

Not bad right?

But to top it off we have all reached this goal in only 24 months.

And gaining momentum is the hardest thing, once you have it, opportunities start tracking you down.

See what I mean when I say being in a room of action takers is fun?

One of the new things in store for us as a group in 2009 is multi unit residential investing, think apartment buildings.

As any good investor knows when you are looking at moving forward with an opportunity you need to do some due diligence.

That is why we invited, and were happy to have Derek Lobo (President and CEO of Rock Apartment Advisors) join us to discuss some of the investment fundamentals around apartments. The information Derek covered was very valuable when looking to analyze a deal.

I saw people feverishly taking notes trying to write down every word. I've been there, my hand never seems to keep up.

Derek shed some light on how current economic times can change the type of buildings you may be looking for. And he caught everyone off guard with some real eye opening numbers around the rental populations in different Canadian cities.

We always try to spice up meetings like this with something. last time we had everyone take a picture with our mascot, Gene Simmons (more on why we chose him another time, but there are great business lessons to be taken from his experiences).

This time we thought we would help someone start living there Rock Star life right now. So we decided to give away a cruise to someone in attendance.

Why not, right?

We all deserve a getaway, and what better way to live your life on your terms than a trip to another part of the world.

After a few draws for some warm up prizes the big moment came.

Out came David Redding's name!

I think you can tell from the smile was quite happy.

We could tell David got the big picture when he shouted, "I'm living my Rock Star life" as we took the picture.

David also has a secret mission on this cruise. We can share the details with you if he returns successful. Stay Tuned!

We try to pack as much information into these events as possible and the feedback we got was that we did just that again.

Actually, some feedback was that is was a bit too much!!

I should admit something.

These events are a lot of work. It is truly a production. And for anyone that was there and saw my best Rocky impersonation (minus the fall) on Income For Life TV, you know what we mean :-)

But, we love it. The chance to connect with all the people we have been working with is great. We get to share successes, challenges, and upcoming goals.

It really is the Income For Life members that make it great and worthwhile.

There are some big things in store for all of us in 2009. It is going to be a fun ride.

That $211,250 in monthly cash flow is going to be increased again.

And it will lead to all of us living our lives, our way!

- Nick Karadza

No More Airplanes Please

2008-11-13T06:53:04-05:00

The last week has definitely been a whirlwind. We left last Wednesday morning for St. Louis, and by the end of the day we had already checked off these from our list of things to do:

- Went on a private, VIP investment property tour in north St. Louis
- Spoke at a U.S. investing event
- Developed a great new relationship with a "short sale" specialist
- Filmed some footage for the next episode of Income for Life TV!
- And got great insight into how U.S. investors are acquiring and profiting in the "new" environment

Yes, unbelievably that was our first half day!

We were locked up in a conference room from 8AM to 9PM for the next two days. We both were started to feel like we had been run over by a bus.

Then Saturday came.......

A friend at home was getting married so as any good friend would do (well, maybe) I decided to fly back for the wedding.

I flew back to Toronto Saturday afternoon and raced to the reception in the banquet hall capital of the world, Vaughn, ON. I should admit that one of the bonuses was that my wife was extremely happy to have a date for the wedding. :-)

But now what? I was in Toronto and I had unfinished business in St. Louis?

You got it, my flight left at 6:20 AM the next morning. I had to get back to St. Louis so I could trap myself in a conference room for the next two days.

We finally returned home for good on returned Tuesday morning at 1 AM from out trip to St. Louis.

Whew!! Time to take a bit of time to recover right?

Nope

We have 128 investors registered for our next Income For Life Member Only Event. The planning has to be finished to make it the best one ever.

We always want to raise the bar, and we think this could be the best one yet.

So in less than a week I was on 8 different planes with 5 different airlines.

I was very happy I could make it back for Mike's wedding but I may have found a new goal to strive for along the way.

A Rock Star jet!

- Nick Karadza

P.S. I hope you are not missing out on the event tonight. If you are, you can go here to apply online.

On The Road Again

2008-11-06T23:06:59-05:00

Holy Moley! What a busy 24 hours. Tom and I started out in Buffalo the day after the historic US election.

We were excited, but we couldn’t find a American that was.

In fact, the first three people we asked didn’t seem to care about the election at all. Can you believe it?

Even at the airport, no one was reading the paper to see any election updates or stories.

I gotta admit it was a bit of a letdown, but we didn’t give up.

Finally the concierge at our St. Louis hotel acknowledged the impact of the election. Hooray success! I just can’t believe we had to go thru Buffalo and Atlanta to find someone.

But persistence pays!! J

We spent some time with a friend in St Louis looking at some of the investments he has on the go in this ‘terrible’ American market. Looking at the numbers behind his investments I can tell you that he is taking advantage of the opportunities in front of him.

Congratulations Matt, nothing can stop you.

We will be sharing a lot of these details next week at our next Members Only income For Life Meeting. There is no better way to learn that from people actually ‘on the streets’ getting things done.

Flying tends to knock me on my butt so I was exhausted and headed back to the hotel……BIG MISTAKE!!

Tom grabbed a Rock Star drink (you can’t be surprised that we drink that brand!) to keep him going and headed off to a local investment chapter.

He ended up meeting and building a good relationship with one of the top US Short Sale experts. Ouch!!

When I found that out I was wishing I had made it, but I can tell you my body was very happy this morning with the extra sleep.

When you jam pack your schedule it is amazing what you can get done.

I can’t wait to share all this insight with the investors in Toronto.

It might sound corny, but it excites me. I love seeing new opportunities for us as a group. We are building wealth together no matter what the masses are doing.

There are definitely fun times ahead!

I love living my Rock Star life, I hope you are living yours.

Never forget, your life your way!

- Nick Karadza

Tweet, Tweet, Twitter!

2008-10-30T08:30:52-04:00

Have you heard about Twitter yet?

It's the latest installment of the social networking craze and it really answers one question. What are you doing?

Often when we speak with friends over the phone we ask what they are doing, right?

We want to see if that task has any relevance or interest to us.

Twitter takes away all the bells and whistles of My Space and Facebook and just boils it down to answering that question.

It is actually kinda cool!

And it is very interesting to see what like minded people are doing, sometimes it can even be a kick in the pants.

Check out Tom's Twitter page and you can see that he got up at 3 AM today......now do you understand how he gets so much done?

We are heading to St. Louis next week to meet with some Big Thinkers. But as usual while we are down there we will be trying to fit in as many things as we can.

We have already lined up a tour of some short sale real estate investments in the area. A friend of ours is doing an incredible job of turning the US market downturn into a money making time for him.

He is making his own reality!

If you want to see how he is doing this in real time you can follow us on Twitter and we will keep you in the loop.

You can follow me and help give me advice for my cold at http://twitter.com/nickkaradza

Or see if Tom keeps getting up at 3 AM here http://twitter.com/tomkaradza

So if you want to 'spy' on us and see what we are up to Twitter is the perfect tool.

- Nick Karadza

Can You Really Learn Something From A Hockey Game?

2008-10-23T09:06:45-04:00

Tom and I play hockey once a week in a men's league that we pay to be part of. I say that to clarify it is no where near a top level league, but good hockey none the less. (You should see Tom's slapshot with one of those new composite sticks, that is the best part of the whole game)

This crushing character to the left is our logo. From my understanding someone that had done some work at Marvel Comics designed it for us. It shows doesn't it?

An interesting thing happened at this weeks game, other than us winning :-)

It was the second period when we took a three goal lead. Almost instantaneously you could see the energy in the other team was different. They were skating slower, had less drive, and became more unorganized.

Overall, you could tell they had given up.

Then, in the third period I passed the puck up from our blue line to our player, who was already beyond centre, close to the other team's blue line. He skated in on a breakaway and scored.

If it wasn't for my great pass it would have never happend........I'm just kidding.

So we just scored and the other team starts complaining that our forward had not skated back and that during a game in which we were ahead by a few goals that is wrong.

I must admit, I was confused.

How is continually trying your best wrong? In what capacity is not giving up and making the most of an opportunity wrong?

I couldn't figure it out.

And then it dawned on me, this is exactly what happens in the world every day.

People get down a bit and automatically give up instead of trying to fight to get back into the game.

They also knock companies or people for continuing to make profits.

Let's take a step back. Isn't this 'real world' we live in just one big game?

The consequences are higher because it is your life, but the situations are the same aren't they?

If you are behind in the game, make adjustments and come out harder for the next period. Nothing is predefined, you can make a comeback.

I've gotten hammered by the recent market down turn (about 25%) of my portfolio but that is part of the game. Nothing is guaranteed. I have to make adjustments and come back, and I will.

And there is no way that I am going to sit back and compain about the people that are busting their butt to get themselves ahead, as long as it is ethical, of course.

Listen, you make your own reality! If you choose for it to be aligned with the negative headlines you see. That is what your life will be.

But I guarantee you there is opportunity for you every day you awake no matter what state the finance industry is in. Make the most of that opportunity and you have created your own reality.

Hey, I have news you might want to hear.

Others are doing it!

Don't sit back being envious and complain like a school child, get out there and make your comeback.

Lose the sense of entitlement and create, your life, your way.

Do it NOW!

- Nick Karadza

p.s. Remember, if you're looking for Real Estate Investing information, tips and guides straight from two Canadian brothers who work with Canadian Real Estate Investors investing in their own backyard sign up for the FREE Renegade News Letter by clicking here!

Can You Really Learn Something From A Men's Hockey League?

2008-10-23T08:57:25-04:00

This crushing character to the left is our logo. From my understanding someone that had done some work at Marvel Comics designed it for us. It shows doesn't it?

An interesting thing happened at this weeks game, other than us winning :-)

Overall, you could tell they had given up.

Then, in the third period I passed the puck up from our blue line to our player, who was already beyond centre, close to the other team's blue line. He skated in on a breakaway and scored.

If it wasn't for my great pass it would have never happend........I'm just kidding.

So we just scored and the other team starts complaining that our forward had not skated back and that during a game in which we were ahead by a few goals that is wrong.

I must admit, I was confused.

How is continually trying your best wrong? In what capacity is not giving up and making the most of an opportunity wrong?

I couldn't figure it out.

And then it donned on me, this is exactly what happens in the world every day.