I'm done with jobs - let's talk money.

[Stratego]

[exploited]

[Philly]

As far as buying properties and renting them out - it can be a great source of revenue but it can also be a total nightmare. Unless Canada's laws are drastically different from what he have here, you're going to need some additional cash on hand just in case. Your tenants have legal rights to all sorts of housing standards, and if something gets f**k up or an expensive thing needs replaced, it's on you to do it and do it quickly. I know people who made great side income with very little hassle renting out apartments, but I know others who ended up constantly dealing with headaches and sinking all their profits into fixing and replacing shit that kept getting f**k up. Again, this will depend on how things are set up in your neck of the woods, but around here the housing courts are all super pro-tenant, so even if you make sure everything is up to snuff before you rent a place out, it wouldn't be surprising at all if 2 months later when everything is wrecked that you're the one legally obligated to pay for repairs.

[Stratego]

[The Comrade]

Higher the rent the nicer the place needs too be though

[Philly]

Probably makes more sense to do a background check on potential tenants and housing court cases are public information so you can check if they've ever had a legal dispute before and what it was about. If they have a history of suing or being sued over repairs needed, you may want to reconsider. Then again, there ARE slumlords who let their building go to shit and legitimately need to be sued to force them to make the necessary repairs. There's a bit of a controversy here in NYC because landlords have created a housing "blacklist" which can be referenced to see if the potential tenant has ever been to housing court. Many, regardless of the circumstance, will not rent to anyone who has ever gone to housing court, even if they were clearly in the right when they went. They don't want to rent to someone who knows their rights and is motivated enough to actually go to court if they're getting screwed.

[Stratego]

[John Galt]

you don't even have a mic

i dunno, hourly at tim hortons? isn't that what all you people do?

[foadi]

dont pay attention to the slum lord suggestion. class d multifamily is a full time job. they can be cash cows, but you're money is not liquid either, you're basically stuck dealing w bullshit all the time.

as far as suggestions for you, i dunno. does canada have task rabbit? my friends in the bay area use it for work and make like $30-40/hour with it. just a bunch of dumb random jobs here and there. if you have a newish car, maybe doing uber or sumptin part time for a little more money?

i agree with your sentiment that working a real full time job and saving for retirement is stupid. thats why i dropped out of college and have just been working seasonally my entire adult life.

[foadi]

http://en.wikipedia.org/wiki/TaskRabbit

looks like taskrabbit is only in a few cities, and not in canada. maybe do the entrepreneurial thing and make a clone of them in canada? and the take over their shit in the US.