I posted here a few days ago. Somehow the post did not stick. Will try to remember what I wrote.

1) Rental Management: No action.
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2) Delta Warehouse, Tenant did not make a payment this month.. $5800 still to go. Will write them an email today.
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3) Equities Investing. After $247 purchase,.. dropped to @12 and almost got a margin call. Tesla back at $258 so im Ok. Will plan to sell some index funds if we get close to a top and sell maybe a 1/10 per month. It is not a lot, but I know WB and Michel Burry are piling up the cash.
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4) Hamilton House. Sent email to PM. Rent was not paid to me in August. Leak in the basement needs to be fixed.
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5) Edmonton RE. no Action.
Las Vegas Still looking at daily email properties.
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6) Realtor License. Finished field assignments. One last zoom class and i'm 100% done.
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7) RE meetups: Went to two meetups in the last month.
Got a photo with my hero Janet LePage. I invested in one of her Western Wealth Capital Projects and was at an investor appreciation event.


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8) Detroit homes: One SFH needs a new roof. Pests have been trapped and removed from that house. will cost $6500 for new roof.
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9) Vancouver Warehouse. Need to updated tenant on Dust issue and send them a copy of the AGM minutes.
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10) Wainwright Storage. Approx 60 units in this property. had 15 vacant when we purchased it. Was told it is 100% occupied.
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#11) Sarnia Ontario. Apartment. Got an offer of $2m for this property. Had a meeting with the other investors. We voted to sell. Number of actions we need to take and add to a counter offer. GP will act and update.
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#12 Mostly Harmless Econometrics book, Stuck on page 30 . Finished Shoe Dog. reading Brideshead Revisited, I think i may have read this before?!? Need a new business book to read. Signed up for Math 100 differential equations. need to refresh my memory. Will need to take linear algebra and statistics to get through the required linear regressions needed for Advanced Economics. Math 100 and 101 are prereqs.
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#13 Wrote 3 more sections of the Future Authoring program. Every 3 days or so I write about 10 minutes.
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#14 NEW. I opened up my old Poker Starts account. I am a loosing player so far. approx 9000 hands and -$150. I think the real work is coding and making notes on bad players. The biggest problem is that you cannot JUST sit and wait for a specific table with bad players. Now PS forces you to play at a random table while you wait for table X with the cash machine player.

Almost getting margin called should be unacceptable to you.

It isn't 100k pmni or bust, right? You should give at least a nod to $x total wealth. Total wealth spends better than mni.

I have/manage different 5 accounts with Tesla Shares in them. 2 for my Wife and 3 for me. RRSP, TFSA and Margin Trading account.
I have 600 shares of Tesla in my Margin account, which is less than 1/4 of my Tesla holdings.
Getting margin called means I have to transfer funds to that account, which is not an issue, other than I have to break a short term GIC.

No not really. 100k pmni was just an out of this world goal I set for myself. If I end up 14 years from now making 50k per month net income I won't complain.
All of the goal setting and motivational videos that I watch encourage you to visualize a goal way out there. If I had to set a Wealth goal that relates well to the
100k pmni, it would be about 30-40M? It all depends on what you set as your cap rate.
I do not remember if I was including appreciation of equity paydown on mortgages that I make payment on.

not much happened in the last Week as I was on Holiday in Seattle for 4 days. Went to PAX (gaming) and the Nintendo Live convention.

1) Rental Management: No action.
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2) Delta Warehouse, Tenant did not make a payment last month.. $5800 still to go.
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3) Equities Investing. No action.

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4) Hamilton House. Sent Utility bill for August to the PM.
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5) Edmonton RE. no Action.
Las Vegas Still looking at daily email properties.
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6) Realtor License. Missed my last zoom class. Will have to reschedule. The zoom class managed to be in direct conflict with my first in person classes at UBC.
I have signed up for Math 100 and Econ 310 this semester. Will need to take more math next semester as well.
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7) RE meetups: Next meetup is Monday Sept 11.
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8) Detroit homes: Wired funds to my PM for a new roof on one of my SFH.
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9) Vancouver Warehouse. Need to updated tenant on Dust issue and send them a copy of the AGM minutes.
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10) Wainwright Storage. No action.
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#11) Sarnia Ontario. Apartment. No update on offer or counter offer.
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#12 Got a new book to read. From third world to First by Lee Kuan Yew. About the PM and history of Singapore. Highly recommended by Charlie Munger.
on Page 34.
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#13 Future Authoring program. Every 3 days or so I write about 10 minutes. No update.
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#14 Poker Starts account. No Update.

Ah, I assumed that since you did some typing about it that it was an actual concern.

My goals are set differently, but they fit my personality and I am happy with them. I think I watched part of a motivational video once when I was very young and it wasn't my cup of tea. Some people who are not me seem to feel they are helpful.

$30m in investable net wealth should easily result in $1.2m annual geometric average returns. The current risk-free rate alone would net you more than that, and presumably as one willing to take on risk (and do what seems like a lot of work) you have and will be getting quite a few percentage points over that on average.

You should. A change in your guestimate of valuation minus the easily looked up remaining mortgage balance minus any deferred maintenance is kind of extremely important.

You should also include unrealized gains/losses in your investment accounts. For bad human emotion reasons, people often avoid doing this and it leads them to making more very silly investment decisions than they otherwise would and this costs them a ton of money.

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6) Went to my first classes. Math 100 and Econ 310 this semester. Simple stuff so far. The only hard part is logging on and getting set up to do assignments and quizzes online.
I am so old school. Everyone comes to class with labtops. I go with a pen and notebook!
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7) RE meetups: There is a paid event on today called land rush. I should go. Next meetup is tomorrow Monday Sept 11.
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8) Detroit homes: Wired funds to my PM for a new roof on one of my SFH.

Installation of $6500 roof in Detroit. With my PM Shea Woods.
https://www.youtube.com/watch?v=NOp8ijpCwtM
View from the roof starts around minute 5:00
Hardworking Mexican crew on the job in Detroit!
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#11) Sarnia Ontario. Apartment. 2M offer is firm. The only changes are that we upped the deposit after subject removal to 50k. And we removed the discussion of the buyer taking on our super low 1.5% mortgage (expires July 2025 but would take the buyer 6 months to go through all the bank's hoops to assume it.)
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#12 From third world to First by Lee Kuan Yew. Excellent book i'm on paget 70 or so.
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1) Rental Management: No action.
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2) Delta Warehouse, Emailed the tenant and the tenant made a payment this month.. $4800 still to go.
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3) Equities Investing. I have been selling small portions of my index funds over the last three weeks. This is very small dollar value, but I feel that the market capped and is going down now. This is following a number of investors that I respect selling down holdings and stockpiling cash, including Warren Buffet. Have a large GIC maturing on Oct 25. If I start investing again, it will be because the market has taken a sharp downturn otherwise I will put most of it back into another short term GIC.
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4) Hamilton House. Approved some small repairs.
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5) Edmonton RE. no Action.
Las Vegas Still looking at daily email properties. The market is coming down. I am specifically looking at 3 bed 2 bath or 4 bed 2 bath SFH. They typically list for 300k unrenovated or 350k renovated. Recently the prices have been dropping say 290-340k now.
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6) Realtor License. Completed final zoom meeting and am free and clear for the next 18 months, when I need to re-license.
I am really enjoying my classes at UBC. Math 100 and Econ 310 this semester adds structure to my week and makes it seem like I am "doing something."
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7) RE meetups: Next meetup is Tomorrow Wednesday Sept 27. Topic is insurance and how to increase your real estate holdings.
Next week Oct 4. meeting on how to become a hard money lender.
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8) Detroit homes: No update
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9) Vancouver Warehouse. Sent email to tenant on Dust issue and send them a copy of the AGM minutes. The Strata is planning to have the parking lot professionally cleaned 6x per year. I think they are also building a case for nuisance in court and want to charge the neighbor for the clean up costs.
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10) Wainwright Storage. No action.
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#11) Sarnia Ontario. Apartment. Accepted offer. The subject removal date is mid October and 50k deposit will be due if everything is good. Buyer will not be assuming our low 1.5% mortgage. The agreement is subject to him obtaining a 1st mortgage with his own bank.
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#12 From third world to First by Lee Kuan Yew. Page 400 very interesting book and history. I never knew how much communism 1960-1990 was in politics in SEA (South East Asia) because it is not in our sphere of news.
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#13 Future Authoring program. Every 3 days or so I write about 10 minutes. No update.
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#14 Poker Starts account. On hold mostly because I am back to school. I study math and econ now instead of poker hands.

Ok.,, quick update as was off for three months.
#6 took over my life for a while. I was a kid all over again. This time sitting in the front row, re-learning derivatives and trig identities. Finished my exams.

1) Rental Management: No action.
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2) Delta Warehouse, Emailed the tenant and the tenant made a payment this month.. $2800 still to go.
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3) Equities Investing. All in GIC's of various amounts and durations at approximately 6%!
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4) Hamilton House. Approved new hot water heater. $3500 bill for the work.
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5) Edmonton RE. no Action.
Las Vegas Still looking at daily email properties. Going to Las Vegas in January. Will meet with a Property management company there. All the videos I watch say don't buy anything now, prices are still dropping.
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6) Math 100 and Econ 310 Exams finished. Looking at Math 101 and Econ 311 for January.
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7) RE meetups: Went to a bunch over the last three months. Added maybe 10 new contacts to my Linkdin Page.

Me and Dave Steele from Western Wealth Capital at an Investor appreciation event. The lighting is bad and I look FAT.. haha.
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8) Detroit homes: Not much to report. the House with the new roof was rented for 1k/m.
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9) Vancouver Warehouse. No Issues to report
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10) Wainwright Storage. No action.
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#11) Sarnia Ontario. Apartment. Accepted offer. Fell through. Subjects did not get removed. AGM for this investment group is tomorrow.
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#12 Was reading mostly my Econ and math text for last 3 months. Other than that I am reading Popular delusions and the Madness of Crowds. I am hoping to understand why people go berserk over Bitcoin etc.
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#13 Future Authoring program. No update. Other than here I grind in silence.
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#14 Poker Starts account. Still on hold.

1) Rental Management: No action.
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2) Delta Warehouse: Tenant has not made a payment for 3 months now.. $2800 still to go. The only good thing about this is that since it is under 5k, If I have to, I can get this resolved in the CRT.
CRT=Civil Resolution Tribunal. The fee is under $150 and has the same weight/authority as if it went to regular court. You usually do not bring a lawyer to this. It all depends on how good your paperwork is and how much you can show you attempted to resolve the dispute on your own. In this respect, I am solid. I have done it before and know what is expected. My lawyer friend just says be patient, they will pay. If I do go this route, I will probably start in July.
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3) Equities Investing. have not done much recently. Just sitting on GIC's waiting for a good investing opportunity.
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4) Hamilton House. more small fixes, otherwise nothing of note. Rents paid by tenants on time.
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5) Edmonton RE. no Action.
Las Vegas Still looking at daily email properties. Went to Las Vegas in January. Met with a Property management company there. Nevada is investor friendly which is a +. I visit there once in a while so visits can be written off while looking for investment opportunities. Prices are still dropping.
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6) Math 101 and Econ 311. Actually have put this at the top of my list, equal with exercise and 20k steps per day. Studying and exercising every day.
Got up at 5:20 am this morning and was on the treadmill at 5:30. Studying is taking up all my free time now.
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7) RE meetups: Went to a bunch over the two months. Topics are same old stuff. It is the stories and contacts that I am going for now.
I invested with another developer that I met here. Just a small investment to start another long term relationship.
The property is a development in Langford B.C. Have not broken ground yet.
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8) Detroit homes: Nothing of note to report. Rents all being collected on time.
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9) Vancouver Warehouse. Had a meeting with the partners this last week to discuss what to do with the warehouse. The lease ends at end of May and tenant did not give a formal notice to extend the lease, so we have an option to end it and sell the property. There is a decent lift in valuation over the last 4 years. Conclusion of meeting is to prepare a new lease and continue with current tenant. They did give a verbal indication they would like to stay. I will see what happens.
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10) Wainwright Storage. No action.
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#11) Sarnia Ontario. Apartment. We still own the property and the mortgage will be reset in about 12 months. No action yet. we will have another meeting in 2 months to see what the investors would like to do.
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#12 Currently reading Liar's Poker. Excellent book that reinforces my belief that banks/investment brokerages (bond traders) are friction and make money from investors ignorance.
A very good thesis of why I am studying Econ is on P218-219. X was reported in the news. link Y to X. X will cause Y in three months. Buy Y now.
It could be all nonsense, but the Idea is there. Ie. Increase in EV sales.. EVs need nickel. Buy small Nickel producers in North America now with currently low PE ratios... I did last year.
EV sales could go bust so we will have to see on that one.
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#13 Future Authoring program. Have not had to update as I am still grinding in silence.
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#14 no more poker.

why no more poker? just lack of time or desire?

More lack of time than desire, although, poker was not on the top 10 list to start off with. I got back into playing because my son started playing and I wanted to have an updated version of this topic to be able to discuss it with him. We only discuss hands that were difficult to play. He plays about 1/4 as much as before and has replaced it with more meet-ups with his friends, so no need for me to keep playing.

1) Rental Management: No action. Will have to help out my sister and BIL soon. (not paid)
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2) Delta Warehouse: Tenant has not made a payment for 4 months now.. $2800 still to go. One of the two companies that owes me the $ emailed me and is trying to get the other to pay up.
Will keep an eye on this. As before, if no payment by June (6mo) I will probably start the claims process in July.
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3) Equities Investing. Same Just sitting on GIC's waiting for a good investing opportunity.
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4) Hamilton House. One tenant moved out at the end of March. Listed and looking for a new tenant.
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5) Edmonton RE. Las Vegas RE. No Action, just continuing my research.
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6) Math 101 and Econ 311. Last week of classes starts tomorrow. Should be ok. I hired a tutor for some help in Math.
The beginning of wisdom is knowing that I am old and slow at math.
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7) RE meetups: going to a meetup tomorrow.
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8) Detroit homes: Nothing of note to report. Rents all being collected on time.
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9) Vancouver Warehouse. No replies from the tenant on staying. They have 7 more weeks in this current 3y lease. Will email them in 2 weeks if I do not hear anything.
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10) Wainwright Storage. No action.
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#11) Sarnia Ontario. Apartment. No action/meetings yet.
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#12 Currently reading The history of William the Marshall, an English Knight; the most capable and honorable knight of his time. around 1200.
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#13 Future Authoring program. Grinding in silence. The long term goal is a PhD. i am still at 30% on the goal.
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#14 New topic. Real Estate Agent's license. I had my first deal accepted today; 2 weeks after I was asked to represent a buyer. It was my first deal. Mid 7 figures!
Item 3 and 5 may be put on the back burner as i am going to open houses with my eldest son; 25y. He will be 26 in August and he will likely purchase his first
home at the end of this year or beginning of next year. I will be helping him with the down payment instead of making another RE investment. The property and
mortgage will be in his name. My second child is 23 and is 3years from being in the same position. I have discussed the long term plan with him/them and it is
to buy a 2+2 (2 bed, 2 bath) with all the first time home buyers programs and advantages, and live there for 6-12 months. After 6-12 months, move back home
and rent the place out. He can save maybe 50% when living on his own and 80-85% of his income when living at home.

Just discovered your thread, interesting to me and the level of detail you provide.

I can chime in on the insurance thing (not sure if you were serious)….you likely couldn’t do that for 2 reasons:
1. You need to have an insurable interest, like the studios do in the actor being there for them to finish their project. It’s easy for them to prove, would be a challenge for you to prove to protect your stock.
2. You would need the insured, in this case, Elon, to sign off, authorizing that there is a policy being taken out in his name. That would prove to be a very large hurdle would be my guess. The studios probably have the actors sign off, and that’s probably very common and that industry.