Hiatus – Off to Chase My Dreams

I will continue to take a hiatus from this blog and crowdCONNX as I focus more fully on writing my second book, The Walls Have Painted Eyes: The Story of the Mural Artworks of Michelle Loughery Building Connections within Communities and People.

In the mean time I hope you all find meaning and purpose in your life, read good books often and takes steps to secure your finances. I know I will be.

Screen Shot 2016-09-02 at 10.44.02 AMWith that in mind I recommend Tony Robbin’s Money Master the Game: 7 Simple Steps to Financial Freedom. I am half way through it, have received a wake up call and loads of inspiration and advice from the masters themselves. You can also take my advice and invest in real estate as I have, plus support me on my journey but purchasing a copy of my first book The Bartender is Your Landlord: Why the Wealthy Elite Invest in Real Estate and How Anyone can Join Their Ranks. 

Take care of yourselves,



Up to 50% Off! For a Limited Time Learn Why You Should Invest for the Price of a Latte!

Get your Kindle version of The Bartender is Your Landlord: Why the Wealthy Elite Invest in Real Estate and How Anyone Can Join Their Ranks for only $3 or the paperback for $5.95 and learn how YOU can become a landlord and secure your future financially. This is a limited time offer so click the link or book cover to learn how while sipping on your latte.


Coverage Ratio is an Excellent Indication of a Solid Investment Property

bartenderlandlordcoverCoverage Ratio is always my favourite indicator for the health of a possible real estate investment property. There are two main reasons for this.

The first is a good coverage ratio shows that the property’s income is enough to both cover it’s historical and projected expenses as well as the mortgage (principal and interest payments) without the investor having to fork out more of his or her own money.

The second reason is that the bank or mortgage broker looks at the coverage ratio as one their primary guides for loaning applications. They will of course look at you and your financial strength as well. You can seriously improve your chances of receiving your loan at the most favourable rate if you arrive with your numbers in hand with a beyond satisfactory cover ratio worked out in advance. This small exercise will set you miles apart from the average real estate investor that sits before them.

So what is a coverage ratio? Coverage ratio is your net income (income after all bills are paid) divided by your total debt services (mortgage interest plus principal). So if your net income was $1000 and your total debt services was $800 you would have 1000/800=1.25 or a coverage ratio of 1.25.

Today banks and mortgage brokers are typically looking for 1.2 to 1.3. I recommend you go in with something much higher. At least 1.5 if possible.

You can find a 7 step guide to real estate investing on our company site www.skopikinvestments.com which highlights the various steps we recommend you take. You can also check out my book The Bartender is Your Landlord: Why the Wealthy Elite Invest in Real Estate and How Anyone Can Join Their Ranks for reasons why I think everyone should and can invest invest in real estate.

Watch “Rich Dad Poor Dad – Robert Kiyosaki’s Top 10 Rules For Success” on YouTube

If I was to sum this up in one word it would be Bravo! I learned so much about money, Investments, the value of a dollar in this one 16 minute video then in the past 54 years in my life. I never heard the facts about money and investing  presented in this way before. […]


Rich Dad Poor Dad by Robert T. Kiyosaki – The Book That Changed How I Understand Money

I picked up Rich Dad Poor Dad by Robert T. Kiyosaki on the advice of a good friend who I eventually went into business with. I can say with certainty that Rich Dad changed my life for the better. I will admit though, I hesitated nearly a year before reading it… Like many others I viewed this book as a self-help book with all the negative connotations those who are afraid of change use to keep themselves stuck. I cannot thank my friend enough for breaking me of that habit.

Screen Shot 2016-03-08 at 9.55.59 AMThe basic understanding Mr. Kiyosaki displays in this quick read is one of assets versus liabilities and how to use assets to escape the rat race. This book is both informative and entertaining. It is by no means a chore to read; as many other financial books can be. I highly recommend this book to anyone who feels trapped in their job. This is not a guide book with all the answers, but it will give you the boost you need to get moving into a direction that will be both more fulfilling and financially rewarding.

I have read many other books since Rich Dad yet it remains the one that helped me make the greatest change in how I perceived my life and further how I choose to live it.


First Post = First Book

It seems fitting that my very first post should be a plug for my very first book. The Bartender is Your Landlord; Why the Wealthy Elite Invest in Real Estate and How Anyone Can Join Their Ranks is me trying to inspire other regular guys like me to take their financial future into their own hands through investing, particularly by becoming a landlord. This book is not so much a how to as a why to. I hope you enjoy it and begin the process of securing your future today.

Future posts will be anything from reviews of books I have enjoyed, to philosophies, poetry, wine or restaurants I have enjoyed; as well as updates on my future books.

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