Scott Mcgillivray — Meet the Man Who Sets the Rules in ‘Scott’s Vacation House Rules’

Scott Mcgillivray — Meet the Man Who Sets the Rules in ‘Scott’s Vacation House Rules’

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Speaking with Hoss magazine in February 2015, McGillivray opened up about his inspiration behind starting a real estate and house remodeling business.

The TV host shared he got into real estate when he was in university, "I was a Bachelor of Commerce and Business student and in my third year, I was struggling to find a topic to do my final midterm paper on, and you know I was looking at all the businesses I didn't know, make a business plan and analyzed supply and demand gaps."

He continued explaining that he was simultaneously looking for a place to live, but he had difficulty finding a property. And that is when he realized it could be a good business to start.

Afterward, McGillivray put all his energy into analyzing the plan, doing the numbers, and interviewing people in the industry.

"When I was sitting down with the mortgage broker, actually doing a case study, I got pre-approved for a mortgage and that's when I realized I'm like I could actually do this," he added.

He then used part of his student loan as a down payment to invest in the properties and, later on, rent them to students and other people looking for a house.

His hard work eventually gave results, as he had 25 properties when he was 25 and became a licensed contractor by the age of 26.

Marcus Vance
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Marcus Vance

Marcus Vance is a cybersecurity auditor and technology writer dedicated to educating the public about online safety, data privacy regulations, enterprise security, and emerging cyber threats.