February 23, 2008 – 10:38 am
Over the last two years, clients have been investing in residential condominium apartments in the $110,000 - $160,000 range, 750 - 1000 square feet, usually 2 bedrooms & 1 bath (but sometimes two baths) and renting them out to stable, long term tenants for between $850-$950 a month.
There are many condominiums in Kitchener Waterloo - […]
November 29, 2007 – 11:08 am
I was talking with a client of mine recently who is looking to invest some of her equity into the US Real Estate market.
This begs two questions:
1) Why would a Canadian invest in American Real Estate?
2) How can a Canadian start investing in American Real Estate?
Lets look at the first question:
The glaring answer is […]
October 24, 2007 – 10:41 am
This year I’ve been dealing with an increasing number of clients from British Columbia. They love the west coast weather and lifestyle, but don’t like the prices of local investment real estate. In contrast to the $120,000 condominiums and $250,000 new single detached family homes available in Kitchener Waterloo, Ontario, prices in Vancouver […]
October 11, 2007 – 7:00 pm
Real Estate zoning and allowed uses can be a tricky subject. This week I have been dealing with small income properties in Kitchener Waterloo with a few clients who previously had been investing in single family properties.
One property we looked at was a legal non-conforming triplex. What does that mean ? Is it […]
October 2, 2007 – 11:17 am
A lot of people come to me talking about the ‘gross rental multiplier’ on a single family home, or about how important it is to get maximum cash flow, or how they won’t look at properties under a certain capitalization rate.
Poor planning is the downfall of many would be investors. Maybe they don’t know […]
October 1, 2007 – 9:59 am
It used to be that you could work for a company for 45 years, and retire with a pension to meet your needs, and a gold watch to match.
Nowadays, there is no such thing as job security, and and any pension or government funded retirement plans are likely not enough to keep you living the […]
September 12, 2007 – 11:28 am
Last week at Toastmasters, our club president gave a speech about Registered Education Savings Plans (RESP).
He determined that the cost of a 4 year post secondary degree, away from home, will be well over $100,000 in 15 years (he estimated as high as $180,000, but that may have been a US statistic). The RESP […]
August 30, 2007 – 9:58 am
Back when I was working in a large financial management brokerage (which means I was working with a team of stock brokers), I remembered being shocked at how small people’s portfolios were when they approached retirement.
A very common situation was:
Married couple, sixty years old
Making $100,000+ year combined
$500,000 in RRSP and other stocks, bonds and mutual […]
That’s right, it’s time for another one of my famous Millionaire Real Estate Investor workshops, where we explore proven models for building wealth and helping people reach and exceed their retirement goals.
You will learn how Millionaire Real Estate Investors have built wealth; see the long term difference between investing in stocks and real estate; learn […]
On Monday, Sarah and I closed on an ‘investment-grade’ condominium in North Waterloo. There were some mild theatrics associated with the closing (i.e. where was the other side’s lawyer on Friday when we were to close the deal? Canoing ? Lawn bowling ? Enjoying a lazy Friday afternoon at Morty’s ?) […]
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