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 - […]
January 21, 2008 – 8:34 am
That’s the question I found myself asking after completing a quick analysis I did for a client looking to invest some equity in the Kitchener Waterloo Real Estate market.
With an initial $30,000 to invest, coming from non-performing equity ("dead money") in their principal residence, we have a few options. Naturally, we want to pick […]
October 17, 2007 – 8:30 pm
About a month ago I met a new client of mine, a very smart young guy. He bought his first real estate property 3 years ago for about $175K, put some ’sweat equity’ into it, and it’s worth about $250,000 today. My mortgage broker Jeff Reitzel had an approval in hand to refinance […]
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 […]
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 ?) […]
Top 10 Reasons to Invest in Kitchener Waterloo Real Estate
1. Low Interest Rates - currently we have very low interest rates - although there is a slight upward trend right now - which makes NOW a great time to invest.
2. Great prices - In the past month, I’ve helped clients buy investment properties for $118000, […]
This past week I had the pleasure of spending two days learning with internationally acclaimed speaker (showman?) and Keller Williams University faculty member Rick Barnes. Among the many things Rick taught me was The Power of One.
The Power of One is the Pareto Principle (or the 80/20 rule) taken to the extreme. Instead […]
Real Estate Investment Myth #1 : “‘I can’t buy that property because I don’t have a (big enough) downpayment”
This past week I had the good fortune of helping a client buy the real estate investment property they are currently renting in. It’s really a great story how it all came about.
The Reitzel team in […]
December 18, 2006 – 7:40 am
Interesting Q&A going on over at Inman News:
Q: “We are purchasing a $400,000 home that we want to finance with a 30-year fixed-rate mortgage. While we can more than afford the cost of a 20 percent down payment, I would prefer to keep my money in my investments instead. I was thinking of financing 100 […]
December 17, 2006 – 4:57 pm
10. You’re ready to stop paying your landlord’s mortgage payment, and start building wealth of your own.
9. You could use the property tax and mortgage interest deductions.
8. You want a vested interest in your community.
7. It’s mid-August and you can no longer tolerate waiting for your landlord to send someone to fix your air conditioner.
6. […]
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