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New Real Estate Blog & Finding Best Deals

Did you know the Kitchener Waterloo Real Estate Investment blog has moved to a new home at BenjaminBach.com ? Go there to check out our latest videos, articles, and investor tips.

Our latest video talks about how a Real Estate Investor can get the best deal.  Follow this link to watch the video

Investor Alert - Hot Condo Opportunity

Hey -

Remember those condo’s I was talking about a while back ? They were finished in 2008, have a great Kitchener location close to shopping, transportation, and the highway, rented for good cash, had high quality building materials - and, oh yea - sold out quick?

I’ve fielded at least a dozen calls and emails from investors and agents looking for more of these units. Until now I’ve had to turn them away and tell them I couldn’t help them.

Can you keep a secret ? On Wednesday one of these condos is hitting the MLS - Multiple Listing Service - the first unit to be resold on the MLS since the builder sold off all the units.

This condo is in great shape and would make an excellent first investment, or a great addition to a portfolio that already is working hard for you.

Since this condominium complex is recently built, it is partially exempt from the Rental Increase Guidelines contained in the Residential Tenancy Act, meaning you will be able to adjust the rent to market once a year, not just raise it 1.4% or 1.8% (the 2009 Guideline). This makes it more even more appealing than an older rental unit that is subject to the guidelines.

We expect to see heavy activity on this listing, since the surrounding area (Stanley Park) is very desirable, especially with the bungalow floorplan this condo unit offers.

The area hasn’t seen new condos built in a rather long time, so the demand was high when they first hit market, and the residual demand is still there.

My recco to you: If you’re interested in investing in this opportunity, call or email me today before the condo hits MLS and people who want to buy it to live in it start calling me too.

PS - If you’re one of the lucky people who happens to already own a unit here, call me - we have investors looking to buy ‘em. I’ll buy the coffee, and I think you’ll like what I have to say.

View our other Real Estate Investment Property listings here

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing
can make you wealthy. Benjamin works with people from all across
Ontario and Canada and the world helping them build wealth through
smart real estate investments.

Benjamin is a Sales Representative, and runs the
Wealth Team at Keller Williams Golden Triangle Realty in Kitchener
Waterloo. He’d love to answer any questions about buying, selling and
owning a residential, or income & investment property in the
greater Waterloo region.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007

October Real Estate Market Update - Kitchener Waterloo Prices Rising

What’s going on in the Kitchener Waterloo real estate market?
This questions was just posed to me by an investor from Vancouver, British Columbia who has turned her investment attention to the Waterloo region. She asked:

What’s going on with vacancy rates, housing prices, and sales volume?

Great question - and we’ll be answering it here this week. Today, we look at prices in Waterloo region, specifically the 4 Kitchener Waterloo Multiple Listing Service (MLS) areas.

Kitchener Waterloo’s Favourite Real Estate Agent* wants to show you how Real Estate Investing can make you wealthy.

Benjamin works with people from all across Ontario and Canada and the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love to answer any questions about buying, selling and owning a residential, or income & investment property in the greater Waterloo region.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

*Gold Award, Kitchener Waterloo Record Readers Select Awards 2007

Great Kitchener Waterloo Real Estate Investment Opportunity

Great Investment Opportunity - Legal Licensed Student Lodging House for 5
Moneymaking Student House

When Investing in Real Estate, the sage advice is Location Location Location!
Well, location doesn’t get any better than this for a student rental property.

268 Hemlock is a legal licensed house for 5, so close to WLU you can see it.
Located between Conestoga College’s Waterloo Campus, Wilfrid Laurier Univesity and University of Waterloo, there are over 50,000 students within a short walk of the home.

If you have a child that going to school here now, or may be attending one of these schools in the next 5-10 years, investing in this student home now will allow you to have a great home for them to live in with 4 friends when they go to school, plus you’ll benefit from owning a prime located real estate investment!

Why would you pay for residence, or rent that is paying off another investor’s mortgage, when you could be profiting from being an investor in the great student real estate market in Waterloo ?

The property is currently fully rented until August 2009, and tenants pay all utilities.If you`d like more information on this property, and to schedule a private tour, email or call Benjamin today at Benjamin@BenjaminBach.com or 519 570 4447.

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing
can make you wealthy. Benjamin works with people from all across
Ontario and Canada and the world helping them build wealth through
smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at
Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love
to answer any questions about buying, selling and owning a rental,
income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

 

Real Estate Investing 101: Understanding NOI

Real Estate Investing can appear complicated at first, if you don’t understand all the jargon that experienced Investors (or those that try to sound experienced) use on a daily basis.

Today, I’ll be explaining what the <b>NOI</b> - or Net Operating Income - is, and why you need to know what it is before you start acquiring investment properties in the Waterloo region.

When you’re buying a house, apartment building or any piece of real estate as an investment to generate cash flow, you need a way to determine what the income is. If you don’t know this, you won’t understand how much, if any, cash flow this particular rental home will generate for you.

Net Operating Income is simply the property’s operational revenue <b>less</b> operational expenses.

Operational expenses are expenses that are incurred by virtue of owning and running the property. Operating expenses include water, gas, hydro, utilities (if paid by the owner, not the tenant) as would the Property Tax, normal Maintenance & Repair, cost of insurance etc. It usually will not include mortgage payments - or debt service payments as they are often called.

For example. You own a rental property in Kitchener Waterloo, Ontario that is rented for $2,000 a month. The property tax is $200 a month, the tenants pay all utilities, Insurance is $75 a month, and Maintenance and Repair is budgeted at $50 a month (all numbers have been pulled from thin air by me). You manage the property yourself, so you don’t incur a management fee.

Your Gross Rental Revenue is $2,000 x 12 (months) = $24,000
From this we deduct a vacancy allowance of 5%, or 1200

Net Rental Revenue = 22,800

Operating Expenses:
Annual Tax = 200 x 12 = 2400
Insurance = 75 x 12 = 900
Maintenance = $50 x 12 = 600

Total Operating Expenses = 3900

Net Operating Income = 22800 - 3900 = $ 18,900

Are You Still Waiting to Learn the Way to Wealth ?

Good news for you - there are five seats left for tomorrow night’s free Millionaire Real Estate Investment workshop.

If you want to build real wealth for your family, you need to attend.

If you want to learn how to grow your own asset base and cash flow, register right now (click here!).

Anyone can do it, not everyone will. Will You?

 

WHEN: Thursday May 15th, 7:00-8:30pm

WHERE: The Keller Williams office, 871 Victoria Street North, Kitchener Ontario

Click Here Now To Register

What are Real Estate Investors buying in Kitchener Waterloo ?

The age old question: What to buy ?

It applies to real estate as much as anything else. Once you’ve decided to invest in real estate, you need to figure out what sort of properties you’re going to acquire. />

Some of my clients buy houses, student rentals, apartment buildings etc., but recently more and more of my clients have been investment in condominiums in Kitchener Waterloo, Ontario.

Several of my clients have just bought rental units in a brand new condo complex, well located near major amenities and the expressway.

These units are priced at $168,900 and offer a chance to invest in a “roomy 3 bedroom condo with a large 4 piece bath, with an open concept living room, and eat in kitchen with ceramic floor and brand new appliances.

In-suite laundry in a spacious utility room is included for your tenants convenience.” (Thanks for the write up Darryl)

Curious about the rental rates in this area of Kitchener? The market rent for these units is $1200/mo + utilities, which is providing my clients a comfortable level of cash flow, depending on their initial investment (down payment) and mortgage financing terms (mainly interest rate & amortization), and great prospects for appreciation.

Most of the complex has been bought by people moving into the condo’s to live, and the Stanley Park neighbourhood of Kitchener is very desirable. The condo complex is walking distance to Tim Horton’s, Sobey’s, McDonald’s, the LCBO, Banks, and other retailers.

If you are interested in how your cash flow would look if you invested in one of these rental condos, email me and we’ll look at your situation and analyze the property together.

These units are going quickly - contact me today if you are finally ready to take advantage of an opportunity to build wealth.

–

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada - and recently, the world! - helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying, selling and owning a rental, income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

Looking for a beautiful apartment condo to rent in Kitchener Waterloo?

Lucky for you, my clients have three beautiful homes for you.  All three are centrally located near all amenities, and are brand new.  There are three different models available - including a 1 level bungalow, and a 2 level, 2 bathroom model.  Some units include a second parking spot as well.

"Enjoy this brand new, never lived in Executive Condo. Quiet, yet close to schools, shopping, parks, and the bus route. Easy access to Stanley Park Mall and Hwy 7/8 and within walking distance to Tim Horton’s, Sobey’s, McDonald’s and lots of other stores.

 

Enjoy the comfort of this roomy 3 bedroom condo with a large 4 piece bath, and relax after a long day in your open concept living room. In-suite laundry in a spacious utility room is included for your convenience. Controlled entry is provided into the building for your piece of mind.

The condo is furnished with a brand new Fridge, Stove, Washer, Dryer and Dishwasher and has Central Air for those hot summer nights."

 

These condominiums are the nicest rental units I have seen this year - brand new, never lived in before.  Lots of windows.  Rent is between $1200-$1275, depending on which unit and number of parking spots.

If you’ve seen other units, contact me now to see these units.  You’ll love them.

 

Do you have an apartment for rent you’d like to see advertised here ?  Contact Benjamin and we’ll feature your rental unit on our site.

–

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada - and recently, the world! - helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying, selling and owning a rental, income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

Have a Kitchener Waterloo Investment Property to Sell ?

Naturally, you want the best Realtor to sell it for you. 

You want someone to sell your property for the highest price, and as quick as possible.

You don’t want your building sitting on the market for years, like so many do.  Right ?

 

That’s why you want to call Benjamin Bach - I sell buildings faster, and for more money* than anyone else

 

I just helped my clients sell a 31 unit apartment building in Kitchener, Ontario for 100% of our asking price, after only 4 days on market.  The building is now sold, firm.

 

There is a reason I am Kitchener Waterloo’s Favourite Realtor** - I help my clients get amazing results.  When you’re talking investment real estate, that translates into real dollars into my client’s bank accounts. Cha ching!  That’s why people hire me, time and time again.

If you have a building to sell in Kitchener, Waterloo or Cambridge, call me today.  I’ll help you get it sold.

–

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from across Ontario, Canada (and recently, the world!) helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying, selling and owning a rental, income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

*Kitchener Waterloo MLS 2008 Sales of Residential Buildings over $1 million; Days on Market, List / Sale Price Ratio

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

Millionaire Real Estate Investment Workshop - Live In Kitchener Waterloo Tonight

There are still 5 spots left for my workshop tonight, where I’ll be sharing models and systems that Millionaire Real Estate Investors use to build real wealth.  You can register right here, for free.

If you dream of a warm, abundant retirement, but aren’t sure how you can get from where you are, to where you want to be, need to register right here.  

You can retire by the beach if you want - you just need to start your plan now.

You can check out video from my recent workshops here, on WealthTV.

Anyone can do it, not everyone will. Will You?

WHEN: Tuesday March 11th, 7:00-8:30pm

WHERE: Keller Williams offices, 871 Victoria Street North, Kitchener Ontario.

 

–

Kitchener Waterloo’s Favourite Real Estate Agent* wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from across Ontario, Canada (and recently, the world!) helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying, selling and owning a rental, income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

*Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

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