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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.

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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.

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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.

 

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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

Kitchener Waterloo is a High Tech Powerhouse

So says Canadian Real Estate magazine, which just profiled Kitchener Waterloo, Ontario (’The Technology Triangle’) for their March/April 2008 issue. Canadian Real Estate is a new magazine for homebuyers and Real Estate Investors.

I was interviewed for the story, which you can read below, and even cooler, two of my clients were profiled. Chris Baxter and Adam Franklin were interviewed for the piece, and both are great examples of investors from across Canada (Guelph and Port Coquitlam, BC respectively) that are focusing on Kitchener Waterloo for their real estate investment portfolios.

You can read the article in the Scribd viewer below, or download it in PDF format at this link.

3 Things To Look For Before You Invest in a Condominium in Kitchener Waterloo

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 – our thriving community in Southwestern Ontario – especially at this attractive, accessible entry level price point.  How do you, the investor, separate the duds from the great investment opportunities ?  Let me help you.

Here are 3 things you need to look at before you make the decision to invest in a condo:

1) Location Location Location!

This is the #1 non negotiable aspect of a real estate investment, whether it’s a condominium or a student complex.  A client of mine just put a complex under contract at a prime corner a stone’s throw from WLU (and yes, I have the arm to make that throw – I was a pitcher in little league) in Waterloo.  There is an intrinsic value in the location of a property that you can’t change later on. 

Some of my favourite investments are on the outskirts of the city, where lots of growth and development is taking place. 

There are also some great opportunities for equity growth in the city centre, an area that is seeing lots of rejuvenation.  There are several new projects downtown that are attractive, and one of them is right across the street from the brand new  (still under construction) University of Waterloo Downtown Kitchener Health Sciences Campus and a satellite campus of the McMaster School of Medicine, and the University of Waterloo School of Pharmacy

2) Age & Condition

I typically like condominium complexes that are less than 25 years old.  There are some older complexes in good shape, but often the older buildings have higher maintenance and repair fees.

Interior cosmetic condition of the unit (paint, flooring, decorations etc) isn’t such a big concern for me – I like a condo that needs updating! I can get a better price on it than a unit that is staged and presented properly.  Once I update it, I’ll be able to generate more revenue from the unit, raising the value, and my cash flow.

Amenities of the building are important to consider – while a pool, exercise room and guest suite might be amenities you’re happy to pay for when you’re living in a condo community, they aren’t usually things you want to pay for your tenants to use (high end complexes excluded).  Buildings with these amenities will usually have condo fees that are hundreds of dollars higher than condos without them. 

3) Financial Health of the Condominium Corporation

When you invest in a Condo in Ontario, you’re buying part of the condominium corporation, and a specific interest and title in that condo unit. If you buy a condo in a complex that is not financially well managed, they corporation may come to you (as an owner) and demand a ‘contribution,’ which is likely allowed under the specific by-laws of the corporation. 

What you want to look for is the Reserve Fund – this is cash set aside for repairs and maintenance, including planned and unplanned work.  A corporation should be able to provide you with a reserve fund study, and an accounting of what has been spent in past years, and what is budgeting for future years.

This information will be contained in the Status Certificate for the condo.  This certificate, which is a series of documents, costs $100 and has to be purchased anytime you buy a condo in Ontario.  It contains information on the corporation, it’s directors, by-laws, governing documents, articles of incorporation, special addendums, financial documents, possible minutes from past Annual General Meetings of the Board of Directors etc.  Some Status Certificates will contain more than others.  Allow 10 business days to receive this, and then another day or two to review it with your lawyer.

You’ll want to read over, and understand, the operating budget of the corporation.  If there is zero money budgeting for snow removal….  better buy a good shovel

Whenever you’re buying a property you need professional representation and advice.  When you’re investing your hard earned investment capital – often your nest egg -  this is even more critical.  Buying and owning a condominium is different than a standard ‘freehold’ property (where you solely own the property), and you need someone to guide you through the intricacies and ensure your profit is being maximized.

There are currently great opportunities in the Kitchener Waterloo Condominium market – if you are interested in increasing the rate of return on your equity, email me right now to set up a Free 30 minute investment consultation.

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New Report Released About Kitchener Waterloo Real Estate

 

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

Kitchener Waterloo and Cambridge are Attractive Cities

A new report just released by the Conference Board of Canada has ranked Waterloo Region as one of the most attractive mid sized metropolitan areas in the Country.  Canada’s Technology Triangle put out this news release with a comprehensive summary of the report:

Canada’s Technology Triangle, Waterloo Region, December 12, 2007… The area known as Canada’s Technology Triangle (CTT) – Waterloo Region, Cambridge, Kitchener and Waterloo – today was ranked high among mid-sized metropolitan areas in the Conference Board of Canada’s first ever report, “City Magnets: Benchmarking the Attractiveness of Canada’s CMAs”.

The report seeks to measure the attractiveness to people of each of Canada’s CMAs on the premise that attracting talent and the business investment they encourage is critical to Canada’s competitiveness in the decades ahead.

The Kitchener CMA – the Waterloo Region minus Wilmot and Wellesley – ranked high among Canada’s mid-sized metropolitan areas and ninth overall out of 27 CMAs. The Kitchener CMA (Waterloo Region) is especially favourable for offering a wide range of employment opportunities within its communities. It is also an area known for being a strategic and competitive location in which to invest.

The Waterloo Region ranked in the top five in many individual categories including number of innovations patented, quality of housing stock, lowest crime rate based on drug crimes and criminal code violations per 100,000 people, household access to recycling, density of population per square kilometer, highest productivity, best employment rate, and Gross Domestic Product per capita.

The Waterloo Region also has an excellent track record in attracting new people and talent. As noted in the report, the Kitchener CMA attracted the sixth strongest flow of net new migrants per capita between 2002 and 2006. Also in terms of population growth between 2002 and 2006, Waterloo Region ranked fifth among the 27 CMAs with the Kitchener CMAs population growth at 8.9% versus a national average of 5.4%.

The report also acknowledges that the larger CMA’s – especially the ‘Big Six” with populations over a million – are much more likely to score highly based on the survey’s metrics.

Combined with the recent CMHC report showing that the vacancy rate in Waterloo fell to 0.9%, it’s no wonder investors from across Canada are turning their attention to this region. 

I’m just helping a client of mine from British Columbia put his second rental home in Kitchener Waterloo under contract.  Instead of buying a condo for $500,000 or  $1,000,000 in Vancouver or Whistler, he’s decided to buy condo’s for $120,000 and $160,000 in Waterloo and Kitchener.

I have helped him put together a Wealth Building team here in Waterloo Region, including a property management firm that looks after screening & qualifying tenants, and dealing with maintenance issues. 

If you have always known you should be investing in an area with more growth but hesitated because you didn’t live close enough to a growth region, contact me today to discuss how my Wealth Building team can help you acquire property here.  You’ll be a property owner, instead of a landlord. 

I always tell my clients "Live where you want, but invest where the numbers make sense."  Call me today to discuss how your equity can be working harder for you in snowy Waterloo Region, while you’re lounging comfortably by the water or the mountains.

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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 North America helping them build wealth through smart real estate investments.

Benjamin is hosting a FREE Millionaire Real Estate Investor workshop January 10th, 2007 from 7-8:30PM. Registration is free in advance, or $5 at the door. Call or email Benjamin Bach today to register, and learn how you can start your Real Estate Investment portfolio.

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

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

Facebook for the over-65 crowd

Seth Godin shares this image, originally found via Daan.

Related Reading: Facebook, Friend or Foe ?

Entourage Clush Lists California Home for Sale

Anna Farris has put her lower Nichols Canyon (in Los Angeles, California) home on the market for $ 1.995 million USD.  Anna most recently played herself in a 3 episode arc in Season 4 of Entourage where she was Eric’s "clush" – a client crush. 

The virtual tour can be found here.

Want to make a quick Billion?

Start a Web 2.0 company

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