Archives for September 2013

Urea Formaldehyde Foam Insulation (UFFI) – Episode #165

It is rare to find Urea Formaldehyde Foam Insulation (UFFI) in a house these days, but when you do…should you be concerned?

Well, for starters, this video shows you what UFFI looks like.

Secondly, UFFI has had a negative stigma in the past and therefore warrants some education.

Here are some articles that offer good information:

UFFI clause has outlived its purpose

UFFI – Putting the record straight

 

How To Add Value With a $10,000 Renovation in Leslieville – Episode #164

We are back in the Trenches with Jeff Reed!

This is the “after video” of how Jeff was able to add FIVE TIMES the value with his $10,000 renovation budget in Leslieville.

Here are the top four things he focused on that added the most value:

1.  Garbage removal and cleaning

2.  Converted a mold infested cold room into a modern and stylish open bar with exposed brick and video, audio, and light enhancements

3.  Painting the entire property with popular and sophisticated colours

4.  Fixed four roof leaks that many buyers were not willing to touch

The key is knowing your market and who your potential tenants and buyers will be.  If you can learn this you will always have food on the table.

To watch the “before video” please click here: Episode #163 – Can You Make Money With a $10,000 Renovation Budget in Toronto

And here is the video of when Jeff first bought the property: Episode #147 – Approaching The Trenches Again With Jeff Reed

Real Estate Investing in Toronto can be very lucrative and it can offer an abundance of opportunities.  Jeff Reed is a renovation specialist who does this full time and educates people how to renovate and flip houses.

If you want to see other videos that Jeff and I have filmed in the Trenches I have listed them below or go to my website http://www.BeachInvesting.com and type in Jeff Reed in the “Search Bar”:

Episode #47 – Renovating a Prime Beach House
Episode #55 – Tales From The Trenches With Jeff Reed
Episode #57 – Exposed Brick Walls
Episode #59 – Plumbing Inspection in a Home Built in 1885
Episode #65 – Concrete Pouring Day
Episode #75 – The Roof Is Off
Episode #82 – Managing Neighbours During Renovations
Episode #89 – Learn How To Flip Houses
Episode #101 – Converting a 400k Home Into a Million Dollar Home

Episode #147 – Approaching The Trenches Again With Jeff Reed

Can You Make Money With a $10,000 Renovation Budget in Toronto – Episode #163

We are back in the Trenches with Jeff Reed!

This is a “before video” of a potential $10,000 Quick Flip in Leslieville.  Jeff plans to renovate this property with a budget of $10,000 and hopefully increase the value to make some profit.  Can he do it?  Watch this “before video” and then watch the “after video” so you can find out the outcome.

To Watch the “after video” click here: How To Add Value With a $10,000 Renovation in Leslieville – Episode #164

Real Estate Investing in Toronto can be very lucrative and it can offer an abundance of opportunities.  Jeff Reed is a renovation specialist who does this full time and educates people how to renovate and flip houses.

If you want to see other videos that Jeff and I have filmed in the Trenches I have listed them below or go to my website http://www.BeachInvesting.com and type in Jeff Reed in the “Search Bar”:

Episode #47 – Renovating a Prime Beach House

Episode #55 – Tales From The Trenches With Jeff Reed
Episode #57 – Exposed Brick Walls
Episode #59 – Plumbing Inspection in a Home Built in 1885
Episode #65 – Concrete Pouring Day
Episode #75 – The Roof Is Off
Episode #82 – Managing Neighbours During Renovations
Episode #89 – Learn How To Flip Houses
Episode #101 – Converting a 400k Home Into a Million Dollar Home

Episode #147 – Approaching The Trenches Again With Jeff Reed

 

Albert Einstein Best Advice – Episode #162

What advice would you give your 20 year old self?

On a personal level, I am sure I can think of a number of valuable lessons to share.  But on a financial investment level there are a few very important things I would highly recommend.  I have been investing since 2005 and have experienced several challenges and successes along the way.  Many were valuable lessons in which I wish I knew back then.

If there were only three pieces of advice I can go back and tell my 20 year old self this is what I would say with respect to financial investing:

1.  Buy in your College and University years (I am 34 years old right now and I would have been 14 years ahead of the game).  Albert Einstein once said: “The most powerful force in the Universe is compound interest”.  This little piece of advice alone is probably the most powerful.

2.  Buy in the “best” locations – you will not regret it in the following years.

3.  Find someone who can help you (build your team of trusted advisors – they will be a huge asset in your following years).