Cash Flow Game Nights In Toronto – Episode #88

Come experience a LIVE Cash Flow Game Night!

Learn What The Rich Teach Their Children About Money And Creating Wealth…

WHAT IS THE CASH FLOW GAME?

Created by Robert T. Kiyosaki and based on his bestselling book “Rich Dad, Poor Dad”, the board game was designed to teach accounting, finance, and investing at the same time…and makes learning fun!

Looking for ways to generate residual passive cash flow? Want to get involved with real estate but unsure how? Then you should come out and play this game with other like-minded individuals.

WHY DO YOU NEED TO COME OUT AND PLAY?

Because it’s time to get out of the Rat Race that’s why! The main reason people struggle financially is because they have spent years in school but learned nothing about money. Traditional schooling, while very important, is no longer enough. We all need to understand money and how it works. The object of this game is to increase your financial IQ so you can get out of the Rat Race and onto the Fast Track, where your money works for you instead of you working hard for your money.

I invite you, your family and friends to join us! Check out the events page to see when the next game is being held.

To Your Financial Education!

Private Money & RRSPs – Episode #85

People are not aware about their options when it comes to using private money and more specifically their own RRSPs when it comes to Real Estate Investing.

You can borrow someone’s RRSPs as a debt vehicle or you can lend your own RRSPs to someone and earn a higher interest rate. This can be a big win-win for both the borrower and lender. Essentially, you can act as the bank and lend your RRSPs or as a borrower, instead of going to the bank to borrow money, you can borrow someone’s RRSPs.

We interview Marcel Greaux who is a Mortgage Agent with Dominion Lending and his specialty is working with Investors and Private Money. You can reach Marcel at 647-280-4454 or visit his website: www.TorontoRealEstateClub.com.

There are several reasons why an Investor would need to borrow private money and we discuss these reasons in our discussion. There are also many reasons why someone would want to lend their money or RRSPs to an Investor and we discuss these reasons as well.

This can be another great investment strategy for some people. As a result, I hope this episode gives you some ideas you are able to implement and benefit from.

Happy Investing!

Top Up Bungalows in East York – Episode #63

East York is one of the cheapest areas to buy bungalows that are so close to the Downtown Toronto Core. These “post-war” homes are starting at around $300,000+, you can potentially buy a bungalow and spend about $250,000 to add a 2nd storey (top up) and have it valued close to $700,000 plus/minus depending on the size and finishes. Because of this, there are many investors utilizing this strategy within East York and I can think of at least 10 active Top Ups right now. You have several exit strategies after adding a 2nd storey. To mention a few of the basic options: First, you may flip (sell) the house for a profit. Second, you may rent it out for premium rents and receive positive cash flow. And third, you may obviously choose to live in it. One of the biggest employers in the area is East York General Hospital, which is a great place to advertise for rent and find good tenants i.e. Nurses and Doctors.

Upper Beach Duplex Renovation – Episode #61

Here we are in the Upper Beaches of Toronto.  The demand here has been high and the prices are continuing to ripple up from the South. This is a typical 2-storey semi-detached house in the Upper Beaches that sells for over $500,000 as is.  Positive Cash Flow is very achievable as you can see based on this video.  The owner Nawar Naji has the plan of renovating this house into a “high-end” duplex that will net him between $700-$900 of positive cash flow every month.  He has budgeted approximately $100,000 for this renovation.  We are filming the “before shot” here and will be filming the “after shot” in a couple months when it’s complete.

Nawar Naji is a Mortgage Broker and Investor who works with Verico The Mortgage Wellness Group.  He focuses on real estate investors and understands first hand as he personally walks the talk.  Check out his website: www.gtamortgageadvisor.ca

Going Firm in The Beach – Episode #30


There is a lot of competition when it comes to putting an offer on a house in The Beaches.

How do you differentiate yourself from other potential buyers trying to bid on the same house as you?

Well….try going FIRM with all your offers!

This may sound too risky but there are things you can do before you put in an offer that will definitely protect and prepare your interests.