Mother Nature Teaches Real Estate Investors A Lesson – Episode #167

Mother Nature works her magic every day. Here is one example…It takes at least 50 years for the seeds of this pine cone to grow into a large White Pine tree as seen in this video. Slowly but surely this tree will become one of the largest pine trees in the province of Ontario.

In the language of Real Estate…It can take close to 25 years to have your mortgage paid off in order for you to own your home free and clear. This is a wonderful strategy by leveraging your money so you can afford to purchase a home. If you purchase an investment property such as a duplex or triplex, again it can take you close to 25 years to pay off the mortgage when you only put a down payment of 20%. The rest of the mortgage is paid by your tenants over the next 25 years.

Imagine that! You plant your seed (your down payment) and watch it grow for the next 25 years until you have a mature tree (free and clear home). Will you have some bad weather along the way? Yes of course, but the bad weather only makes you stronger in the end. So please remember that this is a long term investment. If you are patient enough you will reap the rewards and become very wealthy.

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.