3. @volitionproperties
www.volitionprop.com
Filming and Photography
By taking part in this event you grant the event organisers full rights to use
the images resulting from the photography/video filming, and any
reproductions or adaptations of the images for publicity or other purposes
to help achieve the group’s aims. This might include (but is not limited to),
the right to use them in their printed and online publicity, social media,
press releases and funding applications. If you do not wish to be
photographed please inform an event organiser.
4. @volitionproperties
www.volitionprop.com
Legal Disclaimer
Today’s event is provided for general informational purposes only and does
not constitute financial, investment, tax, legal or accounting advice nor does
it constitute an offer or solicitation to buy or sell any products, financial or
otherwise, referred to. Individual circumstances and current events are
critical to sound investment planning; anyone wishing to act should consult
with his or her advisor before doing so.
6. @volitionproperties
www.volitionprop.com
Agenda
● 9:00am -10:30am
○ Introductions
○ How to analyse real estate as an asset class
● 10:30am - 10:45am - BREAK
● 10:45am - Noon
○ Where is the best place to buy?
○ When is the best time to buy?
● NOON - ONE HOUR LUNCH AND NETWORKING
7. @volitionproperties
www.volitionprop.com
Agenda
● 1:00pm - 2:30pm
○ How can I quit my job? How does real estate help me retire?
○ Is it all about the numbers/ROI?
● 2:30pm - 2:45pm - BREAK
● 2:45pm - 4:30pm
○ Financing Fundamentals
○ Insurance Fundamentals
○ Accounting Fundamentals
○ Expert Panel
○ Case Studies
● 4:30pm - NETWORKING
11. @volitionproperties
www.volitionprop.com
Don’t forget to make notes on these gems
● T.I.M.E.
○ The four areas of risk when investing
○ Is it TIME to invest in Toronto??
● The cashflow myth
○ Cash flow is the biggest deal!
● Real People, Doing Real Stuff
● Case Studies
12. @volitionproperties
www.volitionprop.com
Our intention for the day
● EVERY SINGLE PERSON to walk out of here understanding:
○ Why Toronto
○ What properties make sense
○ How to get started
● EVERY SINGLE PERSON having learned at least ONE tip/strategy that
will make them more money or save them more money
43. @volitionproperties
www.volitionprop.com
Waterloo to Toronto
● Kept expanding in Waterloo - reached 21 doors
● Started investing in Toronto GTA
○ Townhouse, condo, duplex
● Two major things happened
○ Pain in the ass factor - student rentals - Headache adjusted ROI
○ Proper analysis of investments
■ Role of cash flow
■ Overall ROI
50. @volitionproperties
www.volitionprop.com
Richard Tartaglia - Financing Expert
● Richard is a top performing Mortgage Agent who is passionate about
real estate investment. His success is attributed to referrals from
satisfied investors who have benefited from his strategic advice to
mortgage financing. Richard often stresses the importance of the
Blueprint approach to stay ahead of our consistently changing real
estate and lending environment.
● With a degree in Economics from McMaster University coupled with
over 8 years of banking and mortgage brokering experience, Richard
brings a very strong understanding of the mortgage financing
industry to the table.
● Richard is a winner of Scotiabank’s “Best of the Best” award on three
separate occasions. He was awarded Mortgage Alliance’s Masters
Club award in 2017, Elite Club award in 2018, and President’s Club
award in 2019 for attaining Top 5% in production, out of agents
across Canada.
51. @volitionproperties
www.volitionprop.com
Dan Tetzlaff - Insurance Expert
● Dan Tetzlaff oversees the Hub Ontario region real estate practice.
He manages over $5,000,000 in insurance real estate premiums and
has 10 years’ experience at the age of 35.
● Dan specializes in rental properties, Rent to own, student housing,
construction, surety, and large complex real estate schedules.
● Dan is partnered with some of the most prominent real estate groups
in Canada including the Canada Landlord Association, REIN, OREIO,
REITE club and many others.
● He lives in Leslieville with his wife and 2 young children.
52. @volitionproperties
www.volitionprop.com
Colton Hoekstra - Accounting Expert
● Colton is a tax accountant that works in the real estate division
for BDO Canada LLP.
● He has been working in the public accounting industry for 3
years working with both the tax and assurance teams.
● Colton is currently enrolled in the tax specialists program with
CPA Canada.
56. @volitionproperties
www.volitionprop.com
We Make Toronto Work (our new tagline!)
● Certified Real Estate Investment Advisors
● Toronto’s Exclusive Investor Realtor for REIN Buyer’s Group
● REIN Silver Investment Award, Bronze Investment Award
● Nominated for REIN’s Highest Award (Michael Millenear Leadership Award)
● $25M+ in personal holdings over 50 doors
● President’s Award, Chairman’s Award, Top Producer Award, New Homes Sales Award, Top 1% of all Realtors
in Toronto, etc
● Featured in Canadian Real Estate Investment Magazine
● Speaker at International Real Estate Investment Conferences, Expert panelist at numerous real estate events
● Run the largest & most active Meetup group
● Etc., Etc., Etc.
● The point is… we’re qualified. And only ~50 other Investor Realtors in Toronto (out of 50,000) are as qualified
as we are to help investors.
● And NO ONE ELSE in Toronto provides a complete end-to-end solution... all the services you need under one
umbrella in order to be successful.
134. @volitionproperties
www.volitionprop.com
Toronto mitigates Tenant Risk
● Major urban areas attract the best
tenant profile - Millennials
● Young Professional Millennials
○ university educated
○ $60-80k
○ Work in the downtown core
● Want to live / work / play in the
same area
● Don’t want to commute
137. @volitionproperties
www.volitionprop.com
Investor Risk
● Do you know what you’re doing?
● Are you a local expert?
● Do you have a team to execute?
● What business models works in your area?
● What doesn’t work in your area?
● Who is your target demographic and how
are you servicing them?
139. @volitionproperties
www.volitionprop.com
Toronto mitigates Market Risk
Major urban areas are more resilient to
changes in the market
● Diverse economy vs small single
industry town
● Job growth
● Economic growth, service based
economy, head offices, well paying
jobs
140. @volitionproperties
www.volitionprop.com
Toronto mitigates Market Risk
A great economy leads too...
● Immigration
● Population Growth
● Low Vacancy Rates - less than 1%
● Lower cap rates = lower risk
Here’s some data to support this claim
that Toronto mitigates market risks
150. @volitionproperties
www.volitionprop.com
Capitalization Rates - What do they mean?
● Everything isn’t equal
● If one property is cash flowing $1000 vs
$100 - there is a difference, you just
haven’t found it yet.
● Tenant profile? Local market conditions?
Single industry dependence? Declining
fundamentals?
WE ARE NOT SMARTER THAN THE MARKET
152. @volitionproperties
www.volitionprop.com
Estate Risk
● Are you buying the right investment property?
● 99% of “investment” properties DON’T WORK.
● Making sure you’re buying in the right areas.
● You can’t just say “Toronto”. You have to be
specific.
● What are you looking for in a
neighbourhood/area?
○ Gentrification
○ Transit
○ Infrastructure
164. @volitionproperties
www.volitionprop.com
But I still want to time the market!
● It’s not about timing the market, it’s about TIME IN the market.
● But if you want to time, time for buying spring. Why?
○ Finding good deals always the hardest thing in investing in any market
○ As a buyer, you want to be primed for maximum choices
○ Spring market starts in January!
○ Construction, if required is best done during the warm months.
169. @volitionproperties
www.volitionprop.com
The Evolution of Investors
Stage 2 - MAXIMUM Cashflow
● Get some education and decide
that Cashflow is King
● Many investor do it the detriment
of all else
● Where many investors are stuck
170. @volitionproperties
www.volitionprop.com
The Evolution of Investors
Stage 3 - Understanding the ROLE of
cashflow
● Allows you to hold for the long
term - so equity can be built
● How does cashflow indicate risk?
● How does cashflow compare to the
rest of your real estate returns?
● When is cashflow important?
172. @volitionproperties
www.volitionprop.com
Cashflow = Hold for the long term
● The role of cash flow is to allow you to
continue to hold your properties for
the long term, thru the ups and downs,
so that you are not forced to divest at
the wrong time.
175. @volitionproperties
www.volitionprop.com
5% Appreciation and $2000 Cash Flow
Value of Property $1,000,000
Down Payment 20%
Annual Interest Rate 4.00%
Years 25
Payments Per Year 12
Mortgage Amount $800,000
Appreciation 5.00%
Total Periods 300
Rent Increase 5%
Monthly Cash Flow $2,000
Final Property Value $3,466,845
Final Equity Built $4,443,095
176. @volitionproperties
www.volitionprop.com
7% Appreciation and $500 Cash Flow
Value of Property $1,000,000
Down Payment 20%
Annual Interest Rate 4.00%
Years 25
Payments Per Year 12
Mortgage Amount $800,000
Appreciation 7.00%
Total Periods 300
Rent Increase 5%
Monthly Cash Flow $500
Final Property Value $5,692,214
Final Equity Built $5,936,276
178. @volitionproperties
www.volitionprop.com
Don’t buy negative cashflow
● Do not buy negative cash flowing properties
○ Can’t handle a dynamic investing environment
■ Property Expenses - Repairs, utilities, etc.
■ Market Changes - Rental control changes
○ Not scalable
■ Would you invest in a business that lost more money
the larger it got?
Cash flow is important but not the expense of all else!
190. @volitionproperties
www.volitionprop.com
The Volition Way
● Buy $1.4M triplex
● Wait 4 years
● Refinance
● Go buy another one
● Wait 8 years
● Reach 50% LTV
● Sell off half, pay off the mortgage of the other half
What’s the result?
● SHORTER AMOUNT OF TIME
● LARGER PORTFOLIO
● MORE CASHFLOW
● (...but more work)
● More on this later.
198. @volitionproperties
www.volitionprop.com
Get an Investor Realtor - Not Uncle Joe
● If you wanted to learn more or talk
more about real estate investing,
who do you talk to?
● If you wanted to invest in real estate,
most real estate agents will go “OK
GREAT!! Let’s go buy you a condo!”
● Get a customized plan that is specific
to you and your situation. This is
NOT a one-size-fits-all.
200. @volitionproperties
www.volitionprop.com
Richard Tartaglia - Financing Expert
● Richard is a top performing Mortgage Agent who is passionate about
real estate investment. His success is attributed to referrals from
satisfied investors who have benefited from his strategic advice to
mortgage financing. Richard often stresses the importance of the
Blueprint approach to stay ahead of our consistently changing real
estate and lending environment.
● With a degree in Economics from McMaster University coupled with
over 8 years of banking and mortgage brokering experience, Richard
brings a very strong understanding of the mortgage financing
industry to the table.
● Richard is a winner of Scotiabank’s “Best of the Best” award on three
separate occasions. He was awarded Mortgage Alliance’s Masters
Club award in 2017, Elite Club award in 2018, and President’s Club
award in 2019 for attaining Top 5% in production, out of agents
across Canada.
203. @volitionproperties
www.volitionprop.com
Dan Tetzlaff - Insurance Expert
● Dan Tetzlaff oversees the Hub Ontario region real estate practice.
He manages over $5,000,000 in insurance real estate premiums and
has 10 years’ experience at the age of 35.
● Dan specializes in rental properties, Rent to own, student housing,
construction, surety, and large complex real estate schedules.
● Dan is partnered with some of the most prominent real estate groups
in Canada including the Canada Landlord Association, REIN, OREIO,
REITE club and many others.
● He lives in Leslieville with his wife and 2 young children.
206. @volitionproperties
www.volitionprop.com
Colton Hoekstra - Accounting Expert
● Colton is a tax accountant that works in the real estate division
for BDO Canada LLP.
● He has been working in the public accounting industry for 3
years working with both the tax and assurance teams.
● Colton is currently enrolled in the tax specialists program with
CPA Canada.
213. @volitionproperties
www.volitionprop.com
What to buy at $350k of capital
● Wait, who has $350k lying around?
● HELOC, Refi, RRSP’s, JVs, etc.
● No one has $350k lying around and no
one should have $350k uninvested!
214. @volitionproperties
www.volitionprop.com
An example of what to buy - $350k of capital
● Turnkey triplex
○ Purchase Price - $1.4MM
○ Initial Investment (Down, Tax, Closing) - $333k
○ Rents - $6500
○ Expenses - $1100
○ Mortgage Payment (3.3%, 30yr am) - $4,905
○ Monthly Cashflow - $495
222. @volitionproperties
www.volitionprop.com
Luxury Triplex
Conversion
Turnkey Triplex Condo Preconstruction
Condo
Small Town
Tenant Profile A+ A+ A+ A+ F
Short Term
Headache
F A- A A+ F
Long Term
Headache
A+ B+ A A F
Short Term ROI A+ A- C C C
Long Term ROI A+ A B- B- D
Affordability F C A A+ A+++
Pros New, Cashflow Own land Entry-level $150k Deposit structure Cheap, Cashflow
Cons $800k+ required $350k+ required Cashflow is hard at
20% down
Can’t get rent or sell
in the short term
Higher risk
Overall A A- B+ B+ D
224. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow – 3 Questions
THE THREE MOST IMPORTANT QUESTIONS
Where are you at?
● Existing properties: ?
● Household income: $200k
● Cash $90k, Stocks, $25k, RRSP $10k
Where do you want to go?
● “Want the flexibility to work when I want to (contract
work, retire early, do something else, etc.)”
● Think: FORM
● Goals: $5000/month ($60,000/year)
When do you want to be there?
● When? They don’t know. (But they should know!!).
Typical answer. “I don’t know what is realistic to
expect” is a very common response.
● You need clarity on this!!
225. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow – Step 1
Step 1: Analyze their portfolio at 80% LTV
● Maximum equity takeout
○ Tommy condo:
○ Gina condo:
● Cashflow after refi
○ Tommy condo:
○ Gina condo:
● Total capital after refi:
226. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow – Step 2
Step 2: Acquisition Phase
● Determine what their capital can buy
● Determine mortgage qualification ability
● ASSUMPTION FOR THIS SCENARIO
○ Triplex, $1.2M, $500 cashflow
● Run financials & cashflow for all properties:
1. Property #1
2. Property #2
3. Property #3
4. Property #4
● ARE WE CLOSE?
○ Cashflow: ??
227. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow – Step 3A
Step 3. Choose Your Own Adventure
Scenario A – Lazy Approach
● Wait 12 years.
● What happens during this time?
○ Property Value
○ Rents
○ Interest Rates
○ Inflation
● Run financials & cashflow for all properties according to
assumptions:
1. Property #1
2. Property #2
3. Property #3
4. Property #4
● ARE WE CLOSE?
○ Cashflow:
○ Net Worth:
228. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow – Teaching Moment
TEACHING MOMENT!!
● Point of this session?
○ Tips & tricks??
● Variables to Play with
○ Time
○ Appreciation
○ Interest Rates
○ Rent growth
● What is the MOST important variable?
● Key Learning Takeaways
○ Role of Cashflow
○ Importance of Time / Getting started early
○ WHY the “Lazy” scenario may be a good one for
you?
229. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow – Step 3B
Step 3. Choose Your Own Adventure
Scenario B – TAKE MASSIVE ACTION Approach
● DOUBLE YOUR PORTFOLIO IN 4 YEARS
● THEN SELL HALF
● PAY OFF MORTGAGES FOR MASSIVE CASHFLOW
230. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow – Step 3B Equity Takeout
Step 3. Choose Your Own Adventure
Scenario B – TAKE MASSIVE ACTION Approach
● IN 4 YEARS, DO EQUITY TAKEOUT
● What is Value, Mortgage, Equity Takeout, Cashflow for:
● Property #1
● Property #2
● Property #3
● Property #4
● ARE WE CLOSE?
○ Cashflow:
231. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow – Step 3B Double Portfolio
Step 3. Choose Your Own Adventure
Scenario B – TAKE MASSIVE ACTION Approach
● DOUBLE YOUR PORTFOLIO
● For simplicity sake, assume that you're buy the EXACT
same property that you did refinance.
● What is Value, Mortgage, Equity Takeout, Cashflow for:
○ Property #1
○ Property #2
○ Property #3
○ Property #4
○ Property #5 (SAME AS PROPERTY #1)
○ Property #6 (SAME AS PROPERTY #2)
○ Property #7 (SAME AS PROPERTY #3)
○ Property #8 (SAME AS PROPERTY #4)
● ARE WE CLOSE?
○ Cashflow:
232. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow – Step 3B Wait
Step 3. Choose Your Own Adventure
Scenario B – TAKE MASSIVE ACTION Approach
● WAIT 8 YEARS.
● What's the magic of 8 years? (Assumption of 5%
growth)
● You are aiming to get to 50% LTV.
● What is Value, Mortgage for:
○ Property #1
○ Property #2
○ Property #3
○ Property #4
○ Property #5 (SAME AS PROPERTY #1)
○ Property #6 (SAME AS PROPERTY #2)
○ Property #7 (SAME AS PROPERTY #3)
○ Property #8 (SAME AS PROPERTY #4)
233. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow – Step 3B Divest
Step 3. Choose Your Own Adventure
Scenario B – TAKE MASSIVE ACTION Approach
● DIVEST STAGE. SELL OFF HALF.
● What is Value, Mortgage for:
○ Property #1
○ Property #2
○ Property #3
○ Property #4
● What is Net Proceeds after (proceeds after Realtor &
Capital Gains)
○ Property #5
○ Property #6
○ Property #7
○ Property #8
234. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow - Step 3B Pay off
mortgage
Step 3. Choose Your Own Adventure
Scenario B – TAKE MASSIVE ACTION Approach
● PAY OFF MORTGAGES OF THE OTHER HALF.
● (Assume that it lines up)
● What is Value, Mortgage, Rents, Cashflow for:
○ Property #1
○ Property #2
○ Property #3
○ Property #4
● Total Cashflow:
○ Does this fall short / meet / exceed goals?
235. @volitionproperties
www.volitionprop.com
Journey to $10k Cashflow – Teaching Moment
TEACHING MOMENT!!
● This is a more aggressive of a scenario.
● Limiting factors
○ Refi mortgages
○ Acquisition mortgages
○ DON’T WASTE MORTGAGES ON SMALLER
CHEAPER PROPERTIES (i.e. outside Toronto)
● What is the watershed moment?
● Variables/factors:
○ Appreciation
○ Interest rates?
● Doesn’t have to be this prescriptive. Customize it for
yourself:
○ 4 years to double
○ 8 years to 50% LTV
○ Sell off half, pay off mortgages
● BEWARE:
○ The “Myth” of Cashflow
○ Pitfalls?
238. @volitionproperties
www.volitionprop.com
Sign up for Advisory today!
● If you end up working with us, you get your
money back on today’s ticket!
● 60 Minute Advisory Consultation
● We will help you determine
○ Where you are at
○ Where you want to go
○ Help you build a customized plan to get there
● Sign up with Janny and her team
255. @volitionproperties
www.volitionprop.com
Is now the right time to invest?
● Sound real estate investment strategies are based on long term returns
and are not reliant on market timing
● Ming’s Favourite Saying: “...............”
● Long term investing is critical - here is why
259. @volitionproperties
www.volitionprop.com
How to eventually live off your cashflow?
● The Multiplier effect is how you get to lots of doors or significant cash
flow
● Whenever you hear about someone who has 20+ doors, this is how it
was done
262. @volitionproperties
www.volitionprop.com
Where do I invest?
● 4 areas of Risk
● What the best place to invest in?
● Look at your customer - target demographic
○ Why is this the best demographic
● Look at long term appreciation of the property
○ Transit
○ Job Market and population growth
263. @volitionproperties
www.volitionprop.com
This even applies to your personal residence
● My personal residence
○ Investment Pros
■ Yonge and Sheppard
■ Near public transit, access to highways, school
■ Bought land not house
■ Duplex
○ Investment Cons
■ Low rents compared to downtown
● Purchased for $500k. Now worth $1.5MM
● Original rent was $1000 now rents for $3800
Hinweis der Redaktion
We get asked all the time “Are you agents?”. Yes, we are agents, but we are so much more than that. We are not just service providers, we are SOLUTIONS providers. What I mean by that is that we provide EVERYTHING you need under our umbrella in order to for you to successful in your real estate investments.
What makes us qualified to stand up here before you speaking to you about investing in Real Estate? We could very well be a bunch of hacks, right?
Bunch of other awards as well. President’s Award, Chairman’s award, Top Producer award, top 1% of all Realtors in Toronto, etc. But we’ll skip forward. This isn’t about us, it’s about you.
Our mandate is enabling YOU and supporting YOU in your real estate journey. Keep this in mind… because I want to ask it again at the end to see if you think that we are (or can be) “the eraser” for you. The team who is blazing the trail before you, removing obstacles for you, helping you move forward.
$350k gets you a turnkey triplex at $1.4M with $6700 in rent and $500 cashflow. And in 12 years, that is... $5k of cashflow. Not bad, right? BUT HOW CAN WE DO BETTER??
More on these later.
This doesn’t tell the whole story. (IMAGE: “incomplete perspective”)
Equities/stocks/bonds/etc are investments
RE Investing is a misnomer. You’re buying a BUSINESS. So there are other factors to consider beyond
More on this later
When investing in “real estate” you could invest anywhere in the world.
Limitless possibilities
US, Japan, Europe?
More on the “what type of property should I buy” in the case study section later today.
Do you know what you’re doing? What risks do you bring to the table from lack of knowledge? Not about beating you down for not knowing, but being self aware on your gaps in knowledge.
Local expert
Real estate is local, some might even say hyperlocal. What do I mean by that? Is there such a thing as a Canadian Market? How about an Ontario market? Or Toronto Market?
Cabbagetown is a place where farmers grow produce, you shouldn't invest in Toronto
How do you fill your knowledge gaps? With the best team
More later
What business models work in your area?
Executive rentals?
BRRR?
AirBnb? What’s happening with regulation changes? Are they enforaceable?
How are you servicing your target demographic?
*Major* urban areas that aren’t tied to a single industry - Edmonton
Job Growth
Toronto #3 in tech jobs in NA behind San Fran and Seattle
Health care, Finance, aerospace, service based, telcom, logistics, and tech saw growth in job 10-25% in the past ten years.
In Fact, jobs are moving away from rural and suburban areas so quickly, Globe and Mail calling it a “hyper-concentration” of jobs in Toronto
Lower cap rates means lower risk.
Does everyone know what cap rate is?
Net Operating Income (NOI) divide by property value.
NOI = all revenue from the property minus operating expenses.
Ex: $10,000 NOI / $100,000 Property Value = 10% Cap Rate
Further zoom out
Toronto Market Index shared on Volition Drive
This uses the Home Price Index. Like for like properties. Better than sales averages.
Most investment properties don’t work
Friend sent me a bachelor condo in Windsor recently
Bachelor pad in windsor
Right demographic?
Long term appreciation?
Transit / infrastructure?
Job growth?
99% of investment properties in Toronto don’t work for the same reasons
Does everyone understand the concept of cashflow?
Doesn’t make much of a difference. Cashflow is more about bragging rights.
Now, we’re not saying buy cashflow negative properties.
Refer back to INCOMPLETE PERSPECTIVE
Do you really want to be managing 50-100 units? Do you NEED to in order to achieve your goals? 10X - scale.
Do you want to be dealing with shitty tenants
Do you really want to be using up your mortgage qualification on SMALLER mortgage amounts. You’re limiting yourself.
PM headache is YOUR headache
THESE are the reasons why to consider Toronto.
ON THE NEXT SLIDE --- Don’t need to be chasing cheap properties or high cashflow
1) Please give a brief intro about yourself.
2) What is the one piece of advice you wish you could give yourself when you started investing?
3) If you could do anything differently with regards to investing, what would it be?
The point is, there is no one-size-fits-all investment.
It will heavily depend on you, your life situation, your financial situation, your time horizon, your risk tolerance, your mortgage qualification ability, etc.
A great team should create a customized solution
mandate is to remove all the complexity so that you can make clear choices that make sense in your context.
Our mandate is to co-create with you a customized solution that will help you achieve your life goals by supporting your financial goals (in the context of real estate).
Things change, the market changes, what made sense 3 months ago may no longer be make sense (or not be available anymore).
A investment fund manager doesn’t always tell his clients to buy the same stock over and over again, he will advise based on the market conditions, etc.
At certain times, we may suggest precon condo. At other times, we may suggest resale condo.
At the SAME time we may suggest precon condo to one client, and resale condo to another
And we may also suggest triplex, fourplex, sixplex to another client.
And we may suggest for one client to be divesting his condo, while we’re advising another client to be investing in condos.
Everyone is at a different point in their investment career, and at different points in their trajectory to reaching their own individualized goals.
Given a boost in the number of units coming online this year (I’ve heard that normally it’s 15,000 in Toronto, and 2019 it’s 25,000) assignments may be an important strategy
The other question is: given a particular property, what RENTAL strategy do I employ in order to maximize or boost rents?
Moving forward into 2019, this may be the most important question
These strategy may include:
AirBnB? (what happens in July?)
Short term rental? (what happens in July?)
Executive Rental (Relocation of executives, etc.) (what happens in July?)
“House Hacking”. Purchasing a unit with multiple bedrooms and renting out individually to young professionals, students, etc.
Turning dens into functional bedrooms.
Remember: These are (for the most part) all strategies for the SHORT TERM. With rising rents, you will reach a point that you can easily switch over to long-term rentals again. We are only employing these strategies in order to get thru the short term.
Deep-dive, real-life, real-time analysis of your mortgage qualification ability
As if it was a real consultation, and your application was really being underwritten.
(Speaking of which, Vine Group is looking for an in-house underwriter. If you’re super smart and willing to learn, let me know and I’ll pass along his contact).
The important thing isn't trying to squeeze out cashflow by but into crappier areas. He important thing is buying in good areas and starting early.