Money: Big sacrifices and a plan can pay off for younger real estate shoppers: Teitel - PressFrom - Canada
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Money Big sacrifices and a plan can pay off for younger real estate shoppers: Teitel

21:47  19 june  2017
21:47  19 june  2017 Source:   thestar.com

The upside and downside of becoming a landlord in retirement

  The upside and downside of becoming a landlord in retirement Run the numbers, become knowledgeable on how to market real estate, understand how long it takes to rent homes in your area, see what might need fixing in your home and then decide whether becoming a landlord is right for you. Ilyce Glink is the creator of an 18-part webinar+ebook series called “The Intentional Investor: How to Be Wildly Successful in Real Estate” as well as the author of many books on real estate. She also hosts the “Real Estate Minute” on her YouTube channel. Samuel J. Tamkin is a Chicago-based real estate attorney. Contact them at ThinkGlink.com.

When it comes to Toronto real estate , there are roughly two kinds of people: those who Her partner pays the mortgage on the couple’s Oakville home And yet, even though Larbi is presumably the last person to shy away from big risks, she isn’t willing to take an investment risk on Toronto real estate .

“Two Real Estate Stories in the News for Thursday, June 15th 2017” is published by Jethro Seymour in Real Estate News. When it comes to Toronto real estate , there are roughly two kinds of people: those who own a home in the city and fear (or vehemently doubt) that a crash is upon us, and those


When it comes to Toronto real estate, there are roughly two kinds of people: those who own a home in the city and fear (or vehemently doubt) that a crash is upon us, and those who don’t own a home in the city and pray with all their might that a crash is upon us.

The latter group has good reason to be gleeful about the possibility of a housing Armageddon. In the absence of a crash or a sizable correction, the reality of this city is such that hardly anyone can hope to purchase a family home without the help of well-heeled parents or relatives. According to a newly released survey conducted by Canada Mortgage and Housing Corp., nearly one in five first-time homebuyers received help from a relative with their down payment. That’s a lot of help.

Amazon Fights Wal-Mart for Low-Income Shoppers

  Amazon Fights Wal-Mart for Low-Income Shoppers Amazon Fights Wal-Mart for Low-Income ShoppersThe online retail giant said Tuesday that it will offer a nearly 20% segment of the U.S. population—people who obtain government assistance with cards typically used for food stamps—a $5.99 (C$8.06) monthly Prime membership, less than the $10.99 (C$14.99) a month or $99 (C$133.23) annual plan for other consumers. The membership buys access to unlimited two-day shipping, video and music content, photo storage and other perks.

Pay your income tax, property tax, college tuition, utility and other bills online with a credit card, debit card or other convenient option. Official Payments is a leading provider of electronic payment solutions for the IRS, states, municipalities, colleges and universities nationwide.

First crowdfunded real estate project paying off . But Miller and his brother Dan were raised in both a real estate family and in the social generation. Just past them, across the first roof garden where a young man sits reading on his laptop, you can see workers in the glass-enclosed kitchen preparing

Sarah Larbi, 33, has bucked the trend of young people not able to buy a house. The sales manager has managed to buy six, including her house in Oakville that she bought seven years ago. The other five are rental properties in Brantford.: Sarah Larbi, 33, has bucked the trend of young people not able to buy a house. The sales manager has managed to buy six, including her house in Oakville that she bought seven years ago.  © Richard Lautens Sarah Larbi, 33, has bucked the trend of young people not able to buy a house. The sales manager has managed to buy six, including her house in Oakville that she bought seven years ago. 

If you’re a young person who makes a decent salary and you feel bad about the fact that you can’t afford a house (and you don’t understand how your co-worker landed that detached Victorian in High Park because he doesn’t appear to make any more money than you do) try to remember that a lot goes on behind the scenes we aren’t privy to. Adults get help everyday. Most people who say they pulled themselves up by their bootstraps didn’t.

And those who did pull themselves up with little help made big sacrifices and big, complex, plans, along the way.

This Is Canada's New Hot Housing Market

  This Is Canada's New Hot Housing Market With Toronto’s housing market showing signs of cooling, and Vancouver’s days of heady price increases now well behind it, a new top dog is emerging in Canada’s real estate market: Montreal. The city posted record-high sales in May, jumping 15 per cent from the same month a year ago, according to data released Tuesday by the Greater Montreal Real Estate Board. That's the highest volume the city has seen since before the financial crisis of 2008-9. “This was an exceptional month of May on Montreal’s residential real estate market,” Mathieu Cousineau, president of the GMREB Board of Directors, said in a statement. Single-family home prices have risen six per cent in the past year. While that sounds like peanuts compared to the double-digit price growth seen recently in Toronto, it’s quite a change for Montreal, whose housing market had been treading water for several years. As recently as January, the city’s real estate board was predicting 1-per-cent price growth for the coming year. It now expects a 6-per-cent pace. After the Ontario government introduced a 15-per-cent foreign buyers’ tax for the Greater Toronto Area, many observers started wondering if Montreal, long left out of Canada’s real estate frenzy, would be the next target for foreign buyers. The city had already been attracting wealthy migrants from Europe, particularly France, which has been experiencing an exodus of millionaires.

48 percent of all real estate firms cited keeping up with technology as one of the biggest challenges facing their firm in the next two years. 87% of buyers purchased their home through a real estate agent or broker—a share that has steadily increased from 69 percent in 2001.

How will the real estate market respond to a period of uncertainty in 2019? Shutterstock. One survey respondent described the feeling of “coming off a peak,” and others have said the “low-hanging One of the most far-reaching changes rewriting the way real estate professionals do business has been

For example, Sarah Larbi, a 33-year-old Toronto native who owns six houses with her common-law partner — one in Oakville, where the couple lives, and five in Brantford, which she rents out for $1,300 to $1,500 a month. She has been saving aggressively for several years to amass what is essentially a suburban empire.

Larbi, who received no financial help from family to buy the couple’s properties, works as a sales manager for a major food and beverage company. She puts away 50 per cent of her paycheque and sometimes skips vacations or cashes them out. Larbi bought five of her properties for less than $300,000. Her partner pays the mortgage on the couple’s Oakville home, enabling Larbi to focus her attention and funds on the couple’s other properties. Larbi’s goal is to one day own up to 30 properties and make a passive income of $25,000 a month, so that she and her partner can retire early.

Amazon drops its unlimited cloud storage plan

  Amazon drops its unlimited cloud storage plan For a couple of years now, Amazon has had one of the more desirable cloud storage plans out there, offering infinity terabytes for just $60 per year. In what is probably not a coincidence, Amazon is now charging exactly the same, per terabyte, as Apple does for its iCloud plan. Just two days ago, Apple unveiled a 2TB plan, giving users double the storage of its previous plan for the same $120 per year price tag.

We help real estate investors save thousands of dollars in taxes with our custom-made strategies. Whether you have a small real estate portfolio or are running a multi-million dollar real estate You're Paying the Government Too Much of Your Hard Earned Money. Use Our Services to Fight Back.

Being ready to pay cash not only gives you an edge with motivated sellers eager to close the deal, it also helps with sellers in real - estate markets where Mortgages represent the largest single bill most people have to pay each month, as well as the biggest burden if income falls off due to job loss or

And yet, even though Larbi is presumably the last person to shy away from big risks, she isn’t willing to take an investment risk on Toronto real estate. “If I buy a house (in Toronto) and it’s a million dollars, let’s say, then you’ve got to make $10,000 a month (in rent) or something insane in order to make any money at the end,” she says. “For me it doesn’t make sense because I’d have to do high, high management, like Airbnb, to even break even. So Toronto just wasn’t a smart option for me.”

It isn’t an option, period, for a lot of people.

Toronto is fast becoming the kind of city young people party in but exit the moment it’s time to grow up — not because they’ve had enough but because they can’t afford to raise a family here, let alone buy property.

An appropriate rental unit in Toronto for three people or more turns up about as often as an elusive white squirrel turns up in Trinity Bellwoods Park. And when you finally lay eyes on one, it’s gone in an instant. But renting is increasingly the only realistic choice for people who don’t have a chunk of change lying around from a parent or a grandparent.

Penguins share Stanley Cup victory with their families

  Penguins share Stanley Cup victory with their families The Pittsburgh Penguins won their fifth Stanley Cup on Sunday night, a moment that was shared across all areas of their organization. Their players will always remember the sacrifices they had to make to make along the way, and all the extraordinary moments they had to play through to be able to stitch their names in history. Helping celebrate their historic accomplishment were their families, who shared the spotlight as soon as the Penguins were awarded the Stanley Cup for the second straight year.

There is no magic plan for paying off your student loans. We don’t have a special trick to share or a Paying off your student loans is 100% doable, but it’s going to take time, dedication, and a whole Be Ready to Make Sacrifices . Remember when we mentioned sacrifice ? Here’s where it comes into play.

Can I Pay Off My Mortgage Early? Each time you pay extra on your mortgage, more of each payment after that is applied to your principal balance. If you want to get serious about paying off your mortgage quickly, check out our mortgage payoff calculator.

Larbi’s advice? If you have an appetite for risk, consider investing in a property outside Toronto, where prices are cheaper, “and maybe you’ll be able to use the equity to buy something (in Toronto) later.”

Or just rent. You won’t be house poor, you’ll never have to fix your own sink, and you’ll be in a good position to clean up if the crash comes. Fingers crossed.

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I love malls. I hate that they’re dying. I have a suggestion: Teitel .
I love malls. I hate that they’re dying. I have a suggestion: Teitel

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