•   
  •   
  •   

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.

Real Estate Investing: Tax Changes and Wholesaling. Real Estate Investing: Financing and Property Management. www.thestar.com/news/canada/2017/06/14/ big - sacrifices - and - a - plan - can - pay - off - for - younger

Real estate investing is more of a marathon than a sprint. You don’t start receiving checks overnight. It comes with a lot of sacrifice and delayed gratification. This is another big sacrifice that most real estate investors will have to let go of as they grow their real estate investing business.


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.

Real Estate Investing: Financing and Property Management. www.thestar.com/news/canada/2017/06/14/ big - sacrifices - and - a - plan - can - pay - off - for - younger - real - estate - shoppers - teitel .html. Investing for Retirement. Real Estate Networking. Young Professionals.

When Ben Miller decided to use crowdfunding as a means to rehabilitate a beaten-down building in one of Washington, D.C.'s transitional neighborhoods, he didn't really know crowdfunding was a thing, That's because it wasn't, at least not in real estate , yet.

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.

There's a reason they call it " real " estate . You can own a piece of the earth, at least for a little while. I am a mother of two preschoolers and a current resident of Northern Virginia. My husband and I searched all over the Northern Virginia area for a great place to raise our children.

Your Real Estate Business Plan is an essential step in your investing journey. Plan Ahead: Do not start a partnership off the wrong way. Make sure the arrangement is written, well planned and includes an operating agreement to detail the roles and responsibilities, capital contributions, profit splits, and

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.

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.

Cascades - A Comprehensive Retirement Income & Estate Planning Software. Made for Brokers, by Brokers. Email: [email protected]_Toll Free: 1-888-297-3506. If you're #millennial and are thinking about investing in real estate , this story of Sarah Larbi will amaze you.https

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 It will help you estimate how quickly you can pay off your home. Biweekly Mortgage Payments . Other small sacrifices can go a long way to help pay off your mortgage early.

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.

Support for Ontario tax on foreign buyers remains high across the province

  Support for Ontario tax on foreign buyers remains high across the province A move by Queen's Park to introduce a provincial tax of 15 per cent on non-residents has the support of 81 per cent of OntariansA new poll out Tuesday says 81 per cent of Ontarians support a provincial tax of 15 per cent on non-residents, a move brought in by Queen’s Park to cool the housing market.

real estate can be purchased under a land contract. Real estate is often sold on contract when mortgage financing is not available or is too expensive The Real Estate Settlement Procedures Act (RESPA) requires that lenders inform both buyers and sellers in advance of all fees for the settlement

Buying a home is a major expense – and a major debt. It’s said it’s the biggest purchase you’ll make in your life. A traditional mortgage loan is repaid over the course of 30 years, but today, some terms call for up to 40 years of repayment.

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.

What to watch next
  • Portugal forest fires kill 62

    Portugal forest fires kill 62

    CBC Logo
    CBC
    1:43
  • Winnipeg teen selected for international music tour

    Winnipeg teen selected for international music tour

    CBC Logo
    CBC
    2:02
  • Indigenous chefs reclaim their culinary heritage

    Indigenous chefs reclaim their culinary heritage

    CBC Logo
    CBC
    3:31
  • The future of food

    The future of food

    CBC Logo
    CBC
    2:58
  • LGBT refugees look to Canada for sanctuary

    LGBT refugees look to Canada for sanctuary

    CBC Logo
    CBC
    2:11
  • Mistrial declared in Bill Cosby sexual assault case

    Mistrial declared in Bill Cosby sexual assault case

    CBC Logo
    CBC
    2:44
  • José Bautista reflects on what fatherhood means to him

    José Bautista reflects on what fatherhood means to him

    CBC Logo
    CBC
    0:31
  • Bill Cosby mistrial: Reaction from defence, prosecution attorneys

    Bill Cosby mistrial: Reaction from defence, prosecution attorneys

    CBC Logo
    CBC
    3:29
  • 'It's too early to celebrate, Mr. Cosby': Gloria Allred

    'It's too early to celebrate, Mr. Cosby': Gloria Allred

    CBC Logo
    CBC
    1:06
  • Caterpillar infestations plague Canadian cities

    Caterpillar infestations plague Canadian cities

    CBC Logo
    CBC
    2:15
  • Trump resets Obama's Cuba policy

    Trump resets Obama's Cuba policy

    CBC Logo
    CBC
    6:19
  • Cyberattacks expected in 2019 election

    Cyberattacks expected in 2019 election

    CBC Logo
    CBC
    1:59
  • Supreme Court upholds right to a timely trial

    Supreme Court upholds right to a timely trial

    CBC Logo
    CBC
    2:31
  • Rex Murphy | Canada's feminist-focused foreign-aid policy

    Rex Murphy | Canada's feminist-focused foreign-aid policy

    CBC Logo
    CBC
    3:37
  • Shifting geopolitical sands

    Shifting geopolitical sands

    CBC Logo
    CBC
    6:20
  • New tough stance

    New tough stance

    CBC Logo
    CBC
    6:36
UP NEXT
UP NEXT

Video provided by CBC

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

—   Share news in the SOC. Networks
This is interesting!