Wealth Foundations with Real Estate Investing

Wealth Foundations; For the Common Man and Woman

 

Starting with one firm place to stand, your home – quickly make it as debt free as possible or reduce your costs to the point where you can start saving to invest.

 

Start shifting your activities from CFAT to CFBT as soon as possible because you have more of them to help further your investing and business activities, this will need explaining in a future article. However moving towards cash flow before taxes requires you to make your activities business and investment oriented, consult your accountant as appropriate to assist with tax efficiency. As you purchase your second property for investment purposes; renting and generating cash flows.

 

Keep your selection of your second and further investment properties within an hour or a few hours drive – the closer the better. Diversifying geographically in an area / location you understand (having studied it) and with a good eye on cash flow.

 

Once your leverage ratio is within a comfortable range, start building equity for your third investment where you can start to consider a syndicated structure of ownership ( a partnership of friends and family; check out Silver Bullet Investing, to advance your quest in a confident way) and looking towards a larger acquisition with the strength of your group.

 

Here are some action items for your plan;

 

1. Start with a saving plan, set up a TFSA and an RSP – so that your investments will grow as tax free as possible. Try to maximize these accounts as often as possible.
2. Start studying and researching opportunities, including shadowing investment strategies and trying practices accounts – testing your intuitions and understanding of lessons learned.
3. Keep your costs low in all you do.
4. Develop self-management expertise and understand your investments and selectively hire support as your business and investments grow.
5. Surround yourself with the best consultants and mentor(s), professionals and always prepare yourself before any meeting to maximize the return from time spent.

 Remember what Nikola Tesla said “ If you want to find the secrets of the Universe think in terms of Energy, Frequency and Vibration.” and as you do, think and grow into your wealth. And as you grow, your strategy must also be amended to deal with the larger sums of money and assets you are managing.

 Let’s talk about real estate and investing – call us at Envoy Capitol Realty Inc., Brokerage and talk about the future.

                                         envoycapitol.com

 

Envoy Capitol Realty Inc., Brokerage     Toronto, Canada

Licensed and Insured to practice real estate in Ontario, Canada

Check out our books ; The Greatest Money Machine     and    SILVER BULLET INVESTING  , 

available on Amazon and at OREA’s Real E Store at http://www.orea.com and at TREB’s Realtor’s Store. 

         

 

 

 

Unpriced and Unwanted?

Unpriced and Unwanted?

 

Is An Asking Price or List Price Important?

Does It matter to the sale of property and its negotiations?

 

There are more listings appearing in advertisements without a price or an

 

indication of value and therefore a challenge to any buyer to determine

 

what to offer and the range of values that maybe acceptable.

 

One school of thought among buyers is that a asking/listing price is an

 

important indication of motivation and degree of seriousness of the seller.

 

A buyer should just disregard these unpriced properties and focus on

 

those investments that are priced appropriately with an openness

 

to discuss the sale arrangements of the properties with reasonable

 

financing available.

 

A priced property tells the buyer, that the seller is ready to depart with this

 

investment at or about this target price and indicates reasonableness.

 

The buyer understands the seller has made a psychological or mental

 

departure of the asset and they will be ready to move on – a listing is one

 

good indication, an asking price is yet another.

 

These unpriced listing evolved either because some real estate professionals were hoping to orchestrate a bidding war with multiple offers coming at the seller or the seller’s concern that any price might be leaving money on the table – and they wanted it all.

In order to maximize their returns they are open to being ‘surprised’ at an offering price that would be ‘beyond our expectations’ or wildest imaginations.

 

 

This feeds into the greed factor that may well work in the opposite direction when the economy turns resulting in a grand waste of time

for everyone or nearly everyone concerned.

 

Unpriced listings or dramatically underpriced listings of properties serve this same shortsightness and only end up confounding the market place.

 

We recommend that in the event you do not know what the value or value range should be for your property, hiring an appraisal is one option to consider, however bringing in a competent realtor with creative ideas and value added recommendations may go much further for the seller and result in a happier conclusion for all.

 

Let us know what you think, email us – drop us a line or two…

 

Check out our books and publications, now available on Amazon ;

The Greatest Money Machine       and

                                                                    Silver Bullet Investing

       

 

 www.envoycapitol.com

 

 

Envoy Capitol Realty Inc., Brokerage   Toronto , Canada

 

Twitter : EnvoyCapRealty

 

New Frontier

New Frontier; Toronto, Calgary and Montreal – Canada

Welcoming people with ideas, people with courage to bravely come and start, grow or join an enterprise. Our fuel of growth is our people.

 

We do not forecast a slow landing here as some financial and economic forecasters are suggesting.

 

The projection is for steady incremental growth with steady increasing values because basic economics of supply and demand are at work.

Yes greed is always present on the boundaries of cyclical growth and can tip a market into overheated destruction. However with the appropriate level of caution and conservative lending practices by our lenders, those purchasing are putting more and more equity into the real estate investment class.

 

Canada’s endless resources of human talent driven with ingenuity and determination and boundless natural resources, we are only limited by our imaginations and our attitudes.

 

However we can not take this optimism and strength for granted and we need governments at all three levels and the bureaucracies must contain themselves to reasonable levels of regulation, influence and taxation and not run ahead of the natural growth and success agenda.

 

Let ideas, businesses and the resulting job creation take root, flourish and grow and then modestly and responsibly harvest through taxes and other considerations value for our society.

 

Small businesses with less than ten employees or less than $ 5 million of revenue should be given easier administrative – paper chase activities with all governments, from licensing, to occupancy permits, zoning issues, regulatory standards, liability issues, insurance requirements, financing, guarantees to environmental and taxation policies. When we overburden small businesses there is no energy for productive and creative growth and massive failure results.

 

Simplification of all non-value creating activities, non-money producing activities must be minimized, otherwise it is robbing all of us from productive, meaningful activity and putting our country at a competitive disadvantage and not earning tax dollars on profits not earned because we are idling and not producing.

 

When we are sitting in traffic because of poor planning in a growing City and furthering the problem by creating single lanes through major streets and roads – again because of poor planning where no relief routes were designed to address future repairs and closures our City sits idle. Our citizens are frustrated, non-productive but polluting and wasting the gas running the engines idling on the balance of our streets. A real unhealthy, unhappy and unwise situation, this has the power to cripple us on many levels.

 

Lost productivity because we are sitting in traffic idling, is estimated to be about six billion dollars a year for the GTA. Another study concluded that about 30% of the cause of traffic congestions, is caused by people looking for a place to park their cars. Again this reflects on the quality and effectiveness of planning and preparing our City for our challenge with growth.

 

In 2014, we can and must do better to continue to be a welcoming place for productive, innovative peoples from around the world who will create the opportunities and jobs of the future.

www.envoycapitol.com

 

Check out our books and publications on Amazon ;

 

THE GREATEST MONEY MACHINE

And

SILVER BULLET INVESTING

          

 

Envoy Capitol Realty Inc., Brokerage   Toronto , Canada

 

Twitter : EnvoyCapRealty

 

Email : capitalmoves@gmail.com

 

Blog: www.yinvestthinktank.blogspot.com