Tag Archives: Canadian

Announcement: RCMP commends Navtaj’s article on Grow op Houses

 RCMP commends Navtaj's article on Grow op Houses

Navtaj Chandhoke is a Canadian-based real estate investor, speaker, author and educator. He is the founder of the Professional Real Estate Investors Group (PREIG) Canada and World Wealth Builders leading real estate investor’s education, support, network and mentoring program. He has been proving real estate education since 1993.

On April 27th, Navtaj Chandhoke received an email from RCMP’s Communication Strategist of Serious and Organized Crime, Marc-Andre Massie. This email stated that they commend his recent article in reference to the RCMP’s strategy to combat illegal marijuana grow operations and the related organized crime groups. The Professional Real Estate Investors Group (PREIG) Canada is supporting the RCMP initiative and is engaged with promoting the Marijuana Grow op houses Initiative (MGI).

In this article, Navtaj Chandhoke stressed that every Canadian Real Estate Investor should always do their due diligence and if required, check the RCMP website to verify if the property has ever been a Grow op houses. Grow op houses can be health hazards causing problems such as mold. Due to the nature of this crime, it has the potential of devaluating the property prices as well as the value of all the properties in the neighbourhood which in return will affect any investment strategies.

Every province has different laws, in many cases it is not part of the law to give full or even partial disclosure to the new home buyer or the real estate investor.

The majority of Canadian Real Estate investors prefer to invest in safer communities where they can create good rental pools for people who prefer to rent or lease.

The RCMP is launching the website to let Canadian’s know which properties were grow ops, which can raise a red flag. The RMCP is also seeking approval from Navtaj Chandhoke to reference his articles into their monthly MGI, which gets sent to their entire force. They have also requested to continuously receive more insights from Navtaj about upcoming events, information and support that would benefit the RCMP.

Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
Newsletter: Subscribe  REI Club Membership | Apprenticeship | LIVE Training
Blog | Facebook | LinkedIn | Google+ | Twitter  

1-416-409-7300

Announcement: Acquiring Tax Sale properties in Canada

Acquiring Tax Sale properties in Canada

Secrets of Super Wealthy Professional Real Estate Investors part 1 of 10

Many provinces in Canada levy property tax on Real Estate based upon the current use and value of the land and this is the major source of revenue for most municipal governments in Canada. While property tax levels vary between municipalities in a province there is usually common property assessment or valuation criteria laid out in provincial legislation. The municipality has the right to collect property taxes owing even if they have to sell the property to recuperate the property taxes owing. These properties are never listed on MLS or Real Estate Brokers. This is another secret of super wealthy Professional Canadian Real Estate Investors and or Apprentices to acquiring Tax Sale properties in Canada

The secret of super wealthy Canadian Professional Real Estate Investors and or Apprentices have used this secret to build huge wealth. The city or municipalities are not required to sell these properties at market value, instead they sell them for the amount of taxes owing. This way the Professional Real Estate Investors can buy a property for 10 cents a dollar. The key is to learn the act, law and the process to find and finance them and than make a great fortune.

What is a Canadian Property Tax Sale

Simply put, tax sales are public auctions where properties are sold to the highest bidder.  Throughout the year, cities, towns, villages, townships and municipalities, in each province, compile a list of properties against which taxes have been outstanding for at least two consecutive years.  After this two year period, the municipal treasurer prepares a tax arrears certificate and registers it against the property in question.

 This certificate gives an accurate description of the property and indicates that the land will be sold by public sale if all taxes are not paid to the municipality within one year of the registration of the certificate.

In spite of the municipality's efforts to collect these taxes, they often go unpaid and the properties are put up for auction, allowing the public and the super wealthy Canadian Professional Real Estate Investors and or Apprentices the opportunity to purchase these properties and this is how you get real bargains.  Property can be bought for as low as 10 cents on a dollar. 

 Professional Canadian Real Estate Investors and or Apprentices can buy property "free and clear" at a tax defaulted deed auction. These taxing agencies sell property to the highest bidder in an effort to recover the original taxes and costs due.

 Why the Canadian Property Owners don’t pay their Property taxes?

There are many reasons why properties are sold for non-payment of taxes. Some of the most common ones are financial difficulties, law suits, ignorance, death of an owner (with no apparent will or heir), owner living abroad and not realizing his/her obligations, owner moved and cannot be traced, disputes of ownership with no party resorting to the courts for settlement, etc....

How to become a Professional Canadian Real Estate Investor and/or Apprentice

Proper education and training makes all the difference!  By becoming an Apprentice of World Wealth Builders and a member of the Professional Canadian Real Estate Investors and or Apprentices website, you will have access to:

 

1.       Current Listings of Tax Sale Properties being sold for delinquent taxes

2.       Sheriff sales (property seized by local authorities)

3.       Canadian Grants

 

 The Property Tax Sale advertisements are gathered directly from many different sources including the websites of the city and the provincial courts.

 

What kind of properties get SOLD In Canadian Tax sales

They can include vacant lands (such as bush lots and timberland), improved lands (such as farms, cottages and houses), commercial or industrial properties, and occasionally islands. They vary from small lots to large parcels, with hundreds of acres.

 

How do the Professional Canadian Real Estate Investors and/or Apprentices BUY these properties at basement bargain prices

First you have to learn the proper law, act and its implementation including the exemptions. Proper education, training and knowledge in order to obtain where, when and how to do it is mandatory unless otherwise you want to buy a lemon....

There are two ways in which tax authorities sell properties: either by public auction or public tender, with sealed/closed bids.

 

Public Auction for Canadian Tax Sale Properties

This format is similar to other auction formats.  An auctioneer accepts bids from several bidders and then recognizes the highest bidder as the winner.  The place, date, and time of the auction will be clearly defined by the municipality and can be found in the auction advertisement on our website.

If you are the highest bidder, you will be required to pay the amount that was bid and any applicable land transfer tax to the auctioneer by money order, bank draft or certified check.

Public Tender for Canadian Tax Sale Properties

If you wish to submit a tender, you can ordinarily obtain a tender form the municipal office, which will be identified in the sale advertisement on our website. Your submitted tender should be accompanied by a deposit, usually 20 percent (but specified by the sale advertisement) of the tender amount, in the form of a money order, bank draft or certified check.

Your tender form, along with the deposit, should be enclosed in a sealed envelope, which is labeled as "tax sale for" and a short description or municipal address of the property to indicate which property the tender is for. Then, enclose that envelope in a second envelope, addressed to the treasurer of the municipality, as indicated in the sale advertisement and on our website.

The above article provides general commentary of an educational nature. It does not constitute advice for any specific person or any specific set of circumstances. Because circumstances vary, readers should consult professional advisers in order to obtain advice that is applicable to their specific circumstances.

 

Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
Newsletter: Subscribe  REI Club Membership | Apprenticeship | LIVE Training
Blog | Facebook | LinkedIn | Google+ | Twitter  

1-416-409-7300

Hidden Profits in Forgivable Canadian Grants

Canadian Grants
Canadian Grants

Hidden Profits in

 

Forgivable Canadian Grants

 

Hidden  profits in forgivable Canadians grants are very imporant for Canadian Real Estate investors to know. The Real Estate Millionaire Secrets Apprentices (REMSA) went to the city of Hamilton to learn more about different investment opportunities and grant programs. Warmingly welcomed, we were introduced and showed by the government officials what types of grants, rebate programs and tax assistances are available.

 

Continue reading Hidden Profits in Forgivable Canadian Grants

Cash buyers for real estate

Cash buyers for real estate

 

Canadian real estate cash buyers are vital in investing in Canadian real estate. The fastest way to build your cash buyers list is to meet them in person at the Professional real estate investors group (PREIG) Canada's network meeting.


Wholesale Canadian real estate investors are at real estate investors monthly meeting to connect with Canadian real estate cash buyers as well as seeking for discounted deals.

Continue reading Cash buyers for real estate

Canadian Foreclosure Process

Canadian Foreclosure Process

 

Canadian Foreclosure Process
Canadian Foreclosure Process

Canadian Foreclosure Process, a professional Canadian Real Estate investor should have a well understanding regarding to Foreclosure process in Canada.

Not only property owner, but also Lender consider the word "foreclosure" as their nightmares. Regardless which cycle the market is going through, it happens all the time, although the numbers do tend to go up during the real estate bust cycle.

Foreclosure is a legal action that a money-lender can take if the person who borrowed money using a mortgage stops paying back that mortgage. Foreclosure allows the lender to take or sell that person’s house by first getting a Court’s permission to do so.

 

Continue reading Canadian Foreclosure Process

Top 10 tips to save yourself tax dollars in Canada

Top 10 tips to save yourself tax dollars in Canada

“Canadian taxes rarely cause excitement for professional real estate investors but following the simple rules by

Top 10 tips to save yourself tax dollars in Canada
Top 10 tips to save yourself tax dollars in Canada

Canada Revenue Agency CRA can provide you all the guidelines to save money” says Navtaj Chandhoke of Professional real estate investors group (PREIG) Canada. The rules are constantly changing and tightening,Don't despair; there are still simple ways for Canadian real estate investors to limit their tax exposure. Here are top 10 tips to save yourself tax dollars in Canada. And there are three bonus more optional tips.

Continue reading Top 10 tips to save yourself tax dollars in Canada

A Notice to all Wannabe Canadian Real Estate Investors

A Notice to all Wannabe Canadian Real Estate Investors

1

Investing in Canadian real estate is extremely profitable provided you have taken time to learn from fellow Canadian real estate experts with proven record. Learn creative practical secrets, systems and strategies which can be implemented in Canada by attending Canadian real estate investment strategies apprenticeship. Witnessing a real deal in real time is the best and fastest learning curve.

But here’s the bad news: Most of the Canadian real estate investors have taken the training from outsiders who have never done a deal in Canada. Fancy names, celebrities, Fix & Flip TV show stars have started business of teaching others but hire cheap labor to read the scripts only. Most of Canadians have taken multiple courses spending $20,000 to $80,000 dollars and end up being broke and bankrupt.

We want to encourage you to learn from the Canadian real estate experts and give you a few simple pieces of advice that will make a difference in investing in real estate.

2Join Professional real estate investors group (PREIG) Canada to start networking with fellow real estate investors. Attend their local networking meetings and other events to mingle with very successful real estate investors. At least meet one person who can add value and assist you to achieve your goal. People don’t do business with strangers. At the end who do you know matters a lot. Start building your connections of your entourages.

You must invest your time and effort to meet local Canadian real estate investors to do joint ventures, seek capital or partnership and flip deals.

Be a bird dog; that can give you a head start. Start paying lot of attention around you and you may find lot of panic sellers and anxious buyers. You can refer them to an experienced Canadian real estate investor and watch how the deal works. Good thing is you will get a small token fee.

Be a volunteer at REI club; Professional real estate investors group (PREIG) Canada have several volunteer positions. Investing in real estate is lifelong learning process.

Forgivable Canadian real estate grants are available for down payment, upgrading, adding in-law suites, seniors and multi u4nits. You might be eligible yourself and can help fellow Canadians too.

Attend LIVE eye witness, boots on the ground real time real deals for accelerated learning. Only experts can show you.

Virgin leads are very important part of Canadian real estate investments. There are more than ten sources which an average Canadian real estate investor has never known.

 Ask for the REAL PROOF before you starts taking any education how to invest in Canadian real estate. Ask them to show the real deal they have done themselves in Canada. Most of the trainers are snake oil salespeople who can read the script only. They are getting minimum wage and some of them never invested in Canadian real estate.

Build your database; You need to have a special list of following people who are also investing creatively in Canadian real estate in your database.

  1. Canadian private hard money lenders
  2. Canadian cash buyers
  3. Real estate lawyers
  4. Short term private lenders for bridge financing
  5. Joint venture partners
  6. Realtors
  7. Mortgage brokers
  8. Property Inspectors
  9. General contractors
  10. AACI appraisers

Deep discounted Canadian real estate deals are in abundance. Find, fund, fix and flip to make a fortune require training from experts.

Invest and dedicate time and money: One need to invest in themselves which require money, time and dedication. Having access to money is the best secret in Canadian real estate investments.

Action and decision will reflect the success. Having armed with knowledge and access to money requires that you start making offers and start putting deals under contract.

Branding yourself to be a problem solver Canadian real estate investor will attract all kind of deals.

Hire a Canadian real estate investment expert coach who have done couple thousand deals in Canada. Most of Canadian real estate investors have taken coaching online which is complete waste.

Investing in Canadian real estate success does not happen overnight, but it requires time and lot of effort.

There are17,000+ members of the Professional real estate investors group (PREIG) Canada community for you every step of the way. Be a part of Professional real estate investors group (PREIG) Canada.

How to Understand Mortgage Interest Rates in Canada

How to Understand Mortgage Interest Rates in Canada

How to Understand Mortgage Interest RatesInterest rates are going to rise again. Whether you are a sophisticated Professional Real Estate Investor or a Mortgage Virgin, it is good to have basic knowledge about mortgage financing. The options pertaining to lenders, terms, rates, terminology and new products can be overwhelming and will baffle you. Most Canadians like to do lot of research before signing the dotted line, therefore it is vital that you, the Professional, be well informed.

 

Real Estate prices across the country have skyrocketed in recent years, boosted by rock-bottom interest rates that have made it cheaper than ever for Canadians to finance home purchases. Changes to mortgage application rules and the introduction of harmonized sales tax in Ontario and British Columbia are likely to push people into the housing market before the expected slowdown. 
From here forth, you the Mortgage Virgin, will be introduced to new tactics.

Higher Credit Score Requirements

Want a mortgage? You'd better have top-notch credit to get the best deal, or in some cases, to get approved at all. Although mortgages can be arranged in most cases for credit scores down to 620, they often come with a higher rate and/or fees. The sum of your Down Payment can also determine how you qualify for a mortgage. If you are putting down more than 20% the qualifying criteria is different. However, if the sum of your down payment is between 5% to 19.9%, the qualifying criterion is completely different. Be aware of these two options.

Time to obtain Mortgage commitment from the lender

Realtors occasionally push buyers to get preapproved and write "clean" offers without conditions. Unfortunately, preapprovals don't guarantee a "final" approval. Preapprovals are often just glorified rate holds. Proper financing conditions give you time to arrange an iron-clad approval before you commit to buy.

How long and at what rate?

The term you elect often effects the total interest you pay more than the rate itself. Consult a professional to pick the right term from the start. Have him/her run a rate simulation to show which term would save you the most money over five years. Feel free to shop Credit unions and any other lenders. Please do not allow anyone to pull your credit report. If you’re credit report is pulled more than 3 times a year, your credit rating goes down.

Payments, Privileges & Penalties

Always be prepared for rainy days as well other circumstance life may throw at you. It’s imperative to be prepared for the good, the bad and the ugly. If you are getting paid weekly, make weekly mortgage payments, if biweekly do the same. Would the lender offer you the privilege to increase the payments in case you attained increased cash flow or a raise. Be aware of the penalty cost in case you need to sell your home prior to mortgage maturity and portability clause.

Negotiate

If you have excellent credit, use your local financial institution as a starting point for locating rates. Ask your mortgage planner to find a lender who will beat the best rate in your province. Use a mortgage professional who compares all lenders; not just a handful. Do your own homework as well. Mortgage brokers only deal with the Lenders who pay them if you are qualified Buyer.

Understand Amortization period

Don't consider a long-term amortization (i.e. 30-35 years) unless you are confident you'll have spare funds to make prepayments. A 35-year amortization will lower your monthly payments to 16 per cent on a 4% interest rate of $250,000mortgage. However, the total interest you'll pay increases 32 per cent versus a 25-year amortization.

Use RRSPs for a down payment as well as a Tax Refund

If you qualify as a first-time home buyer, you and your spouse can each use up to $25,000 from your RRSP as a down payment. CRA will not deem that money taxable income as long as you annually repay 1/15th of the amount withdrawn. Do not forget the big check coming to you as Tax refund from Canada revenue Agency. Use the refund to pay down your debts or mortgage.

Only pay for What you need

Paying extra for an open mortgage, a "capped" variable rate, cash back, large prepayment options, or a 10-year term is often unnecessary. Have your mortgage professional compare the estimated interest cost of alternatives. Check with local credit unions for better terms.
Consider a hybrid Mortgage

Hybrid mortgages are part fixed and part variable. You determine how much of your mortgage goes in each part. Since no one knows how high rates will climb, hybrids nicely diversify your interest-rate exposure. Do your homework and decide based on your comfort level, not the mortgage broker or the Bank.

Mortgage Insurance:

The number one question is who is the beneficiary? Shop, compare and save when purchasing your new home, take the time to shop around for life insurance. Compare the cost of a term life insurance policy to a mortgage insurance policy. Chances are you'll find a term life insurance policy will have lower yearly premiums and offer more coverage and flexibility than a mortgage insurance policy

Rule of thumb:

The price of a home should not exceed 15 times the annual rental income for this or a similar house. If you are paying more, there is a good chance you are overpaying.

-Permission to Reprint

You have the permission to re-print this article , as long as you don’t make any changes and include the bio above.

Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
Newsletter: Subscribe  REI Club Membership | Apprenticeship | LIVE Training
Blog | Facebook | LinkedIn | Google+ | Twitter  
1-416-409-7300

 

Align yourself with the most powerful, knowledgeable, influential, successful over 12,500+ Canadian Real Estate Investors for monthly mentoring,network and support at Professional Real Estate Investors Group (PREIG) Canada.

 P.S. Take Action now to attend the eye-opening seminar and walk away with confidence, knowledge, and specific "action ideas" that can help you achieve your dreams and leave the rat race behind.

 We have been training Canadian Real Estate Investors since 1993.

9 Fatal Mistakes Made by Canadian Real Estate Investors

9 Fatal Mistakes Made by Canadian Real Estate Investors

As a Canadian  Real Estate investor and mentor, I often see novice Canadian Real Estate investors making the same exact mistakes. As a result, I decided to create the following list to help novices understand what these common mistakes are and how to avoid them.

The good news is that all of these mistakes can be easily corrected.

The bad news is that any one of these mistakes will seriously limit your potential for success. In my experience, these are the 9 most common mistakes I see novice real estate investors make:

1) Not getting an education/information

Getting an education is a critical part of becoming a successful Canadian real estate investor. It’s much easier and less costly to educate yourself than to make mistakes in the real world. We are lucky to live in a country full of educational opportunities for whichever endeavor we want to pursue.

Surprisingly though, not everyone takes the initiative to learn before they take action. This exposes these people to costly (and sometimes career-ending) mistakes that could have easily been avoided. Some misguided people even complain that the books, courses, or seminars promoted by  Canadian real estate experts are too expensive. I guess that depends on where you stand.

To me, they seem cheap compared to what I know can be earned in this business. Perhaps to a novice though, they may seem expensive. But as the saying goes, “If you think education is expensive, try ignorance.” Think about it.

Is a $5000 apprenticeship worth it if what you learn makes you $5,000 on a single wholesale deal? What if it could save you a mere $5,000 on a single rehab? Or what if it helped you to create an extra $200 per month cash flow on a single property for just one year? Would it be worth it to you? The value of an education often doesn’t reveal itself until you’ve stepped up to the plate and put yourself in the game.

2) Not getting an education from the right people

The internet is a great tool. But it’s also saturated with too much information – good and bad, oftentimes, from less than credible sources. So don’t confuse the information you find on the internet as necessarily being quality information. For example, there are a number of Canadian real estate investing newsgroups and blogs that have proliferated on the internet.

Many so called experts on these sites are more than willing to share enough information to get you into trouble.

 I can’t believe some of the misinformation I’ve seen posted on these sites. Remember, anyone can post on a newsgroup and anyone can create a blog. But just because someone has a blog, doesn’t mean they necessarily know what they’re talking about. The misinformation you get may be costly…in either lost profits or reputation.

Novice investors may also get misinformation from friends or family members. Perhaps they dabbled in real estate at one point. Now they feel entitled to tell you what little they may know about real estate investing. Be extremely wary of people who have “dabbled” in anything. Dabblers are rarely experts in anything. As the saying goes, “Jack of all trades, master of nothing.”

3) Not taking action

If you’ve managed to get a good education from a good source, the next step is to take some action. Knowledge will be power only when you begin to apply it properly. Merely buying a wide array of real estate investing products or attending boot camps isn’t going to make you any money.

Some novices neglect to take action because they’re still searching for that magical secret that is going to make it start raining deals. The real secret is hard work! Others are paralyzed by fear of what might happen if they get one of their offers accepted. Or, they may give up making offers if they don’t experience instant success.

Whatever the reason, not taking consistent action is a sure way to fail at anything. Personally, I believe that initial failure is the universe’s way of forcing us to make sure we truly want what we’re pursuing. In the end, persistence is what leads to success. And the more we persist, the closer we get to success.

Many novices regularly attend their local real estate clubs. Clubs and associations are excellent way to network with other like-minded people, learn techniques and strategies, and have fun.

Unfortunately, I’ve met countless club goers who have never done a deal before. Instead of using the club as a spring board into taking action, they tend to use the club as a warm blanket because they fear being out on their own. When I meet these people, my advice to them is to stop sitting around with the other novices talking about all the deals they would like to be doing.

My advice is simple, go out there and get some deals done. We all need a good apprenticeship. But that is only one step in the process. There is no substitute for hard work.

4) Not having realistic expectations

Most novice Canadian real estate investors have unrealistic expectations. It may be about the amount of repairs a property needs, the time it takes to complete a project, or the profit they should get from a deal. They’re expectations are either too high or too low. If they’re wholesaling properties, they may get too greedy and try to charge the rehabber too much.

If they’re rehabbing properties, they may underestimate the repairs required.

If they’re landlording, they may underestimate the amount of maintenance a property will require or forget to factor in vacancies. While getting an education or being apprentice  plays a large role in these mistakes, another reason is that they did not leave enough room for error. They assumed everything would go as planned.

Real estate deals rarely go exactly as planned. Experienced investors understand the importance of planning for the unexpected. This way, when things don’t go as planned it’s not the end of the world.

5) Not treating real estate investing as a business

Contrary to popular belief, real estate investing is not like the stock market. It is not a passive investment. It is an active investment. Whether a novice investor’s intentions are to flip or to own rentals, they sometimes think owning real estate is going to be a lot easier than it is.

While the profit potential in real estate is usually much greater than owning a stock, it inherently requires more effort than most passive types of investments. Whether you’re wholesaling, rehabbing, or landlording, real estate requires your time and constant attention. In this way, it’s more like a business than an investment.

For example, you must be disciplined about your business. You need to set a schedule for yourself and stick to it. You need to set policies and procedures and adhere to them. You need to set goals and do whatever you can to achieve them. Not everyone has that level of discipline without a boss telling them what to do. When you run your own business, you are the boss. You must be willing to make sacrifices to succeed.

For you this might mean that you need to turn off the television and read your home-study courses. It might mean that instead of spending money on new clothes, you invest that money in your business.

Or it might mean that instead of going to the park on Saturday you search the MLS and forum at Professional real estate investors group (PREIG) Canada  look at properties, and familiarize yourself with your target neighborhoods.

6) Not being patient

It can take awhile for novice investors to see positive results when starting out. You can’t expect to immediately find deals and make money. It may take several months to get your first deal. As a comparison, new real estate agents are often told by their brokers that it may take up to six months to close their first transaction.

Similarly, real estate investors should expect to wait a few months to close their first transaction. Furthermore, it can take years for your real estate investing business to become a thriving venture. There aren’t too many businesses that become profitable immediately – no matter the type of business.

It often takes several years for most businesses to get to a point where they make steady and reliable profits. Running your own business can be fun and extremely rewarding. But rest assured, the early years can be unpredictable. As a result, you need to have a lot of patience for things to take off.

7) Not concentrating on quality deals

This is one of the biggest mistakes I see novice investors make, especially after they have done a few deals. After they have some success, they begin to focus too much on quantity instead of doing quality deals. This mindset leads them to do less profitable deals. And once an investor begins to do thinner deals for the sake of doing more deals and outdoing their competition, they eventually find themselves in trouble.

Unfortunately, this is a lesson that most investors learn the hard way. For some reason, avoiding the temptation to focus on quantity is a principle that most investors have a hard time accepting. Their natural inclination is to do more. They might feel the pressure to tell their friends what new project they’re working on. They might feel bored unless they’re working on something new. Or they might feel guilty about not “staying busy.”

Whatever the reason, novices must learn that investing is an activity in which “staying busy” is not always smart. Sometimes, the best deals are the ones you don’t do.

When an investor learns to concentrate on a small number of quality deals, they enjoy not only better profits, but also a better lifestyle since they’re not running around managing a huge portfolio of properties. For most people, the whole point of getting into real estate investing in the first place is to live a better quality of life, not to work longer and harder.

8)  Not moving on from bad deals fast enough

Since novice real investors usually don’t have a steady stream of leads coming in and don’t know what a truly profitable deal looks like, they tend to overanalyze bad deals far too long. They get anxious and want to get deals done. And even when they put the numbers of the deal into their spreadsheet and see the deal clearly doesn’t work, they still find a reason to justify it.

They logically know that a deal should be avoided, but they try to justify it anyway. While I believe everyone needs to start somewhere, the ideal place for a novice real estate investor to start is in a good deal not a bad one.

What novices eventually learn is that not too long after taking on a marginal deal, a great deal is not far behind. But because they’ve tied up their resources with the marginal deal, they can’t pursue the great deal.

9) Not writing down goals

Don’t try to run your business without a clear plan. Clarify your goals by committing them to writing. Then, revisit them once a week until they become reality. Something magical happens when you write down your goals on paper.

They begin to take root. When you focus on them repeatedly, you nurture them and they begin to grow. It’s important to write down your purpose, strategies, and goals. Begin by asking yourself the following questions:

  • What strategy am I pursuing?
  • What will I do with the properties I will buy?
  • How many deals per year will I do?
  • How much profit will I earn per deal?
  • How many offers do I make to make this happen?
  • What kind of life do I want to live outside of the office?

When you’re clear about your goals, you have a much easier time accomplishing them. And if your goals are unrealistic you should change them as necessary. Don’t get stuck in an unrealistic set of goals that will only produce frustration. At the same time, you shouldn’t change your goals too often either.

It’s hard to hit a moving target. You want to strike a good balance between having reasonable, achievable goals and also setting goals that will force you to get outside your comfort zone.

Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
Newsletter: Subscribe  REI Club Membership | Apprenticeship | LIVE Training
Blog | Facebook | LinkedIn | Google+ | Twitter  
1-416-409-7300

Wholesaling Apprenticeship Canadian Real Estate

Wholesaling Apprenticeship Canadian Real Estate

What does a developer look like? No, they do not look like big fat cats that are untouchable and up on some sort of real estate investing pedestal. Well, I’m sure there are some like that, but my point is, they look like you and me.
As a real estate investor, we must think outside of our box. If we have only been a small time, one of, small portfolio type of investor, well that’s OK. However, it is also very important to think bigger.


If we want to create massive and passive income for ourselves we can do it over a long period of time or we can perhaps create wealth more quickly. We can expand our knowledge to be able to understand the benefits of controlling not just one property, but many at the same time.

Major Misconceptions of most Investors

Three major misconceptions most real estate investors have are:

  1. Big deals never come to small real estate investors like me. (not true; if you know how to talk the talk, most builders will be happy to work with someone who can help unload unsold inventory)
  2. The town planner would never take their time to meet or talk with me. (town planners are happy to speak with real estate investors that can help both realize what the town’s future plan has in mind and help to beautify the town with nicer properties)
  3. Getting zoning changes from the municipality is virtually impossible. (if the changes are in keeping with the town’s expansion plans, then it is very easy you just have to educate yourself on what the plans are and the time-line involved)

Wholesaling Apprenticeship

The World  Wealth Builders Wholesaling Apprenticeship is an exciting and unique opportunity to learn how to become a developer. You will learn how to create massive and passive income for yourself through over 50 specific strategies. The understanding of the acquisition process of multiple properties, dealing with municipalities etc., can give you a major advantage as a real estate investor.

You will also be learning about city zoning bylaws, working with the town planner, understanding the city border lines, and how to use them to your advantage. You will learn to not only be a developer, but a pawn broker of real estate, allowing you to control or buy massive amounts of properties at a huge discount.

To obtain more information about our upcoming Wholesaling Apprenticeship please send an email to [email protected] or go to www.WorldWealthBuilders.com/live.html

__________________________________________________________________________________________________________
__________________________________________________________________________________________________________

Regular Tuition Fee - $9995*
Special Price for Live Presentation - $4995* (For dates and times check our calender)

To Register Click Here
*+ applicable taxes (GST/HST)

 

Your success is our business!
Navtaj Chandhoke
Website: www.WorldWealthBuilders.com/live.html | www.preigCanada.com/membership
Newsletter: Subscribe  REI Club Membership | Apprenticeship | LIVE Training
Blog | Facebook | LinkedIn | Google+ | Twitter  
1-416-409-7300