Foreclosure Process in British Columbia, Canada
The word foreclosure means to deprive a borrower [in default] of the right to redeem the mortgaged property. In British Columbia, the foreclosure process it is a Judicial Sale.
Tag Archive | "Real Estate Investments"
Foreclosure Process in British Columbia, Canada
Posted on 24 December 2011.
Posted in BC foreclosuresComments Off
Real Estate Mentor
Posted on 18 April 2010.
Mentor is a word which was founded several decades ago in Greek Mythology. Whether it was used then, the significance still remains the same till today.
A mentor is a wise influential person or supporter who provides you with helpful information and guides you through a path towards success. Mentors are also interested in formulating an understanding environment in which the people being mentored are encouraged to discuss their needs and circumstances willingly with confidence.
The importance of a Real Estate mentor is to act similar to a counselor or teacher. They acknowledge information and questions that people convey, then respond in a manner that the recipient will appreciate. Doing so, the recipient will value the advice and will then be courageous to move forward achieving their goal.
Real Estate mentoring is similar to an event I witnessed yesterday. Team Canada in the men’s hockey gold medal game at the Winter Olympics is a clear example of mentoring. The star player of Team Canada, Sidney Crosby, age 22, played every single game in the tournament. He is similar to someone who is real estate investor looking for success. For 3 consecutive games before the gold medal game, Sidney did not scored a single goal. Throughout the gold medal match, Sidney played his heart out but still came up short period after period. As the time was winding down, Sidney and Team Canada was looking to go into an overtime period against their opponent. This is similar to a real estate investor never giving up, no matter what happens.
Once Team Canada entered the overtime period, their Coach instructed them to take chances by slapping the hockey puck towards the net and hoping for a good outcome. Sidney acknowledged his coach’s strategy and took action. He got a hold of the puck in front of his opponents net and took the chance by slapping it hoping it would go in somehow. The results of Sidney’s actions lead Team Canada to win the gold medal. Scoring the game winning placed him as a hero which will lead him to earning millions.
The Team Canada coach in this hockey signifies the Real Estate mentor. As a mentor, he guided and influenced his team to take chances because positive results can happen. The coach had the experience and knowledge that the players were lacking. A mentor like the coach has made mistakes in the past, and now is guiding his players to learn from them. The coach helped Sidney keep his mind off obstacles and stay on task, looking to win the gold medal. A real estate mentor helps a real estate investor keep his mind on the goal, striving to earn the best possible.
A Real estate mentor is a crucial person in the real estate business. They keep the real estate investors updated and on the edge of the blade. They share their failures, knowledge and experiences with real estate investors in order for them to avoid mistake or make positive decisions. Sidney needed his mentor the coach in order to score the winning goal. The coach shared his strategies to outperform the competitors.
World Wealth Builders offers many unique, practical, out of the box real estate investor apprenticeship which offers the student hands on, in the trenches style instruction to facilitate both a different mindset as well as a successful and lucrative real estate investment business. You can attend Real Estate Millionaire Apprenticeship online or in person. To find out more, please go to http://www.WorldWealthBuilders.com
The above information is provided as a guideline and is not intended to give a professional legal advice. Please consult a real estate lawyer for their opinion on your particular case
--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.
Posted in FeaturedComments (0)
Are you Home Owner or a Renter
Posted on 26 March 2010.
Are you a home owner or renter?
According to Statistics Canada, in 2005, 37% of people were home renters and 63% of people were home owners. Most home renters would love to be home owners but choose to rent because of lack of money available for a down payment, unfavourable credit or simply are not making enough money to carry a mortgage. When you are renting for said term outlined in the rental agreement, you are making your landlord a very rich person. In this process, you are paying down his mortgage and putting cash in his pocket every month. At the end of your rental term, you walk away with nothing. Knowing this most people neglect the units and do not take pride in their living space and that is why most of the rental units are substandard.
As a home owner, you can get into your property with very little down payment. In the next 10 years, you will have paid down your mortgage which means that you will have built equity and possibly doubled the value of the property. One of the many benefits of ownership is that for your principal residence, your equity and the appreciated value are not taxable. It is one of the only tax loopholes in Canada; you get to keep a 100% of the appreciation and equity. You can also rent out your basement and have regular cash flow every month to have more spending money or to help with your mortgage.
As homeowners and investors, people take pride in their property knowing that the property will be one of the things of high value to pass down to their children. They renovate and upgrade to make sure the value of the property increases. Emotional benefits outweigh the financial benefits, the feeling of accomplishment and pride is priceless. Owning a home is one of the largest investments you will make in your lifetime.
Canada will not tax you a single cent. This is the best loophole available in Canada. You can buy and sell your principal residence tax free. Majority of Canadians take it lightly that home ownership can make them a multi-millionaire. Once you have a pre planned goal, the missing element is always education and tax implementations. All other investments are subject to taxes and capital gains.
Once you get the hang of it, the sky is the limit, with a little time, patience, and a lot of education, you can build wealth, massive and passive income.
World Wealth Builders offers many unique, practical, out of the box real estate investor apprenticeship which offers the student hands on, in the trenches style instruction to facilitate both a different mindset as well as a successful and lucrative real estate investment business. You can attend Real Estate Millionaire Apprenticeship online or in person. To find out more, please go to http://www.WorldWealthBuilders.com
The above information is provided as a guideline and is not intended to give a professional legal advice. Please consult a real estate lawyer for their opinion on your particular case
“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.
Posted in Articles, FeaturedComments (0)
Other People’s Money
Posted on 26 March 2010.
Having no money holding you back from investing in Real Estate? We got the solution for you!
Well here is the good news, do not let the lack of money stop you from taking the first steps to create and build your wealth in Real Estate. Real estate is the only investment that has produced most millionaires in Canada, and is the only investment where you can use other people’s money (OPM) to earn profit. The bank is willing to lend investors up to 80%-95% of the value of the property. The bank will not do that for the stock market or any other similar investment. A home loan is the easiest and cheapest loan to get compared to getting a car loan or a credit card.
Posted in Articles, FeaturedComments (0)
Free Tell A Friend
© 2012 World Wealth Builders. Powered by WordPress.
