Real Estate Mentor

Real Estate 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  Real Estate mentor is a wise influential person or supporter who provides you with helpful information and guides you through a path towards success. Real Estate 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.Continue reading

Homeowners vs Renters in Canada

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, unfavorable 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.Continue reading

Passive Income in Real Estate

No fluff, No filler, Real Education for Real Estate Investors.

No Money down

part 1 0f 10 series

Let the Government pay your Down Payment

Everything you need to know

to be successful in Real Estate Investments to

generate Passive Income in Real Estate

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Passive income in Real Estate

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Orphan Mortgages Canada

Mortgages are not that simple.They can be lot more complicated depending upon the lenders,the borrowers and the terms.Even though mortgage industry is heavily regulated and guarded to protect the Real Estate Investors and property owners.There are several key components to each mortgage. Most of Real Estate investors have very little knowledge about it. Majority of Real estate investors assume and presume, that is where they fall into cracks and suffer huge losses.

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How to Find Undervalued Property

Purchasing real estate at market value these days is different from purchasing real estate 30 years ago. Today, most real estate investors benefit from real estate by purchasing below market value. The way to purchase undervalued properties is to find distressed owners who are willing sell their property below market value. Under valued properties are the cash cows of the real estate market.

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Five Wise Decisions for Canadian Real Estate Investing

All Real Estate Investors want to be successful.  Many books have been written on the subject. The newsstands are filled with magazines with hot tips on how to become wealthy by Real Estate Investing, however, the process of successful Real Estate investing really isn’t that hard if you keep in mind five simple concepts of real estate investing.

Canadian Real Estate Investing

Real Estate Investing

Always keep a fund for emergencies then move onto investing long term

This means starting with your principal residence. You can start building equity early by investing in your principal residence. When you rent you do not build equity.

Let us look at three real estate investors in the same age group in hypothetical situations. All 3 retired at the age of 65 and paid $1,000 a month towards accommodation before retirement. Patrina starts at the age of 25 and bought her first house for $100,000.00 in 1985 which was financed 100%. After 25 years, her house is paid off in full for the rest of her life and she does not have to pay any rent or mortgage. This is very common among a lot of Canadians. By doing this, by the time she is 50 years old she would have a principle residence that is her retirement nest, and the chances are that the house might have tripled or quadrupled in value from what she had paid originally.

On the other hand, Bob buys his first house at the age of 35 in 1995, and Jon, 45, buys his first home in 2005. Both Bob and Jon have been saving for a down payment since they were 25 years old and have been paying rent in the mean time. Bob may have bought the same house for $200,000.00, while Jon in 2005 may have bought the same house for $300,000.00 as a result of appreciation. It will take 25 years to pay it off, but the cost of borrowing is astronomical, double or triple the amount compared to Patrina’s case. The moral of the story is to start real estate investing at the earliest age as you can and always avoid paying the rent.

Canadian Real Estate Investing

Select the right mix of investments

The key component of real estate investing is three-fold. Always obtain an asset that will most likely appreciate over time. Secondly, it should save taxes. Third, it offers you passive income for life. Leverage is the name of the game. We always borrow 100%, plus all the associated costs to obtain an asset which others will pay off in the form of rent. These investments require in depth knowledge of real estate investing. A professional real estate investor does not use money from their personal bank account!

On the other hand, an educated Real Estate investor will be taking advantage of all the forgivable grants, bailouts, and handouts from all different levels of the government, as well as other agencies. This is free money which is non-taxable. You will never have to return it nor do you have to pay any interest on it. The question is what kind of properties should you have in your portfolio? The correct answer is based upon the sophistication of your education, information, time, and money. By attending Real Estate Investing Millionaire Strategy Apprenticeship, one may realize the hundreds of different ways that are non-conventional but creative. The grants can be piggy banked one after a second, after a third, and they can be huge passive income for life. All you need is a proper system which takes care of management, appreciation, cash flow, and the tax benefits.

Invest systematically and automatically

Majority of the people intend to invest only with three factors which are fear, speculation, and gambling. By doing so, they are at the mercy of the volatility of interest rates, economy, and employment. A sophisticated professional real estate investor would have none of these three factors in his equation of real estate investing.

Remembering to regularly invest can be difficult since life can be complex and busy. Setting up auto deductions from your paycheck or bank account that is invested automatically in a predetermined fashion can help. Investing within a retirement account can have a tax benefit and in some cases the employer might contribute an additional amount as well. By investing a set amount each month either directly out of your paycheck or out of your bank account, you’ll save time and won’t forget to invest in your future.

Watch your investment costs and Cash flow

There is no reason to have negative cash flow in any investment property when there are so many excellent investments, but you want to take advantage of hand outs and bail outs from all levels of government. The key of real estate investing is to always have huge positive cash flow without any liability. To learn more of the secrets, techniques, and strategies, we recommend that you must attend the Real Estate Investing Millionaire Strategy Apprenticeship.

Pay Less Taxes Legally

Canadian Real Estate Investing

Are you aware of the fact that the majority of the wealthy people pay less than 5% in taxes of their gross income? The average person will start paying taxes the day they were born until the day they die. There is very little education and information available which is a privilege to super wealthy millionaires. Again, we insist that one should invest in the proper education instead of paying 30-50% of taxes of their income. Making sure you are invested for tax efficiency can save hundreds or thousands of dollars every year, which allows your investments to continue to compound for use in the future.

While these five concepts may be easy to outline, it can be hard to implement without, mentoring, and apprenticeship. To learn more one should embark on the journey to learn at the Real Estate Investing Millionaire Strategy Apprenticeship.

Navtaj Chandhoke is a Canadian-based real estate investor, speaker, author, educator, entrepreneur extraordinaire and the founder of World Wealth Builders, a leading Canadian Real Estate investors education, mentoring center serving Canadian Real Estate investors since 1993.

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Real Estate as Retirement Investment

Many of you don’t realize how lucky your grandparents/parents were in the 1970s. They were able to purchase a much bigger home than the one you have now, with a much bigger property, but for a much lower price than you would pay today. Are any of you wondering how this was possible? Well let me tell you how! You see, the average house in 1975 would sell for $57,581. After 1975 the price for an average home increased by almost $5,000 a year and in ten years the price almost doubled! The market inflated until 1989 when the average house would eventually sell for $273,698. So, if you would have bought a house in 1975 and sold it in 1989 you would have made more than $200,000 just for living in the house for 14 years. Just imagine if you had bought more than one house, lived in one of them, and rented the other, you could be rich! If only our ancestors were more aware of the housing market and inflation, even we their grandchildren could be benefiting from their success.

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Real Estate Appreciation vs Inflation in Canada

Why invest in Real Estate? Despite the economic ups and downs that we have experienced in recent times with stock markets, secure investments such as in the real estate market continue to offer you the greatest and most consistent opportunities to build wealth and financial security for your future. In the most basic manner the most advantageous benefit of investment in real estate is that by doing so, this provides a hedge against inflation.

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