Real Estate Investing
New to Real Estate Investing? Just Getting Started? Veteran Investor looking to Free Up Time? Then Read on!
Ken has been where you are, looking for the answers to many Real Estate Investing questions. Below is a quick background to give you an idea of the See it, Believe it, Plan It and Do It!
Ken’s journey was such that he wanted to create a legacy for his children, something to leave behind other than debt. He found out that some of the most successful people in the world use or have Real Estate in their portfolio. So, in 2011, he began researching how to invest in Canadian Real Estate.
He found, studied and analyzed the majority of the REIN (Real Estate Investment Network) education models of investing in Canada. It was like drinking from a fire hose as he was blasted with tons of great information, which he had to break down into manageable sized pieces and then begin. In 2012, Ken purchased his first duplex, renovated it and rented it out. Using what he learned as well as the strategic partnerships created along the way, Ken began duplicating the process and purchased more property.
Given what he learned over the years and the results achieved, Ken found out that others want to invest but don’t have the time to “learn the ropes” as he did. So now, Ken is able to help others save time and money by leveraging his knowledge and experience to achieve their own desired financial results. He now applies this systematic model to Real Estate Investing to achieve investment goals for his clients and partners. Ken decided to become a Realtor so he could further be of service and to help others achieve the results they desire.
(you’ll be taken to The Legacy Real Estate Investing Site)
Click Here to learn more LEGACY Council of Canada
When to Invest?
As it may be with many other investments, for Real Estate, its not about timing the market but time spent IN the market.
Being strategic about your investments helps position you so that you can enter/exit the market at your discretion. Strategic meaning, what location is posed for growth and in what time frame that may happen. What’s the market doing? Are employers moving in or out etc… What stage a city/town may be in the Real Estate cycle. Boom, Recovery or Slump. What strategy of investing works in that market given its current and future position (Buy and Hold, Fix and Flip, Rent to Own)? Not all strategies work in any type of market.
If you can properly prepare yourself by analyzing these market fundamentals amongst other things (market influencers) then you can enter or exit the market to fully maximize your return ON and OF your investment(s).
A great book Ken recommends here is “The Real Estate Cycle” by Don R.Campbell. Its a great read to learn more about market behavior.
Where to Invest?
Location, Location, Location. Start with Those Fundamentals You Need in Order to Maximize Your Investment.
When investing, you’ll want to learn more about a particular community or area. Are you having difficulties figuring out which neighbourhood would be perfect for you? Do you need information on communities in other parts of the city?
Allow Ken to help.
As a real estate expert, Ken is able to provide you with important insights into a range of communities so you can make a more informed decision.
He can get you details on:
Type and style of homes.
Age of the community.
Local amenities such as schools, parks, community centres, rental trends etc.
Commuting routes and access to public transit.
Properties currently listed for sale and rental potential.
General characteristics of the area, past trends and buying patterns.
Start with end in mind and work backwards from that. That’s why Ken’s committed to helping you make the right choice(s) by defining your destiny from the end, back to the beginning.
How to Invest?
How to invest in the most common question of all. There are many ways to go about it and any one can invest in Real Estate but, being a strategic investor is what matters most so you can maximize your returns, manage your risk and mitigate your exposure.
First, you’ll want to take an inventory of where you are in your life and your finances. Then, set realistic investment goals for your yourself and set a plan to achieve them. Set dates and milestones for those goals so you have something to shoot for. Next, you’ll want to leverage your resources (a team of experts) to help with the day to day stuff so you can maximize your time aligning the action steps to reaching those goals you set up. Then start taking action!
By doing the above you now can ensure your on track to achieve what you set out to do.
Think of it like taking a trip on Google maps (or any GPS software) . The stuff in brackets are the common questions “Maps” will ask you.
Where do I want to go? (destination)
Where am I, can I afford to go? (starting point)
How will I get there? (vehicle to use to get there)
Whats the best route to take? (select your route, tolls etc..)
What happens if? (stops along the way, roadblocks or detours)
How long until I get there? (estimated time of arrival)
Begin (start trip)
Now there are many questions or ideas inside each of these steps, but this should give you a good start of how you can achieve what you want in any aspect of your life, not just investing. I use this in all aspects of my life and I can tell you that without directions we’d be just wandering without knowing where we’d end up.
Let me know if you you need some assistance with creating your own trip to wherever it is you want to go using Real Estate as that vehicle.
For most, there’s the obvious reason, MORE MONEY! but it’s not just about the money. Its the stuff money can do and provide which is why most want it or need it.
Enter your details below in the contact section and I’ll send you a Free White Paper which talks about being or becoming financially prepared for things in life and the curve balls to be ready for. Reading this best re-iterates why investing should be on your list of priorities, if its not already.
Need help identifying your reasons why? Contact me so we can chat about what’s important to you and the reasons Real Estate Investing might be for you.
Who to Invest In?
Invest in yourself! This one of the best return on investments you can do. Whether it’s learning a new skill, developing yourself personally or professionally, or hiring a coach, you need to feed yourself first before you can give to others. Picture yourself on a island with a small dependant who relies on you and there is only a single serving of food left. Who should eat, you or your dependant? The answer is You! As selfish as it sounds, you need the nutrients and energy in order to go out there and find more food to provide for your dependant to ensure their survival.
Here are some ways that you can invest in yourself and they don’t all require money.
1. Set goals. Learn how to set personal and business goals for yourself. If you’re not taking the time to set goals it’s like driving in the dark with the headlights turned off. You will not know where you’re going and you will waste precious time. Be sure to also set some time frames in which to meet them. Your goals should be SMART goals -Specific, Measurable, Attainable, Relevant and Timely.
2. Take care of your health. Eat right each day, fueling your body with nutrients. When you focus on eating organic and healthier choices, you will feel better and have more energy. I know that the unhealthy burger or cupcake gives us instant gratification, but if you’re like me, you regret it later, because you feel lousy afterwards. Exercise daily. Do something every day to get moving and get your heart rate up, even, if it’s just walking the dog. Exercise gives you the energy to take on the day with confidence because of how it makes you look and feel.
3. Read educational books. Books or audio books are an awesome resource to build your knowledge and expertise in any area.
4. Attend seminars and workshops to expand your knowledge and skills in your business and/or personal life. This will also give you the opportunity to meet and interact with individuals who are like-minded.
5. Choose to be happy. Happiness is a choice. Happy people choose to focus on the positive aspects of life, rather than the negative. They are not held hostage by their circumstances. They see things for what they are, not worse then they are or could be. They look at all the reasons to be grateful. Replace your expectations for appreciation and your attitude will change along with your mood. Majority of people say I’ll be happy when I have this or that” but what brings that happiness? You choose to be happy when you get or receive something, so its not the physical item(s), its your brain telling you to be happy because you choose it after you have that something. Why not choose to be happy right now. It makes a huge difference.
6. Work on your bucket or task list. If you don’t have a list, then it’s time to start one. Your list is meant to be a list of everything you want to achieve, do, see, feel and experience in your life. Your list may be ongoing, but you can start by writing 100 things down. Then each month or so, make sure you’re knocking out at least, one of the items on your list.
7. Invest in a coach, mentor or expert. A coach/mentor can assist you in putting all of these strategies into action. A coach is your partner in success. It is their job to assist you in creating and implementing your success plan, so you can become the best that you can be. An expert is better utilized as you don’t need to spend years learning what they learned. You can leverage their knowledge which frees up your time to do what you do best or love to do! They also provide guidance and insight where needed to help you make educated decisions.
When you invest in yourself, opportunities will open up for you. If you have a business where you sell your services, you must know that no one will invest in you until you invest in yourself first.
Investing in yourself physically, mentally, financially and emotionally , will allow you to become the best version of yourself.
Take a self assessment to see if you are prepared. Click Here.
What to Invest In?
Below is a general summary of various Real Estate Investing categories. There are many different strategies investors use throughout which warrent a much broader and detailed conversation. Contact me directly for an area of investing you may be interested in learning more about.
Residential real estate investing – These are properties that involve investing in real estate tied to houses or apartments in which individuals or families live. Sometimes, real estate investments of this type have a service business component, such as assisted living facilities for seniors or full-service buildings for tenants who want a luxury experience. Leases usually run for 12 months, give or take six months on either side, leading to a much more rapid adjustment to market conditions than certain other types of real estate investments.
Commercial real estate investing – Commercial real estate investments largely consist of office buildings. These leases can be locked in for many years, resulting in a double-edged sword. When a commercial real estate investment is fully leased with long-term tenants who agreed to richly priced lease rates, the cash flow continues even if the lease rates on comparable properties fall (provided the tenant doesn’t go bankrupt). On the other hand, the opposite is true – you could find yourself earning significantly below-market lease rates on an office building because you signed long-term leases before lease rates increased.
Industrial real estate investing – Properties that fall under the industrial real estate umbrella can include warehouses and distribution centers, storage units, manufacturing facilities, and assembly plants.
Retail real estate investing – Some investors want to own properties such as shopping centers, strip malls, or traditional malls. Tenants can include retail shops, hair salons, restaurants, and similar enterprises. In some cases, rental rates include a percentage of a store’s retail sales to create an incentive for the landlord to do as much as he, she, or it can to make the retail property attractive to shoppers.
Mixed-use real estate investing – This is a catch-all category for when an investor develops or acquires a property that includes multiple types of the aforementioned real estate investments. For example, you might build a multi-story building that has retail and restaurants on the ground floor, office space on the next few floors, and residential apartments on the remaining floors.
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