TV Program Tips Investor Nikhil 51

TV Program Tips Investor

Legal Status: PR or Investor

PR has a lot of privileges; in Down payment (5-20%) and Mortgage

Investor needs 35% down payment [20% down plus 15% sales tax] and mortgage is not easy for rest 65%.

Canadian Banks look established income source preferably in Canada / USA

Credit History at least 2 years

These are challenges

All cash is different scenario

We assure interest protection even after 2 years you will not find any regret or surprise and you will realize, you got best advice.

Our business is relationship based. Trust building is our prime focus.

Rest assured if you leave $1M with us, it will grow to $1.1M

Win win is the basis human behavior everywhere Dubai, India, Canada

No one can guarantee for tomorrow. A right strategy can be developed / established using common sense.

In case of vehicle; we can check oil, engine oil, coolant, tire pressure; then we sure we are OK

Still risk is there but we did our part

Our advice will be based on common sense, you will realize.

Why it's safe to invest in GTA

Reason: Demand is more than supply

Canada is heavily dependent on immigration; students, professionals, entrepreneurs, labors

First need is house; 100,000; 60-70%  settle in Toronto, Vancouver

It's base of demand

Even matured immigrants move a lot

People upgrade, downsize their living frequently

Property buying becomes addiction for them; 1st, 2nd, 3rd, ....

Objectives of buying the property; short-term, long-term

Short-term; purchased a property in $1M and started payment of $3500/month

Renting is one option. Find renting potential area; Entry cost will be higher

These factors keep in mind

Long term is price appreciation

Purpose; investment or self-living

GTA properties; Entry cost will be higher but we will try one there

5 years before $800k was wow. Now $1M wow, Next year $1.2M wow, 1.4, 1.6, 1.8

One property to be purchase 50-100 km away from Toronto

We are not alone moving there. We are following a flock.

$500 to $600k difference $100k

$1M to $1.1 M difference $100k Scenario # 1 is better for us

There are many other factors taking under consideration

When everything is ready within 30 days we will produce the results.

Even you are new but you have full support of 21 years experience on your back

I was working with a big name brokerage but I realized I can serve much better then I started my own brokerage

At the moment I'm working from home, few agents already joined us, we are actively looking for office space

One has to carry staff

Cooking food for one person or for 10, number and sequence of activities is same. Washing dishes, ingredients etc.

Relationship is fine but doing business needs different level of confidence. 

You will realize we believe in action, not only words. 

We will prove our worth through our performance, we earn, not ask

You will realize, you're getting personal attention. 

I want to introduce you a group of investors

When we meet each other, vibes will tell you which type of person you are dealing with

You're so experienced, 50% you will see in a glance

You will realize, how practical nature person I'm

Location for Investment

East or West of GTA; a while ago, difference was large like $600k (E) and $1M (W) but not much now but still there is room. 

Question is how much entry cost we have available; 800, 900, 1M, 1.1, 1.2, 1.3

Entry cost looks apparently high but it is what it is

We will provide you right information and it will give you confidence

It will take a little while because it is not small decision like grocery

Types of properties; Condo, Condo townhouse, Freehold townhouse, Semi-Detached, Detached 

Condo has maintenance fees. It's like rent but entry cost is low. Snow removal and general maintenance is covered.

Freehold townhouse; rent range is 2400 to 2500 plus utility bills. 1-10 in row; 1 and 10 called end units.

If remove 2-9, 1 and 10 make Semi-Detached.

Detached are most expensive. It's open from all sides. It's highest category. Always in demand. Supply short. Has good market.

Semi-Detached and Detached are Freehold.

We need case to case evaluation; we cannot ignore East, West, Downtown or Suburb

Last year one property in East closed on $765K. 

After exactly 1 year it got sold in $1.1M gain almost $335k

Now 1.1 - 1.2 Next year 1.3 - 1.4 No one has certain answer

Every year appreciation again depends, vary property to property

Mississauga is always high demand area (900 to 1.2M); 300k

In some cases East 700k to 1.1M; 400k

800k to 975k is normal

Every person has same face; one forehead, two eyes, one nose, one mouth but some look more beautiful

Same is with properties; 2000 SF size is same but some layouts attract some buyers; many factors work

After visit and observation better to analyze and comment

Same street has a range of prices depending on the size and layout; 1.2 to 1.27M

50, 60, 70, 80, 90k difference range is norm

East  is Pickering, Ajax, Whitby, Oshawa, Bowmanville, Clarington

West is Etobicoke, Mississauga, Oakville, Burlington, Hamilton

North; Markham, Stouffville, Richmond Hill, Vaughan, New Market, Barrie

There are most expensive neighbourhoods in Toronto: Bridle Path-Sunnybrook-York Mills, Forest Hill South, Rosedale-Moore Park, Casa Loma, St. Andrew-Windfields, Yonge-St. Clair, Annex, Lawrence Park South

Prices are rising everywhere

High investment carries high risk

Business rule is start from least and calculate the gain.

As we go higher then automatically we have filtered / selected category, less number

Freehold townhouse 700-900k price range but 15-30 offers 

Now expertise of Realtor matters; What is fair market value and our max. Realtor must guide

For $1M property if one pays $1.2M, it's not right

We are not there to compete the people

850k-900k is good healthy budget for Freehold townhouse

Below this figure then there will be compromise

Condo price; sometimes it appreciates well

Maintenance fees increases every year; this is like rent

Semi-Detached and Detached are the best but again we need some math.

Our concern is best ROI (Return on Investment)

For us may be better to go for 2-3 Freehold townhouses instead of Detached

We'll make our strategy

ROI will come from everywhere; question is how to maximize it

You'll realize the difference while working with us

1-2 year holding capacity works; there is chance of making profit even before but to avoid regret 

Like 765k and 1.1M in one year gain property case

Crucial study is needed

When market is picking up, don't exit, still there are chances to enter

From last 5 years we are hearing bubble burst

No one can forecast some big disaster, otherwise market evaluation is there to learn, it's growing

Now ordinary house price is $1.8M

Due to COVID, new immigrants are restricted, job market is slow, even then market is very high

In 1989 there was a market correction time

80-90 % people try to hold their properties. Even they try to buy more when market slumps and poor economy time

1 / 2 year time goes in this way

I'll not sell my property in $1M which has value of $1.2M

It's like share market. When a company sells shares on low price, people buy it. They know price will pick up.

When we are talking about investment, we keep in mind that buyer is on level 2 and above average

Survival of the fittest cruel reality rule works. When we are planning to buy 4 properties, people have the capability to hold for 2 years

We have proper guidance about strategies, properties, opportunities for your your benefit

We have great team of mortgage, lawyer, handyman, cleaning

We provide full service, we prove our worth

We are small group but we produce results

1, 2, 3 years; immigration has to be opened

People need food, people need to work, people always take risk

If market correction comes, we will use it in our benefit

Property buying is like an addiction; people go for 2nd, 3rd, 4th

Irrevocable is important component of sale purchase component; time bound, time during which that offer can no longer be changed by the party that submitted it; essentially the time at which offer expires for other party. 

Other components are price, conditions, clauses.

We work with all builders for new construction and preconstruction all over GTA. In the North up to Barrie, in South up to Niagara Falls.