Real Estate A

Stocks or Other Investments Vs Real Estate: One of the many reasons why I love real estate is because you can put your hands on it, it's real, and you can go out and touch it.

And that builds up your education and confidence level to actually put out an offer and really move forward with the deal, so it’s an important part of the process.

LLC (Inc.) vs Owning Property In Your Own Name | BRRRR Strategy

Difference between Buying properties under Inc. and Personal

You create distance between you and personal ownership; with separate tax ID. If something happens with tenants, lawsuit will be against Inc. It gives level of protection.

There are some expenses for this protection; registration, annual tax, conventional 20% tax, 5 plus properties. 2-3 properties / Inc. is better strategy. Some lenders prefer Inc. business.

Personal asset buying is for start up for first 5 properties. Low down payment, you buy insurance.

Tenant Screening | Amazing Hack To Get More Rent (Rent Paradox)

Renting slightly low than market is safer

12X11 = 13200; 1150X12 = 13800; 600 plus

Better tenants; After 12 months almost to the same rent

Brian Grimes Talks Real Estate - Why You Should Never Advance Contractors Money

Don't let contractors sell their excuses and stories. Prompt payment at the end and completion of work / project is right strategy.

Brian Grimes Explains How To Speak Like A Real Estate Developer | Buy & Hold Real Estate

Today and yesterday (we should have work completed) are good words while working with contractors.

Brian Grimes Explains How To Get Your First Rental Property In 3 Easy To Follow Steps

Motivated sellers

Buy from broken owners

I dentrify (transform) community. I bring people back into communities. I add density to communities and that creates a lot of value and restores community pride.

So it's part just my general mission and what I do by nature. I could go flip houses in an A class parts of the city and the nicest parts of center city. It's the same process of full gut renovation. It's the same lenders but it just doesn't fit with my community based mission. So I like to stay in my thing and keep my main thing the main thing and you will find hits in real estate. You can do 100 different things but the main things keep the main things. My main thing is rebuilding C class neighborhoods, dentrification and staying trapped in and I'm just trapped into my thing. I don't care what everybody else is doing. There is always gonna be something shiny, something special, something new. You know new age but staying locked in has its own power.

Now we have time for negotiation as compared to last 2 years when there was sellers' market and buyers were in competition with 10-20 other buyers.

What is the right time to buy real estate? No one can time the market in real estate. When you have pre approved mortgage, buy property and start building your equity.

In 2021 there were 122,000 transactions. 63,000 realtors. 2 transactions a year at the average per realtor. 80/20 rule applies. 20% of agents do 80% of work.

Inflation 6.8% in Canada highest in last 30 years, 8.9% in US highest in last 40 years. Bank of Canada is increasing interest rate 7 times. High interest rate lowers houses' prices. 3-4 months would be needed for flattening and going back to normal business.

Working bag; Laptop, Notebook, Lint Roller Brush, Card Holder, Make up bag, wallet. Lockbox, measurable tape, car key, sunglasses, snack bar

This is not sales, its' lead generation is the key. Giant funnel, more conversation can help. At the average 10 meaningful conversation a day is needed. Friends, friends' parents, their uncles, their cousins, their hairdressers.

Holding power can save you.

10 cheapest places (cities) in Ontario

https://vm.tiktok.com/ZMNm479SE/?k=1

Within last 10 years; From 2012 to 2022 comparison of property prices; Condo prices raised from 330 to 711k. Townhouse 340 to 994k. Semi 427 to 1.18M, Detach home 574 to 1.59M

Prices are not dropping, competition is less. Houses are taking longer to sell.

Who can afford to buy? Wealth transfer from parents to kids to start. People have paid off homes. Have a lot of equity (refinancing). Foreign money, trade up buyers. Partnership with other people to buy investment property. For FTHB is difficult.

181 price changes within last 10 days. We have small 60-90 days window

Some buyers on the fence, so less competition. Act fast, act now. You can buy at reasonable price.

Earlier march increase of interest rate and then July 13, 1% increase news is shocking. Volume of sale fell and prices of property fall. Deals go any way.

Buyers are tired of offers. 3-4% increase will make 400-500 difference. Buyers are scared which is natural. Sellers have started slowly adjusting their expectation. Still it's strong market.

Leasing: no need to sign again the agreement after 1 year. It becomes automatically month to month.

90 days required on prescribed form [Form N1 "Notice of Rent Increase" - Ontario].

Rent increase guidelines 2022 allows 1.2% increase yearly from 2200 to 2226, not 2300 (it's 4.5 % increase.

Advertisement: Best pre-construction projects in the GTA. Welcome to this Luxury resort style condo collection in Vaughan ON Prices are starting from only 450k $s. You can get 2 BR suite for under 700k $s. Plus incentives such as 8000 $s cash back for a limited time. If you are looking for a home or investment, contact me as soon as you can.

Is Door Knocking DEAD?

Consistently, effectively

Collected 200 contacts in 2 months

Money is in follow up

Building data base initially

How many doors you knocked

Building connection is face to face

Open house, door knocking, cold calling

Door knocking for personal growth - learn conversation skills

Door knocking for 6 months

It takes a while to learn

Why realtors should door knock on New Years Day

Surely some rejections but got 2 good leads

REALTOR AT 18? PROS AND CONS OF STARTING REAL ESTATE WHILE YOUNG

New brain new learning, people admire, help, respect

You create your own obstacles

There are less disadvantages, more advantages

Starting in real estate while young?

Reason of what you are doing

In real estate your schedule, no shortage of work

1st step: 4 hours talking to the people

Paralysis by Overthinking: “ Paralysis” Is A Lack Of Decisions Due To Overthinking: Overthinking can be one of the most detrimental things to us. The constant questioning of every decision we make sends us into a vicious spiral of thoughts that make us doubt our every move. The continuous string of questions in our head, if left unchecked, can completely paralyze you from doing anything until you wake up one day and realize you’ve been stuck in the exact same position and don’t even know why.

[Paralysis: complete or partial loss of function especially when involving the motion or sensation in a part of the body; loss of the ability to move; a state of powerlessness or incapacity to act.]

Gain confidence through door knocking

2 hours a day, talk to at least 30 people a day

More you do, more confident you become

Not many people go for door knocking

Yes, its TRUE! It took me 6 Months to do my 1st ever sale in Real Estate

1/271 in Canada; 1/84 in Toronto, more saturated, so go with experienced

Social media advertisement works in real estate

Don't be cheap as realtor; selling $1M house make $25k spent $16k to sell. Risk and reward process.

Must set aside excessive demands, strive to reach final deal:

One of the many reasons why I love real estate is because you can put your hands on it, it's real, and you can go out and touch it.

And that builds up your education and confidence level to actually put out an offer and really move forward with the deal, so it’s an important part of the process.

https://www.youtube.com/shorts/-wPeNdUMEEc

LLC vs Owning Property In Your Own Name | BRRRR Strategy

Difference between Buying properties under Inc. and Personal

You create distance between you and personal ownership; with separate tax ID. If something happens with tenants, lawsuit will be against Inc. It gives level of protection.

There are some expenses for this protection; registration, annual tax, conventional 20% tax, 5 plus properties. 2-3 properties / Inc. is better strategy. Some lenders prefer Inc. business.

Personal asset buying is for start up for first 5 properties. Low down payment, you buy insurance.

https://www.youtube.com/watch?v=ms4-tOzM6aI

Tenant Screening | Amazing Hack To Get More Rent (Rent Paradox)

Renting slightly low than market is safer

12X11 = 13200; 1150X12 = 13800; 600 plus

Better tenants; After 12 months almost to the same rent

https://www.youtube.com/watch?v=7fQ0rc8MqrE

Brian Grimes Talks Real Estate - Why You Should Never Advance Contractors Money

Don't let contractors sell their excuses and stories. Prompt payment at the end and completion of work / project is right strategy.

https://www.youtube.com/watch?v=sYCOOt1ybH0

Brian Grimes Explains How To Speak Like A Real Estate Developer | Buy & Hold Real Estate

Today and yesterday (we should have work completed) are good words while working with contractors.

https://www.youtube.com/watch?v=cCiCUZ2aO3Q

Brian Grimes Explains How To Get Your First Rental Property In 3 Easy To Follow Steps

Motivated sellers

Buy from broken owners

https://www.youtube.com/watch?v=n45jJGVFo08

I dentrify (transform) community. I bring people back into communities. I add density to communities and that creates a lot of value and restores community pride. So it's part just my general mission and what I do by nature. I could go flip houses in an A class parts of the city and the nicest parts of center city. It's the same process of full gut renovation. It's the same lenders but it just doesn't fit with my community based mission. So I like to stay in my thing and keep my main thing the main thing and you will find hits in real estate. You can do 100 different things but the main things keep the main things. My main thing is rebuilding C class neighborhoods, dentrification and staying trapped in and I'm just trapped into my thing. I don't care what everybody else is doing. There is always gonna be something shiny, something special, something new. You know new age but staying locked in has its own power.

https://www.youtube.com/shorts/VAjGWCHSbPc