Throughout the history of this website I have discussed various aspects of real estate investing and the involvement of joint venture partners but what happens when you’re buying properties with different joint venture partners?
Real Estate Investing With Multiple Partners
Anytime you bring in a partner, whether it’s a joint venture, a partnership or a corporate structure, as long as the investments are significant, there should be separate corporations for each of those partners. Now this greatly depends on your definition of significant because mine might be different than yours.
You have to make sure that the costs associated with… Continue reading
Those of you interested in real estate investing are in for a real treat with this article as I have a special guest that joined me for a recorded podcast that you can find right below. If you prefer to read a brief summary, scroll down beneath the player to see some of the initial highlights from the interview I did with Kosi.
You can also download the audio if you prefer to listen to it later on your iPod or any other audio device compatible with MP3 files. I highly recommend you listen to the entire podcast, as there… Continue reading
The key when attempting to get a new mortgage or financing for anything is echoed by the famous motto and mantra of the Boy Scouts: Be prepared! It’s true out in the wilderness and it’s equally true in the world of financing. If you are about to make one of the biggest commitments in your life, make sure you know these 3 Canadian mortgage tips first.
1. Create a Package
If you walk into a bank, financing company or mortgage broker with some sort of package organized with all the important and relevant information, you are going to be much… Continue reading
Canada is a big country. One of the things I have always said when looking at purchasing real estate is to pick your area and pick it for the right reasons. Do I believe there are areas in Canada that are prone to issues or that I might personally have issues with? Absolutely.
Not everywhere in the country is going to offer lukewarm investment opportunities, even during a recession – you just have to dig a little deeper to find them.
There are certainly areas of concern for real estate investing within Canada but everyone has their own reasons for… Continue reading
Success in real estate investing depends on the strength of your team. That’s one thing I will always talk about because you need to build your power team and ensure you have the right people on it. Like any business and industry, you are only as strong as your weakest link so choosing a core team of professionals is an essential part of the foundation of your success in real estate.
Due Diligence Must Be Done Professionally
One of the people you need in your real estate investing power team is a good property/building inspector. It’s so vital to… Continue reading
In my last article I discussed and did a book review on real estate investing by Peter Kinch called The Canadian Real Estate Action Plan: Proven Investment Strategies To Kickstart & Build Your Portfolio but we did not discuss one of the key strategies discussed in the book called the 3-action phases.
Each phase covers a different phase of a real estate investing cycle Kinch promotes in the book. I personally agree with many of his philosophies and ideas and this one definitely condenses a general outlook that’s digestible for new and seasoned real estate investors alike.
Phase One:… Continue reading
This week I wanted to highlight a great book on real estate investing called The Canadian Real Estate Action Plan: Proven Investment Strategies To Kickstart & Build Your Portfolio by Peter Kinch.
One of the reasons I read these books is to increase my knowledge of what other people are reading and expose myself to other trains of thought to help me inspire my clients, (and myself), to be better with their own investments.
The book is perfectly titled because it’s a step-by-step plan on how to really move yourself into real estate investing. I’ve written many articles in… Continue reading
- How you’re getting into it
- Being in it
- How you’re getting out
When you really look at it, there are only those three phases (mentioned above) in any real estate project and mistakes can be made throughout each one of those phases. You have to make sure that you’re committed to your real estate investment throughout all phases otherwise it could fail.
Real Estate Investing Mistakes You Need To Avoid
1. Buying It… Continue reading
First off, I have to say that I am not being paid by or am I affiliated in any way with the Canadian Real Estate Wealth Magazine. I legitimately believe in the strength of this publication as a knowledge resource for the greater real estate investing community in Canada. Now that I’ve gotten that out of the way…
This weekend I read the latest edition of the Canadian Real Estate Wealth Magazine and I like to reference this magazine a lot in my blog because I do believe it’s an important publication for people who are in involved in real… Continue reading
Mortgages are a hot topic with any tax advisor and they are certainly no stranger to Kelowna accountant, Ken Davidson. In this blog, Ken gives his advice on whether or not to lock in an interest rate for mortgages on investment properties.
When it comes to real estate investing, the debate on variable interest rates vs. fixed is a hot one with many different perspectives and beliefs. The question always boils down to the simple “yes or no” answer that everyone seeks…but there is never a simple, straight answer because that would be too easy!
The answer, generally, is yes.… Continue reading