Sarah was interviewed on the Fempreneurs Podcast with Elaine Slatter – here is a link to Elaine’s website
Here is the link to the interview – click here
Blog
Canadians Investing in the USA the Differences You Need to Know & Understand with Omar Khan
Canadians Investing in the USA with OMAR KHAN
Today’s Guest:
Omar is a successful investor with 10+ years of experience in real estate investing, raising capital, buying multifamily investments, and in syndications. With a history and preference towards Commercial Real Estate Investing, Omar has become an active and successful Canadian investor now living in Texas.
Episode Highlights:
- Learn about investing in the USA
- Learn about the main differences between Canadian and US Real Estate Investing
- What do Canadians need to know before they invest abroad
- Understand the factors to consider before investing in American Real Estate
- What are some of the misconceptions we hear about that we can’t or shouldn’t do as Canadians (such as 1031 exchanges, LLCs etc.)
- What are some of the best ways for Canadians to Invest their money in the USA
- Storage and Mobile-home investing
- How to get a team on the street while living in another country
- Learn about syndications
Contact Information:
For more information, visit www.boardwalkwealth.com
Email Omar at omar@boardwalkwealth.com or call him directly at (214) 727-8643
Battle of the Sexes: How Millennials’ Financial Attitudes, Habits Differ by Gender
PNC Investments released findings from their 2018 Millennials & Investing Survey
Among respondents, female millennials report having saved an average of $66,700 for retirement compared to the $101,500 male millennials have saved
19 percent of female millennials and 36 percent of male millennials say they have a solid understanding of how to successfully invest their money
Male millennials place a higher premium on alternative investments (i.e., cryptocurrencies) to help them retire successfully
You can see the full infographic and report by clicking here or copy and paste
https://www.prnewswire.com/news-releases/battle-of-the-sexes-how-millennials-financial-attitudes-habits-differ-by-gender-300664862.html
This is a very interesting article that shows that even though we are in 2018 there are gender differences when it comes to financial knowledge and investing habits. Women, including millennial women, are not as much risk takers when it comes to investing so they will save or invest more conservatively. However, with time on our side, this is the time to look for investment opportunities that are geared towards growth as we are able to absorb market downturns by holding on for the longer term. A market dip will not affect us as much as a baby boomer retiring in the next couple years.
It is important that as a millennial man or woman, we look for the growth opportunities rather than being too conservative as we have the compounding effect on our side.
For example if you were to invest $10,000 today and not put in another dollar and wait 20 years here is what you would have:
Very Conservative/ GIC type of fund 1.5% = $13,469
Conservative fund mutual fund 3% = $18.061
Stock market balanced growth fund at 8% = $46,610
Growth fund at 10% = $67,275
As you can see being too conservative overtime will have a detrimental effect on your retirement plan.
Also, a very important thing to note is that fund fees and management fees can negatively impact your progress over time in the same way. In Canada, we pay ridiculously high fees.
Mentor Tip: Always ask how much the fund fee is as you may realize that you are losing most if not all of your money to the financial advisor you are paying that is pocketing this in commissions. And then factoring that each year inflation absorbs 2-3%of our return, going to conservative results in your dollars shrinking. Over 20 years, a 2.5% fee will cost you $16,386! Reducing it by 1.5% to 1% or less by buying an ETF (exchange-traded fund) or the index, for example, can save you $4,184 in 20 years. And the more money you start with the more money you can lose to these fees.
It’s unfortunate that many don’t realize this until they are ready to retire. So as we are still young and have time on our side, let’s invest wisely now so that we can reap the rewards later on.
Click the button below to download my free report – “The 10 Questions Millennials Always Ask Me About Real Estate Investing”
Using the BRRR Method to Create $100k Equity on the Best Ever Podcast
Sarah was interviewed on the Best Ever Podcast #BestEverShow with Joe Fairless – here is a link to Joe’s website
Here is a link to the interview – click here
Why You Need a Paralegal For Investing with Wenda Allicock
In this episode, Sarah speaks with her very own paralegal Wenda Allicock.
Today’s Guest:
Wenda worked as a property manager before becoming a successful licensed paralegal specializing in Landlord and Tenant Law. She’s also a real estate investor in Brantford and a landlord.
Episode Highlights:
- Why work with a Paralegal?
- Learn about the recent changes you need to be aware of as a Landlord.
- Learn about the New Standard Lease Agreement.
- Hear about other important regulations and forms
- Hear about the potential legalization of marijuana and how can landlords can protect their rights
Contact Information:
For more information, visit https://www.wendaallicock.com
Wenda can also be contacted directly at (519) 751-8624
How I Built a Million $ Portfolio in Under 5 Years on the Well-Off Podcast
Recently I was interviewed about my story on The Well-Off Podcast podcast with host George El Masri – here is a link to Georges website
How to Get Your Millennial Off Your Couch and Into Their Own Home
A recent article in the National Post; “Millennials’ prolonged stay at Parents Inn is having a profound impact on housing markets – but the desire to own a home remains strong” got me thinking that there is already a workable solution to this.
There is no denying this is a very real and very true issue. Millennials are living at home for longer than before, and parents are feeling the pressure financially to take care of their grown kids as well as prepare for their own retirement.
In my opinion, the issue could be partly alleviated by some additional planning and out of the box thinking ahead of time.
For example, I have a few investor friends with kids and as soon as their kids were born or were very young, they bought them a house instead of putting money aside in an RESP. It can be a less expensive investment house outside of the main city, perhaps near a university town an hour or 2 away from a major city.
When your child is 18 and ready for post-secondary school, the house has not only been paid down by more than 1/2 but it has appreciated about 4% a year! Your young adult child now has the ability to use the equity towards a university degree or move into the house or even sell it and use it as a downpayment on another house. There are just so many more options than you would ever have with an RESP.
Let’s look into it in more detail so that when you have kids of your own you can plan to not have them live with you until they are in their thirties:
Buy a house for $250,000, downpayment and closing costs of approximately $60k. (Yes I know, it’s a lot but maybe as a parent, you already own a house and can use the equity in your primary residence to get the downpayment together). After 18 years you will owe only $108,882 on the mortgage and the value of the house will be a whopping $506,454!!
There are now endless possibilities, so break the cycle and think outside the box.
For now, the issue of millennials still living at home exists and will continue to exist but I believe one day you can get yourself out of being one of these stats and do the same thing for your future kids.
The Pros & Cons of Rent to Own Investing with Alfonso Salemi
Episode 16 – Alfonso Salemi
Are you a real estate investor looking to sharpen your skills? Or a newbie looking for your first investment? You’ve come to the right place! Join host Sarah Larbi for a journey into the world of Canadian real estate investing. In this episode, Sarah interviews Alfonso Salemi to discuss Rent to Own strategies.
Today’s Guest:
Alfonso Salemi was working a J.O.B (which stands for Job also known as Just Over Broke) when he realized that he was trading his time for money and spinning his wheels. He then turned to Real Estate Investing and formed JAAG properties with his partner Adam Wissink. Alfonso and Adam now own 50+ properties. The majority being rent to own. However they also have success in regular rentals as well as short term cottage rentals.
Episode Highlights
- Rent to own tips and strategies
- How to find joint venture partners and use their money
- Learn about the advantages and disadvantages of Rent-To-Own vs other types of real estate investing
- And much more!
Contact Information:
For more information, visit www.jaagproperties.com or send an email to Alfonso at alfonso@jaagproperties.com
Are Millennials Really That Bad With Their Money?
Like the video above there seems to be a lot of news and media about how millennials are at a disadvantage and we have it harder than other generations.
My thoughts are we need to look at our current situation and instead of feeling sorry for ourselves, put in 120% effort to make a change happen. It can take years to do so and many many hours but it is well worth it. We are living in new times where things are more expensive and housing seems to be harder to get than before. There are more items being sold and more marketing pushing us to buy things but let’s have some restraint!
This is the reality of changing times, millennial or not, it is getting harder to spend less and invest more. We need to accept it and work towards making a change for ourselves and understanding our needs vs wants. If we want to afford a house then let’s learn and educate ourselves on how to do this. It is not by thinking about it for a few days or reading a couple books, it takes more work and effort than that.
If you truly dedicate yourself to learning financial literacy, understanding how to invest for the long term, you will be able to defy the odds and not be a statistic.
The Canadian Real Estate Investing Landscape – 25 Years of Research and Analysis with Don Campbell
Episode 15 – Don Campbell
Are you a real estate investor looking to sharpen your skills? Or a newbie looking for your first investment? You’ve come to the right place! Join host Sarah Larbi for a journey into the world of Canadian real estate investment. In this episode, Sarah speaks with Don Campbell on current real estate trends, top Canadian markets to invest in, and much more! You do not want to miss this one!
Don R. Campbell is a Canadian-based real estate investor, researcher, the best-selling Canadian real estate author in history, author of 8 best sellers and a real estate investment educator. He is the Senior Analyst with the Real Estate Investment Network which has entered its 25th year of providing unbiased research and analysis on Canadian real estate markets.
Don made his first investment in residential real estate in BC’s Fraser Valley back in 1985 and hasn’t looked back since. His portfolio now includes Light Industrial, Residential, Commercial and Agricultural properties across Western Canada.
Don shares his strategies and economic research and he can speak in detail on any market in the country and is not afraid to tell the truth about where the market is headed. Don is a trusted on-air expert in media and his research and systems have allowed him to accurately forecast trends, markets and demographic shifts long before they become mainstream, thus giving his clients a unique, long-term advantage and perspective. He has become the go-to for many media outlets who are looking for unbiased analysis of any real estate market across the country.
Connect with Don Campbell:
www.donrcampbell.com
FB: Thereinman
Twitter @donrcampbell
Are Millennials Being Excluded From Buying Real Estate?
Here is a great article from the CBC about millennial housing trends. Click here or copy and paste https://www.cbc.ca/news/canada/toronto/millennial-home-buyers-1.4636387
Millennial home buyers are facing more competition with smaller budgets: report
Millennials have seen their purchasing power slashed by 16.5 percent since sine 2017
The stress test seems to have slowed down the market slightly among other changes done by the Liberals and financial institutions these past 12 months. Prices have dropped somewhat and we will see it go back up eventually as it always does overtime.
It is however great to see millennials starting to think outside the box by buying outside of the main city and into more affordable markets. Something I have been preaching about now for quite some time. A 1.5-hour drive can get you a house under $250,000. As for what you can afford, I think its important that every millennial looking at buying a home in the next year speak to a mortgage broker to truly understand what they can afford to buy and at what terms before they start shopping around.
Personally, I think that Toronto will continue to remain expensive and out of reach for most millennials regardless of any government or financial intervention, but let’s not let that stop us. There have been so many improvements to transportation that it allows us to more easily commute in. Think of the Go Train expansion in the past few years into Barrie and St Catharines.
Looking at it from the perspective of a cashflow investor this is all good news for us, as ultimately, it means more tenants and future tenants for the rental market. Rents will keep increasing and demand will remain high for rental units. Millennial friends, I suggest that you look into investing in real estate rather than buying your primary residence.
House prices will go up and down, market cycles will happen, banks will make it more and more difficult to borrow, new regulations will be implemented, but those who are dedicated and find a way to own rental properties will come out ahead at the end of the day.
What are your thoughts? I would love to hear in the comments below.
The Biggest Mistakes Investors Make with Laurel Simmons
Episode 14 – Laurel Simmons
Are you a real estate investor looking to sharpen your skills? Or a newbie looking for your first investment? You’ve come to the right place! Join host Sarah Larbi for a journey into the world of Canadian real estate investment. In this episode, Sarah speaks with Laurel Simmons to discuss “finding your WHY” and the importance of having a WHY.
Today’s Guest:
Laurel Simmons bought her first investment rental property in the early 80s when she really didn’t know what she was doing. Fast-forward to today, and along with her husband, Daniel St-Jean, she is a partner in two real estate investment companies – one specializes in rent-to-own properties and the other in buy-and-hold single-family rentals. She also works with the founding members of the Southern Ontario Real Estate Investment Training Club to help make sure club’s events are they best they can possibly be.
Laurel has spent over three decades working in the consulting world both with hi-tech and government organizations. She’s traveled the world as a consultant, speaker and trainer and finally she’s travelling to where she wants to go WHEN she wants to go and for as LONG she wants to go without in any way having to worry about her clients.
As much as real estate investing has brought significant freedom to Laurel and her husband, real estate investing is NOT Laurel’s passion. Her passion is wine and travel – in 2014, she and Daniel moved from Ottawa, Ontario to Niagara-on-the-Lake where she studied full time learning the ins and outs of being a wine-maker and viticulturist at Niagara College. After that she began dragging her husband Daniel to taste different wines in places all around the world (and she’s never heard ONE complaint from him!)
Now as Laurel and Daniel spend more time exploring all the wonders of the world, Laurel has begun looking at a question that has presented itself to her many, many times… and that question is “Why?”… a question that is especially relevant for real estate investors.
Episode Highlights:
- Why is it important for people and investors uncover their WHY?
- Learn about some of the biggest mistakes Laurel see’s real estate investors make when it comes to defining their strategy?
- Why is figuring out your why going to change your life?
- What are some specific tips for people who might have trouble figuring out their why?
Contact Information:
www.Sasreig.com
www.moremoneymoretimeforlife.com
Laurel’s email to get free 1 on 1 coaching interview with Laurel:
Laurelrsimmons@gmail.com