July 2017

Found 2 blog entries for July 2017.

Alexjwilson.com Presents: Episode #7 - My journey from $39,300 to $1,000,000 by investing in Toronto Condos. In previous episodes we have discussed:

- The fundamentals of the Toronto Condo Market and why we believe in it.
- We have discussed current market conditions and why we believe prices will still go up.
- We have given you the road map on how you can grow your own portfolio to over $1,000,000.
Today we discuss THE WHY. We get into the details on why you need to do this. We are not doing this to get rich, we are doing this to set ourselves up for the future. When watching this episode ask yourself where you want to be in 5, 10, 15, 20 years time.

We also discuss my 'whys'. If you are going to go on this journey with me I want you to know

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We have a very exciting episode today, because today I’m going to show you the road map on how to turn your initial down payment into $1,000,000 by investing in condos in downtown Toronto.

Previously, we have talked about how your principal residence has gone up in value. That’s fantastic, but the only way to unlock that value is if you sell. Since you also need to live somewhere, selling is not an option. So how can we tap in that equity?  Well, what we can do is go to the bank. We will talk to a banker who will send an appraiser to the property to give an appraisal of its current market value. The appraiser will also unlock the equity on property through a home equity line of credit.

Now, what we do with the home equity line of credit is

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