May 2019

Found 3 blog entries for May 2019.

Talk The Talk - Walk The Walk

I met with an old friend recently and during the meeting he said something that I have heard many times before, believe it or not; he said, “Alex, I hate real estate.” As we continued our conversation, he explained that he’s been watching our Weekly Talks and wanted to see if we are a match to work together. Most importantly, he said he has a level of trust with me. My client’s trust is an important factor in my business which is why I always treat my portfolios as an open book.    A couple weeks ago, I "talked the talk" about why investing in pre-construction condos is a great idea, this week it's all about the walk. I’ve recently purchased a pre-construction investment condo and decided this would be a…
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The Psychology of Real Estate

Maslow’s Hierarchy of Needs is a five-level model of human needs. These tiers are divided into three sections; the first being basic needs, the second psychological needs, and the last being self-fulfillment needs. The idea is that basic needs need to be satisfied before moving onto the next tiers. These basic needs include food, water, sleep, and shelter.

 

 

Today we’re going to focus on the basic human need of shelter. As an investor of real estate, you are investing in a basic need of every individual, housing.

When discussing investing in condos, one of the first questions asked are “How do I know I will get a tenant?” and “Why would someone want to live in them?” These are fair questions to ask.

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Buying a Pre-Construction Condo in Toronto

When buying a pre-construction condo, you are buying the right to purchase a unit which will be completed in 3 to 5 years at today’s set price. This is a great way to invest your money without having to worry about a mortgage right away and to participate in appreciation without actually owning the physical asset. The competitive Toronto market will also cause rents to continue to increase while you’re waiting, further improving positive cash flow.

Buying a pre-construction condo is quite different from the resale process. In the resale process, you are sent an MLS listing, you go see the property, if you like the property you make an offer, you negotiate, the offer is accepted, you provide the

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