My Journey - Investing In Toronto Condos - How I Turned $39,300 into $1,000,000

My Journey - Investing In Toronto Condos - How I Turned $39,300 into $1,000,000 

My Name is Alexjwilson.com and I am a very successful Realtor in Toronto. What you may not know is that I have been EVEN MORE successful in my Real Estate Investing Career. I have done this by investing in pre-construction condos. I want to take you on my journey on how I am turning an initial investment of $39,300 into $1 Million Dollars. Our videos will show you how I invest in Toronto Condos and how can you start your journey to building financial freedom by investing in Toronto Condos.

Found 17 blog entries about My Journey - Investing In Toronto Condos - How I Turned $39,300 into $1,000,000 .

Don't just take my word for it. We have someone else that built a 15M real estate portfolio!

In today's video, we take a look at a recent article in the Toronto Star titled How a TTC driver quietly bought up a corner of the city. 

In this article, The Toronto Star details the life of a Portuguese immigrant, Manuel Gomes, who moved to Canada decades ago with no money and began a career as a TTC driver. What people didn't know about him was that he was slowly accumulating an extensive real estate investment portfolio, which in today's money is worth $15M. 

How is that possible?

Over the years, Manny got in the habit of purchasing property, holding each one for a short while and then renting it out, doing this repeatedly until he eventually

24 Views, 0 Comments

A Minto Success Story

There are great new opportunities coming to us from Minto in the next few weeks, but before we look into the details I wanted to share my own experience when investing in a Minto building. 

In 2014 there was a development called Minto Westside that went up on the corner of Bathhurst and Front Street, on the peripheral of what we know as King West. There are over 600 units in the project and a Farm Boy grocery store going into it. Myself and my team were responsible for representing the landlords and putting people in the property. Though the project was great and we were able to sell over 30 units, making us responsible for over 5% of the building, it was slightly difficult to sell as some of my regular investors did not

118 Views, 0 Comments

I was inspired to create this video and article when I attended a wedding last weekend where I had the chance to catch up with a good friend from university. He’d come to Toronto from the US to attend the wedding and had the opportunity to invest into some condos, as well. In the end, he chose not to invest in Toronto condos because he didn’t believe in the market.

If you’ve been on the fringes of investing or contemplating selling the properties you already own, I’m hoping my personal experience will encourage you to invest and keep your condos.

My Real Estate Net Worth

After the wedding, I decided to calculate my real estate net worth and show you what I’ve grown since 2012 with an initial deposit of $39,300. This involves taking current

120 Views, 0 Comments

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

2,309 Views, 0 Comments

 

I am going to perform a magic trick - I can turn 1 Toronto condo into 3 Toronto condos and $500,000 worth of Real Estate Equity in 5 Years. 

Really......I can. 

Click read more and watch the video above to see how it is done. 

Here is the greatest part of this magic trick. It is not a trick at all - IT IS REAL AND YOU CAN DO IT TOO. 

Sign up below for your portfolio review and I wll show you how we can do this with your existing real estate assests. 

Let's start your journey to $1,000,000 in Real Estate Equity. 

 

 

2,526 Views, 0 Comments

Alexjwilson.com presents his 5 predictions for the Toronto Condo market in 2018:

1) Resale Sales on TREB will hit 100,000 units. 

Resale Sales on TREB will hit 100,000 units – up 10% from 2017. We expect a normal volume after last year’s boom and bust market. Our forecast is based on the fact that there are lots of buyers waiting for the market to settle down and for more listing product.

2) The ‘Sweet Spot” in the GTA will be properties located in the 416 area between $500,000 and One Million.

The ‘Sweet Spot” in the GTA will be properties located in the 416 area between $500,000 and $1,000,000. There is a shortage of listings in this market area and most millennials want to live there and can afford these prices. There will be an

738 Views, 0 Comments

What performed better over the last 5 years. Apple Stock or the average Downtown Toronto Condo?

Watch the full video above to get the breakdown. 

To mark the launch of the Iphone X we look at what performed better - Apple Stock or the Average Downtown Toronto Condo. 

The winner is the Average Toronto Downtown Condo by using leveraged returns AKA putting a mortgage on the property. 

When purchasing a condo as an investor you are not going to purchase the property all in cash - you are going to get a mortgage on the property and put 20% of the purchase price down. 

APPLE Stock VS Toronto Downtown Condo

5 Year Return 

Date

Price

Apple Stock

Oct. 26, 2012

$77.96*

Apple

15,950 Views, 0 Comments

BREAKING NEWS - The sky did not fall and condo prices did not go down in September 2017 - they went up.

We ran the numbers:

The average price of a downtown Toronto condo was up 2.07% in from August 2017 ($614,671) to September 2017 ($627,393).

The average price of a downtown Toronto condo was up 20.63% from September 2016 ($520,089) to September 2017 ($615,734).

Watch the above video to get an in-depth look at the statistics and how your return would be 89.97 % on your total investment dollars.

If you want to start your journey to $1 Million dollars and plan your road map reach out to us and we can teach you how. Either email us contact@alexjwilson.com or call 416-996-5181.

I want to help you retire early and build generational wealth.

353 Views, 0 Comments

Alexjwilson.com Presents: Episode #9 - My journey from $39,300 to $1,000,000 by investing in Toronto Condos.

FAKE NEWS - When you read the headlines - The Greater Toronto Area Real Estate Market has dropped 35% it can be unnerving but I can assure you that this is not the case with the Toronto condo market.

We ran the numbers:

The average price of a downtown Toronto condo was up 18.4% in August 2017 ($614,671) from August 2016 ($501,566).

The average price of a downtown Toronto condo in August 2017 ($614,671) was basically the same as May 2017 ($615,734).

Watch the above video to get an in-depth look at the statistics. Learn what is really going on and why we see prices INCREASING this Fall.

If you want to start your journey to $1 Million

317 Views, 0 Comments

Alexjwilson.com Presents: Episode #8 - My journey from $39,300 to $1,000,000 by investing in Toronto Condos.

There has never been a better time to be a condo investor. 

- Rents are up 10-30% year over year.

- The condo market is poised to continue to grow as it is the affordable option for buyers. 

There are 17 projects launching this fall and we have narrowed them down to our Top 4 Picks. Watch the video above for a more in-depth discussion. 

NOTE: The projects are expected to launch end of September to beginning of October. If interested do not wait - fill out the form below to reserve your spot. 

1) The Kingly - this is a new project going up at King and Portland. Extremely good rents in this area. This building is going to be

372 Views, 0 Comments