Category Archives for Building Wealth
Unlock Your Portfolio’s Potential: Why Future Value is Your Crystal Ball
As real estate investors, we’re not just in it for a quick buck. We’re looking to do what most aren’t, to build significant wealth and truly make our money work for us. To do that effectively, we need to look beyond today’s numbers and gaze into the future of our investments. This is where understanding […]
Continue readingStress Testing Your Real Estate Portfolio This Summer
This summer, I’m dedicating some time to an exercise I believe is crucial for every real estate investor: stress testing my portfolio. I’ve done this periodically over the years, and it’s an important part of the journey. How you approach it will, of course, depend on your portfolio’s size and the tools you have at […]
Continue readingPassive Investment Strategies Yielding 10%+ Returns: DurhamREI Member Survey
As real estate investors mature in their journey, many shift their focus from growth to income. At DurhamREI, I wanted to understand how our experienced members are achieving 10%+ cash-on-cash returns through more passive strategies. I defined passive as requiring only a couple of hours per week. If a strategy required you to be actively […]
Continue readingWhy Paying Off Your Principal Residence Still Makes Sense for Ontario Real Estate Investors
I shared the article “Why Paying Off Your Mortgage Might Be Hurting Your Wealth – A Wake-Up Call for Ontario Real Estate Investors.” I wanted to write on the other side of not using the equity in your principal residence. In the world of real estate investing, there’s a lot of talk about leverage, liquidity, […]
Continue readingWhy Paying Off Your Mortgage Might Be Hurting Your Wealth – A Wake-Up Call for Ontario Real Estate Investors
I shared the article “Why Paying Off Your Principal Residence Still Makes Sense for Ontario Real Estate Investors.” I wanted to write on the other side of not using the equity in your principal residence. I met up with some friends this week and had a fascinating discussion about the math of dead equity in […]
Continue readingWhy I Am Not Just Focused on Real Estate Investing
After our meeting last night, I went out for some after-meeting drinks and snacks with some of the DurhamREI members. One interesting conversation I had afterwards was with a member who was surprised that I didn’t just focus on real estate. My response was simple: If I could get better returns doing something else, I […]
Continue readingThe Power of A Long-Term Perspective
A long term perspective when investing is a crucial financial decision, and the environment in which we make these choices can significantly influence our success. When attending a DurhamREI meeting, it’s common to feel overwhelmed, especially for those just getting started. You’ll find active investors in our meeting room, some owning one or two properties […]
Continue readingWhat the Wealthy in Canada Understand is That…
For years, I have participated in groups like the Entrepreneurs Organization(EO), Tiger 21, and the Toronto Business Society. These groups have what I would call the top 20%—EO—to the top 1% wealthy Canadians—Tiger 21 and Toronto Business Society. I noticed certain trends that anyone can model as long as they understand that Canada is made […]
Continue readingYou Should Only Listen to Mentors and Teachers Who Have Already Succeeded at What You Want to Do
Would you ever have a heart surgeon who only read about heart surgery and learned videos online about heart surgery but has never done an operation work on you? Then why would you listen to so-called experts who have never achieved what you want to achieve? In today’s world, everyone seems to have advice on […]
Continue readingShould You Continue to Invest in Ontario Real Estate?
I was picking up my truck from the shop, when a gentleman came over to ask me a question as I was leaving. He recognized me as the real estate guy from the Durham Real Estate Investor meetings. Let’s call him Jim to make things easier. Jim has about 30k left to pay off on […]
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