06/08/2021
This week I will be discussing mentors and the ways that mentorship has changed my life. Although I was doing well in real estate, having the guidance and assistance to implement functional systems an...
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This week I will be discussing mentors and the ways that mentorship has changed my life. Although I was doing well in real estate, having the guidance and assistance to implement functional systems and tangible goals is what really pushed me to the next level. It was through an organization and their program that I was able to meet some key people who had already done what I wanted to do, allowing me to meet my goals much faster. Mentorship can come from anywhere, you don’t necessarily have to subscribe to a program. A mentor can be anyone who is a few steps ahead of you in your field, be it business or life. Surround yourself with people always looking to move forward, and you will find yourself rising to meet them on their level.
Visionnez
30/07/2021
This week I will be discussing a questions I get frequently: how and where to find money for your real estate investments. When you are starting out in real estate investing, it is often the case that...
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This week I will be discussing a questions I get frequently: how and where to find money for your real estate investments. When you are starting out in real estate investing, it is often the case that you may not have the capital that you’ll need. If this is the case, there are a number of ways to find money to make your investments possible. You can ask the people around you to obtain a loan. You can take on more work in order to create the extra income yourself. Once you have some investing experience, you can partner with others and use the combined funds to make the purchases you want. There is always a way to get it done, and if you need any more tips and tricks don’t hesitate to reach out to us today!
Visionnez
23/07/2021
This week I will be discussing the effects of being self-employment from an investment perspective. While being self-employed comes along with many different benefits, there are important things to co...
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This week I will be discussing the effects of being self-employment from an investment perspective. While being self-employed comes along with many different benefits, there are important things to consider. Most importantly, your standing with the bank will change. You’ll be viewed as more of a risk and may have a more difficult time getting a loan from a bank. When purchasing an investment property, my recommendation is to stay in your current job, if possible, to facilitate getting the loan from the bank to potentially take advantage of better terms. When it comes to financing as a self-employed investor, it is important to understand all the risks. So if you have any questions, don’t hesitate to reach out!
Visionnez
16/07/2021
This week I’ll be discussing another real estate investment optimization strategy: the BRRRR Method. I touched on it briefly a couple of weeks ago when discussing whether to hold or flip properties. T...
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This week I’ll be discussing another real estate investment optimization strategy: the BRRRR Method. I touched on it briefly a couple of weeks ago when discussing whether to hold or flip properties. The BRRRR stands for: Buy, Rehab, Rent, Refinance, and Repeat. Each part of it represents an important step in optimizing an investment property in order to create value. The BRRRR is the strategy of Buying the right property, Rehabilitating or renovating the aesthetics. Then on to Renting to create cashflow, and Refinancing to recapture the investment. You can then Repeat the process. Not every property can be BRRRR’d, so if you need help getting started in your search and going through the steps, reach out to us today!
Visionnez
13/07/2021
Being a real estate broker in Montreal has allowed me to explore the city in depth and appreciate all it has to offer. I will now begin sharing with you some of my favourite spots in and around the ci...
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Being a real estate broker in Montreal has allowed me to explore the city in depth and appreciate all it has to offer. I will now begin sharing with you some of my favourite spots in and around the city, starting with coffee shops. When hanging out in the Sud-Ouest and Old Port, my go-to’s are: - September Surf Cafe - https://www.septembersurf.com - Clarke Café https://clarkecafe.com - Café Olimpico | Montreal - https://cafeolimpico.com What are your faves?
Visionnez
09/07/2021
This week is part two of my Investment Series, and I will be discussing what is called the “Smith Manoeuvre”. This investment tactic allows you to take interest on your principle residence and make it...
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This week is part two of my Investment Series, and I will be discussing what is called the “Smith Manoeuvre”. This investment tactic allows you to take interest on your principle residence and make it tax deductible. Of course, there are conditions that must be respected, and it should only be used when you are creating a business or invest in property in order to create an investment income. While this allows you to tap into an equity source that most people have but haven’t really discovered, you have to be very careful. Be sure to actively track all your moves and paperwork to avoid any potential issues if you get audited. I would highly recommend consulting an accountant to be sure you are making the right moves. Be sure to follow us next week for more tips and tricks, and don’t hesitate to reach out with any questions!
Visionnez
02/07/2021
This week, I am starting something new: my Investment Series, where I will be discussing different real estate investment strategies that I’ve picked up and used, and want to share with you. Today’s t...
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This week, I am starting something new: my Investment Series, where I will be discussing different real estate investment strategies that I’ve picked up and used, and want to share with you. Today’s topic is whether to buy and hold a property or to flip it. While there are advantages to both, it really depends on your situation and your plans for the future. A flip will bring a more substantial payout, but you’ll need to be more careful with your investment going in and ensure your calculations are correct in order to make your money. A buy-and-hold is a great way to add on to an already existing income and make a long-term play in the real estate market. Whatever your plans may be, you can always reach out to us to guide you in the right direction!
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25/06/2021
This week I’ll be discussing an interesting question: what were to happen to my real estate investment if the market drops in the next couple of years? If you are planning on staying in your home, the...
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This week I’ll be discussing an interesting question: what were to happen to my real estate investment if the market drops in the next couple of years? If you are planning on staying in your home, there is no real impact. However, if you were planning on selling or refinancing, you might find yourself slightly more constrained than you would be in the hot market we’re currently in. I believe that the prices will continue to steadily go up for the next couple of years and do not predict that there will be a severe correction. You should be staying in the money even if you’re selling in a cooler market. As a general rule, interest rates don’t spike heavily in Canada in order to protect the general population. While we will always see increases in interest rates, they will be slight and steady in order to achieve a more balanced market. If you have any questions or concerns, reach out to us today for questions and help understanding your options in order to make informed and smart moves!
Visionnez
18/06/2021
Cette semaine, je vais discuter des différences entre l'achat d'un condo divise versus indivise. C'est un sujet assez particulier au Québec, et peu de gens comprennent bien les différences. Il faut d'...
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Cette semaine, je vais discuter des différences entre l'achat d'un condo divise versus indivise. C'est un sujet assez particulier au Québec, et peu de gens comprennent bien les différences. Il faut d'abord comprendre de quoi vous devenez propriétaire. Les condos divises ont chacun leur propre numéro de lot, et donc, à l'intérieur d'un immeuble, vous êtes responsable et taxé en fonction des spécificités de votre lot. Dans un condo indivise, vous devenez copropriétaire de l'ensemble de l'immeuble et vous êtes responsable de votre pourcentage. Il existe des différences dans le financement: le montant de la mise de fonds nécessaire et les institutions que vous pouvez choisir pour votre hypothèque. Il est important de savoir que vous ne pouvez pas non plus louer un appartement dans une copropriété indivise. Ces éléments sont très importants à considérer avant de faire votre achat. Si vous avez besoin d'aide pour vous y retrouver dans ces différences, n'hésitez pas à nous contactez aujourd'hui!
Visionnez
11/06/2021
This week I’ll be discussing a very important topic: waiving conditions. In the current market, it has become increasingly competitive to get your offer accepted because of the lack of inventory. Some...
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This week I’ll be discussing a very important topic: waiving conditions. In the current market, it has become increasingly competitive to get your offer accepted because of the lack of inventory. Some buyers opt to waive certain conditions when submitting their offer in order for it to be more appealing to the sellers. By waiving conditions, you are essentially surrendering your right to do proper due diligence on what is usually the biggest transaction of your life. While in some cases an inspection is not absolutely necessary, such as when a recent report already exists or it is a brand new property, I am rarely comfortable waiving it because by doing so you are not being a prudent buyer. It is more favourable to look for longer and put in the work to know everything you can about the property so you can be covered, should any issues arise in the future. If you’re a buyer and need help navigating when to waive conditions or not, reach out to us today!
Visionnez
04/06/2021
Cette semaine, je vais vous parler d'un sujet intéressant appelé "Househacking". Le househacking est un terme utilisé lorsqu'une personne achète une propriété et sous-loue une ou deux chambres. Cela p...
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Cette semaine, je vais vous parler d'un sujet intéressant appelé "Househacking". Le househacking est un terme utilisé lorsqu'une personne achète une propriété et sous-loue une ou deux chambres. Cela peut s'appliquer aux maisons, aux condos, et même aux places de stationnement. C'est une pratique utile parce que les loyers perçus de la sous-location peuvent être utilisés pour compenser les coûts liés à la propriété: hypothèque, taxes, assurance, et génère un flux de revenues pour la propriété où il n'y en aurait pas eu auparavant. Le househacking peut être appliqué à n'importe quel type de propriété: que vous louiez plusieurs pièces d'une maison ou la deuxième chambre d'un appartement. En créant un flux de revenus sur des parties du logement que vous n'utilisez peut-être pas, vous vous procurez les fonds nécessaires à l'achat du logement suivant et à la création de votre portefeuille immobilier. N'hésitez pas à nous contacter si vous avez besoin d'aide pour "hacker" votre maison!
Visionnez
21/05/2021
I’m here this week with the Montreal real estate statistics update for April 2021. This was another really hot month for the market, especially when compared to the stats of April 2020. Sales and pric...
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I’m here this week with the Montreal real estate statistics update for April 2021. This was another really hot month for the market, especially when compared to the stats of April 2020. Sales and prices are up for properties across the board on the island: Single-family homes by 39%, condos by 18%, and multiplexes by 14%. The increase in price that we’re seeing is due to the fact that there is so little inventory on there market, there are currently a lot of buyers, and interest rates are going down. If you’re worried that the market will be this way forever, don’t be! There is simply not enough supply to absorb the demand right now, which has led to the numbers that we are currently seeing. We can expect to see a second waive of buyers coming into the market soon. All foreign buyers are likely to heat the market up a bit more when the borders open up. This will likely happen in September, right in line with back to school for university students. So I predict the market may stay crazy for another year or two. If you need help navigating, don’t hesitate to reach out!
Visionnez
14/05/2021
This week I’ll be focusing on a question I mostly get from my real estate investor clients: should you invest in a property close to your own home? I think it’s important to live relatively close to y...
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This week I’ll be focusing on a question I mostly get from my real estate investor clients: should you invest in a property close to your own home? I think it’s important to live relatively close to your investment property to allow for access in case of any emergencies. That being said, it can be beneficial to keep your distance as well so you don’t have your tenants knocking on your door for issues that are not necessarily pressing and keep your boundaries in the landlord-to-tenant relationship. Another option is to hire a property manager and remove yourself entirely from the equation so that you don’t have to worry about how close or far you are. This particular option is a necessity for those investing in other cities. The important thing to consider when hiring a property manager is whether it fits into the scope of your investment and if it works with your investment projections. Feel free to reach out to us for help with any of your property management needs! We have the experience and are ready to help!
Visionnez
06/05/2021
This week I will be talking about condo fees: what are they and why are they so important to factor in when considering a purchase? Condo fees typically cover anything from maintenance to insurance co...
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This week I will be talking about condo fees: what are they and why are they so important to factor in when considering a purchase? Condo fees typically cover anything from maintenance to insurance costs of a building. A portion of condo fees go into a contingency fund that covers unforeseen circumstances, such as repairing the roof or replacing the windows. Buyers can get excited when they come across a building with low condo fees, but beware that this could mean management planned poorly: they may have tried to keep costs low at the expense of not being properly prepared for unsuspected issues that may arise. Whether you’re an investor or an owner-occupant it is essential to look at the condo fees and ask the right questions: what is included in the fees and how much money is in the contingency fund? Will it be enough to cover extra costs that may come your way? Make sure you get the full picture! Reach out to us with any questions you may have!
Visionnez
06/05/2021
This week I will be addressing the curent market situation in cottage country. Because of COVID and stay-at-home orders, more and more people have turned their real estate interests towards cottage co...
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This week I will be addressing the curent market situation in cottage country. Because of COVID and stay-at-home orders, more and more people have turned their real estate interests towards cottage country to change up their surroundings. This increased demand in cottages has changed the game, creating multiple-offer and overbidding situations in a previously stable market. There’s less options in terms of inventory and price negotiation, but when things go back to normal and people flock back to the city the prices will once again shift. In this climate, it is important to understand what kind of investment you are making and what you want to get out of it. Consider something you will be willing to hold on to for a long time, stay strong on your price point to make sure you’re always in the money. Let us know about your experiences below!
Visionnez
23/04/2021
This week I have the Montreal real estate statistics update for March 2021. Compared to March 2020, everything is up. On the island of Montreal, single-family homes by 33%, condominiums by 5%, and mul...
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This week I have the Montreal real estate statistics update for March 2021. Compared to March 2020, everything is up. On the island of Montreal, single-family homes by 33%, condominiums by 5%, and multiplexes by 10%. The reason we’ve seen a smaller increase in condominiums can definitely be attributed to COVID compressing the downtown Montreal market. Travel restrictions are halting foreign investments, office buildings are still closed and more people are working from home. However, if we look at the Greater Montreal area condo sales are actually up 21% compared to March 2020. We will continue to update you when the Q1 statistics are released. Let us know your thoughts below!
Visionnez
16/04/2021
This week I’ll be talking about building your own home. In this strong seller’s market that we’ve been experiencing in Montreal. Some people are considering building their own home instead of getting ...
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This week I’ll be talking about building your own home. In this strong seller’s market that we’ve been experiencing in Montreal. Some people are considering building their own home instead of getting caught up in multiple-offer situations or bidding wars. While this may seem like a good idea, there are many factors to take into consideration before committing to this process. Financing can be difficult to get if you are doing this for the first time and aren’t backed by reputable builders, contractors and architects. Another thing to consider is the size of the task and the time it will take to to get everything done: you might be looking at a wait of up to a year and a half before you have a home. While the current market can be frustrating for buyers, you can trust us with the process and our ability to guide you through it. Reach out to us today!
Visionnez
16/04/2021
This week I’ll be discussing the difference between purchasing two triplexes versus one sixplex. It would be normal to assume that the same amount of units equals the same amount benefits. However, my...
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This week I’ll be discussing the difference between purchasing two triplexes versus one sixplex. It would be normal to assume that the same amount of units equals the same amount benefits. However, my personal preference would be to keep everything under one roof - meaning any repairs or replacements would be taken care of in one building instead of two. When it comes to financing, generally a simplex will require commercial financing and looking at the potential revenue the property will be bringing in. This means more math, more calculations, etc. There are different pros and cons to either option, and it really depends on what you’re looking for. We have the experience to help you make the best choice for yourself either way, so feel free to reach out to us today!
Visionnez
09/04/2021
This week I’ll be talking about different ways you can maximize your rental revenue if you’re a landlord, or to offset your rental costs as a tenant. For landlords, if you’ve got a unit that includes ...
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This week I’ll be talking about different ways you can maximize your rental revenue if you’re a landlord, or to offset your rental costs as a tenant. For landlords, if you’ve got a unit that includes a storage locker and a parking spot, you might want to consider renting them out separately to get a larger monthly rent than you would if you rent them out as one piece. With more Montrealers working from home than ever, some of you may find that you no longer need your cars. If your unit includes a parking spot that you are no longer using, consider the advantage of renting it out to a neighbour to help offset your own rental payments per month. Whatever your needs or questions are as landlords or tenants, we have a lot of experience and are here to help. Reach out to us today!
Visionnez
26/03/2021
This week, I will be talking about the Pre-Approval. In the current Montreal real estate market, we’re seeing a lot of multi-offer situations and it’s becoming increasingly important to show how serio...
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This week, I will be talking about the Pre-Approval. In the current Montreal real estate market, we’re seeing a lot of multi-offer situations and it’s becoming increasingly important to show how serious you are when submitting an offer. The first step in your search for a property should be to have your pre-approval in-hand. Rates are ever-changing and decreased a lot over the last year until the recent increases this month. This means that most people’s purchasing power has gone up or down depending when they last updated their pre-approval. In order to ensure that you remain a competitive player, speak to your mortgage specialist so you have an update in regards to what you can actually get for financing. This will ensure you know how much you can offer when bidding for your potential home. Reach out to us today in order to get started off on the right foot!
Visionnez
19/03/2021
This week I will be discussing an important topic: how couples can split the ownership of investments. If a couple has different amounts of money saved up to put into a property, be it a first home or...
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This week I will be discussing an important topic: how couples can split the ownership of investments. If a couple has different amounts of money saved up to put into a property, be it a first home or investment, there are options available to fit your needs. Ownership can be split on the deed on sale, separate agreements can be drawn up in order to specify the initial pay-outs. We have a lot of experience preparing these sort of things and would love to help you! Reach out to us and we will find the best solution for you.
Visionnez
12/03/2021
This week I will be discussing whether small businesses should invest in real estate. My answer is yes, absolutely! There is a lot to be said about owning your own space - there are both financial and...
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This week I will be discussing whether small businesses should invest in real estate. My answer is yes, absolutely! There is a lot to be said about owning your own space - there are both financial and maintenance benefits: getting into the market and having a company asset that will continue to grow, and knowing that no one will take better care of your space than you! Factor in the security of knowing that you are safe from having to suddenly relocate and it’s really a no-brainer. Feel free to reach out to us on advice on how your company can get started in the market today! Drop a comment below to let us know your thoughts.
Visionnez
05/03/2021
This week I will be discussing an interesting question I received: should you start investing in real estate today? Simply put, yes! Real estate is like any other investment: invest, provide general m...
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This week I will be discussing an interesting question I received: should you start investing in real estate today? Simply put, yes! Real estate is like any other investment: invest, provide general maintenance and you will start to see the appreciation. No matter what your situation is, or where you’re at in your career, the time to invest in real estate is now. There are countless ways to start your portfolio. Let us guide you in taking that first step.
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26/02/2021
This week I discuss how foreign, specifically non-resident buyers can purchase property in Montréal, QC. Most people think they absolutely need a PR card before they can start shopping for a home, wit...
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This week I discuss how foreign, specifically non-resident buyers can purchase property in Montréal, QC. Most people think they absolutely need a PR card before they can start shopping for a home, with a 5-20% downpayment instead of a 35% foreign buyers minimum. This is NOT the case. The main requirement is having at least 12 months left on your work permit, and being bale to show good payment habits. Reach out to schedule your free, no-obligation buyers consultation. It would be our pleasure to walk you through the process!
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