Category Archives: Strategies

Stop Sucking Your Thumb & Flip a House

Stop Sucking Your Thumb & Flip a House

Stop Sucking Your Thumb & Flip a House

Being a professional real estate investor, we come across all kind of deals. “Stop sucking your thumb and flip a house” is a phrase that every investor should abide by. Analysis paralysis and wasting very profitable time goes on debating. Wondering if others are going to jump on this deal. Loosing focus on your target gives you mediocrity all lifelong in every aspect of your life. Twiddling thumbs and looking at a deal is not going to get you results. You need to take action, make an offer, and help the distressed panic home seller. Remain focused on the deal at hand.

Stop Sucking Your Thumb & Flip a House

As they say about when Jeff Bezos when he was a kid, the founder of Amazon. He was in a Montessori school, and they’d stick him in these little chairs, and he had to rotate around. Bezos was so focused that they couldn’t tap him and get him out of it. He was doing his coloring or whatever, so they had to pick up the chairs and move him around. The lesson here is being extremely focused at the task on hand; there’s a time and season for everything.

Split your time between being extremely focused and questioning, “What do I need to get done today?” Use modern technology to help you destroy the pending list of 30 things, and instead split it into two. In other words, focus on one real estate deal at a time. Keep your list of properties to make an offer less than two.

Stop Sucking Your Thumb & Flip a House

In Hillary Clinton’s book, Hard Choices. If you look at her routine in a day, she makes time from about 9:30 to 9:45 to record four thank-you videos for key people and she gets it off her chest – boom. However, she doesn’t do it all day; she’s carved out time so that she doesn’t interrupt her day. This is how you are going to build last long business relationships. Gratitude will open more door of opportunities for you. Remember in kindergarten they teach you five basic manners, use them to excel at your success in flipping houses.

Don’t suck your thumb & flip a house.

That’s what Warren Buffett says. If you come to him with good information, he makes a decision to buy a deal then or never, so no sucking your thumb syndrome. That’s the same as stick-ability. For all those things, if Warren Buffett the billionaire can make executive decisions very quickly, you come to him, you say, “Here’s how much money this deal is making. Here, how much? Warren Buffett will tell you immediately. He’ll let you know if it’s a, “good deal, or not.”

Stop Sucking Your Thumb & Flip a House

Is that OK that we start following a great advice? Would you think it can excel your real estate investments to lightening speed? Instant decision making is very powerful weapon for wealthy real estate investors. But they always keep the back door open for quick exit if everything does not match the acquisition criteria.

The question most of you will ask about is the risk factor involved in making instant decisions. You are right. How about what you have learned to do your Due Diligence after having a property under contract first. May be you should not waste time if you are assigning (flipping) the contract to another end buyer. Risk is always there no matter what. We all will make mistakes but most of them  will teach you the lesson worth more than the price you have to pay. Don’t suck your thumb and flip a house.

Stop Sucking Your Thumb & Flip a House

He doesn’t say, “Let me think about it for a month.” Obviously, there are some decisions that are very complex that you have to make more time for, but your ability to not let things load up on your brain is going to be directly related to your ability to have impact in life and to live the good life.

Ask any realtor about the common mistake that most home buyers make, “let me think about it” and they will miss the boat again. Now they want the same boat but unfortunately the boat has already sailed off. How many  boats we have all missed? Is it a good idea to learn from one’s own mistakes or another’s? The bottom line is only one factor. Unable to decide will keep you at the bottom of the ladder of success in real estate.

Stop Sucking Your Thumb & Flip a House

This is the secret weapon of very wealthy investors.

Making a decision instead of sucking your thumb all day long and being unable to decide anything in life. Stop Sucking Your Thumb & Flip a House.

Health, wealth, love, and happiness. You can have it all by investing time and energy. No stickability – Hot potato – No sucking your thumb on stuff – Make an executive decision. You are the commander in chief of your life. Move on to the next real estate deal.

Warren Buffett says for every good thing you put in, you got to take something out. You have to make room for it, so when you start in your day-to-day, you start having this high cognitive load because of the stickability factor, you will be less effective. Your brain won’t function as well. You won’t be able to do deep thinking. Keep your brain junk free.

Change your life today. Learn more to earn more by attending LIVE Workshops  in your city from fellow Canadian Real Estate Experts. Put a house under a contract and flip it. No need to think about tomorrow yet. Let’s solve a distressed home owner’s problem, make a fortune and conquer today.

Stop Sucking Your Thumb & Flip a House

50+ Ways to Find Panic Home Sellers in Canada

50+ Ways to Find Panic Home Sellers in Canada

Find a great deal

Finding panic home sellers in Canada requires education, training, and coaching. Realtors intend to use the words “Motivated Sellers” but in real life they are panic sellers. Being a Professional Real Estate Investor in Canada you would prefer the Panic Seller to request you to buy the house instead of looking for those properties.

Marketing on steroids will help real estate investors to find discounted real estate deals. That is part of Canadian Real Estate Investors strategy apprenticeship program. Buying Canadian Real Estate pennies to dollar will help you make instant profit. Wholesaling real estate deals require you to find properties from panic sellers which are 40 – 97% below current market value.

50+ Ways to Find Panic Home Sellers in Canada

You can find tons of properties

which require fix and flip. In fact the proper margins can be extremely small. You can learn more by joining Professional Real Estate Investors Group (PREIG Canada). Here are the top 50+ ways to find panic home sellers in Canada:

50+ Ways to Find Panic Home Sellers in Canada

  1. Civil Enforcement: Sheriff may be instructed by court order
  2. Tax Liens: Homeowner who has not paid their property taxes for more than 3 years
  3. Power of Sale: Where the lender or bank is going to sell their property to recover their money.50+ Ways to Find Panic Home Sellers in Canada
  4. Civil Forfeiture: Where the authorities (Police) have taken due to criminal activities
  5. Canada Revenue Agency: Canadians who do not pay their taxes, their properties can be sold by CRA the taxman, by writ of seizure
  6. Grow Op: Illegal activity
  7. Stigmatized Properties: Death, Murder, Haunted houses etc.
  8. Expired MLS Listings: Get automated email list from a real estate agent.50+ Ways to Find Panic Home Sellers in Canada
  9. Social Media: Facebook, Twitter, YouTube, Pinterest, Instagram
  10. Small Home Builders: Often buyers are trading up and may have trouble selling current home
  11. Retirees: Excellent prospects for seller financing and homes with equity.
  12. Rental Agents & Property Managers: Has a list of non-owner occupied owners and can identify landlords eager to get rid of cash-flow property.
  13. Nursing & Retirement Homes: Frequently residents and family members need to sell a house or don’t want to deal with tenants.
  14. TV and Radio: Local stations & cable companies have free/low-cost spots
  15. Networking: Connect with Investors online, Call We Buy Houses ads & signs, Investment Associations &  Clubs50+ Ways to Find Panic Home Sellers in Canada
  16. Mobile Homes: Get to know park managers. Sellers have hard time dealing with banks.
  17. Market Bulletin Boards: Coffee shops, Restaurants, gyms
  18. Car Signs and Wraps: Tell the world that you “buy houses” while running your errands.
  19. Local Fast Food: Many sell advertising. Pick a target neighbor and test.

  20. Lis Pendens: Notice of a law suit, usually a foreclosure.
  21. Lenders: Banks / Mortgage Investment Corporations (MIC) – Mortgage Brokers, Private Lenders, Hard Money Lenders50+ Ways to Find Panic Home Sellers in Canada
  22. Judgments & Liened Properties:  Public county or city records, Mechanics Liens, HOA Liens, Tax Liens
  23. Investor Packages: May be able to negotiate seller financing as well as terms
  24. Foreclosures: Internet: EBay, Craigslist, Wholesale Sites, Lead Services,
  25. Funeral Homes: Good source for inherited property or upcoming sales
  26. FSBO Signs: for sale by owner
  27. Flyers:  Think Shopping Centers, Wal-Mart, Home Depot, Malls. Put on car windshields or pay someone to do it for you. Use quarter or half pages and print on both sides.
  28. Insurance Brokers: Policy changes from owner occupant to landlord or vacant house coverage.
  29. Farm & Drive for Dollars: Study a local neighborhood and establish yourself as the go-to problem solver for distressed owners and distressed property
  30. Surplus properties: Great deals available through Federal, provincial, local and agencies.
  31. Eviction Court: great place to find landlords50+ Ways to Find Panic Home Sellers in Canada
  32. Estate Sales – sometimes tied to probate and chances are the real estate will also be available soon or be transferred to an unwanting relative
  33. Door Knocking: Distribute flyers and go door-to-door asking residents if they know of anyone planning to move because you’d like to buy a house in their neighborhood!
  34. Door Hangers: You can also use pre-printed post-it notes to leave messages at target properties. Be sure to advertise on both sides, you can even sell the back side and recover your advertising cost!
  35. Direct Mail: Pre-Foreclosure Letters, Probate Letters, Out of Town Owners, Bankruptcies, Divorce & Delinquent Taxes
  36. Delivery Carriers: Think Postmen, Newspaper, Fed-EX, UPS, water delivery, Swanson guy. They can let you know who is moving, vacant houses, financial trouble, about to sell
  37. Credit Repair Agencies & Counselors: Many times the only way someone can get their spending under control is to sell a house they can no longer afford.50+ Ways to Find Panic Home Sellers in Canada
  38. Courts: Eviction Filings, Probate, Divorce Cases, Tax Liens, Code Violations
  39. Personal Finance & Car Lot Finance Companies:  Good lead source for people who are in financial difficulty and used to dealing with “terms.
  40. Condemned Houses: You need to find it out by having connections and knowledge.

  41. Classified Ads: Look for specific keywords that could possibly mean the seller is motivated such as:  transferred, motivated, divorce, owner financing, must sell, etc.
  42. City & County Inspectors: Code violations and red tags. If you develop a reputation of buying distressed properties and improving them, you become an asset to the community.50+ Ways to Find Panic Home Sellers in Canada
  43. Car Repos: Signs of financial trouble. Get a list from repo specialist or wreckers.
  44. Price Reduced MLS Listings: Get automated email list from a real estate agent.
  45. Business Cards: different types: one for sellers, one for buyers, and one for professionals. Word of advice – you have to remember to pass them out.
  46. Bird Dogs: These people can be very valuable to your business. It is important to know your local laws about compensating unlicensed people, however, so do your homework first!
  47. Auctions: Often times, you can catch a good deal in a tax sale by beating the Auction deadline. List provides property address so you can contact owner.50+ Ways to Find Panic Home Sellers in Canada
  48. Real Estate Lawyers: Think probate, real estate attorneys, family law, and divorce.
  49. Advertising: Daily, Monthly, Simple: Quick Closing, All Cash etc., We Buy Houses Ads, Newspapers, Flyers, Online50+ Ways to Find Panic Home Sellers in Canada
  50. Accountants and CPA Firms: They have clients that might need to get find of assets (houses) for tax purposes and can identify clients that have unwanted property or rentals. Also great place for getting a list of retirees with free and clear homes open to seller financing.
  51. “We Buy Houses” Bandit Signs: Check your local sign ordinances.50+ Ways to Find Panic Home Sellers in Canada
  52. Damaged/Distressed/Abandoned Houses: Look for blue tarps on roofs, boarded up windows, overgrown yards, etc. Contact the owner to see if they want to sell the property.
  53. Cancelled MLS Listings – Get automated email list from a real estate agent.
  54. Redemption: Learn more how the redemption period works in foreclosures, power of sales, Civil enforcements and tax liens.50+ Ways to Find Panic Home Sellers in Canada

Those were  50+ Ways to Find Panic Home Sellers in Canada. You can learn from Canadian Real Estate Investment Experts by attending a live workshop and attend Canadian Real Estate Investment strategy Apprenticeship.

50+ Ways to Find Panic Home Sellers in Canada

We welcome your feedback in form of suggestions and recommendations. Due to the nature of the real estate market, the need to sell it fast changes rapidly. Being a professional real estate investor, you may find it is easier to make money when the market is flat or going in a negative appreciation.50+ Ways to Find Panic Home Sellers in Canada

Analysis paralysis in real estate

Analysis paralysis in real estate

Analysis Paralysis in real estate will lead you to confusion. Some of us have a habit of over analyzing a deal based upon opinions rather than facts. It is true that real estate can be risky investments, due to the cycle of demand and supply, and current economic conditions. The reason of analysis paralysis is based upon fear which is similar to buying. Professional Real Estate Investors have a system of doing due diligence which help give the investor the confidence to buy or flip the property without a doubt. Due to the human nature, 99% of investors will keep delaying hoping for the market to go up or down. It is a quite familiar wording that “I wish I had invested in real estate 10 or 20 years ago”.

Analysis paralysis in real estate

During the Canadian Real Estate Investment Strategy Apprenticeship, you will learn over 50 steps of due diligence. Analysis Paralysis in real estate is like a phobia which is full of doubts and fear of unknown.

You may find tons of investors who are walking and talking encyclopedia of real estate but they have never owned or done a real estate deal. Make sure you are not one of them. We are going to clarify the culprits which may be holding some of the investors back.

What is analysis paralysis in real estate?

Analysis paralysis in real estate

Analysis paralysis is when a real estate investor
or an aspiring real estate investor cannot buy a house
because they over-analyze everything. They run the numbers
over and over and are unable to do their due diligence. They convince themselves the property
is a bad deal or someone else buys the property before
they make a decision.

Analysis paralysis in real estate

Analysis paralysis or paralysis by analysis is the state
of over-analyzing a situation with a fear and a doubt in mind. As a result the decision or action is never taken, therefore paralyzing the outcome. A real estate investor might be seeking the optimal or “perfect” solution upfront, and fear could make the decision lead to erroneous results.

On the opposite end of the time spectrum is the phrase “extinct by instinct”, which is making a fatal decision based on hasty judgment or a gut reaction.

How do you overcome analysis paralysis?

Analysis paralysis is caused by fear.
Fear of failing, fear of losing money and
fear of making a mistake. Many people live their
lives through fear, but people should not fear failing.
I think it is much worse to have never tried and not
known if you could succeed than to try something and
not succeed. There are a few things you can do to
convince yourself to overcome your fears and
analysis paralysis.

Analysis paralysis in real estate

What is the worst thing that could happen?

One thing I always consider when making a big
decision about life or real estate is “what is
the worst thing that could happen if I do this?”
In most cases we believe things will be much worse
in our heads than they will be in reality. Actually,
in most cases we don’t even think clearly about what
will happen if things go wrong, we just don’t want to fail.

What happens if you make mistakes and lose time?

When you lose time from mistakes or bad situations
are you missing out on that much? For one thing if
you are stuck in analysis paralysis you are gaining
nothing by doing nothing and losing time anyway.
When you take action and make mistakes you are learning.
Every mistake is a chance to learn and a chance to make
more money in the future. You aren’t losing time when
you make mistakes, you are gaining experience and learning.

Analysis paralysis in real estate

Why you never fail with the right attitude?

People like to use the word failure all the time.
I believe it is a horrible word to use, because it means
you gave up. No one fails if they don’t stop trying.
Many of the most successful people in the world made
many mistakes, but they never gave up. They refused to
listen to the people who told them they could not succeed,
they worked to prove those people wrong. In fact, I would bet
the most successful people make more mistakes than
unsuccessful people. The successful are willing to take chances,
to take risks and that is how they made it big.

Analysis paralysis in real estate

Buying real estate is a big deal and it is an awesome investment
if you do your homework and buy right. Once you have figured
you want to be a real estate investor and you have the means
to make it happen, don’t let analysis paralysis hold you back.
A great deal that you buy is much better than the perfect
deal that you will never find.

Analysis paralysis in real estate

Top 20 Toronto neighborhoods to invest in 2018

Top 20 Toronto neighborhoods to invest in 2018 can assist Professional real estate investors as well as first time buyers to look into the possibility of highest growth in the coming future.

“Toronto is one of the best places to invest in Canada,” according to Navtaj Chandhoke,founder of Professional real estate investors group (PREIG) Canada. Toronto is world class city with tremendous opportunities.The last complete census by Statistics Canada estimated there were 2,731,571 living in Toronto,making it the largest city in Canada,and the fifth most populous municipality in North America. Over the next 20 years, Toronto is expected to continue its moderate growth, surpassing 3 million by 2026, and reaching nearly 3.2 million in 2036.

Please fill up the form to get a copy of Top 20 Toronto neighborhoods to invest in 2018. Your suggestions will be greatly appreciated.

The Greater Toronto Area (GTA) is the most populous metropolitan area in Canada.It consists of the central city of Toronto and the four regional municipalities which surround it: Durham, Halton, Peel, and York.As of the 2016 census, the Greater Toronto Area has a population of 6,417,516,and has a census metropolitan area population of 5,928,040.

Top 20 Toronto neighborhoods to invest in 2018

Golden Horseshoe

The regional span of the Greater Toronto Area is sometimes combined with the city of Hamilton,Ontario and its surrounding region, to form the Greater Toronto and Hamilton Area.The Greater Toronto Area anchors a much larger unofficial urban agglomeration known as the Golden Horseshoe and an area officially designated as the Greater Golden Horseshoe.

Toronto real estate is one of the top hottest markets in Canada. For the past 15 years, properties have multiplied in value. Few reasons for high appreciation are high demand, low interest rate, low unemployment. Apart from foreign (overseas) investors and change of family structure there’s a new generation which prefer to live in a condo. Based upon recent information 5-10% of Toronto properties are owned by foreign investors. In North America, Toronto might be the only city with such a high density of high rise condos. Due to lack of space, the only way to expand the city is vertically.

Rapid price appreciation in the GTA defined the market during the first four months of the year before buyer concerns over affordability prompted the Ontario government to introduce its 16-point ‘Fair Housing Plan’ in April,2017. Following the introduction of new regulations, including a 15% tax on foreign buyers, market activity and price appreciation slowed significantly and the market shifted towards a more balanced market as many buyers took a wait-and-see approach to assess the long-term impact of the changes. Affordability is expected to continue to be the dominant concern for buyers in the GTA in 2018. That’s why you need to look into Top 20 Toronto neighborhoods to invest in 2018.

Speculators, gamblers & professional real estate investors are also jumping on the bandwagon to buy new construction condos, houses and townhouses simply for the purpose of flipping. Renter demand in Toronto is so high, that to rent a decent 1 bedroom condo can cost approximately $2500 a month.

The  largest Greenbelt in the world in Golden Horseshoe in Ontario

The Greenbelt is a permanently protected area of green space,farmland, forests, wetlands, and watersheds, located in Southern Ontario, Canada.It surrounds a significant portion of Canada’s most populatedand fastest-growing area—the Golden Horseshoe.

Created by legislation passed by the Government of Ontario in 2005,the Greenbelt is considered a major step in the prevention of urban development and sprawl on environmentally sensitive land in the province.The Government of Ontario states that the Greenbelt includes 800,000 acres (323,748.5 hectares) of land protected by the NiagaraEscarpment Plan and the Oak Ridges Moraine Conservation Plan plus 1 million acres(404,685.6 hectares) of land in the Protected Countryside overarching Greenbelt Plan.That total (7,284 km² or 2,812 mi²) makes this is one of the largest most successful greenbelts in the world.

Ontario has the worlds largest green belt which doesn’t help builders to find cheap land to build houses.

Being a real estate investor there are a few pockets in the GTA where there is a lot of room for appreciation and expansion. It is very difficult to find a detached house in the city of Toronto for less than a million dollars. For the last few years people in Ontario are more focused on getting condos instead of houses. Detached houses are replaced by townhouses & condos. Based upon the last few years we suggest that you look into the following areas in the GTA to invest. We strongly recommend you do your due diligence based on facts, not figures.

There’s a huge infrastructure change happening in Toronto, expansion of highways, transit have also fueled home prices. One of the biggest subway expansions opened on December 18th 2017. There are 2 more major LRTs to finish in 2021 & 2022.  Eglington LRT from Kennedy road to Weston road has added a lot of value to the surrounding areas. The other subway from Finch Ave West to Humber college is going to boost value of real estate in the northwest corner of Toronto.

Highway 407 extension to 115 on schedule for 2019 opening

There are two stages in the second phase: the extension of Highway 407 from Harmony Road to Taunton Road will open to traffic in late 2017, and the extension from Taunton Road to Highway 35/115 (as well as the new Highway 418) will open to traffic in late 2019.

Highway 412 and 418

Although connected to the privately owned 407 ETR, the Highway 407 extension is a separate toll road. The extension, along with Highways 412 and 418, is owned and operated by the Province of Ontario.

As a matter of fact, people who are working in Toronto come as far as Peterborough which is 130 km away. Properties in the Kitchener-Waterloo due to distance to Toronto.

New highways, roads, go transit expansion are going to have huge impact on real estate values.

Please fill up the form to get a copy of Top 20 Toronto neighborhoods to invest in 2018. Your suggestions will be greatly appreciated.

Real Estate auctions in Canada

Real Estate auctions in Canada happen in different ways. One of the powerful way of marketing is real estate auctions in Canada. It is another secret for Canadian professional real estate investors. 

Real estate auctions in Canada are a great way to get a deep Real Estate auctions in Canadadiscount on real estate. There are highly motivated Canadian property owners who sell their properties at auctions due to circumstances. Here are the following Canadian real estate property owners or their representative who market their properties by auctions.

  1. Executors
  2. Retiring / Downsizing
  3.  Health Issue
  4. Owners of over-improved properties
  5. Owners of vacant properties
  6. Owners of multiple properties
  7. Owners who have listed with no result
  8. Farm land
  9. Acreage
  10. Bankruptcies

These real estate auctions in Canada included farmland, condominiums, commercial & industrial properties, as well as private homes.

But, Real estate auctions in Canada do have a catch. The Canadian real estate property may be non-financeable by charter banks of Canada. If the property is non-financeable then the entire purchase price must be paid in cash, plus the buyer’s premium, plus closing costs.

Getting title insurance on the property can be challenge. Real estate auctions in Canada properties are sold as is, where is.

But, putting those aside, buying a Canadian real estate property in Canada in auction can help you reap huge rewards.

For example, an Alberta home worth $3.9 million was sold for $1.7 million. That’s less than half of the houses original value. The same thing happened with a house down the street, where a $2.9 million mansion was sold at a 62% discount.

A Victoria mansion was attracting 2,000 people for tours of the home and despite that only one bidder came forward. The price for the mansion was negotiated in private, but it is very likely the bidder got a very good deal.

A mansion at 40 Park Lane Circle, worth $23 million, was more than 21,000 square feet drew a lot of bids before selling for a bargain price of $13.4 million

If you haven’t notice by now, there is a trend between auctions and good deals on properties, and that’s why they’re such a good place to get deep discounted real estate.

List of upcoming Real Estate Auctions in Canada

Would you like to receive a list of upcoming Canadian real estate auction properties? Please fill up the following form and reconfirm your email. Also add preigCanada@gmail.com in your address book.

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You may be wondering “why would anyone sell their home at an auction” but there is a good reason why?

In Real estate auctions in Canada, the Canadian property seller sets all of the sale terms, to the deposit amount and close date, all viewing dates are pre-set, and all offers are firm without any conditions. Canadian real estate auction allows a lot more control to the seller which some people value.

Canadian municipal tax sale properties are also sold at auctions, and often are very promising. A Markham home was worth $650,000 and sold for $350,000, a great deal.

Canadian real estate investors need to learn different stratgies, techniques and know how by attending Canadian real estate investors apprenticeship as well as eye witness LIVE training in real life.

Auctions can be beneficial to Canadian real estate investors and the seller. The buyer gets a great deal on the property while the Canadian property seller gets control and has the property sold.