Tag Archives: Investments

Warren Buffett’s advice for 2017

Worth over $75Billion and considered to be one of the world’s most successful investors, Warren Buffet was asked what his advice is for being successful in 2017.

His answer was Christmas cards should not just be for Christmas but should be for the whole year.

Buffet writes a letter or a handwritten note almost everyday which typically includes a line of gratitude, or a few words of praise.warren-buffett-knewrich

Buffet says that whether its business or pleasure, ultimately everything is personal.

To relate it back to real estate – next time you are flipping areal estate deal, be more personal and see the difference it makes.

Panic sellers feel much more comfortable once you connect with them on a personal level.“Hand written notes add a lot more value, respect and trust” says Navtaj Chandhoke, founder of Professional real estate investors group (PREIG) Canada.

It is the businesses and people who endear themselves to others, that are the ones which will endure.

Mike Flint, Warren Buffet’s personal airline pilot says that Buffet loves to have deep conversations and is more interested in hearing about your childhood, what makes you mad, what makes you laugh and what makes you cry rather than talking all things investment.

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As Buffet says, “Trust grows not from reason, but from the heart. How people feel has more binding power than how they think. Besides, life is so much fun when you’re trusted and worthy of trust.”

So don’t just communicate, connect. Warren Buffet’s advice for 2017.

Connect with fellow real estate investors at Professional real estate investors group (PREIG) Canada at the next networking meeting.#3

 

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“If you don’t find a way to make money while you sleep, you will work until you die.” ― Warren Buffet

Rule No. 1: Never lose money; Rule No. 2: Don’t forget Rule No. 1. – Warren Buffet

Every saint has a past. Every sinner has a future. –Warren Buffet

 

Top 10 tips to get your Mortgage approved every time in Canada

Top 10 tips to get your mortgage approved every time in Canada requires preparation and due diligence.

Canadian professional real estate investors understand the challenge to get a mortgage with favorable terms.

There are lot of hidden costs built in from all major Canadian banks, lenders and private hard money lenders.

Here are Top 10 tips to get your mortgage approved every time in Canada,

tricks, secrets and strategies, Canadian investors and home owners can use.

1. Have your documents ready to go – if you’re not sure what you’ll need, find out first and get a head start on any paperwork you’re missing.

2. Get a mortgage pre-approval ahead of time – if you are unsure as to whether you will qualify for a mortgage or what you have to do before even qualifying for a mortgage have a lender take a preliminary look at your application so there are no disappointments when you are ready to buy.

3. Have a good credit score – the higher the score the better.Minimum credit of 750 is the best.You can boost and fix your credit by yourself.Strategic Credit Repair Guide from http://www.GovernmentGrantsCanada.ca

4. Don’t borrow your down payment if you don’t have to – the more you have from your own resources, the more appealing you look to a lender.Proof of funds make it much easier than otherwise.

5. Have minimal debt – the less, the better.

6. Buy within your means – you need to qualify for what you buy, ensure it’s affordable.

7. Have good job tenure – the longer you’ve been with the same employer, the better it looks.

8. Provide a large down payment – the more the better because it means less risk for the lender.

9. Sell your existing property first – if you don’t sell, you must qualify to carry both.

10. Have good credit repayment history – a good credit score doesn’t mean much if there’s not enough history of debt repayment.

11. Have positive net worth – assets look good to a lender.

12. Don’t rush – sometimes you can’t rush a good thing.

13. Shop around for the best rate before you buy – prevent delays when it comes time to buy. Deal with experienced Canadian mortgage broker with proven record.

14. Do your research first – be prepared to avoid surprises.

15. Don’t change jobs at the last minute – your lender will need the new details and probation can cause issues.

16. Avoid last-minute large purchases – material changes to your application, including debts, can alter your approval status.

17. Consult a professional – use their experience to your advantage.

18. Augment your savings account – more money is always a good thing, right?

19. Understand what a co-signer is – just in case it’s needed, you’ll be ready.

20. Ask for exceptions – you don’t get what you don’t ask for.

21. Be prepared to negotiate – if it’s very important to you, be prepared to discuss it.

22. Don’t take no for an answer – if you don’t succeed on the first try, try and try again.

23. Have a back-up plan – if it doesn’t work out one way, prepare for a plan B.

24. Fill out your paperwork accurately the first time – save time and energy by doing it right the first time. Ask questions if you’re unsure how.

25. Be honest – mortgage approvals can be withdrawn if a falsification is discovered.

26. Know your income if you’re self-employed – it needs to be clearly presented to a lender, so make sure you’re on top of it.

27. Be open to alternatives – there may be other options.

28. Budget for closing costs – costs can vary, be prepared.

29. Pay attention to detail – sometimes it’s the small things that can make a big difference, read the fine print.

30. It’s okay to wait – an approval may not be possible right now, that doesn’t mean it’s never going to happen.

31.Always obtain AACI appraisal in Canada.

32. Get your own credit report to make sure it is clean and there are no errors.

33 Do not allow everyone to check your credit score.

34 Never use more than 60% of available credit.

35.Use owner financing or vendor take mortgages.

36.Be aware of zero percent mortgages from private, government and charities.

37.Ask about penalties before signing up any documents.

38. Be aware of Interest rate differential (IRD)

39. Ask the lender to pay your legal fee.Nothing gains unless you ask for it.

40 Do not renew with the same lender, shop around for better rates and terms.

While the above tips might make getting a mortgage approval a bit more likely, working with an experienced mortgage professional who can successfully structure your application for acceptance by a lender is the quickest route to home ownership.

Once approved, make sure you’re comfortable with the commitment you’re about to make.

Ensure the new mortgage supports your lifestyle by being affordable and aligns with your financial goals.

Please feel free to suggest to add more tips to Top 10 tips to get your mortgage approved every time in Canada.

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Tax Sale Properties Peterborough-Ontario

Nov 30,2016 tax sale properties Peterborough-Ontario Canada

sale of land by public tender
The Corporation of the City of Peterborough

take notice that tenders are invited for the purchase of the Tax Sale Properties Peterborough-Ontario land(s) described below and will be received until 3:00 p.m. local time on Wednesday November 30, 2016 at the Corporate Services Department, Main Floor, City Hall, 500 George Street North, Peterborough, ON 9H 3R9.

The tenders will then be opened in public on the same day at 3:15 p.m. local time in the City of Peterborough Board Room, 2nd Floor, City Hall, 500 George Street North, Peterborough, ON K9H 3R9.

Tax Sale Properties Peterborough-Ontario

]Description of Land(s):

Roll No. 1514 040.120.29510.0000

2691 Farmcrest Avenue, Peterborough

Note: This property is subject to partial ORCA (Otonabee Region Conservation Authority) restrictions. Floodplain runs across northern portion of lot and entire lot may encounter flooding.

PCL2-3 Sec 45-P7A-PET; Pt Lot 5 PL 7A Peterborough City; Pt 1 45R9679; S/T LT2994,LT504,LT 505,

LT 506, Peterborough City.

PIN# 28456-0005 (LT)

irregular 0.90AC more or lessTax Sale Properties Peterborough-Ontario
File#: TS-16-01

Assessed Value: Residential$122,000

Minimum Tender Amount:$34,796.05

Roll No. 1514 040.120.29410.0000

2655 Farmcrest Avenue, Peterborough

Note: This property is subject to ORCA (Otonabee Region Conservation Authority) restrictions. Development within the floodplain may not be permitted as entire lot may encounter flooding.

PCL 2-3 SEC 45-P7A-PET; Pt Lt 5 Pl 7A Peterborough City;

Pt Lt 6 PL 7A Peterborough City; Pt Lt 7 PL 7A Peterborough City; Pt 5 45R1076;

S/T LT2994,LT504,LT505,LT506 Peterborough City.

PIN# 28456-0007 (LT)

irregular 0.784AC more or less

File#: TS-16-02

[b]Assessed Value: Residential$118,000[/b]

[b]Minimum Tender Amount:$33,220.53[/b]

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

The municipality makes no representation regarding the title to or any other matters including any environmental concerns relating to the land to be sold. Any existing Federal or Provincial liens or executions will remain on title and may become the responsibility of the potential purchaser. Responsibility for ascertaining these matters rests with the potential purchasers. The municipality does not provide an opportunity for potential purchasers to view properties nor is it in a position to provide successful purchasers with a key or vacant possession.

This sale is governed by Part XI of the Municipal Act, 2001 and as amended by the Municipal Statute Law Amendment Act, 2002. The successful purchaser is required to pay any relevant federal or provincial taxes that may apply on closing (including land transfer tax and HST). Failure to complete the transaction by the successful bidder (highest or if failed, second highest bidder) will result in the forfeiture of their deposit.

For further information regarding this sale including an updated list of properties still available for sale, and a copy of the prescribed form of tender documents, go to the City of Peterborough web site at http://www.peterborough.ca/Living/Prope … _Sales.htm or contact:

Christine Heersink
Tax Collector,
City of Peterborough,
500 George Street North,
Peterborough, ON K9H 3R9
cheersink@peterborough.ca
705-742-7777 Extension 1622
1-855-738-3755 Extension 1622

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

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Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

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Tax sale properties Lamont – Alberta

Alberta Public sale of land

Town of Lamont

Notice is hereby given that under the provisions of the Municipal Government Act, the Town of Lamont will offer for Tax sale properties Lamont – Alberta sale, by public auction, in the Council Chambers of the Lamont Town Office, Lamont, Alberta, on Wednesday, June 15, 2016, at 1:00
p.m., the following lands:

Continue reading Tax sale properties Lamont – Alberta

Tax sale properties Val Rita-Harty – Ontario

MUNICIPAL ACT, 2001

SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWNSHIP OF VAL RITA-HARTY

TAKE NOTICE that sealed tenders are invited for the purchase of the Tax sale properties Val Rita-Harty – Ontario land(s) described below and will be received until 3:00 p.m. local time on Tuesday, May 10th, 2016 at 2 De l’Église Avenue, Val Rita, Ontario, P0L 2G0

Continue reading Tax sale properties Val Rita-Harty – Ontario

Tax sale properties Huntsville – Ontario

Sale of Lands for Tax Arrears by Public Tender

SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE TOWN OF HUNTSVILLE

TAKE NOTICE that tenders are invited for the purchase of the Tax sale properties Huntsville – Ontario lands described below and will be received until 3:00 p.m. local time on May 12, 2016, at the Town of Huntsville Municipal Office, 37 Main Street East, Huntsville Ontario.

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Tax sale properties Ottawa – Ontario

SALE OF LAND BY PUBLIC TENDER

THE CORPORATION OF THE CITY OF OTTAWA

TAKE NOTICE that tenders are invited for the purchase of the Tax sale properties Ottawa – Ontario land(s) described below and will be received until 3:00 p.m. local time on Tuesday April 26th 2016 at: The City of Ottawa, Revenue Branch, 100 Constellation
Drive, 4th Floor East, Ottawa ON K2G 6J8 Attention: Treasurer

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Tax sale properties Frontenac Islands – Ontario

SALE OF LAND BY PUBLIC TENDER

THE CORPORATION OF THE
TOWNSHIP OF FRONTENAC ISLANDS

TAKE NOTICE that tenders are invited for the purchase of the Tax sale properties Frontenac Islands – Ontario lands described below and will be received until 3:00 p.m. local time on April 28, 2016, at the Township of Frontenac Islands Municipal Office, 1191
Road 96, Wolfe Island Ontario.

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Tax sale properties North Dundas – Ontario

SALE OF LAND BY PUBLIC TENDER

THE CORPORATION OF THE TOWNSHIP OF NORTH DUNDAS

TAKE NOTICE that tenders are invited for the purchase of the Tax sale properties North Dundas – Ontario land(s) described below and will be received until 3:00 p.m. local time on Friday, the 6th day of May, 2016 at the Township of North Dundas Municipal Office at 636 St. Lawrence Street, Winchester, Ontario.

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Tax sale properties Sioux Narrows – Ontario

SALE OF LAND BY PUBLIC TENDER

THE CORPORATION OF THE
TOWNSHIP OF SIOUX NARROWS-NESTOR FALLS

TAKE NOTICE that tenders are invited for the purchase of the Tax sale properties Sioux Narrows – Ontario lands described below and will be received until 3:00 p.m. local time on May 11, 2016, at the Municipal Office, 5521 Highway 71, Sioux Narrows Ontario.
The tenders will then be opened in public on the same day as soon as
possible after 3:00 p.m. at the Municipal Office, 5521 Highway 71, Sioux Narrows.

Continue reading Tax sale properties Sioux Narrows – Ontario