Category Archives: General

Analysis paralysis in Canadian real estate

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Analysis paralysis

Analysis paralysis in Canadian real estate refers to a situation where potential buyers or Canadian real estate angel investors become overwhelmed by the abundance of information and options available to them, resulting in a state of indecision and inaction.

It occurs when Canadian real estate angel investors continuously analyze and evaluate various factors, such as market conditions, property values, financing options, and investment strategies, without taking concrete steps toward making a purchase or investment.

In the context of Canadian real estate, analysis paralysis can arise due to several reasons:

Market Complexity: The Canadian real estate market has diverse regional markets and varying property types. Buyers mAnalysis paralysisay find it challenging to navigate through the different market dynamics, including supply and demand, price fluctuations, and regulatory considerations.

Data Overload: With the availability of vast amounts of real estate data, including market reports, property listings, financial metrics, and investment analysis tools, buyers may feel overwhelmed by the sheer volume of information. The desire to make the “perfect” decision can lead to excessive analysis without taking action.

Fear of Making Mistakes: Real estate transactions involve significant financial commitments, and the fear of making a wrong decision can paralyze potential buyers. The fear of overpaying, choosing the wrong location, or investing in an unfavorable market can prevent individuals from taking the necessary steps forward.

Perfectionism: Some Canadian real estate angel investors strive for perfection in their real estate decisions, seeking the absolute best deal or the most optimal investment. This pursuit of perfection can lead to prolonged analysis and an inability to move forward, as the ideal conditions or opportunities may never materialize.

Overcoming analysis paralysis in Canadian real estate requires finding a balance between thorough research and taking action. Here are a few strategies to consider:

Set Clear Goals: Define your real estate objectives, whether it’s homeownership, investment income, flip , joint ventures, fractional ownership or long-term growth. Having clear goals will help you filter information and focus on what matters most.Analysis paralysis

Educate Yourself: Gain a solid understanding of the local real estate market, including trends, property values, and financing options. This knowledge will build confidence and help you make informed decisions.

Create Criteria: Establish a set of criteria for the properties you are considering. This will help narrow down your options and prioritize what is most important to you, such as location, property type, budget, and potential returns.

Seek Professional Advice: Consult with an experienced real estate coach who can provide valuable insights and guidance tailored to your specific needs and goals.

Take Action: Once you have done your research and identified potential opportunities, take the leap and make an offer or invest in a property. Remember that no decision is entirely risk-free, and taking action is a crucial step towards achieving your real estate objectives.

By finding a balance between analysis and action, you can overcome analysis paralysis and make progress in your Canadian real estate endeavors.

Live your dreams with passion!

Navtaj Chandhoke

 Real Estate Investor | Coach | Cash Home Buyer | Educator | Storyteller

1-416-409-7300 call/text

www.Flipping4Profit.ca | www.preigCanada.com

Empowering Canadian Real Estate Investors successfully since 1993

 

P.S : Remember, you are just one flip away from financial freedom! If you want to get one step closer then register for the Canadian real estate investment strategy apprenticeship LIVE 

Seats are selling fast and we will soon be SOLD OUT.

City of Toronto to hold property sale to recover unpaid taxes

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Property sale to recover unpaid taxes by Sale of Land by Public Tender, known as a “property tax sale”, as a final step in the collection of overdue, unpaid property taxes. Twenty-two properties with a combined total of more than $21.1 million in unpaid property taxes are for sale. The bidding period to purchase these properties is open until Wednesday, June 29.

Once a property has accumulated property tax arrears of two years or more, a Tax Arrears Certificate is registered against the title of the property. This allows the property to be put up for sale one year after the registration of the Certificate, unless it is paid off in full by the owner or another interested party, such as a lien or mortgage holder. Typically, tax sale properties have large outstanding arrears and may not be occupied, or the owners may be deceased or have relocated and next of kin cannot be found.

The 22 properties along with their current status and the minimum tender amount are:

Address Property status Minimum tender amount
440 Birchmount Rd. industrial – vacant land $954,486.99
2627 Eglinton Ave. E. commercial/residential –boarded up $957,661.58
97 Manville Rd. industrial – tenanted $2,803,178.30
99 Toryork Dr. commercial – tenanted $5,757,232.03
222 Spadina Ave., LL commercial – vacant $873,337.45
222 Spadina Ave. #16 commercial – vacant $2,081,430.51
222 Spadina Ave. #9 commercial – vacant $35,992.57
222 Spadina Ave. #11 commercial – vacant $89,858.00
222 Spadina Ave. #19 commercial – vacant $2,199,319.36
222 Spadina Ave. #20–22 commercial – vacant $1,133,435.47
222 Spadina Ave. #23–25 commercial – vacant $2,397,177.40
222 Spadina Ave. #28 commercial – vacant $66,035.42
222 Spadina Ave. #30 commercial – vacant $214,381.48
222 Spadina Ave. #31 commercial – vacant $145,251.95
222 Spadina Ave. #32 commercial – vacant $194,428.43
222 Spadina Ave. #33 commercial – vacant $57,720.14
222 Spadina Ave. #34 commercial – vacant $99,092.60
222 Spadina Ave. #35 commercial – vacant $72,686.57
222 Spadina Ave. #36 commercial – vacant $57,506.50
222 Spadina Ave. #215 commercial – vacant $738,542.95
222 Spadina Ave. #217 residential – occupied by Toronto Community & Culture Centre $357,182.88
222 Spadina Ave. #242 commercial – vacant $94,142.15

The City makes every reasonable attempt to contact the property owner by mail, telephone, site visits and speaking with neighbours to locate and inform the property owner before listing a property for sale. If a property owner pays their outstanding taxes before the last day of the tax sale on June 29, they will be able to retain their property.

Property sale to recover unpaid taxes can be purchased by anyone by submitting an offer (tender) on the approved form and all bid amounts must meet or exceed the minimum tender amount. The City accepts the highest eligible offer. All completed tenders must be accompanied by a deposit (in the form of a certified cheque or bank draft) of 20 per cent or more of the bid amount and must be submitted to the Revenue Services Inquiry and Payment Counter at the North York Civic Centre, 5100 Yonge St., by 3 p.m., June 29. Deposits are returned to unsuccessful bidders. Full payment must be made to the City within 14 days, and a tax deed for the property is prepared. The City keeps the money owed to them in back taxes and any associated costs and charges, and any balance that exceeds the tax cancellation price is paid to the Ontario Court of Justice.

The public tender opening is scheduled to be held at Memorial Hall, Burgundy Room, 5110 Yonge St., on June 29, 3:30 p.m.

Properties are purchased in “as is condition” – bidders are strongly advised to seek legal counsel before submitting a bid or taking ownership of a property, as new property owners become responsible for any existing liens or other claims on title, or any remediation that may be necessary.

Property sale to recover unpaid taxes for those interested in submitting a bid on the properties may pick up a tender package at the Revenue Services Inquiry and Payment Counter at North York Civic Centre, Monday to Friday, from 8:30 a.m. to 4 p.m., for a cost of $38.57. Questions about the tax sale can be referred to the Revenue Services collection line at 416-395-0174. Further details about the tax sale are available at Toronto.ca/saleofland.

Toronto is home to more than 2.9 million people whose diversity and experiences make this great city Canada’s leading economic engine and one of the world’s most diverse and livable cities. As the fourth largest city in North America, Toronto is a global leader in technology, finance, film, music, culture and innovation, and consistently places at the top of international rankings due to investments championed by its government, residents and businesses. For more information

Media Relations
Live your dreams with passion!
Navtaj Chandhoke

 Real Estate Investor | Coach | Cash Home Buyer | Educator | Storyteller

1-416-409-7300 call/text

www.Flipping4Profit.ca | www.preigCanada.com

Empowering Canadian Real Estate Investors successfully since 1993

P.S : Remember, you are just one flip away from financial freedom! If you want to get one step closer then register for the Canadian real estate investment strategy apprenticeship LIVE 

Seats are selling fast and we will soon 

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Be a game changer and become a Canadian real estate virtual Wholesaler

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Be a game changer and become a Canadian real estate virtual Wholesaler

Virtual real estate wholesaling in Canada means having a property under contract using online references, computers and smartphones. Similar to virtual jobs and remote virtual assistants, virtual real estate wholesaling is wholesale real estate transacting that is done mainly through a variety of electronic means in Canada.

Why FlippingWholesale real estate involves entering into a contract for Canadian real estate and then assigning that real estate contract to a different end buyer or fix and flip investor in their local area. It is worth mentioning that investing in wholesale real estate differs from other types of real estate investments, mainly because the wholesaler does not close any deal. Canadian real estate wholesalers do not need money, qualification or an excellent credit score.

Keep in mind that the wholesaler identifies potential panic motivated sellers with properties that they want to move quickly and who do not want to use real estate agents. There are several other reasons where virtual real estate wholesalers find the greatest bargains, such as

  1. Civil reinforcements
  2. Redemptions
  3. Seizures
  4. Evictions
  5. Panic home sellers
  6. Run down properties
  7. Estate sales
  8. Haunted homes
  9. Fire sale

 

  1. Liens
  2. Judgements
  3. Repossessed properties 
  4. Power of sale
  5. Foreclosures 
  6. Public auctions
  7. Surplus properties
  8. Vacant homes
  9. Abandoned homes

Two steps to start Virtual Real Estate Wholesaling in Canada

Canadian professional real estate investors ready and eager to learn how to start virtual real estate wholesaling will be glad to know that the process is not as complicated as they may believe. Also, keep in mind that wholesaling real estate is often a short-term investment strategy. 

Wholesaling Houses

Use Online Marketing To Flip Real Estate. All Done 100% Virtually Without Owning Any Property. The new model of “virtual” real estate investing that’s the perfect opportunity to start a part time “hustle” or full time career (without any prior experience, in any market, from anywhere in the Canada) The Canadian real estate investment strategy apprenticeship is perfect for anyone looking to get started in Canadian real estate OR experienced investors looking to boost their existing real estate business.

The process of wholesaling real estate does not change from one market to another. If you can find and analyze a good real estate deal in Ottawa, you should be able to do the same in Toronto, Montreal or Vancouver. 

Step one will be to get proper training and education form local Canadian real estate experts with proven track record of success. Canadian real estate investment strategy apprenticeship will the right place to start.

It will provide you with the tools, strategies and know how training in real life trenches. Apprenticeship have five components

  1. Preparation
  2. Marketing on steroids
  3. Training in class
  4. LIVE field training in Canadian courts
  5. Virgin deep discounted leads from panic sellers

Second step is to be a member in Canada’s elite REI club which has over 17,000 real estate members. Professional real estate investor group (PREIG) Canada group was launched in April 2005 to conduct network meetings in Toronto every month. It has been running ever since every month, no matter what. Success have few ingredients of persistence, consistence, commitment, discipline and dedication.

If you want to become a Canadian virtual real estate wholesaler, then the apprenticeship is the best weapon in your arsenal — it opens your opportunities up to whole world and all the relevant training and education.

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Canadian Real Estate Investment Coaching

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Canadian Real Estate Investment Coaching

“The fastest way to become the best is to learn from the best” Navtaj Chandhoke, Founder of Professional Real Estate Investors Group (PREIG) Canada. We looking for a few Canadian real estate investors to turn into Super Stars!

Coaching from WorldWealthBuilders.com will make sure you succeed at every step of the Investing process.Those who will join this mentoring program are going to be ahead of the massive tidal wave of evictions coming and are going to get a head start on what many people are calling “The Canadian Real Estate Gold Rush.”

Canadian Real Estate Investment coaches will help you kick start your Investments and will make sure you succeed. Canadian Real Estate Investment Coaching will help you develop skills to become a successful Real Estate Investor by working with a coach.

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