FSC226, $1045.00, 1 bedrm condo

Posted on Posted in Rental Listings

You will love the convenience of being close to downtown and having both the LRT and Save On Foods within walking distance. In the summer you can enjoy spending time on your oversized, west facing balcony. Also Commonwealth Recreation Centre  will be walking distance from your new home.

This very well maintained 1 bedroom 1 bathroom condo is loaded with upgrades! 5 appliances with a modern open concept kithcen and in-suite laundry all for your convenience.Brand new lush carpet and tasteful painted walls makes this condo warm and inviting. Comes with one parking stall and Perfect for entertaining visitors as there is endless free parking.

This home is ideal for single/couple professionals/starting-up and growing families.

 

Wired, huge and green…

Posted on Leave a commentPosted in Blog

For some reason I wasn’t not quite sure yet, I all of sudden remembered a student with a huge green wired hat on his last day of his co-op term in Suncor, where I had worked 10 years ago.

Ryan had been in our engineering team as a co-op student for 4 months and I couldn’t even notice him or remembered him. How could I?

He was quite normal. I would politely say he is good looking, with fair height, and good personality, and if you replace all the so called “Good” with “average”, that is really what I mean (As English is my second language, I found it is fun to figure out these “real” subtle differences between words).

But not anymore, all because of his huge green wired hat.

It was his last day in Suncor and Ryan decided to wear this huge green hat. And there is no way anyone can miss it even the blind might “feel” thegreen too!

I remembered to stop him in the hall way and asked:”Hi what is this all about?” (To that last day, I still didn’t even remember his name, shame on me, I knew). Here is what Ryan told me, and I will never forget:

I know I am not that special and I know no one really take notice on me. and today is my last day, the last chance for anyone here to even know I was around. So I came up with this idea, to wear huge green wired hat for the entire day today.

10 years later, I have forgotten so many other strangers, except Ryan and his huge wired green hat. In the last ten years of running my own business, I started to learn and appreciate more and more what Ryan, a co-op student, had taught me with his last day presence and his huge wired, green hat.

You can not be just good. If you hear you are good, Take a note if I may ask, you are actually not. Not in the mind of others, and even more importantly, not in your own heart. we all need to move out our comfort zone first, If your goal in life is to be something great, quite frankly to be just good, or even better, won’t deliver. The only way to make an extrodinary impact that lasts is to be extrodinary yourself first. you have to be something that is xxxest. the wirest, the strongest, the craziest, the best. You have to wire (note, this is not a typo, I mean wire) that stupidest, most wired, the most outrage, green huge hat in your mind first, in order to have a profound impact to the world around you and beyond…

If you ask me what kind of employee I want to hire, here is my answer: if you dare to come to me for interview with a huge green wired hat, I would hire you in a heart beat. and I would give you a hug and say: lt has been 10 years, my friend…

2 Whys: The first, Why should you invest into Real Estate??

Posted on Leave a commentPosted in Rental Listings

2 whys

I guess there is no need to tell everyone here that why you need to invest. Going through the economic crisis that we are still in right now, everybody has learned in a hard way that a well-informed investment is a must to secure our own financial future, or to some extent, our true freedom and destiny.

So let’s go straight to what I called “2 whys”

Why No 01, why should we invest into real estate?

There are numerous ways of investing, why should real estate? Here, I just want to share some personal experiences to demonstrate these whys to me.

First and for most, Real Estate is a low risk and rather safe investment if you know what you are doing. The low risk factor is actually prefabricated when a decent real estate investment is being well structured starting from the beginning. It is all boils down to:

v               When you buy (I just follow one single rule: Never get into multiple offers)

v               Where you buy (location, location, location, the golden rule for real estate)

v               What you buy (Emotion has to be out as it is their dream house, not yours)

v               How much cost you (a motivate seller, not a motivated buyer leads to a safe margin)

v               How much you should pay (Engineering your safe net with bottom and up line)

v               Who is your partner? (strangely enough, your renter will be the key to your success)

v               When is the time to sell (when you hear real estate three times or more in one day, sell)

Now I pretty much tell you all the secrets to be a successful real estate investor. And none of them are exciting, super-hot, breath-taking, any anything at the same line. It is actually quite the opposite: boring, patient, discipline and some guts, are few things to get there.

Secondly, Real Estate always has the position of imbalanced supply and demand in the long term, it is especially true if you understand the geometrical location versus long term economy growth. For example, Alberta has 2nd largest oil reserve in the world. There are still 98% of the inventories untapped. On the other hand, the word of desperate to describe the need on the oil resource is still nowhere close to the reality, if you realize that all of sudden, 1.5 billon of the world population wants to throw their bicycles away and jump into cars. The make the situation worse, the world is also hitting the time called oil peak, no matter we like it or not. The simple truth is that we will need a lot of people here in Alberta in a very long time to maintain this important supply to the world economy. Therefore, real estate is going to likely in demand here in the long term.

Lastly, Real Estate is the only merchandise in the world that appreciates, and combined with the leverage with bank’s money, it makes Rate of return, the ultimate goal of any investment, very attractive, even at an average year. Let me explain this through an example. Let us say, you have $50,000 money, you face two options, Option A is to buy a really nice car, worth $200,000.00, Option B is to buy a rental house at $200,000.00. And for argument sake, you get bank loan for 25 yrs amortization at 4.0% rate. Your mortgage (for car or for the house) is $790.00. For the car, you will need to pay insurance, maintenance, gas so on, so let us the average monthly additional cost is $250.00 (could be a lot more than that, just be aware). Does it make any money? Out of luck. Even worse, the moment you drive this car off the dealer parking lot, the price goes down by 20% and it depreciates down to $5000.00 by the end of the 25th yr. so your rate of return, negative for sure.

Now let’s take a look on the house. Firstly, it appreciates, which means it likely beat the inflation rate by at least 1-2%. So let us say it is 5% appreciation rate. By the end of the 25 yr term, its value should be $677,270.99 (yes, it is no brainier by the end of Y 2035, which will be the small dingy house worth, if you know everything you put on the table is increasing price by 3% at least yearly, if not more). By the end of the Year 2035, you sell this house, and paid off the mortgage, which will leave you $627K profit. Minus $120K capital tax, you have $507K left as pure profit. What is the rate of return yearly? 40.56% if you understand the leverage and realize all in all the money you put in is 50,000 at the beginning.

40% ROI after tax, with 25 year term, not even mention the cash flow you may build up through the years if you really know what you’re doing, is not a hard fact to realize why through the human history, 90% of millionaires are made from real estate. Numbers don’t lie.

In short, the low risk and safe features that built-in with the “real” real estate investment, the 2nd nature of imbalanced demand and supply that built in with real estates at certain areas, and the secret of ROI structure due to its appreciation and leverage power, give the true and solid answer to the question why you should investment into real estate, actually, yesterday. But, just like a Chinese proverb says: “the best time to plan a tree is 20 yrs ago, the second best time is today”.  

I will reveal the next why in the next post and see you soon!