What do all Real Estate Professionals that win have in common?

What do all Real Estate Professionals that win have in common?

1. Timing, 2. Endurance ~ I believe they need at least one or both of these to succeed.

Q1 2017 is over and there is optimism in the air as we roll into spring.  For those of you that hung on and managed to stay the course or adjust accordingly through the last 18-24 months I salute you. As the uncertainty grew and the economy in Alberta went a little sideways we were all tested to see if we would grow or crumble. Long term buy and hold is not a get rich quick scheme but it does provide several certainties that those who hang on will be able to enjoy. So for those who did you shall be rewarded and for those looking to get into the market now is your chance to get in at the bottom of another cycle. I encourage you to keep learning and ask the questions required to make the next step. 1, 2 , 3 properties and your future self will be thanking you as you set the stage for a fruitful retirement.

This month I started out with some real estate education in Vancouver. This then led to a new course with a friend and some new contacts. As I am reaching for more self improvement, I find this brings on more adversity to test the strength of my desire and willingness to change. With a young family at home it makes adding anything extra, extremely difficult. There is nothing more rewarding or more challenging than having children while pursuing your goals. They have proven to be my biggest teachers lately and I have learnt so much about myself in the last 3 mths that could not have occurred without the test of endurance that was provided to me. Life is a journey and mystery that can be drifted through or enjoyed beyond our wildest dreams!

As we roll into the spring season I am looking for ways to raise my standards. I want to help give more to the people who sell to me, lend to me, buy from me and work with me. The timing is perfect right now and my endurance is high so if you need a little kick in the butt drop me line and I’ll do my best:). Just keep going until you get a little further, never give up just keep learning. It’s not supposed to be easy otherwise we wouldn’t grow. So get going, make the most of this spring and take a bigger step than last year!

All the best, Aaron

New Beginnings at Fresh Coast

New Beginnings at Fresh Coast

April was a month of new beginnings at Fresh Coast.  As Spring unfolds, we find ourselves doing a lot of cleaning and re-setting the stage from our winter crews to summer crews. It’s nice to get into each unit and have a good clean and inspection before we continue into 2017.  While the winter crews leave and the summer ones come back, so does the spring buying season.  Its time to paint, prep, cut and mow….While these deals are getting underway we get excited at Fresh Coast Investment.  Whether it’s new construction or used inventory, we look forward to getting the deals out there creating more fully furnished hotel alternative options for our guests and investing partners to enjoy.

As we run into May with momentum and a fresh start, I encourage you to review your goals and whether your financial plan is getting you there.  Have a good look and do the math, maybe things are great and you can enjoy summer. Or maybe some adjustments are to be made before the kids are out of school and summer takes full force.  We can refocus and maintain the course of action and plant new seeds for growth to enjoy.

One of the things I love about real estate is the resilience it has that other investments do not.  Even in a down market, which we are coming out of, you can see it out perform.  This is not a narrow view, but an overall perspective that brings in all the profit centers.  If you need some help reviewing these profit centers and ensuring they are giving you the most benefit, give me a call.

We have decided to plant a big garden this year and acquired 6 hens to offset our grocery bill as the boys continue to grow. The savings will certainly be going back in to the business of real estate out in Alberta so we can make the most of this current market and ensure future growth for everyone like you.  Thanks again and don’t forget to reach out with questions on how to enjoy hassle free  real estate investing.

All the best, Aaron

Why consider real estate investment?

Why consider real estate investment?

As many people find success with their businesses, many others search for good real estate investments for their profits. Of course, we should all start with traditional tax preferred assets like RRSPs and other investment funds. These are the solid ground for good benefit planning for ourselves and our employees. However, I’m also convinced more entrepreneurs should consider some rental real estate as an important part of their portfolio. I know some business owners might tum away from this concept, but let me list a few reasons that may change your mind about this type of investment. Primarily, the main reasons are for future investments, additional incomes and numerous tax benefits.

Real Estate is one of those investment mediums where using the bank’s money couldn’t be easier. If you have the ability to make a down payment then you can leverage your capital and increase your overall return on investment. Buying rental property is based on speculation that it’s value could be a dangerous maneuver since cash flow is paramount. However, the appreciation of a real estate investment over the long-haul is certainly realistic. At the least you should be considering a tax-deferred benefit. In the future, you may even consider a charitable trust or an installment sale to lesson your tax liability further. Rental real estate can be a retirement plan. Most people are poor savers and lack the discipline to put a monthly deposit into saving accounts or RRSPs. Buying a rental property is a good sized investment  that requires commitment to maintain it. In the long-run, you will be grateful if you don’t give up too soon and you will build future cash flow as well as your wealth. Depending on your classification, whether a active investor or Real Estate agent and your income level, there is a good chance your rental property and your overage of tax deductions can be used against your other incomes. However, always check with your accountant before investing so your expectations aren’t disappointing. Rental property provides investors with another opportunity to convert some personal expenses against valid business deductions. Rental real estate is a real business. This means that even travel expenses to check on your properties and payments to others who manage your properties can be deductible and increase the tax benefits. Because of depreciation and mortgage interest deductions, your cash flow should now be tax-free. In fact, a majority of the time, investors will never pay taxes on their cash flow and capital gains, only on the sale of the property.

I meet with many successful entrepreneurs and most have taken profits from their businesses and invested in rental properties. I have urged my clients to buy at least one rental property per year. I have seen clients with rental properties earning income they never imagined possible. Most of us will never get rich overnight unless they receive an inheritance. Generally it takes more of a long-term investment strategy with a diverse portfolio to truly build wealth.

What are you thoughts?

My Real Estate investment changed my life

My Real Estate investment changed my life

I thought it would be good to share my own personal story of success and how it lead into a successful business model in real estate investment.

When I was just a young man of a mere twenty five years old, I started out as an apprentice pipe-fitter.  I began my family with my first of three sons enriching the lives of my wife and I. At that time I was given good advice and acquired two rental properties. At the same time, we ourselves were in the process of purchasing a family dwelling for our growing family so that we could continue to enjoy the moments of family life.

Then one day on the way to work, I had this thought. If I could just hold onto these three properties I will be able to retire early at the age of 50 years old and have a million dollars in equity as well have enough cash flow to bring in a wage $60,000 per year to live on with no mortgages by that time. At that point I realized at that moment that I’d stumbled upon a good thing. I was hooked on this process and my idea.  I wanted to share the idea of investing in real estate as well as sharing the satisfaction it gave me with others by helping them invest for the long term and retire early.

I’d love to hear your comments about my story and share with you more information about real estate investing that will help you stay ahead of this game called life.

Creating a lifestyle through Real Estate

Creating a lifestyle through Real Estate

As for a lifestyle, so far this life has had more of a way with me than I have with it. There’s been a lot stuff that have happened so far and situations that just seem unbelievable. Up until now I have seen some interesting teen years, good parties in my 20’s, then marriage and switching to starting a family. Now I’m waking up again to a new era of relationships and business in my 30’s. What I have learned and believe to be true is that everything is everything and everything we create in our life comes from our heads first.

There are tools for this lifestyle creation, ways to secure your future and one of them is real estate. You may have heard of several people who have used it to get rich. Donald Trump is now running for president because his real estate got so big. My point is, with the right mindset you are set and by using real estate, it will help build the life you seek. This is my opinion and not to be used in place of legal or accounting advice, so take note at your discretion.

I have been down this path for over 10 years now and although the beginning is slow, time goes by and the pace picks up. The limits are endless and you can enjoy whatever lifestyle you like. Some techniques in real estate are buy & hold, flips, rent to own, lease options, agreement for sales, suited, multi family, renovate, college rentals, commercial and more. By being creative and by building systems to keep you organized you will have tangible assets to generate the outcome or experience you want to create in the short or long term.

Life is about having fun and feeling good. I want to make sure that this is achieved in a manner that is satisfying to all involved. By moving forward on a path of lifelong learning and improvement, I hope to encourage you to use whatever methods seem best for you. When you attach some investment property on the side, it can back you up with it’s consistency in case other ventures don’t go as planned or they run their life cycle. A resource that can make a huge difference in your success is Real Estate Investment Network for Canadians. As all my partners know, we are happy to share our thoughts and will always remain 100% transparent to ensure you have the best experience possible.

Not sure where to get started in real estate investing?

Not sure where to get started in real estate investing?

Investing is a very strange world that most people avoid due to the potential risks and confusing information out there. We get advice from our parents, media, neighbours, friends and our bankers, but what works best for you? Do you have goals? Who can you trust to put your goals and needs before theirs? Some people are fearless and just go out and try things knowing something will probably work or either way it will work out for them. Most people are a little more cautious and rightfully so. With your goals in mind, you need to be comfortable with what you’re getting into. Real estate is only one of many ways to invest.  Education in real estate investment is first and foremost. Asking those who have experience, can really help you progress without losing your mind or your money.

To get yourself into a position where you can be aware of your options, the risks involved, the benefits, and the work or lack thereof, I suggest finding some mentors. Mentors could be family members who have retired successfully, business owners small and large, stock investors or real estate investors who have experience in their field, thereby allowing you to see the whole picture. Different investments provide different ROI’s (return on investment), provide profits in different forms and give you different amounts of involvement on your part. Some may take years to generate a profit and thousands of hours of your time to learn and build up a successful cash machine. Others can be hands-free providing long term equity growth. Others may show you some form of cash flow to enjoy right away.

Another great source of mentorship could be autobiographies of real people who have achieved high levels of success in their lives. Additionally, you could take courses or seminars to help you learn what will work for your goals. One warning I will mention is ‘be careful who you listen to.’ Everyone has an opinion and some have a lot of pride which may affect the value of what they say. If you are learning from someone who has not achieved what you’re looking to do, then you could be learning the wrong information. I would suggest that you take it all in,  but keep what you like and throw away the rest. You may also strive to become more knowledgeable than your mentors at some point and that is a great place to be. Just make sure you gather more mentors and teachers who can help you go even further.

So why would you want to learn about investing? Well I like to snowboard, travel, surf, spend time with my family, work when I feel like working and take care of my parents later in life. Getting financially educated will empower you to be and do anything you want in this life. But it’s really about who you become so the freedom and confidence acquired along the way will open more doors to a fulfilling life. As you reduce the financial trap of the “human rat race”, that most people get stuck in their whole life, you will become lighter and more graceful in everything you aspire to do.