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Volition meetup 2019.10

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Joint Ventures are the solution to every real estate problem, am I right? Have no money to invest - find a JV partner! Have too many properties and can’t qualify anymore - find a JV partner! Want to invest from your couch, never lift a finger and get great returns? JV, JV, JV!! Well, not so fast. As our members know, we like to paint the whole investing picture - the good, the bad and the ugly - and joint ventures are no exception. Come join us on October 16th, at Creeds Coffee Bar to hear from Erwin Szeto a master at JV’s. We’ll be covering not only the basics on Joint Ventures, but the rarely discussed downside risks. You’ll come away with a complete understanding of what you’re getting into when deciding on your next Joint Venture.

Erwin Szeto is a wealth hacker and runs an award winning business called iWIN Real Estate and is also the host of the Wealth Hacker Conference featuring Grant Cardone. Erwin and wife’s charity the Hamilton Basket Brigade has provided holiday meals to thousands of people in Hamilton and now focus on providing warm clothing and gifts to the most impoverished children in Hamilton. His podcast The Truth About Real Estate Investing is the top Canadian real estate podcast and he’s also been named a top 20 influencer in Canadian Real Estate.

You don't want to miss this opportunity to learn about Joint Ventures from our expert speaker Erwin Szeto!

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Location:
Creeds Coffee Bar
390 Dupont St, Toronto, ON M5R 1V9 (Dupont/Spadina)

6:30pm-10:00pm
RSVP NOW!!!

Entry Fee: The workshop is $20 at the door (cash or credit card using Square)

Schedule:
6:30pm-7:00pm: Arrival and networking (remember that your network is your net worth!)
7:00pm-9:00pm: Presentations begin at 7pm SHARP
9:00pm-10:00pm: Networking and drinks

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Volition Properties

Volition Properties is an award-winning Toronto boutique real estate investment firm that provides advisory and turnkey real estate investment services. Its mandate is to help real estate investors sustainably invest to build wealth in the Toronto real estate market by investing in low-risk, freehold, cash-flowing income properties over longer-term real estate cycles.

[Volition (vō-ˈli-shən): The power to make your own choices or decisions; free will. Living life by design, not by default.]

Contact us today for any questions about investing in real estate in Toronto! ming@volitionprop.com

Published in: Real Estate
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Volition meetup 2019.10

  1. 1. @volitionproperties www.volitionprop.com Volition Investment Mastermind October 2019
  2. 2. @volitionproperties www.volitionprop.com Who is Volition?
  3. 3. @volitionproperties www.volitionprop.com Thank you Creeds!!
  4. 4. @volitionproperties www.volitionprop.com Who is Volition? ● Certified Real Estate Investment Advisors ● Toronto’s Exclusive Investor Realtor for REIN Buyer’s Group ● Nominated for REIN’s Highest Award (Michael Millenear Leadership Award)… (and a bunch of other awards: SilverInvestment Award, Bronze Investment Award, Chairman’s Club, President’sClub, Top Producer, blah blah blah) ● $25M+ in personal holdings over 50 doors
  5. 5. Realty ManagementAdvisory Mentorship & Education & Consultation Acquisition of Investment Properties Design & Renovations Leasing & Property Management Renovations We are Toronto’s leading full-service, bespoke Real Estate Investment Firm
  6. 6. @volitionproperties www.volitionprop.com We do normal stuff better than normal agents! ● Why list with us? Investor advantage! ○ Your primary residence is a key tool in your investment portfolio ○ Active buyers / investor list ○ The BEST marketing ■ Virtual 3D Dollhouse, Drone, Lifestyle video ■ Multiple languages, foreign investors ● We can also help you find your dream home! ○ Top 1% of all agents ○ Extensive local knowledge of one of your biggest investments ○ Combination personal residence and investment property
  7. 7. @volitionproperties www.volitionprop.com
  8. 8. @volitionproperties www.volitionprop.com Private Volition Mastermind Chat Group ● Open to Investor clients & Advisory clients. ● Talk about news, tenant issues, share contacts, basically help navigate the difficulty of this investor world! Let us know if we missed you!!
  9. 9. @volitionproperties www.volitionprop.com FREE Monthly “REI Coffeehouse” Web Chat ● What: No format. No presentation. No script. Q&A. Real people with real problems. Occasionally guest speaker. Send in your questions beforehand, and then we’ll chat about them and get your questions answered. ● Why: “Meetup once a month isn’t enough! I need more networking, more Q&A time, more learning, more community, more like-minded people, more engagement!” ● When: 12pm-1pm during your work lunch break. Once a month (in between Meetups). ● How: Log on using Zoom.us (webcam & microphone). Scheduled thru Meetup.com (www.meetup.com/Volition) (1. Also, if you have any suggestions on the format, content, etc., let me know!) (2. If you have a suggestion on the SPECIFIC TIME other than the planned 12pm-1pm, also let us know!) Back on!!
  10. 10. @volitionproperties www.volitionprop.com Our in-house Volition Ambassadors!
  11. 11. @volitionproperties www.volitionprop.com Sign up for Advisory! ● 60 Minute complimentary Advisory Consultation ● We will help you determine ○ Where you are at ○ Where you want to go ○ Help you build a customized plan to get there ● Sign up with Ed! ● We will reach out to you to schedule a session with our Advisory team
  12. 12. @volitionproperties www.volitionprop.com Ming’s Market Minute
  13. 13. @volitionproperties www.volitionprop.com TREB Market Data
  14. 14. @volitionproperties www.volitionprop.com Market Update - Sales Volume
  15. 15. @volitionproperties www.volitionprop.com Market Update - New Listings
  16. 16. @volitionproperties www.volitionprop.com Market Update - Average Resale Home Price
  17. 17. @volitionproperties www.volitionprop.com Volition Market Data
  18. 18. @volitionproperties www.volitionprop.com Toronto Downtown Core
  19. 19. @volitionproperties www.volitionprop.com Volition Metrics - Downtown municipalities
  20. 20. @volitionproperties www.volitionprop.com Volition Metrics - Downtown SF Detached
  21. 21. @volitionproperties www.volitionprop.com Toronto - Everywhere else
  22. 22. @volitionproperties www.volitionprop.com Volition Metrics - Uptown municipalities
  23. 23. @volitionproperties www.volitionprop.com Volition Metrics - Uptown SF Detached
  24. 24. @volitionproperties www.volitionprop.com Volition Metrics - Condos
  25. 25. @volitionproperties www.volitionprop.com Analysis - Election Results
  26. 26. @volitionproperties www.volitionprop.com Election Results ● First time homeowners incentive to increase from $500k to $800k in select areas (read: Metro Toronto / Vancouver) ○ Net effect to heat the market ○ Create an artificial cap at $800k ● Institute measures on foreign buyers similar to BC ○ Foreign Buyers Tax ■ 15-20% on the fair market value of the property ○ Vacancy Tax ■ 2% for foreign owners and satellite families ■ 0.5% for Canadian citizens or permanent residents of Canada who are not members of a satellite family ○ “The vacancy tax will create a nuisance for mobile homeowners and will generate a modest revenue source for the government, but it is unlikely to have broader economic impacts,” noted Rebekah Young, director of fiscal and provincial economics at the Bank of Nova Scotia.
  27. 27. @volitionproperties www.volitionprop.com Election Results ● Work with provincial governments to crack down on financial crime in the real estate sector. ○ Real estate biggest area for money laundering ○ Operate above board - this will be not only large crimes, but tax evasion ● Accessible and affordable housing for veterans and infrastructure investments that could include homes in some Indigenous communities and 100,000 affordable homes over a decade. ○ Not enough details at this time
  28. 28. @volitionproperties www.volitionprop.com I’ve got no (little) money - how do I start investing?
  29. 29. @volitionproperties www.volitionprop.com How do I start investing? ● We get this question all the time and you know we love triplexes, but their not always an option when starting out. ○ Triplex - $1.2MM ○ $300k in closing costs ● Don’t buy in a cheap, buy smart. ● If you find a property cash flowing $500 a month that costs $200k, there is a reason. We’re not smarter than the market. ● Must still follow investing fundamentals - Transit, the right demographics (not a lifer!), economic growth, population growth, etc. ● Holding a half day seminar in January to go through real estate investing fundamentals
  30. 30. @volitionproperties www.volitionprop.com How do I start investing? ● You always want to have multiple strategies for exit. We talk about this in flipping and multiplexes, but the same holds true for precon ● Buy and Hold is best (you get all three ways real estate makes money then) but 5 years is a long time and life happens! ● Assignments are one strategy if you need an early exit ○ Post on MLS and you’re good? NO! ○ Can’t post to MLS - you don’t really own the property ○ How do you sell - damn good private network ○ How do you structure the sale? ■ All the money up front - limited market ■ On approved financing - A whole bigger set of buyers ○ Easy Deposit Structure - Don’t need 20% upfront and CHMC insurance on anything less
  31. 31. @volitionproperties www.volitionprop.com What To Look For: - It’s all about INFRASTRUCTURE - Growing city with gentrification expanding from the core outwards - Targeting highly rentable areas with higher future potential HOWEVER, don’t invest in the area based on speculation alone! Getting Into The Toronto Market
  32. 32. @volitionproperties www.volitionprop.com Areas We Like for Condos! - The Core, near schools and the Financial District! - Along the new Eglinton Line - New City Master Plan Projects - Along all major transit lines - ~20 minute commute to Downtown Why? Because we see significant growths in rents!
  33. 33. @volitionproperties www.volitionprop.com Projects We Like - The Forest Hill Condo Direct Transit Access - resales for 18% more!
  34. 34. @volitionproperties www.volitionprop.com Projects We Like - Galleria On The Park
  35. 35. @volitionproperties www.volitionprop.com ● All calculated here! ● Our secret weapon! ● BOOKMARK IT ON YOUR PHONE/LAPTOP! Volition Investment Calculator
  36. 36. @volitionproperties www.volitionprop.com The Main Event - Joint Ventures - The Good, The Bad, The Ugly
  37. 37. @volitionproperties www.volitionprop.com Erwin Szeto - Wealth Hacker ● Award winning business called iWIN Real Estate ● Host of the Wealth Hacker Conference featuring Grant Cardone. ● Erwin and wife’s charity the Hamilton Basket Brigade has provided holiday meals to thousands of people in Hamilton and now focus on providing warm clothing and gifts to the most impoverished children in Hamilton. ● His podcast The Truth About Real Estate Investing is the top Canadian real estate podcast ● Named a top 20 influencer in Canadian Real Estate.
  38. 38. @volitionproperties www.volitionprop.com Announcements
  39. 39. @volitionproperties www.volitionprop.com Sign up for Advisory! ● 60 Minute complimentary Advisory Consultation ● We will help you determine ○ Where you are at ○ Where you want to go ○ Help you build a customized plan to get there ● Sign up with Ed, Ming or Matt ● We will reach out to you to schedule a session with our Advisory team
  40. 40. @volitionproperties www.volitionprop.com Next Month - Russell Westcott ● Famous Author, Russell Westcott will be coming from the west coast ● New Date of November 6th - two weeks time!
  41. 41. @volitionproperties www.volitionprop.com Giveaway! ● Erwin has a give away ● Discount code “Ming” for the Wealth Hacker Conference - 10% off ticket price!
  42. 42. @volitionproperties www.volitionprop.com What do YOU want to learn about next year?
  43. 43. @volitionproperties www.volitionprop.com
  44. 44. @volitionproperties www.volitionprop.com Networking Time! ● Please stay, have a drink / food and support a local business ● We will be here until 10pm THANK YOU!!
  45. 45. @volitionproperties www.volitionprop.com Appendix
  46. 46. @volitionproperties www.volitionprop.com ● Revisiting the Mutli Family BRRR ● Purchased Last Year ● Price: $1.182M ● Reno: $500,000 + $50,000 carry costs ● ARV: $2,007,600.00 ● Expected Rent: $9000 ● Expenses: $1000 ● Mortgage: $6945 ● Cashflow: $854 Real Life: "If you bought this 5 years ago..." now

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