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For this coffeehouse chat, we touch on:

• Executive Rental Strategy with Triplexes
• Operationalization of your real estate business
• What does it take to be the best landlord in Toronto? Personally, I’m always interested in out-performing my neighbors not just the marketplace index
• What can I do (besides renovate my unit) to attract and retain premium clients?
• Which listing websites should I be using? Viewit.ca, Craigslist, Kijiji, AirBnB, Condo.ca, padmapper, torontorentals.ca, etc?
• rental application fee
• move-in fee
• criminal record check
• credit check
• allowing pets (and what is the best way to screen pets?)
• cleaning services included
• parking included
• utilities included
• internet included
• furniture included (I hate the thought of tenants destroying my newly reno’d property with all that back and forth)
• how often do you recommend checking in on the unit/tenant…. how often is too much
• general communication expectations
• Understanding the service expectations of my customer and their willingness to pay for those services is really important to me. I hope you’ll consider this topic.
• Have a corner lot house in north York by a four way stop that I want to add a second driveway. Typically how far from the intersection does it need? Where do they start measuring from?
• Off market deals
• You guys talk a lot about how you don’t invest in areas outside of the Toronto core (Hamilton, Waterloo, etc) I was wondering if you could elaborate more about that on why and if you had any anecdotes. Is that the same even if it’s a targeted purchase like student housing in a university town
• Between executive rentals and triplexes, the investment types i’ve seen you guys talk about tend to be on the higher end, for someone who’s just starting out and doesn’t have 800k cash, what is a strategy that you would suggest for a lower budget? (Or is there none and you should just save up more money)
• MONEY IS ONLY A ROADBLOCK IF YOU BELIEVE THAT IT IS A ROADBLOCK
• TVS Tenant Screening Servicestenanverification.ca
• what price point would you be looking at for a condo to start off

You can access the web chat video here 

It’s that time of the month – the FREE Monthly Online “Real Estate Investing Coffeehouse” Web Chat! Based on feedback from our clients and investors, you want MORE! More networking, more Q&A time, more learning, more community, more like-minded people, more engagement… And that a Meetup once a month wasn’t enough! Volition’s mandate has always been to remove obstacles and roadblocks… and now the REI Coffeehouse will solve this problem!

 

Why did we call this a “Coffeehouse Chat”? Because the format is simple. No format. No presentation. No script. Just an informal 1hr online web conference chat that you can log into from your computer after your dinner time (7pm-8pm)… not too much different than if you were meeting a friend for a coffee at a nearby coffee shop. Just real people with real problems, and maybe the occasional guest speaker. Send in your questions beforehand, and then we’ll chat about them and answer your questions with everyone else on the line… others may even jump in with their own input or experiences. Even if you don’t have a specific question, join the web chat anyway because you can join from your computer!! (and it’s FREE!!)

 

The REI Coffeehouse will be using Zoom.us, so have your laptop’s webcam and microphone on to join the web chat. And we’ll be screen recording it and posting each REI Coffeehouse Chat on our website, along with our Monthly Meetup content.

For this coffeehouse chat, we’ll be focusing on Triplexes Conversions! We’ll touch on:

  1. The triplex business model and why it makes sense
  2. How much capital is required? (Hint: It’s not for a beginner, but it’s well worth it!)
  3. What we look for in a property. What are the key physical aspects that make a property a good candidate?
  4. How to estimated construction costs
  5. Navigating the approvals process (permits, committee of adjustments, etc.)

 

You can access the web chat video here 

It’s that time of the month – the FREE Monthly Online “Real Estate Investing Coffeehouse” Web Chat! Based on feedback from our clients and investors, you want MORE! More networking, more Q&A time, more learning, more community, more like-minded people, more engagement… And that a Meetup once a month wasn’t enough! Volition’s mandate has always been to remove obstacles and roadblocks… and now the REI Coffeehouse will solve this problem!

 

Why did we call this a “Coffeehouse Chat”? Because the format is simple. No format. No presentation. No script. Just an informal 1hr online web conference chat that you can log into from your computer during your dinner hour (7pm-8pm)… not too much different than if you were meeting a friend for a coffee at a nearby coffee shop. Just real people with real problems, and maybe the occasional guest speaker. Send in your questions beforehand, and then we’ll chat about them and answer your questions with everyone else on the line… others may even jump in with their own input or experiences. Even if you don’t have a specific question, join the web chat anyway because you can join from your computer!! (and it’s FREE!!)

 

The REI Coffeehouse will be using Zoom.us, so have your laptop’s webcam and microphone on to join the web chat. And we’ll be screen recording it and posting each REI Coffeehouse Chat on our website, along with our Monthly Meetup content.

EXECUTIVE SUMMARY:  WHAT IS SO SPECIAL ABOUT THIS PARTICULAR CONDO PROJECT?

 

  • BEST SUITED FOR OWN USE.  While the area and location is amazing, and while there are tons of infrastructure developments going on in the area (East Harbour, Google Smart City, etc.), this does NOT fit our traditional cashflow business model, and thus is most suitable for owner’s own use / end users.
  • LARGE UPSIDE POTENTIAL.  Although it’s not our traditional cashflow business model, we still believe in the area and the upside growth potential of this development, the business model is just slightly different and slightly more speculative if viewed as an investment, which may still suit certain investor profiles.
  • VIP ACCESS.  We have VIP early access to this project because of our relationships with the developers.

*Location: Regent Park which is beginning Phase 3 of a 5-Phase Master Gentrification Plan.

*Nearby Developments (East Harbour): 15 mins walk from the massive East Harbour master planned office/retail mixed use development (50,000 new jobs)! www.eastharbour.ca

*Nearby Developments (Google Smart City): 20 mins walk from future revitalization of Eastern Waterfront by Google Smart City (50,000+ jobs)! www.sidewalklabs.com

*More details available in the Volition Investor Kit PDF.

 

DEVELOPMENT DETAILS

Project Name:  River & Fifth
Developer: Broccolini

Address:  5 Defries St Toronto 
Major Intersection:  River St & Queen St
Architect:  Graziani + Corazza Architects Inc
Storeys/ Units:  37 Storey/580 Units
Maintenance Fees: TBD
Taxes:  TBD
Locker: $7,000
Parking:  Standard $60,000, EV $65,000
Estimated Completion:  TBD

Deposit Structure

$10,000 Upon Signing
Balance of 5% in 30 Days
5% in 90 180 days
5% in 540 720 days
5% in 720  occupancy

International Deposit

$10,000 Upon Signing
Balance of 10% in 30 Days
10% in 180 days
10% in 540 days
5% on Occupancy

HIGHTLIGHTS

  • Transit score 99/100
  • Located in Regent Park, Toronto
  • 3 mins walk to Dundas St streetcar and less than 10 minutes ride to downtown Toronto
  • 3 mins walk to 6 acre Regent Park & Aquatic Centre
  • 6 mins ride to Ryerson University
  • 15 mins walk to St Lawrence Market
  • Within 15 mins ride to UofT, George Brown College
  • 15 mins ride to Hospital for Sick Children, Mt Sinai Hospital, and Toronto General Hospital
  • 20 mins ride  to the Union Station
  • 20 mins ride to Financial District
  • 25 mins walk to The Air Canada Centre
  • Easy access to Gardiner Expressway and DVP

 

How to Purchase a Unit:

  • Floor plan, price list and brochure are available.
  • Unit selection will be on a first come first serve basis.

If you have any questions, feel free to email, text, or call me at 647-895-8945.

 

This is a new format, so we are going thru the learning stages of how to best make this work this work. The mandate for this is just that I kept hearing that Volition clients and Meetup attendees just wanted more opportunities to grow, to network, to learn from each other, to get their questions answered, and to share experiences both good & bad. So… it’s really informal right now. For now, I’m just going to run this as an AMA – Ask Me Anything. You can ask your questions, and either I can try to answer them or I can call upon others on the Webchat to share their experiences. Cool? No holds barred! Every question is fair game!

You can access the web chat video here 

Volition is starting a FREE Monthly Online “REI Coffeehouse” Web Chat! Based on feedback from our clients and investors, you want MORE! More networking, more Q&A time, more learning, more community, more like-minded people, more engagement… And that a Meetup once a month wasn’t enough! Volition’s mandate has always been to remove obstacles and roadblocks… and now the REI Coffeehouse will solve this problem!

Why did we call this a “Coffeehouse Chat”? Because the format is simple. No format. No presentation. No script. Just an informal 1hr online web conference chat that you can log into from your computer… not too much different than if you were meeting a friend for a coffee at a nearby coffee shop. Just real people with real problems, and maybe the occasional guest speaker. Send in your questions beforehand, and then we’ll chat about them and answer your questions with everyone else on the line… others may even jump in with their own input or experiences. Even if you don’t have a specific question, join the web chat anyway because you can join from your computer!! (and it’s FREE!!)

The REI Coffeehouse will be using Zoom.us, so have your laptop’s webcam and microphone on to join the web chat. And we’ll be screen recording it and posting each REI Coffeehouse Chat on our website, along with our Monthly Meetup content.

We will be scheduling our REI Coffeehouse Chats thru Meetup.com (www.meetup.com/Volition), so make sure you go there and sign up to get notified of the next one!

What do you think? Will you be logging on and joining us to talk about all-things-real-estate??

(1. Also, if you have any suggestions on the format, content, etc., let me know by posting it below!)
(2. If you have a suggestion on the SPECIFIC TIME other than the planned 12pm-1pm, also let us know by posting it below!)

Have you always wondered how the world of executive rentals work? How are some investors able to get $3000, $4000 sometimes upwards of $5000 in rents on their condos? Join us to hear Rick Aubry speak! Rick is the Managing Partner at Premiere Suites and will be teaching us all about the world of executive rentals!

For most unsophisticated consumer-level investors, cashflow negative between $200-$400 is a reality when buying a regular investment condo. As sophisticated investors, this isn’t good enough for us. We are supposed to be sophisticated, so let’s act like it!! By thinking creatively and strategically, we can potentially offset or circumvent this negative cashflow. Executive rentals may be the solution: it may be the rental strategy that we employ in order to support your acquisition strategy, allowing you to continue to invest.

More importantly, learn how this can potentially creates a new opportunity for making condos work again… opening the door to investing in Toronto with lower amounts of investable capital. While we still believe in triplexes in downtown Toronto, not everyone has $300-750k of capital available to be able to buy/create a luxurious cashflowing triplex. But perhaps you have $150-200k of capital available? Wouldn’t it be great to also be able to cashflow positive with lower amounts of capital… WITHOUT having to go outside Toronto to the smaller, more risky towns just because it is “cheaper”? While at the same time, rest assured knowing that your property is being occupied by an corporate executive level individual who treat the property like their own?

 

You can access the Meetup slides and the Meetup video here 

 

—————————–

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

 

 

Volition is starting a FREE Monthly Online “REI Coffeehouse” Web Chat! Based on feedback from our clients and investors, you want MORE! More networking, more Q&A time, more learning, more community, more like-minded people, more engagement… And that a Meetup once a month wasn’t enough! Volition’s mandate has always been to remove obstacles and roadblocks… and now the REI Coffeehouse will solve this problem!

Why did we call this a “Coffeehouse Chat”? Because the format is simple. No format. No presentation. No script. Just an informal 1hr online web conference chat that you can log into from your computer during your workday lunch hour (12pm-1pm)… not too much different than if you were meeting a friend for a coffee at a nearby coffee shop. Just real people with real problems, and maybe the occasional guest speaker. Send in your questions beforehand, and then we’ll chat about them and answer your questions with everyone else on the line… others may even jump in with their own input or experiences. Even if you don’t have a specific question, join the web chat anyway because you can join from your computer!! (and it’s FREE!!)

The REI Coffeehouse will be using Zoom.us, so have your laptop’s webcam and microphone on to join the web chat. And we’ll be screen recording it and posting each REI Coffeehouse Chat on our website, along with our Monthly Meetup content.

We will be scheduling our REI Coffeehouse Chats thru Meetup.com (www.meetup.com/Volition), so make sure you go there and sign up to get notified of the next one!

What do you think? Will you be logging on and joining us to talk about all-things-real-estate??

(1. Also, if you have any suggestions on the format, content, etc., let me know by posting it below!)
(2. If you have a suggestion on the SPECIFIC TIME other than the planned 12pm-1pm, also let us know by posting it below!)

 

Topics that we discussed:

  • Any new mtg products for investors?
  • I’m just hear to hear about the issues some people are having. Thanks for having me!
  • How to structure the legal entities on both sides of the border when investing in US market?
  • I there any hacks to save capital gain like 1031 exchange in Canada?
  • what markets are you looking at for student rentals
  • Hi Matt, what are your thoughts on commercial real estate? Do you own any commercial real estate? If yes, what factors/variables do you consider before buying? Thanks.
  • Do all the property analysis calculators and percentage rules mainly available through US based websites are also applicable to Canadian property market? Any exception or additions to rules what one should remember for Ontarios expensive market?
  • Where can I see GTA deals for practicing property analysis if I have not yet approached a realtor.
  • How can one become a part of some syndicate deal and is it even something a newbie should get into? Can you give some examples of how it works.
  • If I am trying to invest in SF homes in Ontario, how can I safely invest and have 10 mortgages under individual name without legal issues. How can I protect myself from any liability in cases of accident or mishap at the property  either due to the renters fault or no fault.

You can access the web chat video here 

The very first book I read that started me on the path to become a real estate investor, was Rich Dad, Poor Dad. In that book, Robert Kiyosaki uses an analogy on how wealth is built.

Think about wealth as water and your finances are a bucket holding that water. Most people have one tap filling that bucket – their job. But they’ve got lots of holes in that bucket – bills, car payments, their mortgage, and **TAXES**. To build wealth, you’ve got to turn on as many taps as possible and close as many holes in your bucket as possible.

Improper tax planning can be one of the largest drains on your real estate investments, so join us on March 20th and lean how to pay less tax! We’ll be covering topics like:

Corporations – When should I incorporate? Should I buy in a corporation? Taxes on corporations? Active vs passive income? Business corps – using profits to invest?
Estate Planning – How do I pass my assets down to the next generation?
Taxation Best Practices – What is building depreciation and why is it important? What is eligible for interest deductibility? How do I deduct the interest of my HELOC?

It’s essential to understand these things even if you only have one property. If you’ve already accumulated a few properties, it’s even more important to correct any mistakes you’ve made. Bad planning can completely kill some investment business cases, home flipping for example, so come learn how to do things right with one of the best in the industry!

Peter is a Real Estate Investment focused accountant and well known in the investment world. He regularly presents in front of hundreds of people at REIN meetings and is making the trip from Kitchener to speak to our group. His accounting firm provides strategic accounting and taxation services to grow your business and and protect your real estate investments. His partner George Dube literally wrote the book “Tax, Accounting, and Legal Strategies for the Canadian Real Estate Investor”.

Their services include:
> Assurance Services
> Business Advisory
> Real Estate Tax Planning and Structure
> Retirement & Estate Planning
> Tax Consulting
> Business Tax Compliance
> Personal Tax
> US and International Tax Services

To ensure that we are covering topics that are relevant to YOU, email your questions or scenarios to ming@volitionprop.com and we will “incorporate” them into the presentation… 😉

 

You can access the Meetup slides and the Meetup video here 


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

34 joined our first ever REI Coffeehouse Webchat!!  About 20 stayed for the entire time, and 11 stuck around at the end to fill out a poll.  Pretty positive response… Most people rated it between 8-10 (out of 10)!!  And 10 out of 11 people said that they would join again.  I myself thought it was kinda boring, but maybe that was because I was staring into a blank sea of black screens (most people kept their webcams off) and so it kinda felt like I was talking to myself!!

Topics covered:

  • AirBnb (and possible tax implications)
  • Executive Fully-Furnished rentals
  • Condo Assignments
  • HELOCs
  • “Flipping to yourself” as a strategy
  • Including/excluding utilities in rents
  • Property Management

 

 

You can access the web chat video here 

 

 

This is an ADVANCED-LEVEL MORTGAGE PLANNING session. This doesn’t mean you have to be at an advanced-level and/or expert in order for this to be applicable to you, this just means that the LEVEL OF SOPHISTICATION that we will be bringing is top-notch.

Financing is the SINGLE BIGGEST CHALLENGE facing real estate investors. There are only two types of real estate investors out there: ones who HAVE run out of money, and those who WILL run out of money. It’s no wonder when we polled our members, a session on mortgage planning was their #1 pick.

We strive to solve problems, so we’re bringing in a titan in the industry, David Goncalves to analyze your financing in REAL TIME. David Goncalves (award-winning Mortgage Broker who specializes in real estate investors) has funded over $1.5 BILLION in mortgages. David is MASTER at finding untapped opportunities within your real estate portfolio. Imagine being able to capitalize on higher returns and reach financial freedom even faster thru restructuring your real estate portfolio and mortgage portfolio?! David can make this a reality for you. David usually packs full auditoriums of people when he speaks at events across the country, so COME AND TAKE ADVANTAGE OF THIS INCREDIBLE OPPORTUNITY!!

FOR THREE LUCKY PEOPLE, DAVID WILL ANALYZE THEIR SCENARIOS – BUT THERE IS ONLY ONE WAY TO SIGN UP!

GIVE US YOUR PROBLEMS!! If you’re a first time buyer, we want you; if you have a bunch of properties, we want you too; heck if you’ve got multiple corporations, self-employed, have to consider estate planning, give us your toughest scenario, we want you too!

This won’t be one of those sessions where there are a bunch of “ifs” “maybes” “I need to see documents”, FOR THOSE WHO VOLUNTEER AHEAD OF THE SESSION, we will ensure that we get all the right documentation and numbers ahead of time, so that you’re essentially getting a custom planning session from David! THIS IS A FIRST COME, FIRST SERVE BASIS, so please reach out ASAP!

You can access the Meetup slides and the Meetup video here 

—————————–

Volition Properties
www.volitionprop.com

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

Volition is starting a FREE Monthly Online “REI Coffeehouse” Web Chat!  Based on feedback from our clients and investors, you want MORE!  More networking, more Q&A time, more learning, more community, more like-minded people, more engagement… And that a Meetup once a month wasn’t enough!  Volition’s mandate has always been to remove obstacles and roadblocks… and now the REI Coffeehouse will solve this problem!

Why did we call this a “Coffeehouse Chat”?  Because the format is simple.  No format.  No presentation.  No script.  Just an informal 1hr online web conference chat that you can log into from your computer during your workday lunch hour (12pm-1pm)… not too much different than if you were meeting a friend for a coffee at a nearby coffee shop.  Just real people with real problems, and maybe the occasional guest speaker.  Send in your questions beforehand, and then we’ll chat about them and answer your questions with everyone else on the line… others may even jump in with their own input or experiences.  Even if you don’t have a specific question, join the web chat anyway because you can join from your computer!! (and it’s FREE!!)

The REI Coffeehouse will be using Zoom.us, so have your laptop’s webcam and microphone on to join the web chat.  And we’ll be screen recording it and posting each REI Coffeehouse Chat on our website, along with our Monthly Meetup content.

We will be scheduling our REI Coffeehouse Chats thru Meetup.com (www.meetup.com/Volition), so make sure you go there and sign up to get notified of the next one!

What do you think? Will you be logging on and joining us to talk about all-things-real-estate??

(1. Also, if you have any suggestions on the format, content, etc., let me know by posting it below!)
(2. If you have a suggestion on the SPECIFIC TIME other than the planned 12pm-1pm, also let us know by posting it below!)

 

 

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