Hello everyone with Hamilton real estate investment property!!!
The Crossfit Open is upon us again, this is my third year in a row competing in the world wide competition open to pretty much anyone who wants to test their mettle by doing five work outs in five weeks.
Week 1 was 20 minutes of cardio, my weakness so I’m currently ranked quite low, around 25% percentile.
Week 2 challenge, which includes bar muscle ups, an advanced gymnastics movement that combines power to weight ratio. You know what a pull up is where you raise your chin over the bar, well now you have keep pulling till your upper body is over the bar and finish with your arms straight. Wish me luck!! I’ll be happy to do 1-3 of them which should help improve my ranking.
Don’t you love challenges? I’ve found conquering low risk challenges like fear of heights, and health and fitness challenges, makes facing real challenges – like new business ventures and investing in real estate – much easier. So challenge yourself! Write your first offer, run a 5km, or learn a new sport. Just go forth and be awesome because it’s an amazing feeling.
What happens when the market crashes?
First off, let’s clarify, we are not the US, nor is our market artificially inflated with unregulated mortgages like our friends to the south, leading up the 2008 financial crisis. This video explains the financial crisis in the US better than any that I’ve seen. All investors need to have an understanding of the past to better predict the future, so I would consider this mandatory education. link: https://www.youtube.com/watch?v=Q-zp5Mb7FV0
For March’s Mr. Hamilton Inner Circle Meeting, yours truly will be reviewing the past to make predictions on how to invest during housing market corrections. You don’t want to miss it!
Register here: http://mrhamilton.ca/innercircle/ FYI – due to over demand for our meetings, we have to cap the number of registrants, as we did last month. Register ASAP so you’re not left out in the cold!
Maybe there won’t be a correction, thanks to more restrictions on money leaving China, article: New Chinese money rules threaten tide of foreign buyers in Canada
“authorities in China are taking new steps to bar individuals from putting their cash into overseas markets to buy homes and other investments, a change with important implications for cities such as Vancouver and Toronto where Chinese buyers had contributed to frenzied property trading.”
“Under the new regime, the number of buyers will “drop sharply,” said Andy Xie, a China economist formerly with Morgan Stanley.”
“Now, banks have begun requiring paperwork that entails submitting for approval the reason a person wants to obtain foreign currency and when it will be used. A new rule then holds people liable for what they do with that money – and could bar them from exchanging money for up to three years if they are found to have used it improperly, such as for the purchase of a home.”
“But for the middle class, which has become an important force in property markets in places such as Canada, the United States and Australia, “it will have a big impact,” Mr. Xie said.”
Article: Tired of Toronto? Why not move to the St. Catharines-Niagara region. Link: http://news.nationalpost.com/homes/tired-of-toronto-why-not-move-to-the-st-catharines-niagara-region
Can you see why we’ve been investing and recommending St. Catharines, Grimsby and the Niagara region for some time?
It makes a lot of sense. QEW access, future Go Train stations, living near the lake for more affordable prices than even Hamilton. I’m sure glad I got my houses in St. Catharines years ago.
Thanks for reading, and happy Hamilton real estate investing!
Erwin Szeto | MrHamilton.ca
Sales Representative, Owner of Hamilton Real Estate Investment Property
Rock Star Real Estate Inc., Brokerage
President of the Basket Brigade Charity
Podcast Host/Producer of the Truth About Real Estate Investing for Canadians
REIN’s Top Player Award 2013, Silver Award.