On Monday, I had this email waiting for me in my inbox from John, a regular client of mine. John has been buying a Hamilton investment property each year since I met him in 2011 and here’s what he wrote:
I wanted to say “THANKS” to all of you as I’ve hit a special milestone this month: Since April, 2011, I’ve collected $200,000 in rent across my portfolio of properties.
I couldn’t have done it without you! Here’s looking to hitting half a million over the next few years!
You’re the best!
Does buying one investment property each your sounds difficult to you? It’s not! If you have a kid or kids then it’s definitely not because:
- Kids take way more effort and they cry.
- You can always sell the investment property and walk away.
- If anything, having kids should motivate you, it certainly has for me.
Back to John’s situation, he lives in Toronto, all his properties are in Hamilton and Welland, are professionally managed so other than an annual inspection (one day’s effort) and some book keeping, he’s hands off. Does that sound so hard? Worth the effort to make $200,000 in revenues on the side while tenants pay down his mortgage? As for his property values…
Hamilton real estate sales smash records for a third month
‘Sellers’ market’ see prices jump, inventory drop
I took a look at John’s portfolio and estimated his current market values and I believe his portfolio value has increased by $200,000. Not bad for someone who’s only been investing for four years at a rate of one property per year no?
Four years from now, this could be you! Depending on the decisions you make today, it WILL be. If you’d like to get started, fill out our contact form here.
What’s next for John? Well he’s getting married to the lovely Freda (I’m hoping I’m invited to their big fat Greek wedding so I can smash dinner plates), he’s looking for a home for himself in South Burlington, and hired me to be his Realtor. Yes, James and I do principle residences as well. Your home is an investment. Your only tax free one due to the capital gains exemption so appreciation and resale value should be a key decision factor and we know investments 🙂
Thank you for reading and Happy Hamilton Real Estate Investing Everyone!
Erwin | MrHamilton.ca
PS: If you are just starting out investing, start by spending more time with like minded people and take guided tour of Hamilton by joining us for the next Mr. Hamilton Inner Circle by clicking here!!!