Hello Everyone Investing in Hamilton Real Estate!
I hope you all had as wonderful a weekend as I did! Â This past weekend, the family and I attended the Real Estate Investment Network’s ACRE (Authentic Canadian Real Estate) weekend of training.
ACRE was my seventh time attending the event and also my six year anniversary of joining REIN and it never gets tired! Â Not when I have the opportunity to catch up with successful old friends on whereÂ their investment journey has taken them. Â The REIN faculty also never fails to deliver new nuggets, ideas and tips that I did not know.
This year was especially special for us as my whole family attended and Robin pretty much stole all the attention away from our booth 😛
Also, this is the first ACRE where my goals have changed from owning 50 properties to investing for Robin’s future. Â 18 years from now, she’ll leave home to go to university (I’ve already planned that’ll she’ll double major in Engineering and Business 🙂 where tuition, accommodation, and living expenses will be somewhere around $160,000 to $180,000 for four years of university. Â Knowing me, I have no plans on working more hours (I work enough hours) or more years (plan is to retire early) to pay for this so why not find a more passive means to cover that future expense and guess what, we purchased another house in Hamilton for Robin.
Our strategy is a very long-term one, we’ll hopefully hold onto the property and never sell but think of this, in 18 years when Robin goes to university, the tenants will have paid down the mortgage $106,000. Â That’s one hundred and six thousand dollars before appreciation and cash flow. Â Again, we don’t plan on selling as the cash flow alone will cover Robin’s costs for university but the point I’m trying to make is your assets can pay your expenses so you don’t have to work longer or harder (don’t you already workÂ enough hours??). Â Even if you don’t have kids, with $106,000, you can retire 1-2 years earlier. Â You can invest it for a 10% return or $10,600 per year. Â Now imagine you had two houses. Â FIVE houses. Â That all cash flow. Â It’s pretty easy to obtain. Â And all of this is WAAAAYYYY easier than being a new dad to a three month old :)))
So seriously, don’t wait, take action for a better future.
If you do want to take action we do have an excellent investment opportunity in the gentrifying downtown St. Catharines near Brock University’s soon to be opened downtown campus and future home to 500 full time students (Think some of them might need housing??). Â If interested, Â email Meaghan(at)mrhamilton.ca and she can send you details and financial analysis.
Till next time – Happy Hamilton Investing Everyone!
Erwin |Â MrHamilton.ca
PS:Â If you are just starting out investing, start by investing in yourself by getting training byÂ Clicking here for FREE Training on “How to Invest in Nice Homes in Nice Areas”
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