Hello Investors of Hamilton Real Estate!
I hope you’ve all been enjoying your summer! I know our family has 🙂 This is our first summer with Robin and we all appreciate being able to spend more time outside until the dreaded cold comes back.Â Vacation wise, we took two weeks off at a cottage in Wasaga Beach and for anyone with kids, you know how a vacation with the kids is not the same without – LOL. Cherry and I are used to kicking up our feet and doing a bunch of nothing but when you have a new baby to care for, it’s not quite as relaxing nor do you have that free time to reflect and brain storm.Â But whatever, we wouldn’t trade the world for our Robin.
Back to Hamilton Real Estate…
No surprise – Hamilton is still hot as per this article in the Spectator
Here’s a few great nuggets from the article:
- “After so much Hamilton hype, itâ€™s becoming increasingly difficult to find that special underrated property and score a sweet deal” said Tim Mattioli, president of our real estate board
- People say all of our market is from the Toronto people. There are a large number of (them), but also people coming to Hamilton from other regions, and from within the city.â€
- TD Economics declared Hamilton to be one of the countryâ€™sÂ hottest housing markets
- Hamilton [is] a â€œsellerâ€™s market,â€ it said the average sale price was 4.7 per cent higher than last June
How much better off would you be if you owned an average piece of real estate and it went up 4.7%?? Assuming a 20% down payment, that could translate into a 23.5% return on investment.
Sweet deals have been very hard to come by and when you do find them, you have to be extremely aggressive to win the deal.Â We’ll break down a recent deal for a property on Garth Street and the lessons learned at our next Mr. Hamilton’s Inner Circle Meeting (click to register)
There are indeed a good number of Toronto/GTA people participating in the Hamilton market.Â I know so because many of them are my investor clients and with our help, they are acquiring some very nice properties in nice areas, cash flow, and price increases as mentioned in the article.
Do you like a challenge?Â The reason I ask is because I listened to an audio interview of one of the best investment Realtors I know and he said he could tell who was a good investor by who enjoyed a challenge.Â At my place of work, Rock Star Real Estate, we regularly host events we call “Face your fears challenge” where the events range from paintball to skydiving and CN Tower Edge Walk.
Interesting no?Â For me, I have a serious, irrational fear of heights.Â You know the CN Tower glass floor?
That clear glass floor in one of the tallest buildings in the world?
A couple years ago I couldn’t set foot on it.Â Even though it’s strong enough to support 20 elephants, for some irrational reason I imagined the glass failing and me having a long fall to the ground below.Â Irrational fear agree?
Getting over the fear required some rational thinking.Â No one else has fallen through the floor, maybe I won’t die.Â Or, would a big company upgrade their flooring to glass and allow folks to fall through it?Â Imagine the lawsuits!!Â (I’m an investor, I’m always thinking about liability 🙂
Point is, are you allowing irrational fear of real estate investing stop you? I certainly did but I was 25 years old and had no money (yet I still regret all the properties we didn’t buy).Â What are your irrational fears?Â What if I don’t rent my property? What if it’s not the best time to buy? These are typical fears of novices whereas folks who welcome a challenge and professional real estate investors will tell you: “I have the best property management in town” and “Hamilton is expected to outperform the rest of Ontario and it’s a rising market.Â If I wait, my opportunity cost will be higher.”
So what are you afraid of? How do you respond to a challenge?Â Because I challenge you to do something to improve your future.Â If you would like to improve your financial status by investing in real estate then I look forward to meeting you a future Mr. Hamilton’s Investor Boot Camp (click here t, register)
For myself, I enjoy fun challenges as I know I have the skills and resources to figure things out.Â For my next challenge, I will complete a hardcore 12 mile, up hill, and 25 obstacles designed by the British Military.Â Why? I’m a little nuts which you all know and I firmly believe I can do anything I commit my mind and body to.Â Plus I know a bunch of people who have already done it so I know I can too.Â I’m not the brave 🙂
Here’s a sampling of what we’re in for.
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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