Hello Everyone with Real Estate Investments in Hamilton, Ontario!!
This past Saturday, I competed for the first time in Brazilian Jiu Jitsu (BJJ) after about six months of training, four months of dieting, eating clean and restricting calories. In my final match, I knew I was over matched as my opponent had years more experience than I. He’s a blue belt and has competed several times already. My game plan was no different: be aggressive, impose my will, and attack. Within the first ten seconds I had a hold of his leg, but left my neck exposed, which he grabbed in a standing guillotine like a front head lock. I let the leg go and went to defend myself by reaching my arm over his shoulder to take away his leverage, but the guillotine was perfect and the fight was over. I was on my back dreaming for a few seconds, until I woke up with my BJJ professor, Marcio, inverted and in my face asking if I was alright, LOL.
I was fine, but confused about why Marcio was in my face. I’m staring up at the ceiling and Marcio pulled me back up to my feet. My opponent apologized to me several times, he was a graceful winner, I told him I was fine and not to worry about it. Did I mention this was the final match so everyone was watching?? LOL!!
I’ll take a week off from training for some bumps and bruises to heal then be back at it even harder next
week. Needless to say, I have much to work on!! I may have lost, but I only fail if I do not learn from the experience. “Never give up!” as my professor always says and I’m already making plans for my next tournament in the fall. No more restricting calories though, I’ll be looking to add seven or eight pounds of muscle as the weight classes are totally different.
On the positive, I did win my first two matches to arrive in the final match to finish 2nd in my weight division. Proof that hard work and dedication pays off.
Market Update: More Inventory, Actually it was a May Record
For those who attended our Inner Circle Meeting in May, you had an information advantage since we shared listings and sales data from before and after the Provincial budget announcement in April, and there were 40% more listings after the provincial budget. In my opinion, sellers are looking to capture the gains in their homes thinking we may have peaked and the foreign buyer tax and new budget is the catalyst for home owners to take action.
Days on market, however, is 13 days – so don’t get complacent. This is still a complete sellers’ market. There are more listings and the weather has been great (buyers and renters appear to have other priorities when the weather is nice), but this has been the best buying opportunity I’ve seen in the last three years.
“the RAHB Multiple Listing Service® (MLS®) System in May, which is 41.1 per cent higher than the same month last year and 34.8 per cent higher than the 10-year average.”
Personally, we were pre-approved to purchase another investment property without a financing condition on Friday June, 2nd. I blocked off time to view properties on Friday June 9th, to my surprise there were SIX houses worth looking at!! My last three client appointments, we viewed ONE property each time. The best of the six properties fit my investment criteria. I called Andy Tran a couple times to confirm the house would work for a LEGAL basement suite, we wrote the offer, after some back and forth, we have the house tied up with two conditions for five business days each, and under asking price as we were the only offer!!!
Again, proof that hard work and dedication pays off.
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
Real Estate / Mortgage Agent of the Year 2016
Hamilton’s Top 40 Under 40
Real Estate Agent of the Year 2015
Leadership Award (Michael Millenaar Memorial) 2013
REIN’s Top Player Award 2013, Silver Award.