Real Estate Blogs

682 results - showing 16 - 30  
« 1 2 3 4 5 ... »  
Ordering 
 
Details
Ratings
Stop Driving Around Your Retirement and Start Saving! - Aminas Mortgage Services
Amina MohamedAmina Mohamed   March 09, 2017   558   0   0   0   0   0
Nothing drives me crazier than when somebody says “I can’t afford the down-payment ” or “I can’t afford to save”, but they are driving around a car that leases for $750/month! This post was inspired by a new investor client that was thinking of getting into his first property. He had done the meetup’s, the courses, and tons of research on the areas he wanted to invest and was really prepared so I assumed he would have no problems financing his first purchase. He had decided that since he was young and had time before getting married and having a family, he would purchase a duplex. He would live in one unit and rent out the other. He had found the perfect property that needed some work but he was able to get it for a steal – in Hamilton no less! By understanding the new mortgage rules,...
 
0.0
 
0.0 (0)
Amina MohamedAmina Mohamed   February 24, 2017   534   0   0   0   0   0
We have all been keeping an eye on what has been happening with our neighbours to the south and wondering how the so called Trump effect will affect us in Canada. Many of my Canadian clients who have been investing in many US markets continue to pursue investing in the US as they don’t feel… Continue reading → The post How To Finance US Properties As A Canadian! appeared first on Aminas Mortgage Services.
 
0.0
 
0.0 (0)
Amina MohamedAmina Mohamed   February 09, 2017   490   0   0   0   0   0
Every year thousands of new immigrants arrive in Canada and more than half of those end up immigrating to Toronto. With property prices where they are, many people cannot afford to buy resale and therefore end up looking at the pre-construction opportunities, of which there are many in this growing city. My current clients are… Continue reading → The post Case Study: Do We Buy Resale or Pre-Construction? appeared first on Aminas Mortgage Services.
 
0.0
 
0.0 (0)
Case Study: Do We Buy Resale or Pre-Construction? Mortgage Services
Amina MohamedAmina Mohamed   February 09, 2017   589   0   0   0   0   0
Every year thousands of new immigrants arrive in Canada and more than half of those end up immigrating to Toronto. With property prices where they are, many people cannot afford to buy resale and therefore end up looking at the pre-construction opportunities, of which there are many in this growing city. My current clients are Canadians but were living in Kuwait for the last 17 years. There two oldest have since come back for University and their youngest will be going to high school next year. They arrived in Toronto 6 months ago and the wife recently found work but the husband is still looking for work in a highly competitive marketplace. We met up at a pre-construction condo event last week, which was being touted at Platinum prices (next stage beyond friends & family). They wanted to run the numbers to see which would be more affordable for them...
 
0.0
 
0.0 (0)
Amina MohamedAmina Mohamed   January 26, 2017   454   0   0   0   0   0
I think the TFSA is one of the best gifts that the Canadian Government ever gave to us. What is surprising is how many people don’t understand the benefits of this – especially if you are self-employed, such as I am! I started automatically contributing to my TFSA on a weekly basis about 2 years… Continue reading → The post How I turned my TFSA into gold – Literally! appeared first on Aminas Mortgage Services.
 
0.0
 
0.0 (0)
How I turned my TFSA into gold – Literally! Mortgage Services
Amina MohamedAmina Mohamed   January 26, 2017   921   0   0   0   0   0
I think the TFSA is one of the best gifts that the Canadian Government ever gave to us. What is surprising is how many people don’t understand the benefits of this – especially if you are self-employed, such as I am! I started automatically contributing to my TFSA on a weekly basis about 2 years ago and have built up a considerable savings, within the contribution rules of course. See here[1] for more information on how much you can contribute each year! The problem I was having was how to maximize my returns or interest earned. It’s no secret that the interest offered by institutions is ridiculously low. We bank our hard-earned money with these institutions, which they then borrow from and lend back out at a higher interest rate! I will save this rant for a future post. So initially I had my TFSA with Tangerine as...
 
0.0
 
0.0 (0)
How A Pre-Approval From the Bank Went Array! Mortgage Services
Amina MohamedAmina Mohamed   January 15, 2017   897   0   0   0   0   0
Recently, I was contacted by a new client that was separating from her husband. Prior to filing for separation they decided to amicably split and split the proceeds from the sale of their existing home. They agreed that since they had no children and he had supported her through her schooling, he would not pay her alimony. The amicable split helped them protect their credit score as the credit score will usually take a hit, when you divorce or separate. Divorce or separation can have a major impact on both your personal and financial lives. Where you might have previously had joint accounts for major expenses like your mortgage or loan payments, now you will have your sole accounts. Furthermore where you had two incomes you now have one income. Divorce or separation is not necessarily a death sentence on your credit score, but where it can be impactful is...
 
0.0
 
0.0 (0)
New Years Resolutions For Investors Services
Amina MohamedAmina Mohamed   December 31, 2016   782   0   0   0   0   0
January is a time of year that new resolutions get made and also broken! For instance usually try to start some kind of diet or exercise program, only to give up by February. For those that are looking at their debts – especially after Christmas with higher spending than usual, they may endeavour to start a budget or stick to a budget or even get some help with credit counselling. For investors, this may be a great time to reflect on the past year’s successes or misses. For instance at the start of the previous year, you may have set a goal to buy 1-4 properties during the year or you may have wished to start lending your money instead of becoming a landlord or you may have started off great only to be brought to a full stop due to the inability to qualify for a mortgage or lack of a down...
 
0.0
 
0.0 (0)
3 New Changes To The Land Transfer Tax in 2017! Mortgage Services
Amina MohamedAmina Mohamed   December 21, 2016   906   0   0   0   0   0
The Government keeps changing up rules and on January 1, 2017 those of you in Ontario, will see 3 new rule changes – some good and some bad! Change # 1 – There will be an increase in the First Time Home Buyer rebate from $2,000 – $4,000, effective January 1, 2017. This is great as it offsets the reduction in buying power, we saw with the latest mortgage rules. However, the deal must close AFTER January 1, 2017. If your deal is set to close this month, ask your lender to delay the closing so you can take advantage of this new rule. Change # 2 – There is a clear distinction as to who qualifies and who does not qualify for the rebate. If you owned a home previously you don’t qualify – even if that home is...
 
0.0
 
0.0 (0)
New Mortgage Rules Equals New Terminology! Services
Amina MohamedAmina Mohamed   December 07, 2016   801   0   0   0   0   0
It’s no news that the new mortgage rules have thrown everyone into a tizzy! Not only, are there new rules, but now there is new terminology and a new way of thinking we need to adopt, so I thought it would be a great primer to spell it out in this blog post. Before November 30, 2016 we would assess a Purchase in terms of Conventional or High Ratio. Now we need to look at a Purchase in terms of Insurable or Un-Insurable. Note all refinances are considered Un-Insurable. So how does this affect you? If your deal is Insured, meaning it is insured by CMHC or Genworth, then the following parameters apply: The Purchase price of the property must be less than $1 Million Mortgage must be a Purchase or Transfer The Minimum Beacon score must be 600 ...
 
0.0
 
0.0 (0)
Investment Property Shopping Is Not The Same As Home Shopping!
Amina MohamedAmina Mohamed   December 07, 2016   772   0   0   0   0   0
There is a clear distinction between shopping for a property as an investor and as a homeowner. As an investment property, you may be looking at properties that need lots of work or may have smells that you would avoid as a potential homebuyer. Recently, an investor I met, said “the smell of poo is the smell of money”. While that is gross, it is also true! As an investor, the worst shape the property is in, the better the deal you will get. Remember the money is in the buy! On the other hand as a homebuyer, in most cases you are looking for a turn-key property and one that you can call home for years to come. I wish I had kept this in mind, when I was shopping for my first rental property. I was looking for a property that was turn-key and thus paid...
 
0.0
 
0.0 (0)
Investors That Start and End With Their WHY Will Always Succeed!
Amina MohamedAmina Mohamed   November 24, 2016   875   0   0   0   0   0
When I started investing in real estate, I remember my coach saying to me “always start and end with your WHY. I didn’t know what my Why was when I started or why it even mattered, but as I gained more experience and started making passive income, I stopped to reflect on what my Why was and why it actually mattered. Everyone has a different reason for getting into Real estate investing; for some they hate their job and want to pursue real estate investing to be able to quit their job; for others they love their job but just need a bit more month before the money runs out; and others just love real estate as a passion. However, no matter what the reason, they all start and end with their WHY! My WHY is to build a retirement fund so I don’t have to work passed the age...
 
0.0
 
0.0 (0)
How Home Staging Made The Difference For This Investor! - Aminas Mortgage Services
Amina MohamedAmina Mohamed   November 15, 2016   860   0   0   0   0   1
As a mortgage broker, I am lucky to work with investors and help them start and/or build their portfolio’s. One of my investors’ recently shared his experience of selling one of his properties and how Home Staging made a difference for him in standing out amongst the competition! As a past home stager, I was reminded how sometimes we overlook important aspects of a property or have our eyes on the wrong things, when looking at all the options in the marketplace. For instance, it’s common knowledge that bathrooms and kitchens are the most important areas that homeowners look at in a property and will also help to sell a property at a higher price point if they are clean, freshly painted and have modern touches. However, if you are an investor and you plan to rent out the property, does that mean you should buy a home...
 
0.0
 
0.0 (0)
How a Reverse Mortgage Can Help Homeowners Avoid Foreclosure
Cathy ShenCathy Shen   November 08, 2016   5186   0   3   0   0   0
One of the most overlooked methods that homeowners may have available to save their homes from foreclosure is obtaining a specific type of loan called a reverse mortgage. Because of its limited applicability, it is not frequently discussed as an option, but it may provide certain foreclosure victims with one more valuable solution. A reverse mortgage is usually used by homeowners over the age of 62 who are trying to supplement their monthly income. Instead of paying a mortgage every month, the reverse mortgage will pay the homeowners. The payments can be taken in a number of ways; for example, the homeowners may receive one lump sum from the mortgage company, get a certain amount every month, or be given a line of credit to be used whenever it is needed. Even if there is already a mortgage on the property, a reverse mortgage can be used. The main consideration will be how...
 
0.0
 
0.0 (0)
Alternative Ways To Invest in Real Estate Services
Amina MohamedAmina Mohamed   November 03, 2016   727   0   0   0   0   0
Many real estate investors start out with a dream of owning many properties but ultimately, many things can sway the dream or the well-thought out plans, such as low inventory, high prices, low cash flow and the inability to qualify. So you have money but can’t get the returns you want, or you cannot find a property within your budget, so how can you make that money work for you?  There are many different options available. Syndicated Mortgage Investments, which are large-scale, blue chip real estate investment opportunities. Using this vehicle, investors lend money to Canada’s most experienced, successful real estate developers to support their urban housing, and commercial real estate development projects. Lately Syndicated mortgages are taking a beating in the press but not all projects or developers or even syndicate companies should be painted with the same brush. They are still a great investment option! Our...
 
0.0
 
0.0 (0)
682 results - showing 16 - 30  
« 1 2 3 4 5 ... »  
Results per page:  
Category: Blogs
Every homeowner must pay for routine home maintenance, such...
 
0.0
 
0.0 (0)
Category: Blogs
Key Notes: •The cost method calculates ROI...
 
0.0
 
0.0 (0)
Category: Blogs
Average MLS sale price seen rising despite lower demand,...
 
0.0
 
0.0 (0)
Canadian housing overvalued by 20%
Category: Blogs
Here's something that may give property investors pause:...
 
0.0
 
0.0 (0)
Mentor Wanted
Category: Blogs
I want to cover the topic of how to...
 
0.0
 
0.0 (0)
Category: Blogs
CTV.ca News Staff The federal government is...
 
0.0
 
0.0 (0)
Category: Blogs
It was described as a Jekyll and...
 
0.0
 
0.0 (0)
Why Canadians Are Buying Arizona Real Estate
Category: Blogs
Why Canadians Are Buying Arizona...
 
0.0
 
0.0 (0)
Category: Blogs
In this video, I talk about the pros and cons...
 
0.0
 
0.0 (0)
The Shift From a Seller’s To a Buyer’s Market Is Especially Helpful To Non-resident Buyers!
Category: Blogs
As the summer approaches, I start to...
 
0.0
 
0.0 (0)