A true success story!!
Now that I've taken a few people through the entire process, I can safely say that there is no doubt in my mind... INVEST IN REAL ESTATE.... IT WORKS!!!
Case in point: A great friend of mine who works at my former employer IBM recently bought a 1 bedroom condo along the Yonge line. With my research and negotiation skills, we were able to secure a great condo with parking, locker, upgrades and a magnificent view. His carrying costs work out to roughly $1250 per month and his rental income is $1400.
Another example: Good friends of mine who I went to UofT with recently purchased a beautiful lakefront condo in Waterpark City. They get their keys in a week, but they don't get married for a year. Solution? They're leasing it to a professional from another area for a year. Their mortgage is payed down by their tenants and they get a little honeymoon spending money while their at it!
One More Example: A colleague of mine from the nightclub promotions business is investing in real estate. I was able to get him into a preview for a brand new Tridel development. He bought a few months ago and his property has already appreciated over $10,000!!!!
My point is that real estate is one of the surest investments out there. There is the opportunity given the current Toronto economical climate to supplement your income all the while building equity in a real asset that appreciates at a very good steady pace.
To learn more about investing in real estate, call me or email me!