Money Machine - Delegate

By: Carol Devine

Money Machine - Delegate

Tags: real estate, real estate market update, niagara real estate, carol devine

If there were one and only one principal and practice that I could instill into the hearts and minds of real estate investors, it would be this. Learn to delegate. In fact, in my Money Machine Seminars I tell attendees “if you are a plumber for example and have rental properties when you get a call from a tenant complaining about a tap dripping call a plumber, don’t be the plumber.&rdq...Read More

Mortgage News - Understanding Insurance

By: Carol Devine

Mortgage News - Understanding Insurance

Tags: real estate, real estate market update, niagara real estate, carol devine

Not all insurance products are created equal. One of the most common mistakes homeowners and potential homeowners make is that they hear the word “insurance” and just assume they have it! Well, you might have one kind of insurance, but you might be missing coverage elsewhere.   It is important to understand all the different insurance products to ensure you have proper coverage. &...Read More

Legal Update - Joint Ownership as Estate Planning

By: Carol Devine

Legal Update - Joint Ownership as Estate Planning

Tags: real estate, real estate market update, niagara real estate, carol devine

When considering estate planning, many believe that it will be advantageous to hold assets jointly with their children. This would usually mean either adding children on title to their home, and sometimes also opening joint bank accounts with them. This method has some advantages, and several disadvantages, which will be discussed in this article.   When a property is owned jointly, it create...Read More

Market Overview - The Ambiguity of Statistics

By: Carol Devine

Market Overview - The Ambiguity of Statistics

Tags: real estate, real estate market update, niagara real estate, carol devine

In life, I’m a lot of things. I’m a real estate salesman. I’m a Broker of Record. I’m a teacher. I’m an investor and an investment coach. But by formal training, I’m a mathematician. I have an honours degree in Mathematics from the University of Waterloo majoring in Combinatorics and Optimization. Statistical analysis. I sort of know my way around numbers and th...Read More

Money Machine - Paying Down the Principal

By: Carol Devine

Money Machine - Paying Down the Principal

Tags: real estate, real estate market update, niagara real estate, carol devine

In our last article on the Money Machine appearing in April’s Market Trends Newsletter, we began a series of Best Practices designed to help you manage your real estate investment portfolio successfully. The goal as always is to reach the finish line with a number of investment properties (at least 10) fully paid for, and provide you with an abundant cash flow into retirement.   In the ...Read More

Mortgage News - Improving Your Financial Direction

By: Carol Devine

Mortgage News - Improving Your Financial Direction

Tags: real estate, real estate market update, niagara real estate, carol devine

Make 2022 the year of finance by improving your financial direction from the start! Even if you are living paycheck-to-paycheck, a few changes to the way you spend and look at money can make all the difference. It’s never too late to start again and reverse course! Here are a few simple ideas to get you started: Create a Budget: In order to stop living paycheck-to-paycheck, you need to kn...Read More

Legal Update - Protect Your Pets After Your Passing

By: Carol Devine

Legal Update - Protect Your Pets After Your Passing

Tags: real estate, real estate market update, niagara real estate, carol devine

Most pet owners think of pets as part of their family and want to ensure that after they pass, these pets are taken care of. There are several factors that must be considered in estate planning to ensure the best for your pets and their caregivers. This article will give a brief overview of some considerations one should turn their mind to while drafting their Will.   To begin, it is importan...Read More

May 2022 - Market Overview - Prices Hold Steady While Activity Declines

By: Carol Devine

May 2022 - Market Overview - Prices Hold Steady While Activity Declines

Tags: real estate, real estate market update, niagara real estate, carol devine

We talked last month about the fact that the market was changing. There were fewer buyers actively looking. Multiple offers were down. In some cases where sellers were delaying presentation for a few days in hopes of generating a ‘bidding war’, where once they might see 12-15 competing offers, now there might be 2 or 3 and in some cases none at all. Well, that trend is continuing throu...Read More

By: Carol Devine

KEEP IN GOOD REPAIR

Tags: homes, niagara real estate, re/max garden city

KEEP IN GOOD REPAIR   We’ve all heard the expression ‘Slum Landlord’. But what exactly do we mean by that expression? Generally, it’s referring to someone who is renting out very bottom-end, poorly maintained dwellings. Pictures come to mind of broken screens, peeling paint, cracked linoleum. Cupboard doors hanging off their hinges. Broken down appliances. Well, you...Read More

By: Carol Devine

MORTGAGES FOR THE SELF-EMPLOYED

Tags: homes, niagara real estate, re/max garden city

MORTGAGES FOR THE SELF-EMPLOYED   Did you know? Approximately 15%+ of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage.   For self-employed individuals with an established business seeki...Read More