Category Archives: Blog

Robert G. Allen Comes To Toronto!

I created this video to promote the Robert G. Allen live seminar in Toronto with some of my partners…

Now the thing about Robert G. Allen is… He just doesn’t do personal live seminars anymore!

Let me know what you think!

 

3 Ways To Invest In Real Estate With No Money Down

I’m going to share something with you. Number one: you always need money to invest in real estate. It does not have to be your money. That’s what they are talking about generally. You need money but it doesn’t have to be yours.

For instance, let’s say that you are buying a property that is worth $200,000 (this is just an example; I know that it is very hard to buy properties in the GTA for $200,000 but there are still places where you can buy properties $200,000 or less, like Kitchener-Waterloo). In Canada, as an investor you need to put down a minimum of twenty percent. So you need forty thousand dollars as a down payment. Then the bank will lend you the balance, $160,000 in this case. What would happen is you would get the $40,000 from either private lenders, a hard money lender, a line of credit or something like that. Now that you are borrowing your down payment and you are getting money for the mortgage from the bank none of your money has been used so that becomes a no-money-down deal. That’s one way for you to utilize all those resources. You can find these people. There’s private lenders, hard money lenders and joint-venture partners in, a private investment clubs and real estate investment clubs. These clubs often advertise. In fact they advertise on the internet and in the newspapers as well.

Another way to make money is what they call vendor take back. Vendor take back is very simple. If there is a property out there that is fully paid for and the present owner is not happy with having renters or having a rental property, they may lend you one hundred percent of the mortgage. They just want to get positive cash flow every month from you while you look after the property, you look after the upkeep, you look after the renter.

Lastly, the assignments. What an assignment is is simply this: if you don’t have lots of money and you don’t have good credit what you do is you put a property under contract and have an assignment clause. What an assignment clause means is that you can take that contract and you can assign or transfer that contract to another person for a fee or for a higher price. As an example, if you buy a property for $200,000 and the estimated value is $240,000 because you got a good deal, you would then go to somebody like myself and say, “Sunil I have a property that is worth $240,000. I bought it for $200,000 and I can give it to you for $210,000.”

I might say “OK I’ll buy it from you.” This way you didn’t need any money. You didn’t even get a mortgage and there were no closing costs for you.

These are some of the ways that you can actually invest in the Toronto area or in Canada without using your money. I look forward to seeing you soon.

Wealth Making Techniques

With all the gloom and doom we hear on television, you might think that investing in real estate is not such a great bargain right now. Actually, the reverse is true. The market will correct itself as it always does. Real estate is the first to suffer when things go away, but is the first to make a comeback, and in a huge way.

Investment companies research economic and population projections to identify metropolitan areas with favorable growth outlooks, then we drill down to the community and neighborhood levels to forecast likely directions of growth and new construction.

We saw it as a vehicle which would allow investors to come on-board and leverage the expertise and advice from experts to their benefit. Investing is never risk-free of course. There are always difficulties involved because the real estate market, like every other market you can invest in, is subject to volatility from external factors no one can control.

Distressed real estate presents… a unique and temporary opportunity that has resulted from the tidal wave of residential (and expected commercial) foreclosures. The dramatic downturn of the housing market and simultaneous collapse of credit markets have created a demand for mechanisms that help return the massive inventory of foreclosed properties from the possession of the banks back to the market. Far from being a “vulture” in this space, investing joint ventures allow investors to participate in a systematic, proprietary methodology that allows nationwide assets to be sold back into the marketplace.

Obviously, one of the most important factors in determining whether a property is a good investment or not, is to consider the price of the property. If after you’ve made the initial down payment and your mortgage payment is over and above what you can rent the property out for, you will find that to be a poor investment. One of the most important factors is determining whether or not the property will bring in a positive monthly cash flow for you.

In every town, city, or country you go to, there is real estate. In the city you’ll have more contact opportunities, meaning more chances for listings and sales. The city also has it cons.

Whether you plan to flip houses or rent them out, real estate can be a very profitable business for yourself. While determining whether or not a property will make a good investment or not can be difficult, the important thing to remember is to always do your research.

The competition is a rife and spreading your name, let alone your company in such a large area, can be a big challenge. This market is more cut-throat and possibly requires a sales person with comprehensive client canvassing strategies and is, by nature, is determined and competitive.

Real estate and land development will continue to expand in certain markets even as the overall global market recovers to more normal growth rates. While the population shifts, immigration and natural increases are fueling demand for residential, commercial and industrial construction.

True wealth is not calculated in terms of money but in time. Rich is the one who has time for himself, for his children, for the people he loves, and the activities he enjoys. Freedom enables you to live the life you’ve always wanted, spend more time with the people you care most about, and build a secure future for your family.

SMART Goal Setting

He who fails to plan, plans to fail. (Ancient proverb)

A young guy questioned Socrates the secret to success. Socrates asked the young man to meet him close to the water the following morning. They met. Socrates requested the young man just to walk along with him to the water. Once the water got up to their shoulder, Socrates took the young man by surprise and pushed him down to the water. the young man struggled to leave, but Socrates was too strong and kept him there before the young man started turning blue.

Socrates drawn his head out from the river and also the very first thing the young guy did was to gasp as well as take a deep breath of air. Socrates said:”What did you want the most while you were there?” The young man replied:”Air.” Socrates stated: “That may be the key to success. When you want success as badly as you desired the oxygen, then you’ll have it. There isn’t any other key.”

The significant accomplishments in your life can be fully realized through goal setting. Whether it is a longing for achievement in your profession, within your home and family life, or even in your financial circumstances, goals are the vehicle that bring your ambitions to reality. Learning the techniques for establishing goals will help you to identify your priorities.

Nearly all motivational speakers are advocates for the importance of goal setting. Tony Robbins has said: “Setting goals is the first step in turning the invisible into the visible.” To bring goals out of your thoughts and into the realm of being clearly visible many experts in the field of motivation use the S.M.A.R.T. acronym for goal setting.

S – specific – details, a definite must for achievable goals
M – measurable – assessment of your progress
A – attainable – within the reach of your current situation
R – relevant – a reflection of your aspirations and purpose
T – time-bound – milestones to mark your progress

Specific – Be particular about the details of your goals. As you journey through life a detailed map can bring you to your destination. Knowing as much as possible about your objectives can ensure a greater chance of success in reaching them.

Measurable – Smaller steps toward your ultimate goals. To measure progress towards your goals is very necessary as is documenting this progress. “When performance is measured, performance improves. When performance is measured and reported, the rate of improvement accelerates.” (Thomas S. Monson). Recording the journey towards your goals helps you to know how close they are to being achieved.

Attainable – “Dream small dreams. If you make them too big, you get overwhelmed and you don’t do anything. If you make small goals and accomplish them, it gives you the confidence to go on to higher goals.” (John H. Johnson) Your goals should be attainable to your life’s situation as it is right now. Don’t let this be a deterent to setting higher goals, for your capacity will increase, your knowledge will grow, and your expertise will improve.

Relevant – Who are you, really? What is your purpose in life? Your goals reflect the underlying purpose of your life. Goals are the means by which you will achieve your purpose. It is best to be sure that your goals are relevant to who you are and what you want your efforts to be focused on.

Time-Bound – Beginning a project or steps towards a goal without a deadline can be detrimental to the end of that goal. Having a clear conclusion enables you to say “Yes! That goal has been achieved.”

Making use of the S.M.A.R.T. goal setting method will help you to realize your life’s purpose and goals. Then, as Socrates had advised, you will be able to succeed. This is the only secret.

real_estate_wealth

Real Estate: Creating Wealth in Abundance

Like anything, there is a process to follow in order to be successful and to make BIG BUCKS in real estate investing. The system I’m about to show you is my proven system that has worked over and over for me and for the many other people I’ve helped.

My desire to invest and be financially free led me to Tulsiani Investments. I was lucky to have Sunil’s knowledge and guidance at every step, which gave me confidence to overcome my FEAR for Real Estate Investing. Finally I made the decision to invest in my first property in Kitchener, which is below market value, positive cash flow, AAA location in downtown Kitchener, No property management, ROI of 30%. -Manmit Singh

Acquire Motivated/Distressed Property Vendors – There is a fantastic amount to know about this area. Please realize that it is the initial stage towards an abundance of wealth for you. All efficient buys are due to one person assessing the needs of another person. When you discover a motivated or troubled homeowner, you’ve found someone with a particular need that you can fill.

Find Good Deals – This goes hand-in-hand with finding motivated sellers. Just because the person is motivated does not mean it is a good deal. You need to analyze the property to ensure it is a money making venture for you. Make sure you know what you want to do with the property (we call it “an exit strategy”) and have a plan to move forward.

Sign a Contract with a Property Owner – Now here’s one of the most essential components of this process, and this is the phase that divides the truly effective individuals from the ones who are just “wannabes”: If you have a good deal within your grasp, don’t stop to think about it, get a contract signed with the property owner.

Consider this: if you want to be like everyone else, take your time and keep your distance. The drawback to this plan can mean losses of $20,000 – $50,000 or more for you. An outstanding property or deal is like a $100 bill resting on a well travelled sidewalk. Be the first to pick it up, before someone else decides to do the same.

This is very important and when I first drive this point to people who I mentor, they are taken aback or fear starts to creep into their mind. But, I want to make this point very clear: Unsuccessful people have to think, talk to their advisors, spouse, and friends, (you get the idea).

Those who have no real intention of being wealthy find other factors that make them hesitate. They end up not investing. Successful individuals, however, know to act instantly. When they find real estate that can possibly create wealth for them of 30 to hundred thousand dollars or more, they make an offer immediately with the proper paperwork and agreements in place.

“Think about it: If you have an offer in on a property with the following conditions:

  • Conditional upon legal approval
  • Conditional upon getting appropriate financing
  • Conditional upon evaluation of the property
  • Conditional upon your due diligence

(Note: Please receive proper legal advisement on all terminology used in your contracts)… then you have generally driven that property off the real estate market, no one else can have it. You have afforded yourself the time to assess everything properly, research the numbers and costs, get rental comparables for that area, etc. If the information does not look promising, you simply get out of the deal… period. The most important point here is to seek out and take advantage of money making opportunities or someone else will.”

Start Making BIG BUCKS – This is usually done in one of two ways. One way is to flip the property by buying it at a highly discounted price from a motivated seller and then selling it for a profit to a motivated buyer. This can be an attractive money-making solution in some situations; however, the best way that you can make BIG BUCKS and start earning real wealth for the long term is to buy properties that generate ongoing cash flow. In other words: Rental properties.

When a real estate deal is exceptional, sell it or rent it. Do it again – Do these same methods over and over and over again. The first real estate deal can be the most challenging. Gradually it get easier and you have abundant wealth.

Speedometer - Reaching Your Goal

Achieving Your Goals

All successfully accomplished goals begin with a thought. To bring your goals into reality you will need to practice the skill of success. As you practice these traits of success the traits themselves will move from thought to action and then from action to habit. As you practice these traits they will become an integral part of who you are and you will be able to employ them in pursuing all your goals, future as well as present. This a few of the skills that I use in my life. They will provide success when they are practiced regularly.

“How you think can be more important that what you think. Always be positive. Think about attaining your goals, not falling short of them. Become aware of how your environment affects you.
If there is one phrase that should be stricken from your vocabulary it is “I can’t.” As soon as you say “I can’t,” then you won’t.
I am not saying that you won’t feel discouraged from time to time, but it is best to get rid of a bad attitude as soon as you are aware of its presence.”

Write a list of affirmations which reflect the aims of your goals. For example: “I am financially free.”, “I am wealthy.” Say these affirmations to yourself at least twice daily. Repeating them will reinforce them in your mind and will eventually be reflected in your actions.

“Keep learning! Go back to school, read, get some formal training and acquire new skills.
Isn’t it interesting that once you are out of school you can more readily appreciate the joy of learning something new. What have you learned today? ”

Keep the positive thoughts at the fore front of your mind. This is an important tool in goal achievement. We all know the saying “Be careful what you wish for… you might just receive it.” It is this way with our thoughts. When we dwell on positive things we will be more likely to see opportunities to make those positive things become reality.

“Pay attention to the details. This does not mean micro-managing. You can be aware of the small facts and daily minutia without letting them overwhelm you.
It is better to learn from these details and respond by making adjustments than to ignore them until they become a crisis.”

Read at least one more book on your goals within the next three months. Also read at least one book by “personal coaches” such as Tony Robbins, Wayne Dyer, Robert Kiyasaki, Robin Sharma, and Napoleon Hill.

Ask yourself “What would I do if I knew I would succeed?” What new things would you institute that would set you apart from everyone else? If you have an innovative idea follow it!

Laugh for five minutes in the mirror each morning. Steve Martin does. Laughter activates many beneficial chemicals within the body that place us into a very joyous state. Laughter also returns the body to a state of balance. Laughter therapy has been regularly used to heal persons with varied ailments and is a wonderful tonic for life’s ills. While the average 4 year old laughs 500 times a day, the average adult is lucky to laugh 15 times a day. Revitalize the habit of laughter, it will put far more living into your life.

Associate only with positive, focused people who you can learn from and who will not drain your valuable energy with complaining and uninspiring attitudes. By developing relationships with those committed to constant improvement and the pursuit of the best that life has to offer, you will have plenty of company on your path to the top of whatever mountain you seek to climb.

“The greatest secret to success is that there is no secret. Everything we do involves simple, yet powerful strategies. Today, I continue to be generate a lucrative income in my chosen field of real estate investment. I would encourage you to also take action towards your goals. I wish you all the success!

finding-mentor

Finding Mentor

“Every day there are choices to be made. Making a choice is like picking up a stick. When you pick up one end of a stick the other end of the stick logically comes along with it. When a choice is made a consequence always comes with it. As I write this I feel as if I am a parent warning my children of an impending punishment for bad behavior. Yet this is has nothing to do with punishments. It is just a fact. That is all.

In life, some people decline picking up a particular “stick” because they cannot see clearly what the other end of the stick looks like. They procrastinate making a choice because they cannot clearly see the consequences. They have fear. Fear is an emotion many of us experience every time it comes to making a change in our lives. We experience it when changing jobs, or quitting a job. We experience it when we face change. We experience it when it comes to investing. And every time, each time, fear is the result of the same thing: the unknown.”

What if you had someone with you who had gone through the changes that you are about to experience? Someone who had already picked up the stick that you are considering picking up, and who knows what the other end is like and is willing to guide you? Would this be a benefit to you? Most definitely! The unknown factors would be greatly diminished.

It seems like this would be common sense, and let’s remember that this is the most effective way for you to achieve what you want. I have trained many people. No one has ever disputed this principle. It is a design that leads to success and most people who lack achievement in life understand this principle yet refuse to follow it. Most successful people follow this proven way. They gain success by being mentored.
It may be a challenge to find such an individual, a great mentor. Yet if you are strategic about this choice it will make all the difference in the world.

To begin this task you must know yourself first. You will have to assess your own needs and purposes and match them to your mentor’s abilities. Honesty is key here and feedback from a trusted friend can be invaluable as you search out your underlying purposes. Clearly defined expectations will also help you to avoid disappointments in the future.

Considering your choice of mentor in a strategic manner will allow you to be able to look at the big picture and recognize patterns in a perspective mentor’s priorities. Finding a mentor who is successful, not just in their business ventures, but in other areas of their life is important. Do they have the kind of lifestyle you would like? Are their finances in order? How much time do they dedicate toward their passions? Do they even have time for their passions?

Do they do what they are advising you to do? Over 95% of mentors in the real estate business are “teachers” but are not successful themselves. They make their money from fees and not necessarily from investing into real estate. Some of them are sitting in a cubicle making $20 dollars per hour but claim they can make you a millionaire.

Consider this: great mentors will encourage you, help you prioritize, teach you, push you to be your best. They may introduce you to their closest associates. Great mentors will have the ability to connect you with key people. Once these things take place, rest assured, your growth and success will happen.