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How to get rich with real estate

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Canadian Realestate Magazine | 13 Jan 2015, 08:21 AM Agree 0
Critics will argue that $1 million isn’t the same value as it used to be, but it still has a very nice ring to it. You can be a millionaire. Visions of Scrooge McDuck and the guy with the top hat in the Monopoly game come to mind.
  • Sarah | 17 Jan 2015, 06:08 PM Agree 0
    Great article and in the past has proven to be a sure thing. A possible small housing correction looming with the oil prices dropping may happen in FY15 but should not have much effect in the long term. My goal is to buy 1 property each year for 10 years. I am closing next week on #2. I hope to be there in 10 years or less.
  • Robert Harrington | 19 Jan 2015, 05:01 PM Agree 0
    Just a note for all you investors to improve your cash on cash position by looking hard at any real estate commissions, especially if you are buying without a buyers agent.
    First you are better off doing your own research and second if you are forced into buying a Realtor(tm) listed property make sure to delete the BUY SIDE or cooperating brokerage commission from your purchase.
    No the selling price will stay the same, the seller will still get the seller's bottom line price, the listing agent will get his/her listing commission, however that average ten thousand dollar "Sub Agent" or Cooperating Broker commission you can have adjusted out of your price, just as if your home inspector found several thousand dollars worth of repairs to do and the price you are paying for the property was adjusted down to allow for these repairs.
    In exactly the same manner you can adjust the commission ...and YES...don't believe the commission can't be changed...it's real estate.

    You can force disclosure of all commissions even if the selling agent is not your agent as every contract asks if you are satisfied with the published listing.
    Just say NO and demand to see all the published listings including the published listing that discloses the BUY SIDE commission and then just refuse to pay it.
    After all you are acting as your own buyer's agent and YOU are the only one with cash in the deal. Why throw away ten grand if you are truly a smart investor?
  • | 21 Jan 2015, 04:56 AM Agree 0
    First find the best real estate agents and then find which property has highest outcome value. You can also buy various bonds of share market.But buying bonds of share markets is very risky nowdays. So buying land and houses are good way to invest your money. Countries like the USA, England and many other european countries are favoured nation for investment.
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  • Barclay Bolton | 13 Sep 2016, 02:51 AM Agree 0
    Hi

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  • | 21 Jan 2017, 09:10 AM Agree 0
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