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Todays Testimonial

“Hello Darren & Fast Track Team I wanted to personally give my testimony about the Super Business Conference. There were a few things that I can say that I took away from the Super Business Conference. One of the things that I liked was to see was Mr. Bill Bartmann. Over the last few years I have met 6 Billionaires and he was one of the more down to earth people than any of them. He was humble. You could easily relate to him and he could relate to everyone. There were a few things that he said to us that really made sense. You have to replace the word goals with PROMISE that way it will get done. No one will break a promise. And 40% of goals do fail, so why do you want failure in your life? You make that Promise and 99% of the time it is kept. And the last thing from Bill would be to make sure that it is your Promise and not someone else's. So you personally have to know what you want and crystalize it. See it everyday for at least 20 minutes, and think about it. There was another speaker at the event that really had impact and that was Karl. Karl stated that it will cost the average company up to $500 per contact that they make. The reason is because they will not do anything with that contact. It will generally go with all your other cards that you've collected over the year. So you've got to do something about that. You should also incorporate within your business to have three types of programs or offers within your company to offer your clients. If you give them a choice of a Bronze Program, Silver Program or a Gold Program. Most people will buy the Silver program and few will buy the Gold Program. This is Brett Deguire from Advance Forward. "We are Advancing you Forward in Business, Investing and Life... 416-830-1213 ”
- Brett Deguire, Toronto
416-830-1213

Investing in Real Estate

TIMING is everything if you want to profit from Real Estate.

Of the different investments that I have made, Real Estate has performed better than any other investment, time after time. Because of leverage, I can control literally hundreds of thousands of dollars of RE for a fraction of the true value. Food, clothing and shelter are basic human needs. I can't sew and my wife tells me that I am not a very good cook, so I focus on helping out those who need a place to live.

FACTS

• 40% of the Population are renters.
• Vacancy rates across Canada are at historic lows.
• It is not economical for rental properties to be constructed in most parts of Canada.
• Wealthy people own REAL ESTATE.

My real estate story is one that has taught me many valuable lessons. At 21 I purchased my first property while studying Commerce at the University of Alberta. It was a two bedroom condo on the south side of Edmonton. I felt that I was far better to pay a mortgage than to pay a landlord. After living in this condo for a couple of years, I began to rent it out. I still hold this property today and have used the equity in it to purchase three additional properties. I found the perfect tenants for this property and quickly began to scout out the residential housing market for more condos!

To make a long story short, I purchased 7 properties between 1993 and 1997. One of these properties was with zero down, two were with $1,000 down each and three were purchased with the help of Vendor financing.

Owning and managing seven properties is VERY time consuming and at times, challenging. I have all of the typical tenant horror stories you can imagine including the damaged suite, midnight moves and the refusal to leave when the lease was up. As Robert Kiyosaki has taught me over and over, continuous learning is the key.

DARREN'S TOP 10 LESSONS ON OWNING REAL ESTATE

1. Buy in “Good” locations only.
2. Don't listen to banks when they say “NO.” Keep asking.
3. Be selective with your tenants. Very selective.
4. Don't be greedy by increasing rents to aggressively.
5. Clean and renovated suites will be “rentable” in all markets.
6. Ask seller to help finance. What do you have to lose?
7. Reserve fund studies are the key to condominiums.
8. Sitting on the Board of Directors is worth every minute of your time.
9. Knowing the property manager can assist you in “low down deals.”
10. Tax advantages are tremendous with multiple properties.

I have sold three of my original seven properties that were in Edmonton. My Return on Investment (ROI) for the three properties averaged 47%!!! If I were to sell the remaining properties, the ROI would be much greater. I have in the meantime, purchased additional properties in Ottawa, London, multiple units in Ft. McMurray as well as Duncan BC. I have realized that TIMING is the most important fact to consider when buying Real Estate.

TIMING is everything in Real Estate.

Some of the hottest Real Estate markets in Canada have been in the cities in the above paragraph. Real Estate cycles come and go, so why not follow them wherever they are regardless of where you live? Timing is so important that I only buy properties that I believe are in markets that are on the verge of appreciating rapidly. It does not ALWAYS make sense to buy Real Estate in the area that you live. I now only purchase Real Estate that meets the following criteria:

• Markets that are poised to increase in value.
• Property that is thoroughly researched and inspected by professional engineers.
• Property that is managed professionally for me, for as little as $20 per month.
• Tenant does not know my name or phone number.
• I OWN the property - I have title and can sell anytime.
• No hassles from tenants.
• Renovated suites with new appliances, new carpets, and a new look.
• Rent paid to me even if my suite is vacant.
• Low down payments and positive cash flow.

In other words, you can purchase residential property that is hassle free, and as simple as buying stocks or bonds. I have done this and I have recommended this concept to over 100 investors. Investors that have purchased well over $10,000,000 worth of property using this simple concept.

Why do I endorse this concept and how does one find out more?

A mentor, entrepreneur, Fast Track to Cash Flow guest speaker, and good friend of mine, John Murphy owns a company called 2020 Properties (www.2020properties.com) which facilitates the entire transaction of buying Real Estate in the “right” markets, as described above.

2020 Properties has sold literally 10's of millions of $$$ worth of investment Real Estate to clients all over the world. John is a believer of financial Education and supports my Fast Track to Cash Flow events and in turn, I share with people how I have mastered owning investment Real Estate, hassle free in the hottest markets in Canada over the past 5 years. You will find the 2020 Properties website to be very informational.

JUST IN.

Ask for your FREE educational CD, Titled “Stock Market Boom or Bust - How to Profit either Way” by contacting the following 20/20 Real Estate Coaches:

Edmonton - Ping Tom - ptom@2020properties.com
Calgary - Trevor Redfern - trevor.redfern@2020properties.com
Toronto - Mary Basas - mary.basas@2020properties.com
Montreal - Trevor Redfern : trevor.redfern@2020properties.com
Ottawa - Trevor Redfern - trevor.redfern@2020properties.com
Vancouver - Trevor Redfern : trevor.redfern@2020properties.com

Please visit our Trading in Real Estate section for more information.

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Fast Track to Cash Flow and www.fasttracktocashflow.com are not associated with and/or sponsored by CASHFLOW® Technologies, Inc. (CTI) or the Rich Dad organization. The sale of Rich Dad Products is not intended to imply endorsement by, or sponsorship, affiliation, association, partnership or joint venture with, the Rich Dad organization or CTI. Use of Rich Dad or CTI intellectual property such as its trademarks is with the permission of CTI.

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