Real Estate Investors in Ontario know there is a cap on an annual rent increase.  This is governed by the Residential Tenancies Act, 2006.

Did you know that not all rental properties are subject to this ?  Our clients are investing in Kitchener Waterloo properties with an important piece of knowledge – Do you know it ? Watch the video at this link to find out!

VIDEO: Real Estate Investment Tip: Raising Rent in Ontario

Do you have questions about being a landlord ? Email Benjamin at Benjamin(AT)BenjaminBach.com with your questions!

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Related Links:

Ontario Residential Tenancies Act, 2006

Landlord and Tenant Board

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Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada and the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love to answer any questions about buying, selling and owning a residential, or income & investment property in the greater Waterloo region.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007

Great Kitchener Waterloo Real Estate Investment Opportunity

Great Investment Opportunity – Legal Licensed Student Lodging House for 5
Moneymaking Student House

Student House in Kitchener Waterloo near University

When Investing in Real Estate, the sage advice is Location Location Location!
Well, location doesn’t get any better than this for a student rental property.

268 Hemlock is a legal licensed house for 5, so close to WLU you can see it.
Located between Conestoga College’s Waterloo Campus, Wilfrid Laurier Univesity and University of Waterloo, there are over 50,000 students within a short walk of the home.

If you have a child that going to school here now, or may be attending one of these schools in the next 5-10 years, investing in this student home now will allow you to have a great home for them to live in with 4 friends when they go to school, plus you’ll benefit from owning a prime located real estate investment!

Why would you pay for residence, or rent that is paying off another investor’s mortgage, when you could be profiting from being an investor in the great student real estate market in Waterloo ?

The property is currently fully rented until August 2009, and tenants pay all utilities.If you`d like more information on this property, and to schedule a private tour, email or call Benjamin today at Benjamin@BenjaminBach.com or 519 570 4447.

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing
can make you wealthy. Benjamin works with people from all across
Ontario and Canada and the world helping them build wealth through
smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at
Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love
to answer any questions about buying, selling and owning a rental,
income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 – 2008

As I just mentioned over at my Real Estate Investing blog, I’m happy to announce that I am opening registration of my upcoming Millionaire Real Estate Investment workshop to the general public. There are only 20 spots, and a little under half of the seats are spoken for already (translation: ACT NOW, SEATS GOING FAST).

If you’ve ever wondered about how you can get started investing in real estate, or wanted to know the best practices of Millionaire Real Estate Investors, you need to register for the workshop.

I will be talking about what you need to do to start your portfolio, the professionals you’ll need to grow your investments, as well as some specific opportunities in the Kitchener Waterloo region.

Anyone can do it, not everyone will.

WHEN: Thursday January 10th, 7:00-8:30pm

WHERE: Keller Williams offices, 871 Victoria Street North, Kitchener Ontario. You can email me for directions.

You must register to attend, and there is no cost for registration. You can register by calling me at 519 570 4447 or emailing me at Benjamin(AT)BenjaminBach.com

A $5 charge at the door will apply, but the workshop is free with registration.

See what others are saying about building wealth through real estate investing:

“Benjamin is an expert in the field of investment real estate. He is highly knowledgeable and a great speaker on this topic. He does an excellent job going through the process one on one and has worked very patiently with me. It doesn’t take long before you realize that he truly works hard to help make other people wealthy and successful…stays true to his life mantra. I strongly recommend Benjamin if you’re looking for person to help you build your wealth!”

Every time I hold a workshop, I help someone change the way they think about building and accumulating wealth. I’d love to help educate you on how you can become a millionaire and retire rich. Call or email me today and register for the workshop.

Kitchener Waterloo’s Favourite Real Estate Agent (Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 – 2008) wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from across Ontario and Canada, helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying or selling a rental, income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

I’m proud to announce that the Kitchener Waterloo Real Estate Investment blog has moved to a new home @ http://www.Kitchener-Waterloo-Real-Estate-Investments.com\

Please update your links, and enjoy the information at the new site!

Originally posted at the new blog, http://www.Kitchener-Waterloo-Real-Estate-Investments.com

This morning I toured a two bedroom condominium unit with an identical layout to a unit we just purchased.  The condo is vacant, and needs new flooring in most of the unit (maybe 600 sq ft of flooring) and could use a paint job and some updated lighting.

It has all the characteristics of an investment I love:

• Investment property in a residential neighborhood
• Near a school
• Near major shopping centers
• Near the highway (I promise, this is a good thing in Kitchener Waterloo; if you’re near the expressway you can get anywhere in 15 minutes)
• Needs cosmetic work and priced accordingly
• Less than 20 years old

The unit I saw is offered for sale at $105,000, which is less than other main floor units have been selling for this year.  An identical unit in the complex we bought in is for sale right now for ~$118,000 – it is in better shape, but that’s only a new paint job and some flooring away

If you invest in this condo for $105,000 with 20% down payment – $21,000 – you will need a mortgage for $84,000.  If you get a 5 year fixed rate mortgage for 5.89% (that’s the rate I got in July, and in fact rates are a bit lower now) and amortize the payments over 40 years, your monthly mortgage payment is about $452 a month according to the mortgage calculator I’m using.  Condo fees are currently $210.00 a month, and taxes are a shade under $100  a month. Insurance should be under $20 a month.

$452 (mortgage) + $210 (condo fees) + $100 (tax) + $20 (insurance) = $782.00

If you rent your unit out for $825 + hydro a month, you have a great condo paying for itself each month.  All you have to do is collect twelve rent cheques each January.

Could your retirement portfolio benefit from the accelerated equity growth real estate can offer you?  Call me now for a free consultation about how you can start investing in real estate today!

A lot of people come to me talking about the ‘gross rental multiplier’ on a single family home, or about how important it is to get maximum cash flow, or how they won’t look at properties under a certain capitalization rate.

Poor planning is the downfall of many would be investors. Maybe they don’t know what to look for in an investment property. Sometimes they don’t have their criteria nailed down. More often than not, they have a basic misunderstanding of wealth building.

One of the first things you need to do before you build your real estate portfolio is determine whether or not you should be following the Growth model for investing, or the Income model for investing.

Which model you choose will depend on a number of factors, mainly the size of the gap between how much equity you have, and how much equity you’ll need in retirement.

As we discussed yesterday, the income you receive in retirement is directly tied to how much equity you have. Your income is based on the return you make on your equity. The more equity, the more income.

In the Growth model, you are trying to accumulate as many assets as you can, in order to benefit from the appreciation and principle debt reduction over a large portfolio. In the Income model you are primarily investing your equity in order to receive cash flow to live on (or use for other business ventures).

What this means is, unless you already have a few million in equity, you should focus on Growth, rather than Income.

If you only have $100,000 in equity, it would be detrimental to look for an investment that will maximize your cash flow. What I would do is leverage that 100K into a portfolio of real estate in the Kitchener Waterloo area that is positioned to appreciate over the next several years (and your individual situation will determine the holding time).

In real estate, you benefit from owning more real estate, not from owning more of one piece of real estate. Leverage, used in combination with due diligence and a solid educational base, will allow you to accelerate the growth of your equity considerably.

Call me now @ 519 570 4447 for a free no obligation consultation about how your equity can be growing faster.

Benjamin Bach is passionate about helping people build wealth for an abundant retirement. He works with investors from across North America, helping them Retire Rich, and earlier than they thought possible!

Call or email Kitchener Waterloo’s Favourite Real Estate Agent (Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 – 2008) today to learn how you can start your Real Estate Investment portfolio.

Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying or selling a rental, income or investment property.

You can reach Benjamin at benjamin(AT)benjaminbach.com or call him at 519 570 4447. More info on Benjamin can be found at http://www.kitchenerwaterloorealestateinvestments.com/

It used to be that you could work for a company for 45 years, and retire with a pension to meet your needs, and a gold watch to match.

Nowadays, there is no such thing as job security, and and any pension or government funded retirement plans are likely not enough to keep you living the lifestyle you’ve become accustomed to.

During the typical working career, you go to your job and are paid for the work you do, or the time you put in.

If you go to work and do your job, you get paid. You are living off of the income you produce.

When you retire, you no longer go to work everyday to produce income – you now need to live off the income (or cashflow) your assets produce.

If you want to have a retirement income of $100,000 a year, and your investments generated a 10% rate of return, you would need to have $1,000,000 in assets. The more assets you own, the greater your potential retirement income.

Do you have a plan that will leave you with seven figures in assets by the time you want to stop working ? Call me at 519 570 4447 for a free consultation, and I’ll work with you to develop a plan that will allow you to reach your dreams.

Benjamin Bach is passionate about helping people build wealth for an abundant retirement. He works with investors from across North America, helping them Retire Rich, and earlier than they thought possible!

Call or email Kitchener Waterloo’s Favourite Real Estate Agent (Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 – 2008) today to learn how you can start your Real Estate Investment portfolio.

Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying or selling a rental, income or investment property.

You can reach Benjamin at benjamin(AT)benjaminbach.com or call him at 519 570 4447

Thank You !

I am humbled to to tell you that I have been awarded Gold in the 2007-2008 Kitchener Waterloo Record’s annual Reader’s Select Awards for Favourite Real Estate Agent, and my brokerage Keller Williams Golden Triangle Realty has been named the 2007-2008 favourite Real Estate Brokerage in town!

Thanks to all my clients and friends that nominated and voted for me, and for helping me grow my business. I can’t do it alone, and I can’t do it without YOU!

Shout out to my friends who won, in no particular order:

Morty’s (favourite sports bar, wings, & pub) , Lois Raats (favourite coach), Bonnie Toggs (favourite children’s wear store), and Gascho Motors (favourite used car dealership)

Last week at Toastmasters, our club president gave a speech about Registered Education Savings Plans (RESP).

He determined that the cost of a 4 year post secondary degree, away from home, will be well over $100,000 in 15 years (he estimated as high as $180,000, but that may have been a US statistic). The RESP he was ’selling’ would cover less than half of that cost. How can this be?

While the RESP is billed as “a clear choice for families wishing to save for their children’s future education costs,” the reality is that the lifetime contribution is maxed out at $42,000, and annual contributions are maxed at $4000 a year – hardly enough to grow to a six figure sum by the time little Josh goes to university.

What is the alternative ? Invest in real estate, and benefit from leverage and having someone else paying off the loan .

Imagine you did this: Take $12,500 (from savings, home equity, stocks etc), and use that as a down payment on a real estate investment property. In this case, we’ll purchase a 2 bedroom 2 bath condominium in Kitchener for $125,000.

Since you have a $12,500 downpayment, you now need a mortgage for $112,500. We’re going to use a 20 year amortization period, and we’re going to make payments on the mortgage every two weeks – making the effective amortization 17.2 years. At a 6% interest rate, the bi-weekly accelerated payments would be $400.50 every two weeks, or $801 per month. Condo fees are $200 a month, and municipal tax are about $100/month.

Assuming the unit is rented for $950 a month + hydro, there is a negative month to month cash flow of about $150 a month. When you compare this $1800 a year against the $4000 you would be contributing to an RESP, it is a much smaller figure. In fact…

Your annual contribution is 55% less than it would be under a traditional RESP plan

If the condominium does not appreciate one penny between now and 17 years from now – which is when you’ll need the money for Junior’s college tuition – it will be completely paid off and worth $125,000. Great return on your investment !

That will cover most of the cost of tuition, and it’s about double what the value of the RESP will be.

The condominium market has appreciated ~8% in the past year, and if it continues to appreciate, even at 5% a year, your Real Estate Investment will be worth north of $150,000.

The smart choice is to buy an asset with borrowed money, and have someone else pay off most of the loan. That’s the opportunity real estate offers you.

Call me for a free consultation. We will look at your needs – retirement, education, a second home – and develop a plan to get you where you need to be.

Are you interested in how you can start investing in real estate, but not sure where to start ?  Do you want access to proven systems from millionaire real estate investors? Come out on September 20th to a FREE workshop.  All the details are at http://www.kwinvestments.com