I appreciate your kind feedback. I really feel terrible for the people who are going to be having to make these difficult decisions. I hope this video gives them some ideas on how to think about how they can solve their problem.
Canadian real estate is no longer interesting. The best days are behind us. Lucky are those who were able to sell at a good price and leave the country!
I still believe in this country and believe that there are many good people still here. If you actually think about the amount of resources Canada has per capita we should be the richest population on earth. It's a shame we don't have a government who knows how to utilize this potential.
Unfortunately for me Tim, I did the math on my investment properties when I bought in mid-2022 , but the real kicker was sharp non-stop rise in variable mortgage refusing to come down.....loved your closing words....keep up the good work
A lot of people were caught up in this as well even myself do don't beat yourself up too bad. It's an expensive lesson as I mentioned in my video. We all have to go through them to grow and become better. Really appreciate the positive feedback and I appreciate you supporting my content.
Great video. Very honest ans informative Tim. Thank you for sharing about your hardship and I'm sorry about your mom. This is an eye opener but I also found it quite inspiring. Thanks again
great video thank you soo much! The math part was a little fast for me, and I am learning how to properly assess potential property investment, and this way of doing math is new to me. Do you have a video that can take us slowly step by step how to do the math, and understand the numbers more? I appreciated the lesson in this video but it also was a bit fast for me.
You're welcome, thanks for watching the video. I do have a 2 part video where I break down the math for a new construction purchase you can watch that video here - ua-cam.com/video/9B-voTZP8ok/v-deo.html I'm not sure if this video is basic enough but please do provide some feedback if this is too complicated. Otherwise if you have a specific property you'd like to get analyzed reach out to me and I can do an analysis for you. I do plan on making a more basic video that goes through the fundamentals of doing the real estate math in the future. I do really appreciate the feedback.
Unfortunately, that's going to be the case for many people because they didn't do their analysis before buying their property. I will be releasing a video this weekend on how to do a property investment analysis because I don't think most people know how to think about this. We won't know what's going to happen in 2025 but if the situation is the same or worse than today and you MUST sell then you're going to have no choice but to take a loss. If you can afford to hold then you can do so until the market recovers. It really depends on everyones individual situation so I would need more details to tell you what I think. If you're referring to who's going to buy? You'll most likely need to sell to an end user as an investor will probably not pay for a losing investment. Especially if they know what they are doing.
There is a spreadsheet I do give away at the end of my 2 part video - ua-cam.com/video/94k6lpk1Fd4/v-deo.html. If you'd like me to run through one of your properties you can book a time with me. Just reach out to me through my website or just Google me and you'll find me.
Overpriced properties are never a good investment, we should know how much a property can actually be without the speculated numbers not under an out of control inflation , watching years of rental history not just the last year or two under speculation pressures
I couldn't agree with you more. Overpriced properties is the reason why Toronto is having all these problems with housing. It's tied to people not understanding their numbers because if they did, they would have never bought in the first place. In my next video I go into more detail about the rental prices etc. I think I'll address some of your concerns on that video that I'll be releasing this weekend.
So taking a loss of $1500 a month while still having to deal with a tenant that could stop paying at any moment is not a good idea?? Is this what I am hearing? Taking variable rate loans has risk? Is this true?? Wow I’m shocked.
It depends on your situation. Unfortunately, many Canadians are in this situation right now so they have to make the difficult decision on whether to lose hundreds of thousands of dollars or take the risk and carry the property until the market recovers. All investments have risk, unfortunately many people were not properly advised or informed on the risks they were taking.
Keep in mind that this was a superficial example and not ALL people over paid. The majority of owners didn't pay the high prices. A 9% increase year over year for 5 years would be 53.9%. I was seeing over 30% increases in the prices year over year back in 2017 and I couldn't believe it! On the other hand prices could also fall a further 50% as well. To be clear I'm not predicting any of the two scenarios. All I'm trying to say is that the market could surprise you. From my experience it's impossible to know what's going to happen with the Toronto Market.
Thank you again! Nice video!
You’re welcome thanks for the kind words!
Awesome wholeheartedly honest video🏆
I appreciate your kind feedback. I really feel terrible for the people who are going to be having to make these difficult decisions. I hope this video gives them some ideas on how to think about how they can solve their problem.
Canadian real estate is no longer interesting. The best days are behind us. Lucky are those who were able to sell at a good price and leave the country!
I still believe in this country and believe that there are many good people still here. If you actually think about the amount of resources Canada has per capita we should be the richest population on earth. It's a shame we don't have a government who knows how to utilize this potential.
@@realestategameyep too much invested in real estate and in nothing else. Maybe you should switch your job focus
@@peej91 I've been in this business for so long now that this is the one thing that I really know how to do, but who knows what the future holds?
Hey Tim. I love your honesty. Great video.
Thank you for your comment and really appreciate you watching. Trying to keep it straight up and real man!
The math is the reason that I am here!
Nice to meet like minded people. You're a rare breed...lol
Unfortunately for me Tim, I did the math on my investment properties when I bought in mid-2022 , but the real kicker was sharp non-stop rise in variable mortgage refusing to come down.....loved your closing words....keep up the good work
A lot of people were caught up in this as well even myself do don't beat yourself up too bad. It's an expensive lesson as I mentioned in my video. We all have to go through them to grow and become better. Really appreciate the positive feedback and I appreciate you supporting my content.
Listen, learn and gain , Tim you actually show me the path 😊
I'm glad to hear I was able to help you understand how to make difficult decisions based on looking at the actual numbers.
Tim, thank you for this video!
You're welcome
Great video. Very honest ans informative Tim. Thank you for sharing about your hardship and I'm sorry about your mom. This is an eye opener but I also found it quite inspiring. Thanks again
Thanks John just trying keep it real and share my personal experiences. Appreciate the comment.
Great video Tim!
Thanks Tal! Good to see you been a while. How you holding up in this market?
Good info,
Appreciate the comment!
great video thank you soo much! The math part was a little fast for me, and I am learning how to properly assess potential property investment, and this way of doing math is new to me. Do you have a video that can take us slowly step by step how to do the math, and understand the numbers more? I appreciated the lesson in this video but it also was a bit fast for me.
You're welcome, thanks for watching the video. I do have a 2 part video where I break down the math for a new construction purchase you can watch that video here - ua-cam.com/video/9B-voTZP8ok/v-deo.html
I'm not sure if this video is basic enough but please do provide some feedback if this is too complicated. Otherwise if you have a specific property you'd like to get analyzed reach out to me and I can do an analysis for you.
I do plan on making a more basic video that goes through the fundamentals of doing the real estate math in the future. I do really appreciate the feedback.
The problem is how can you sell these units after a year. Still going to be negative cash flow in 2025
Unfortunately, that's going to be the case for many people because they didn't do their analysis before buying their property. I will be releasing a video this weekend on how to do a property investment analysis because I don't think most people know how to think about this.
We won't know what's going to happen in 2025 but if the situation is the same or worse than today and you MUST sell then you're going to have no choice but to take a loss. If you can afford to hold then you can do so until the market recovers. It really depends on everyones individual situation so I would need more details to tell you what I think.
If you're referring to who's going to buy? You'll most likely need to sell to an end user as an investor will probably not pay for a losing investment. Especially if they know what they are doing.
hi tim is it possible you could upload this google sheet, or if i can book your time to run through one of my properties?
There is a spreadsheet I do give away at the end of my 2 part video - ua-cam.com/video/94k6lpk1Fd4/v-deo.html. If you'd like me to run through one of your properties you can book a time with me. Just reach out to me through my website or just Google me and you'll find me.
Overpriced properties are never a good investment, we should know how much a property can actually be without the speculated numbers not under an out of control inflation , watching years of rental history not just the last year or two under speculation pressures
I couldn't agree with you more. Overpriced properties is the reason why Toronto is having all these problems with housing. It's tied to people not understanding their numbers because if they did, they would have never bought in the first place.
In my next video I go into more detail about the rental prices etc. I think I'll address some of your concerns on that video that I'll be releasing this weekend.
So taking a loss of $1500 a month while still having to deal with a tenant that could stop paying at any moment is not a good idea?? Is this what I am hearing? Taking variable rate loans has risk? Is this true?? Wow I’m shocked.
It depends on your situation. Unfortunately, many Canadians are in this situation right now so they have to make the difficult decision on whether to lose hundreds of thousands of dollars or take the risk and carry the property until the market recovers. All investments have risk, unfortunately many people were not properly advised or informed on the risks they were taking.
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I just tried it and it's working for me. Try a different IP address.
50% increase to recover??! lol owners are effed
Keep in mind that this was a superficial example and not ALL people over paid. The majority of owners didn't pay the high prices.
A 9% increase year over year for 5 years would be 53.9%. I was seeing over 30% increases in the prices year over year back in 2017 and I couldn't believe it!
On the other hand prices could also fall a further 50% as well.
To be clear I'm not predicting any of the two scenarios. All I'm trying to say is that the market could surprise you. From my experience it's impossible to know what's going to happen with the Toronto Market.