Case Studies

CREATE WEALTH WITH REAL ESTATE

 

Case Study 1: THINKING BIG AND TAKING ACTION = HUGE UNFORESEEN PROFITS


Sajjad Ahmed, one of my best clients booked a Townhome in May 2014 at Cli Rd. and QEW for $529,900 with $30,000 down. In September 2014 the builder released Phase 2, selling similar townhomes at $629,900. The value of his townhome went up an average of $100,000 in 4 months and it’s not even built right now. When he takes possession in September 2015, you can imagine how much more he can add to his prots by then but regardless, he has already made more than two years’ worth of average income a Canadian makes. With careful research I found him that investment because it had a tremendous potential for growth. Sajjad overcame his most challenging obstacles in making this investment because he was thinking BIG and TOOK ACTION. He had $10,000 in savings to pay for the rst payment. He did not want to borrow from his line of credit or from friends or family. So he suggested I sell his condo that he lived in. His next payment was due in 30 days. 
I told him it was risky but he was willing to take the risk. I called the builder and told them that if Sajjad could pay his next payment in 90 days, that he could pay both the remaining payments at once. This option is rarely available when builders are selling out fast but because I work very closely with builders, they agreed and in 60 days we sold Sajjad’s condo, and took care of the rest of the payments.
Moral of the story is,
HE THINKS BIG AND THINGS FALL IN THE RIGHT PLACE FOR HIM EVERYTIME!


 

Case Study 2: OVERCOMING DOWN PAYMENT OBSTACLES = DOUBLE PROFITS

 
One of my valued clients booked a Townhome in August 2012 at Creditview and Britannia for $412,900 with $30,000 down. In April 2014 when it closed, the price had gone up to $525,000 and right now the price of that same townhouse is $545,000. With only $30,000, he created wealth of $132,000 in 2 years. His down payment money didn’t come easy. He said he only had $10,000 but he wanted to book. In my consultation with him, I determined that he had quite a bit of equity in his existing home and advised him of that. With the help of a very dependable mortgage professional, he borrowed the rest of the down payment against his house and paid
for down payment for this townhome. Later in May 2014, when I sold his existing house, it sold with a prot of $150,000. Taking in account his prot from the townhome of $132,000 + his prots of $150,000 from his existing house, today his net worth is $282,000 in 2 years! Yes! Therefore, making prots in the new construction market is completely doable! 
 
I CAN HELP YOU CREATE WEALTH THE SAME WAY. CALL ME TO FIND OUT HOW.