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Knowing the Statistics of Renters and Owners.

One of the steps in my Live Debt Free Program is to know the area you want to buy in and this takes research. Research is all about knowing the following:

  • the area
  • the demographics
  • who lives there
  • what is their annual income more

More and more people are renting versus owning. You have to understand and know how much it cost to rent a one bedroom or a two bedroom, three bedroom, detached home, semi-detached home, etc.

You got to do your research now, a right place to start is the Canadian Mortgage Housing Corporation. It's a website that does a lot of research, and you could get a lot of information there.

If you have any questions about building wealth through real estate connect with me for a free call.

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My Personal Story - Investing in Real Estate Almost All of My Life in Toronto

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Keeping Real Estate Long Term in Building Wealth Through Real Estate

Everybody has different opinions on how to build wealth through real estate.

For me, it’s keeping the property long-term. I don’t like to flip properties because that means I’m going to be timing the market. That’s not my area of expertise. If I knew how to time the market and I could predict the future, I rather predict the lotto six 49 numbers. Building wealth through real estate is all about keeping buying the property and holding it for long-term.

If you have any questions about building wealth through real estate connect with me for a free call.

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Milk Cow vs Meat Cow – Monthly Positive/Negative Cashflow

In step three of my live debt-free program, I teach Canadian families how to build wealth through real estate.

In this blog, I'm going to talk to you about knowing your numbers. You must understand the numbers when you purchase a place and when you rent it out.

There are two types of numbers. There are two types of cows. This is an analogy that I take two types of cows.

The first cow is a milk cow.

The second cow is a meat cow.

What kind of cow do you want?

A milk cow is a property that gives you monthly positive cash flow.

A meat cow could give you negative cash flow, but you basically keep it longterm, fatten up the property, and then sell it.

Make sure you know your numbers. If you have any questions about building wealth through real estate, go to https://sylviaho.ca/.

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Mortgage Setup

How to Avoid Paying $25K in Fees when Setting up a Mortgage

A question I get asked a lot is, why go through Sylvia ho? Why not go to your local branch?
Well, let me tell you how I saved my client $25,000 in mortgage fees.

I got a call from an individual seeking a second opinion.

They had just recently purchased the place, and they went into their local branch to get the mortgage set up, and they came back out, ending up having to pay $25,000 in fees. They were not happy.

After more review and just asking a lot more questions, the fee was legit. It was a $25,000 CMHC (Canada Mortgage and Housing Corporation) fee because they were putting less than a 20% down payment. So I did a little bit of Education in regards to the down payment and CMHC.

We continue further, and I asked a lot more questions:

  • Where the client is today in their family?
  • Where they plan to be with her family in 5 years and ten years?
  • I also looked at their careers and income.

With more review, I was able to devise a plan where they came up with the 20% down payment. Working with someone like myself allows you to leverage experience. I helped them save that $25,000!

Now, this plan was not easy. It would take a lot of dedication. It would take a lot of hard work. It would take a lot of persistence, but we were able to get there. So not only did I save my client $25,000 in fees, but I also helped them save $903 in monthly obligations on their mortgage.

If you know anyone who’s looking for a mortgage today and wants to seek a second opinion, have them give me a call.

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Pay Off Your Mortgage Aggressively and Get a Secured Line of Credit

In phase three of my live debt-free program, I teach Canadian families how to build wealth through real estate. In this article, I’m going to tell you my personal story of how I build my wealth.

When we bought our house, I was super aggressive at paying it down. I did the bare minimum monthly payments or biweekly payments, and I did large lump sums to pay it down. I paid it down to zero.

Then I got a secured line of credit. A secured line of credit is a Home Equity Line of Credit (HELOC ). With this large line of credit, I was able to buy multiple properties.

If you have any questions on how you can build wealth through real estate, give me a call today.

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Why I’m Building a Real Estate Empire in Toronto

A question I get asked a lot is, “Why are you building a real estate empire?”

People have a lot of different reasons. For me, it’s twofold.

The first thing is it’s a retirement plan for my husband and I. It’s so that we can live off of the passive rental income.

The second reason is, it’s a legacy that I want to leave behind for my kids. I read an article that by year 2050, Toronto will become a city just like San Francisco and New York City, where renting is the norm. We’re already heading in that direction right now with the values here in Toronto. I want to give my kids a fighting chance to be able to own real estate.

If you have any questions on how to build your real estate empire, give me a call today. My services are absolutely free.

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My Personal Story – Investing in Real Estate Almost All of My Life

In step three of my live debt-free program, I teach Canadian families how to build wealth through real estate. Now let me tell you my personal story.

A long, long time ago, my mom took me to go see this house. I thought she was shopping around for a client of hers, but when we got there, she said, “This is perfect for you, let’s buy it.”

And I was like, “Great, who’s buying it?”

“You are,” she replied.

And I was a little confused because I was just a young professional.

I thought, “I can’t buy this place. I’m not ready to buy?”

I didn’t have my 5% down payment. I just graduated from university, had $50,000 of student loans, and I was still lining up a full-time job.

But God bless my mom for teaching me and pushing me in that direction cause I got the house.

Three years later, I sold the place, I paid off all of my debts and then I bought a detached home in the city of Toronto, and I own it to this day.

Since then, I’ve been hooked on real estate.

My mom taught me how to build wealth through real estate.
I want to teach you!

If you have any questions about building wealth through real estate, give me a call.

FREE YOURSELF FROM DEBT & EXPERIENCE FINANCIAL PEACE!

Want to Retire Debt Free?

In the Live Debt free program, I will teach you how to pay off your debts including your mortgage!

  • Get the best option for your family with Sylvia Ho’s mortgage expertise.
  • Accountability to keep you on track for your wealth building goals.
  • FREE VIDEO TRAINING - The 12 Concepts to Live Debt Free

Click the Button Below to Sign Up for FREE Today!

Build Wealth Through Real Estate

A long time ago, my mom pushed me to buy my first home. I was definitely NOT ready. But God bless for my mom for pushing me in the real estate direction cause now I own a real estate empire! When I bought my first place, I didn’t have my down payment and I had $50k in student loans. But 3 years later, I sold that place and paid off my student loan and then bought a detached home. I still have that detached house and have been renting it out ever since.

Starting a real estate empire takes dedication and perseverance and proper guidance.

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Review your debts annually to pay down your mortgage.

The last step to paying off your mortgage fast is to review your debts annually.

You are almost there! I can’t wait to have a mortgage burning party with you eventually.

Keep on track. 

Stay the course. 

Be determined. 

Visualize your goal. 

Don’t do this by yourself. I go to the gym because I know my coach is waiting for me. If I didn’t have a coach, I wouldn’t go. In the Live Debt Free program, I will be your coach!

There are two types of people. People that will read this email and agree with it but then get back to a busy life. Life will pass them by, and then retirement will creep upon them. 

Then some people will take action today and put in place a plan to get rid of this debt. 

Which type of person are you?

Take action today and book your complimentary call today.

Pay Off Your Mortgage & Create Financial Peace

In the Live Debt free program, I will teach you how to pay off your debts including your mortgage!

  • Get the best option for your family with Sylvia Ho’s mortgage expertise.
  • Accountability to keep you on track for your wealth building goals.
  • FREE 5-MIN VIDEO TRAINING - The 12 Concepts to Live Debt Free

Click the Button Below to Sign Up for FREE Today!

Merge Your Debts to Pay off Mortgage Fast

Did you know that for every one dollar Canadians make they are $1.78 in debt? Another way to think about it is every hundred dollars that you earn, you owe $ 178. This is an alarming number, and this stat has been increasing over the years.

There are many suggestions on how to pay off your debt’s. In my opinion, the best solution is to use the saved up money trapped in your home to pay off your debts. You will hear terms like refinancing or equity take out or debt consolidation. They all mean the same thing, which is get rid of your debts.

This past week I was able to help a family who had $50k in credit cards debts. We added the debt to their mortgage.

For this family, they were living paycheque to paycheque. So, we fixed the cash flow issue by freeing up $800 per month.

We also put in place a plan to pay off the mortgage before retirement. Their current plan put them in debt at retirement.

We saved on interest from 18% down to 3.5%.

We also got them an emergency fund so that they don’t go into debt again in the future.

When it comes to debts, it’s all about planning. If you fail to plan you plan to fail.

For me, this is really exciting! To see the burden lifted off their shoulders and see the rainbow in sight.

Combine your debts into one!

Book a call with me today to get started.

FREE YOURSELF FROM DEBT & EXPERIENCE FINANCIAL PEACE!

Want to Retire Debt Free?

In the Live Debt free program, I will teach you how to pay off your debts including your mortgage!

  • Get the best option for your family with Sylvia Ho’s mortgage expertise.
  • Accountability to keep you on track for your wealth building goals.
  • FREE VIDEO TRAINING - The 12 Concepts to Live Debt Free

Click the Button Below to Sign Up for FREE Today!