WHY OSHAWA SHOULD BE YOUR HOTSPOT! NEXT INVESTMENT LOCATION CANADIAN REAL ESTATE WEALTH CANADIAN ESTATE REAL CANADIAN CANADA'S #1 REAL ESTATE INVESTMENT MAGAZINE Real Estate Wealth MAKE AN EXTRA $90$90,, 000000 A YEAR We Show You How MAKE AN EXTRA $90,000 *Step-By-Step Guide *Detailed Strategies from Top Investors Display until June 20, 2016 Expert insight into the student rental market MAY/JUN 2016 $7.99 | MAY/JUNE 2016 MAY/JUNE 5 TIPS HGTV's Vanessa Roman on how to get the most To Grow Your out of your next reno Portfolio What you need to know about investing in Florida canadianrealestatemagazine.ca OFC_Spine.indd 5-6 5/04/2016 10:15:43 PM Whether you are looking for a second home or a vacation home with opportunity for rental, Lennar features a variety of options throughout Florida, on both coasts and in between. With Lennar by your side, it’s easier than ever to invest in this highly sought after destination. For more than 60 years, Lennar has built over 800,000 homes with quality, value and integrity. Our deep experience in international investing enables us to oer a tailored home sales process in WHERE THE VIEW IS each Canadian Province. AS SPECTACULAR AS THE OPPORTUNITY. CALL OR EMAIL US TODAY [email protected] 305.485.2556 Lennar builds homes in over 40 of the nest markets and 17 states, including Florida - where you'll enjoy miles of sugar-white sands, endless sunny days and breathtaking sunsets over sparkling waters. Florida is one of the most sought after destinations in the U.S. HOMES STARTING FROM and today, it features some of the best real estate investment THE LOW $200’S USD opportunities. Lennar oers Everything’s Included® homes in the most desirable markets in Florida, which means that all Ft. Lauderdale • Miami • Orlando of the green features, luxury designer upgrades and advanced Naples/Cape Coral • Tampa technology comes standard in each home. IFC-01.indd 1 5/04/2016 4:29:13 AM Whether you are looking for a second home or a vacation home with opportunity for rental, Lennar features a variety of options throughout Florida, on both coasts and in between. With Lennar by your side, it’s easier than ever to invest in this highly sought after destination. For more than 60 years, Lennar has built over 800,000 homes with quality, value and integrity. Our deep experience in international investing enables us to oer a tailored home sales process in WHERE THE VIEW IS each Canadian Province. AS SPECTACULAR AS THE OPPORTUNITY. CALL OR EMAIL US TODAY [email protected] 305.485.2556 Lennar builds homes in over 40 of the nest markets and 17 states, including Florida - where you'll enjoy miles of sugar-white sands, endless sunny days and breathtaking sunsets over sparkling waters. Florida is one of the most sought after destinations in the U.S. HOMES STARTING FROM and today, it features some of the best real estate investment THE LOW $200’S USD opportunities. Lennar oers Everything’s Included® homes in the most desirable markets in Florida, which means that all Ft. Lauderdale • Miami • Orlando of the green features, luxury designer upgrades and advanced Naples/Cape Coral • Tampa technology comes standard in each home. IFC-01.indd 2 5/04/2016 4:28:52 AM CONTENTS CANADIAN 06 | Investor profile Real Estate Wealth Backgrounds in finance and MAY/JUNE 2016 construction gave Joanne Upward and Maurice Moore a solid foundation for building their portfolio 10 | 5 financing tips Having trouble finding financing for your next acquisition? These tips 26 from a mortgage broker MAKE AN EXTRA can help 12 | Boost your income with a basement suite $90,000 A YEAR Converting an unused Yes, you can quit your day job to become a full-time basement to a secondary SUITED HOMES.... real estate investor. Our experts outline five different suite can significantly strategies that will net you a $90,000 annual income improve your bottom line – here’s how to do it The easiest way to find double digit returns 48 | An overlooked gold mine Think apartment buildings HIGH YIELDING KELOWNA SUITED HOMES! are out of your league as an investor? When you see the profits that are possible, you PRICING FROM $329,900 CDN! might think again Why Suited properties? Why Kelowna? 16 22 54 | 3 powerful tools for What can ruin your Oshawa’s financial freedom Great Cash-Flow ($1000/mo) Value appreciation 8% per year 2014/2015 renovation? If financial freedom is your Strong appreciation Rents have risen by 20% since 2014 renaissance goal, Paul D’Abruzzo offers Realtor and HGTV host Vanessa Roman three often overlooked Easy to buy, easy to sell Vacancy has plummeted to near Zero This auto manufacturing city reinvented offers a few words of caution to investors tools that can help you itself in the wake of financial crisis, and Easy to rent and manage SOURCE: CREA & CMHC who are dreaming of splashy, TV-worthy get there renovation projects investors are taking notice Buy with as little as 5% down CALL US TODAY TO GAIN ACCESS TO HIGH QUALITY CASH FLOWING ASSETS! ** ASK US ABOUT OUR TOP 10 LIST OF KELOWNA PROPERTIES! SOLD FOR SOLD FOR $408,000 $310,000 44 A higher education on Florida’s still hot student housing Gorgeous weather and a growing Today’s college students expect more from their 50 economy make the Sunshine State housing – and investors who can deliver on those an attractive prospect for Canadian CONTACT US: P: 778.765.0440 | E: [email protected] desires can count on hefty returns investors www.kelownainvestmentproperty.ca 2 MAY/JUNE 2016 canadianrealestatemagazine.ca 02-03_Contents-SUBBED.indd 2 8/04/2016 4:54:17 AM CREW_Vantage West Realty_04.indd 1 2/04/2016 4:25:55 AM SUITED HOMES.... The easiest way to find double digit returns HIGH YIELDING KELOWNA SUITED HOMES! PRICING FROM $329,900 CDN! Why Suited properties? Why Kelowna? Great Cash-Flow ($1000/mo) Value appreciation 8% per year 2014/2015 Strong appreciation Rents have risen by 20% since 2014 Easy to buy, easy to sell Vacancy has plummeted to near Zero Easy to rent and manage SOURCE: CREA & CMHC Buy with as little as 5% down CALL US TODAY TO GAIN ACCESS TO HIGH QUALITY CASH FLOWING ASSETS! ** ASK US ABOUT OUR TOP 10 LIST OF KELOWNA PROPERTIES! SOLD FOR SOLD FOR $408,000 $310,000 CONTACT US: P: 778.765.0440 | E: [email protected] www.kelownainvestmentproperty.ca 02-03_Contents-SUBBED.inddCREW_Vantage West Realty_04.indd 3 1 8/04/20162/04/2016 4:55:124:25:55 AMAM CANADIAN Think you need big bucks to EDITORIAL Real Estate Wealth MAY/JUNE 2016 EDITORIAL [email protected] buy an investment property? PRESIDENT TIM DUCE SENIOR WRITER JOE ROSENGARTEN CONTRIBUTORS DALIA BARSOUM, PAUL D’ABRUZZO, MICHELLE GAUTHIER, KYLE GREEN, AJ HAZZI, ELIZABETH KELLY, PAUL KONDAKOS, SHAMON KURESHI, BRAD MCGILL, DANIEL NAGY, VANESSA ROMAN COPY EDITOR Sharing the stories of industry CLARE ALEXANDER DESIGNER insiders MARLA MORELOS PRODUCTION MANAGER ALICIA SALVATI MARKETING & COMMUNICATIONS t’s always a pleasure to speak to people who are passionate about what they do. CLAUDINE TING In addition to being happy to share little-known details of their profession, OFFICE MANAGER these people radiate an energy that can boost the mood of those around MARNI PARKER them. For our cover story, we were lucky enough to work with five individuals SALES I [email protected] who live and breathe real estate. When planning this issue, we were adamant NATIONAL SALES MANAGER, CREW about getting the input of industry insiders whom readers could relate to – real ADRIAN CONSIDINE T 416-644-8740 ext 248 people who’ve made a success of themselves through hard work, education and E [email protected] smart decisions. We didn’t want to produce the sort of piece that you might find NATIONAL ACCOUNT MANAGER, CREW in a special report in Saturday’s newspaper. We wanted a detailed, step-by-step ANDREW COWAN T 416-644-8740 ext 232 investment guide that novice investors could actually follow. E [email protected] I’m certain our cover story contributors are tired of the constant calls and emails GENERAL MANAGER - SALES JOHN MACKENZIE asking for extra detail, more numbers or a touch of context for the scenario they ASSOCIATE PUBLISHER - KMI created. We certainly were demanding, but only because we know how valuable TREVOR BIGGS this article will be for CREW readers. We asked our experts to create a blueprint SUBSCRIPTIONS for building a portfolio that can earn a yearly income of $90,000. We requested T 416-644-8740 F 416-203-8940 comprehensive strategies that would stand up in today’s market. The results? You’ll [email protected] have to read the story (starting on page 26) to find out. We’ve packed this issue full of great stories and useful info. As well as discovering Canadian Real Estate Wealth is published monthly by why Oshawa could be Ontario’s most attractive investment location and what’s KMI Publishing and Events Ltd. driving Canadians to invest in commercial properties in Florida (it’s not just Freelance submissions are welcome, but please contact us first. All text, photographs and illustrations must be accompanied by the sun), we also recognize the winners from this year’s Top Investor Awards. It a self-addressed return envelope stamped to the appropriate value if you want them returned. KMI Publishing Inc. takes no was quite an event for our winners, whose hard work and business acumen were responsibility for damage to or loss of material submitted for recognized by their peers and leading industry figures.