Learn about business opportunities, business ideas, and real estate investing here at Bizops.ca. We take a look at these topics and put a Canadian spin on them on this business opportunities blog.
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Written by Marc on July 19th, 2007
I think the title of this article is self explanatory ? at some point your business or organization may need a joint venture partner. Why? Below are four common reasons why you might want a joint venture partner:
Lack of Expertise
You may have good skills but are lacking in certain areas. In my case, I am good at seeing the big picture and designing websites, but I lack content creation skills. So, I went out an found someone to partner with who excels at writing and complements my skill set.
Lack of Capital
Perhaps you have some inside information on where to get a screaming real estate investment deal but don?t have the money to take advantage of your good fortune. If you were to partner up with someone that has the money required to make the deal happen you could take care of the management and groundwork, and then you both profit.
Need …
Read more articles on Business Ideas and Entrepreneur and Online Opportunities and Real Estate Investing.
Written by Marc on July 7th, 2007
Numbers came out this week regarding the average home price in Saskatoon, Saskatchewan. For those of you that have not been reading the blog up to this point, Saskatoon is located in Canada and is currently experiencing a housing boom. The average house price for a house in Saskatoon in June was $252,433 CDN up from the price in June 2006 of $160,547 CDN.
A large reason for this increase is both the number of frustrated potential home buyers bidding irrational prices just to get property and the influx of investors from outside the city. An example of these external investors are those investors from Alberta who have entered the market due to the high prices found in the Alberta market. I have a colleague that we had helped purchase an income property in Saskatoon. She is investing here because her house has almost tripled since she bought it just a …
Read more articles on Real Estate Investing and Saskatoon Real Estate.
Written by Marc on June 23rd, 2007
Now, this may seem a little weird for a business opportunity blog, but it is something I suffer from. Fear of success? Is that possible? Yes it is.
What is the fear of success?
Some of the symptoms of the fear of success are:
- Fear that even if you accomplish all that you have set out to achieve that you will not achieve happiness, be content or be satisfied with the outcome.
- You feel undeserving of all your accomplishments and successes.
- Fear that your accomplishments can be destroyed at anytime.
- Fear that after you have achieved what you have set out to accomplish, your interest will wane and your success will fade
- Happiness will not come from your accomplishments and that you will be dissatisfied with life
- What do you do once you have succeeded in your task? A fear of the future.
The results of this fear can …
Read more articles on Business Ideas and Entrepreneur.
Written by Marc on June 9th, 2007
This may seem to be a strange title for a blog post – but I urge you to read on. You may have read in many books or heard from friends the steps you should follow in finding a realtor that specializes in investment properties. Such things as experience, the realtor actually owning investment properties, and creative financing come up on that list. One thing that you don’t see very often is mentioning your gut instinct.
Even if the realtor is the most experienced person for the job, you may be feeling something about them that is not quite right. For example, tonight we visited a realtor that we have dealt with in the past to purchase some investment properties under a joint venture partnership. We had good experiences with him last summer, so we thought we would deal with him again. Well, things change in a year.
I had a feeling …
Read more articles on Real Estate Investing.
Written by Marc on June 5th, 2007
According to the semi-annual Metro Monitor published by CIBC World Markets, Saskatoon has the strongest housing resale market in Canada. In fact, according to their report, both Saskatoon and Regina are sixth and seventh rated cities based on economic momentum.
The labor market in Saskatoon is also the strongest in the country, with Saskatoon posting the greatest percentage increase in employment numbers in the country.
What does this mean to a real estate investor or entrepreneur?
One word: opportunity. With more people buying real estate, it is a good market for flipping homes. According to sales in the MLS (multiple listing service), the average home price in May was $233,197 CDN compared to $220,682 CDN just one month ago. That is a month over month increase of 5.91%. If you look at the yearly return, that you could have earned an average of 44% by holding onto the property …
Read more articles on Business Opportunities and Entrepreneur and Real Estate Investing and Real Estate Resources and Saskatoon Real Estate.
Written by Marc on June 3rd, 2007
If any of you have played the board game Monopoly from Milton Bradley, you will understand the title of this post. To give a simple explanation of this strategy, look at this list:
- Buy some properties
- Collect rent
- Build houses
- Collect more rent
- Trade four houses for one red hotel
- Repeat
This is a great analogy for life in business. Start small, reinvest, and grow. If you follow this simple strategy, you can and should excel in business and investing. This can apply for online and offline businesses, and real estate investing.
This is also good motivation for those of you just starting out: even if you are starting small, you can become a large organization.
Just remember:
Four Green Houses -> One Red Hotel
Read more articles on Business Ideas and Business Opportunities and Entrepreneur and Online Opportunities and Real Estate Investing.
Written by Marc on May 17th, 2007
In a sellers market, the real estate prices are usually higher than what you paid for your rental property. It is an excellent chance to make a profit and sell your income properties. But before you do, consider these two scenarios:
- Sell your properties for a profit
Obviously, if you need a quick buck, or feel like cashing out, this would be the time to do it. No one complains about making money and that was the reason you bought the property in the first place, right?
This is also a great opportunity for you to take your smaller properties and turn them into a larger, more profitable property (think four green houses one red hotel). Usually if you follow this route, depending on where you live, you can pay less taxes on the capital gains of the properties. Consult your accountant on the particulars for taxes in your area.
- Increase …
Read more articles on Real Estate Investing and Saskatoon Real Estate.
Written by Marc on May 15th, 2007
Groan. I know some of you don’t really care for the whole reading thing, but make a point of reading what is below this introduction.
If you want to succeed and exceed the success of your peers, you need to learn something new everyday. I am not talking about a large amount of time to invest, rather just be consistent. Learning can also include listening to a book on tape, attending a seminar, or just reading a book.
Spending time each day learning may not seem to mean a lot but consider this: the days add up in a year. For example consider that Jack and Jane are friends. The difference between them is Jane spends time each day (about twenty minutes) learning something new regarding business or investing. Each year that goes by, Jane increases her knowledge by over 100 hours compared to Jack and assuming she learns one thing …
Read more articles on Business Ideas and Entrepreneur.
Written by Marc on May 5th, 2007
The average sale price of a home in Saskatoon jumps 10% in the past month. The average sale price for a home jumped from $200,938 CDN in March to $220,862 CDN in April.
This return brings the return on real estate in Saskatoon to an annualized 32%.
The price increase is mainly due to an increased demand of local buyers purchasing bigger houses, ex-Saskatchewan residents moving back to the province, and interest from investors in western Canada.
Asking price has increased 26% on FSBO (for sale by owner) website saskhouses.com. The average listing price for April 2007 was $243,343 CDN compared to April 2006 average of $192,853 CDN.
Note: The average sale price of a home is affected by both the number of homes sold and the sale price. For example, if a few highly priced homes are sold in a month, it can skew the numbers …
Read more articles on Saskatoon Real Estate.
Written by Marc on May 1st, 2007
Whether you are from Canada or not, and you are looking into investing in real estate here, you need quality information in front of you. Perhaps you are not familiar with the housing prices in Saskatoon or how much a retirement condominium will cost you in Victoria.
Royal LePage is a great resource whether you are an investor or just looking for your next home. They publish a quarterly report about Canadian housing prices. This can be invaluable information that can help you decide what cities in Canada would fit in your price range for investment properties.
There is also some detail on the estimated property taxes as well as the monthly rental rate you could expect. They cover seven property types including townhouses, condominiums and bungalows.
The reports are free and you can get them in any Royal LePage branch or at their …
Read more articles on Real Estate Investing and Real Estate Resources.