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 October 1st, 2007
As I write this article, the Canadian dollar is worth more than the American dollar. In fact, it is at its’ highest level since the late 1970s.
What does this mean for us as Canadians?
One word: Opportunity.
Consider that the American housing market is in turmoil and people are being forced to foreclose on their houses because they can no longer afford them. This housing crunch has put downward pressure on housing prices, making it a great buying opportunity.
For example, looking at a real estate auction site based out of the U.S., for under $100,000 US I can buy a four unit property that brings in just under $20,000 US per year. Looking up here in my community of Saskatoon, the best I can do for $100,000 CDN I can buy a house that is in a poor neighborhood that rents for about $7,200 CDN per year. …
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Written by Marc on September 12th, 2007
Numbers have come in the the past week for real estate sales in August in Saskatoon. The average price rose to $253,240 from $161,921 just one year ago. This number is slightly higher than July and a new record for the city.
This trend is expected to continue into the fall when residents try to move into their new houses before the snowfall. Also, with the continued interest from out of town investors, many realtors expect the housing prices to continue on their upward trend.
How does this benefit you?
If you are a real estate flipper, you can see increased returns on your investment. It is also a great time to get rid of some of your poor performing investment properties and sell them at a premium.
As a investment buyer, don’t get caught up in the hype. Remember to leave your emotions at home and make decisions based …
Read more articles on Saskatoon Real Estate.
Written by Marc on September 6th, 2007
Yesterday, while driving down the road, I came across an interesting sign. It was a sign from a local commercial leasing company who was offering to build whatever building you needed, provided you leased it. Now, you might wonder what was so interesting about this, but one of the items on the sign caught my eye: rental.
Now, I may have read the sign wrong, as I would expect to see “retail” on the sign. That aside though, it did give me a good idea – leasing rental properties.
I am not thinking of this in the traditional sense where you get your tenants to sign a lease for X amount of months. Rather I am thinking of it from this perspective – leasing the whole building to someone who will rent it out to tenants.
This may not be viable for all rental units, but larger apartment complexes should …
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Written by Marc on August 17th, 2007
It seems that it has been almost a month since I have written here. It is not that I don’t have anything to say, rather it is because I have been busy that this site has not been updated. What have I been doing that is so important that I don’t update the blog? Read on and see…
Basically for the last month I have been working on a blueprint to get me out of work. You see, my children are getting old (my oldest is just starting kindergarten) and I feel like I am missing their lives. I miss doctor’s appointments, concerts, volunteering at school and church and many other things that just plain suck. So, in essence, my blueprint’s goal is to get me out of working a real job so that I can spend some more time with my children, as well as work on this 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 …
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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 …
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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 …
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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.