Let’s say, you purchased a property of $750,000 today with minimum down-payment ($50,000) and got mortgage financing at 1.35%. If your property grew at 5% annually, you’ll have a total equity of $355,900 after 5 years!!! If it grew at just 3% annually, you’ll have a total equity of $268,150.
In 2020, the average selling price of properties in Toronto increased by 13.5%. Such growth, if sustained for 5 years, would have given you an equity of $811,350.
This is the power of real-estate. Whether you are a first home buyer or an experienced investor, real-estate can be the pathway to enviable riches. Do a quick research today and see how many millionaires in the world have created their wealth from real-estate.
All it takes, though, is to get your first property – get your foot in the door. As a first home buyer, this helps you stop paying rent & start building equity. For investors, your first investment property opens up a new stream of income and wealth-creation to fund your future.
Both Abhi Trivedi (Real-estate broker) and Mohit Masand (Mortgage Agent) have been in the industry for a while. They would like to introduce you to the various avenues of creating wealth with real-estate and ways for financing your purchase/s.
We’d cover the following topics in this webinar:
Mohit Masand is an experienced mortgage agent, who has helped over 505 mortgage clients over the course of his career. By that virtue, he understands various mortgage situations and their potential solutions. He’s also the recipient of Dominion Lending Centre’s Sales Achievement Award for the last 3 consecutive years.
Abhi Trivedi is a highly successful real-estate broker.