Let’s say, you purchased a property of $750,000 today with 20% down-payment ($150,000) and got mortgage financing at 1.35%. If your property grew at 5% annually, you’ll have a total equity of $461,631 after 5 years!!! If it grew at just 3% annually, you’ll have a total equity of $373,876.
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 $917,090.
This is the power of real-estate. Whether you are a new investor or an experienced one, 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 investment property – get your foot in the door. It opens up a new stream of income and wealth-creation to fund your future. Moreover, the equity that you build in this property can become the gateway to your future investment properties.
Both Shailender Sharma(Real-estate agent) 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:
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