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Michael Arthur: February 2019 Real Estate Ezine

 
February, 2019
News From Michael Arthur

A lot of people have been asking me which neighbourhoods in Ottawa are affordable to buy a home.

Below is some interesting information about which neighbourhoods are ranked in terms of home affordability based on the minimum household income required to purchase a home.

It is important to keep in mind that the home prices for each neighbourhood in the map are average purchase prices for all types of homes. These average home prices do not reflect which specific types of homes are cheaper or expensive to buy. These numbers provide you with an idea about the home price trends throughout various neighbourhoods in the Ottawa area. Therefore, it is best to speak to a realtor to find out actual sale prices of specific types of homes in neighbourhoods you would like to buy and live in.

What do you think about these numbers and rankings?

You are welcome to share this article with people who you know that may benefit from this information. 


                                    
Best regards,

Michael B. Arthur
 

Quote of the Month


– Grant Cardone
 


A Laugh or Two for Good Measure!

Watch the Wash, Dad…

I decided to make myself useful and do a load of the family laundry.

When I took the clothes out of the machine, I discovered

to my dismaythat I had also washed the watch my wife had given me while we were dating.

“Don’t expect me to replace it,” she said later with an obvious lack of sympathy.

By the time Father’s Day rolled around, however, she had relented and gave me

a beautiful new watch. Attached was a note with this stipulation: “DRY CLEAN ONLY!”

**********************

MSW?!

(Mom say what?!)

Daughter: I got an A in Chemistry.

Mom: WTF!

Daughter: Mom, what do you think WTF means?

Mom: Well That’s Fantastic.

**********************

Hush, Little Actuary

An accountant is having a hard time sleeping and goes

to see his doctor.

“Doctor, I just can’t get to sleep at night,” he says.

“Have you tried counting sheep?” asks the doctor.

“That’s the problem. I make a mistake and then spend three hours trying to find it.”

 
 


Helpful Life Hacks and Cartoon
of the Month
       
 

Leverage
          One of the reasons I like real estate as an investment (as opposed to mutual funds, stocks, bonds, GIC’s, etc.) is because we can take advantage of LEVERAGE.  Let me give you an example.  Let’s say you wanted to buy $500,000 worth of gold.  How much would that cost you?  If you said $500K, you’re absolutely right! 

   Now let’s say we want to buy a $500,000 duplex – how much will that cost us?  $500K?   Nope. 
   We can buy that property with just a 20% downpayment ($100K) and the bank will finance the other 80% ($400K).  We use a little bit of money in order to own a LOT of real estate. 

   Now here’s where it gets really exciting… Let’s say the property increases in value by 4%.  That would be a $20,000 increase in value.   $20K on a $500K investment is pretty good… However, because we LEVERAGED our money, we are actually making a $20,000 return on our $100,000 downpayment.  That’s a 20% return on our cash invested! 

   That’s the POWER of LEVERAGE, and that’s one of the BIG benefits of investing in real estate vs. most other options out there.
 

About Michael Arthur:

Who are we? Creative Real Estate Ventures is a real estate investment company. We have been actively involved in Ottawa area real estate investing for a number of years. Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves. It is truly a win-win-win way of investing!

And if you are ready to find out more about our investment program, I invite you to contact me directly, and I will be happy to show you exactly how it works, either in person, by phone, or on-line.

You can email me at:
michael@michaelbarthur.com
or give me a call at 1-613-618-4082