News From Lea and Lefry
It’s getting colder and colder each day and with that comes more covid 19 cases. As the Canadian government has said, we are now entering the second wave. This coming Thanksgiving day, there are so many things we can be thankful for despite all the restrictions and we hope you get to enjoy this holiday safely.
For us, we are very thankful that we got to celebrate our son’s second birthday even in a simple way. What is important is that we celebrated his birthday as a complete family in a beautiful lake view cottage. It feels like yesterday that we welcomed Luke in to this wonderful world and it always amazes us how fast he is growing. He is our reason why we work hard now so we can spend most of our time with him in the future. It is our goal to be with him in all of his important milestones.
When we first got engaged, we had a goal to buy a house together and thought of it as our best investment for our future children. But when we started to financially educate ourselves, we were both surprised to learn that our primary home is actually considered as a liability. Growing up, we hear our parents, uncles and aunts to invest in a house instead of renting as it will be the best investment we can own. In financial world, if your living in your own house, paying for a mortgage and all the bills, your money is just flowing out of your bank. So in reality, you are actual not gaining financially in your own home. It only becomes an investment when you sell your home.
Some people will ask, what if my house is fully paid off? That wouldn’t be a liability anymore, right? Nope! Even if you’ve paid off your home, you are still responsible for paying all the bills, home insurance and property taxes and that would be for a life time. The best question would be, how can I turn my primary home into a money earning home? What you might not know is that you could actually be sitting in an untapped sleeping money that could have been working for you. One way is to convert your basement and turn it into a legal basement apartment. But this is not for everyone, some are uncomfortable with the thought of sharing their private home to tenants and those who are inexperienced landlord might get a lot of headaches from bad tenants.
Another way is to use the equity of your home and invest it to an income generating property. This way you are leveraging your home and this allows you to acquire many investment properties in the future which will increase your passive income over time and help pay off all your bills from your primary home. This is not an easy path though, as this comes with a lot of work and responsibilities as an owner and a landlord and will take a lot of your time. This is where we come in. We are committed to help those who want to achieve their financial stability by helping and guiding them invest in income generating properties without them having to deal with all the headaches related to investing in those properties.
Our Real Estate update: In the past month, we have been working with our commercial mortgage broker and commercial realtors, and have been searching for great opportunities in multifamily properties and constantly running the numbers. We have also welcomed our new property manager who’s amazing and lovely to work with, our tenants are happy to have her. We just also finished our 14 day asset management summit where we learned so much from acquisition stage to maintaining the properties and finding ways to optimize profits during the pandemic.
As we move forward to the colder days we wish you all good health and happiness. Have a Happy Thanksgiving!
5 Reasons Why Real Estate Is a Great Investment
Real estate is a great investment for many reasons. You can enjoy an excellent rate of returns, amazing tax advantages and leverage real estate to build your wealth. Here are the top five reasons why real estate is a great investment.
Real estate provides better returns than the stock market without as much volatility.
Historically in real estate, your risk of loss is minimized by the length of time you hold on to your property. When the market improves, so does the value of your home, and as a result, you build equity. The risk never changes in the stock market and there are numerous factors beyond your control that can negatively impact your investment. Real estate gives you more control of your investment because your property is a tangible asset that you can leverage to capitalize on numerous revenue streams, while enjoying capital appreciation.
About Lea and Lefry:
Lea and Lefry Amarille are real estate investors. They have been actively involved in the GTA and Durham Region real estate investing for a number of years. Their mission is to provide great quality homes for tenants, while at the same time providing an above-average return on investment (R.O.I) for their investor partners and themselves. It is truly a win-win-win way of investing!
Lea and Lefry offer their investor partners hands-free investment opportunities. If you are interested to learn how to earn an above-average return on your investment, backed by a solid asset, and without a hassle of being a landlord, please contact Lea and Lefry.
For more information about Lea and Lefry and their investment program,
please call (416) 827-0586. or visit https://investorleaandlef.com/