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Monday, March 2, 2009
Real Estate Get Rich Seminars: Caveat Emptor!!
Good Morning Folks!
Caveat Emptor!!
Recently, many of my clients have been asking my opinion of one or more recent ads they encountered regarding real estate investment seminars that are being offered to the public...,
In a nutshell, I first advise them to I N V E S T I G A T E, that is, do DUE DILIGENCE!!
I will blog various responses to specific offerings as time goes on but, first, BEFORE rushing to judgement about the merits of one or more of these offerings, I would like to ask you all to first start by contemplating the following excerpt from Wikipedia, the free encyclopedia:
"A get-rich-quick scheme is a plan to acquire high rates of return for a small investment. Most such schemes promise that participants can obtain this high rate of return with little risk.
Most get-rich-quick schemes also promise that little skill, effort, or time is required. They often assert that wealth can be obtained by working at home. Legal and quasi-legal get-rich-quick schemes are frequently advertised on infomercials and in magazines and newspapers. Illegal schemes or scams are often advertised on the Internet through spam or cold calling. Some forms of advertising for these schemes market books or compact discs about getting rich quick rather than asking participants to invest directly in a concrete scheme.
It is clearly possible to get rich quickly if one is prepared to accept very high levels of risk — this is the premise of the gambling industry. However, gambling offers the near-certainty of completely losing the original stake over the long term, even if it offers regular wins along the way. Economic theory states that risk-free opportunities for profit are not stable, because they will quickly be exploited by arbitrageurs. Nevertheless, many people long for wealth, and find these schemes appealing..."
The very last sentence here captures the basic reason for the recent proliferation of these ads, and as the economy worsens, you will encounter more and more of them, some of them very creative, and some of them even offering you to coach others seeking wealth (when you yourself are in pursuit of some of this wealth!!) The rationale is that you can become wealthy by "coaching" others to become wealthy!!
Wow! Did you ever imagine "coaching" to be such a potentially lucrative and simple field to master?
The empirical evidence in the field of coaching belies this, and those who have any insight into the field of human behavior management (for example, true coaching of one form or the other) understand that this idea of lucrative and simple coaching is foolhardy and lack any evidence in the world of real coaching! Yet, many members of the public are pursuaded to pay good money up front for this type of seminar which promises big big money later!!!!
Again "caveat emptor"!
This is the beginning of your FREE coaching from me..... More later!
To further explore the merits of various real estate seminars and other real estate related issues, return to this blog from time to time, or contact me right away for ANY info your heart may desire!!
Your real estate coach!
Oliver Teekah, M.A.
Real Estate Broker
Mortgage Broker
416 566 7653
www.HotPropertyBuy.com
www.RockBottomMortgageRates.com
Caveat Emptor!!
Recently, many of my clients have been asking my opinion of one or more recent ads they encountered regarding real estate investment seminars that are being offered to the public...,
In a nutshell, I first advise them to I N V E S T I G A T E, that is, do DUE DILIGENCE!!
I will blog various responses to specific offerings as time goes on but, first, BEFORE rushing to judgement about the merits of one or more of these offerings, I would like to ask you all to first start by contemplating the following excerpt from Wikipedia, the free encyclopedia:
"A get-rich-quick scheme is a plan to acquire high rates of return for a small investment. Most such schemes promise that participants can obtain this high rate of return with little risk.
Most get-rich-quick schemes also promise that little skill, effort, or time is required. They often assert that wealth can be obtained by working at home. Legal and quasi-legal get-rich-quick schemes are frequently advertised on infomercials and in magazines and newspapers. Illegal schemes or scams are often advertised on the Internet through spam or cold calling. Some forms of advertising for these schemes market books or compact discs about getting rich quick rather than asking participants to invest directly in a concrete scheme.
It is clearly possible to get rich quickly if one is prepared to accept very high levels of risk — this is the premise of the gambling industry. However, gambling offers the near-certainty of completely losing the original stake over the long term, even if it offers regular wins along the way. Economic theory states that risk-free opportunities for profit are not stable, because they will quickly be exploited by arbitrageurs. Nevertheless, many people long for wealth, and find these schemes appealing..."
The very last sentence here captures the basic reason for the recent proliferation of these ads, and as the economy worsens, you will encounter more and more of them, some of them very creative, and some of them even offering you to coach others seeking wealth (when you yourself are in pursuit of some of this wealth!!) The rationale is that you can become wealthy by "coaching" others to become wealthy!!
Wow! Did you ever imagine "coaching" to be such a potentially lucrative and simple field to master?
The empirical evidence in the field of coaching belies this, and those who have any insight into the field of human behavior management (for example, true coaching of one form or the other) understand that this idea of lucrative and simple coaching is foolhardy and lack any evidence in the world of real coaching! Yet, many members of the public are pursuaded to pay good money up front for this type of seminar which promises big big money later!!!!
Again "caveat emptor"!
This is the beginning of your FREE coaching from me..... More later!
To further explore the merits of various real estate seminars and other real estate related issues, return to this blog from time to time, or contact me right away for ANY info your heart may desire!!
Your real estate coach!
Oliver Teekah, M.A.
Real Estate Broker
Mortgage Broker
416 566 7653
www.HotPropertyBuy.com
www.RockBottomMortgageRates.com
Saturday, February 28, 2009
5year Fixed term now 3.9% through Oliver Teekah !
Yes folks!
Get preapproved NOW on the fantastic 5yearfixed rate @ 3.9%... when you buy a home through Oliver Teekah (www.hotpropertybuy.com).....
This rate is guaranteed for all homes closing in the next 90 days, so ACT NOW!
Oliver Teekah, Broker
416 566 7653
Get preapproved NOW on the fantastic 5yearfixed rate @ 3.9%... when you buy a home through Oliver Teekah (www.hotpropertybuy.com).....
This rate is guaranteed for all homes closing in the next 90 days, so ACT NOW!
Oliver Teekah, Broker
416 566 7653
Friday, February 20, 2009
www.RockBottomMortgageRates.com
Feb 19 2009
The 5year Fixed rate @ 3.9% (a dream mortgage) is reality NOW! Apply below today!!!
Rock Bottom Mortgage Rates are coming folks! Get 5year fixed @3.9% today when you buy your home through Oliver Teekah, Mortgage Broker
Watch prime fall below 3% and start heading towards 2.5% in a matter of weeks!
Sorry big banks..... but smart mortgage consumers will perk up once again, especially should they take the variable rate product which is so nicely tied to prime! Watch the trend folks and do what savvy real estate investors are doing! MINIMIZE YOUR CARRYING COSTS, BUILD EQUITY, AND REDUCE OVERALL PRINCIPAL AND INTEREST WHEN THE INTEREST RATE IS LOW LOW LOW!!!
Imagine a firt-time buyer getting a mortgage of $300,000 for less than $1300 a month!
(principal and interest included)
Go variable rate and watch for latest developments on www.hotpropertybuy.com (MORTGAGE NEWS)! www.HotPropertyMississauga.com (Mortgage News)
For more info, or to get preapproved with a 120-day commitment, contact me at
www.centum.ca/Oliver_Teekah
Oliver Teekah
Mortgage Broker
Direct Line 416 566 7653
For preapprovals,apply direct at : www.centum.ca/Oliver_Teekah
The 5year Fixed rate @ 3.9% (a dream mortgage) is reality NOW! Apply below today!!!
Rock Bottom Mortgage Rates are coming folks! Get 5year fixed @3.9% today when you buy your home through Oliver Teekah, Mortgage Broker
Watch prime fall below 3% and start heading towards 2.5% in a matter of weeks!
Sorry big banks..... but smart mortgage consumers will perk up once again, especially should they take the variable rate product which is so nicely tied to prime! Watch the trend folks and do what savvy real estate investors are doing! MINIMIZE YOUR CARRYING COSTS, BUILD EQUITY, AND REDUCE OVERALL PRINCIPAL AND INTEREST WHEN THE INTEREST RATE IS LOW LOW LOW!!!
Imagine a firt-time buyer getting a mortgage of $300,000 for less than $1300 a month!
(principal and interest included)
Go variable rate and watch for latest developments on www.hotpropertybuy.com (MORTGAGE NEWS)! www.HotPropertyMississauga.com (Mortgage News)
For more info, or to get preapproved with a 120-day commitment, contact me at
www.centum.ca/Oliver_Teekah
Oliver Teekah
Mortgage Broker
Direct Line 416 566 7653
For preapprovals,apply direct at : www.centum.ca/Oliver_Teekah
Thursday, February 19, 2009
Should I buy now or wait... first-time buyer's dilemma
If you are a first-time buyer, the answer to this is simple!
If you can afford to, buy NOW!.
My reasons are multiple:
House values are still holding strong in most areas of the GTA in the price range that most first-time buyers buy. Yes, this target group of homes IS holding strong, especially those with income potential via basement apartments or similar potential (an extra bonus for first-time buyers or even others seeking to have their mortgage paid down as soon as possible)
Second, mortgage rates are now low low low....
You can now borrow $300,000 and pay under $1300 a month mortgage if you take one of the best mortgage products available today from most reputable lenders! This amount compares favorably with paying RENT !! (that is, compared to NO homeownership in your immediate future for as long as you sit on the fence)
Third,history is on your side! Owning a home has proven to be one of the best long term strategies for any first-time buyer, since time began! The sooner you start, the more equity you build up over time (instead of paying rent and building up your landlord's equity!)
Fourth, and at least 99 more reasons, recent economic trend analyses point in your favour!
For more detailed decision-making analyses, including cost-benefit analyses, tax benefit analyses, and other investment analyses, simply call me! Save your time and call me 'for 1-stop shopping'. I can meet with you in the Mississauga area within 1 or 2 days of your initial request. Take ACTION now!
Oliver Teekah, M.A.
Broker
416 566 7653 (or email: info@hotpropertybuy.com)
If you can afford to, buy NOW!.
My reasons are multiple:
House values are still holding strong in most areas of the GTA in the price range that most first-time buyers buy. Yes, this target group of homes IS holding strong, especially those with income potential via basement apartments or similar potential (an extra bonus for first-time buyers or even others seeking to have their mortgage paid down as soon as possible)
Second, mortgage rates are now low low low....
You can now borrow $300,000 and pay under $1300 a month mortgage if you take one of the best mortgage products available today from most reputable lenders! This amount compares favorably with paying RENT !! (that is, compared to NO homeownership in your immediate future for as long as you sit on the fence)
Third,history is on your side! Owning a home has proven to be one of the best long term strategies for any first-time buyer, since time began! The sooner you start, the more equity you build up over time (instead of paying rent and building up your landlord's equity!)
Fourth, and at least 99 more reasons, recent economic trend analyses point in your favour!
For more detailed decision-making analyses, including cost-benefit analyses, tax benefit analyses, and other investment analyses, simply call me! Save your time and call me 'for 1-stop shopping'. I can meet with you in the Mississauga area within 1 or 2 days of your initial request. Take ACTION now!
Oliver Teekah, M.A.
Broker
416 566 7653 (or email: info@hotpropertybuy.com)
Go Variable Rate! Prime now 3% and falling!
Yes.... For most of you, VARIABLE rate is the preferred option!!!
With prime sinking below 3% soon, this option saves you thousands of dollars in interest and principal payments compared to almost any other mortgage product option available in Canada today..
For more info, contact
Oliver Teekah
416 566 7653
With prime sinking below 3% soon, this option saves you thousands of dollars in interest and principal payments compared to almost any other mortgage product option available in Canada today..
For more info, contact
Oliver Teekah
416 566 7653
Saturday, February 14, 2009
Wednesday, January 14, 2009
Renewing your mortgage or getting a new mortgage: CAUTION!
Posted Jan 15 2009
Do not be tempted by low 5year fixed rate terms! Consider a variable rate term with the best rate you can negotiate with your lender! Of course, all the major lenders have stopped offering the Prime minus discount product of 2008 (for example it was possible to get Prime -.75% to Prime -1.00% in 2008)... but now the lenders have all colluded to STOP this great product.... can u imagine?!!! Little wonder the big banks see their profits rising!!!
Of course prime is now 3.5% and for those who followed my advice in this blog last year and took the Prime minus discount product of 2008, you are now paying a beautiful rate of 2.5% to 2.75% until your term expires!!! Hopefully many of you took the full 5 year term and this will take you to 2013 paying these beautiful rates!!!!!!!
Now, for 2009, here is my recommendation, take a 5year closed variable term for the lowest rate you can get a lender to offer you... N E G O T I A T E with them aggressively! Remember, prime will continue to fall given world market trends, and you will be the beneficiary!
If enough of you assert your negotiating powers, then we may be able to see the big lenders wake up and start to be fair and equitable with consumers! Remember: NEGOTIATE..... do not be tempted by fixed term products! And remeber to read all the fine print before you sign! Caveat Emptor!
For more info, and for real estate advice in general, contact Oliver Teekah , M.A.
Direct Line: 416 566 7653
Oliverteekah.com hotpropertybuy.com or www.hotpropertymississauga.com
Broker, Re/Max Realty Specialists Inc. 905 272 3434
Do not be tempted by low 5year fixed rate terms! Consider a variable rate term with the best rate you can negotiate with your lender! Of course, all the major lenders have stopped offering the Prime minus discount product of 2008 (for example it was possible to get Prime -.75% to Prime -1.00% in 2008)... but now the lenders have all colluded to STOP this great product.... can u imagine?!!! Little wonder the big banks see their profits rising!!!
Of course prime is now 3.5% and for those who followed my advice in this blog last year and took the Prime minus discount product of 2008, you are now paying a beautiful rate of 2.5% to 2.75% until your term expires!!! Hopefully many of you took the full 5 year term and this will take you to 2013 paying these beautiful rates!!!!!!!
Now, for 2009, here is my recommendation, take a 5year closed variable term for the lowest rate you can get a lender to offer you... N E G O T I A T E with them aggressively! Remember, prime will continue to fall given world market trends, and you will be the beneficiary!
If enough of you assert your negotiating powers, then we may be able to see the big lenders wake up and start to be fair and equitable with consumers! Remember: NEGOTIATE..... do not be tempted by fixed term products! And remeber to read all the fine print before you sign! Caveat Emptor!
For more info, and for real estate advice in general, contact Oliver Teekah , M.A.
Direct Line: 416 566 7653
Oliverteekah.com hotpropertybuy.com or www.hotpropertymississauga.com
Broker, Re/Max Realty Specialists Inc. 905 272 3434
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