Page 8 - BEST MAGAZINE Winter 2019-2020

4
ECONOMY AND FINANCE
How To Be Unstoppable in 2020
Real Estate is the key of success
BY FRANCISCO GARZÓN
Anew year and a new decade mean many opportunities and great moments to set new objectives and goals. For many
families it is the right time to think big and look for challenges that will shape a prosperous economic future. A strategy supported in real estate investment is to have more than just a roof over your head or a nice house. It is to build equity and save money that in the near future will bring peace of mind.
This year the strategy that Francisco Garzón TEAM will set is focused on education and action. Here we want to present the three pillars covering the three moments that any family has in the cycle of prosperity:
• First Time Home Buyers
• Move Uppers (former First-time
home buyers)
• Investors – time to put the money
from working towards making more money
It is time to buy your first home (First time Home Buyers)
The Millennials and newcomers are the target market for this group of first-time real estate buyers. You must understand why is important to step up and invest. It comes with great feeling of prosperity and it is the right step to start saving money and building equity. Some topics to be reviewed are:
• First time Home Buyers Plan
• Current Government Plans
• Closing Cost and Minimum down
payment
• How much money will the bank
lend?
• Stop paying rent and paying your
landlord’s investment property
Move Uppers - time to move up!
All things evolve, people’s jobs, the value of properties and economic facts. Families will growth and needs change. The best way to continue building equity is to get a bigger investment in real estate. After three to five years in your entry level home is time to start moving ahead and moving up.
• Your first home equity is your leverage to skip to the next level
• How much money will the bank lend?
• The best investment is your home residence – tax free
• The step before starting to invest
• The cost versus benefits analysis
Building your retire plan - time to invest!
Divide and conquer is true in real estate. In the meantime, your home residence is tax free investment, your second and following investments will pay themselves and gain value, it is only a matter of time. The important issue is to start, jump into the investment trend and put your money towards making more money.
• Your residential home equity is your leverage and your investment properties will leverage your next investment.
• How much money will the bank lend?
• Guiding Principles to start in Real Estate Investing
• Becoming and landlord/leasing management
• Capital Gain - Income - Taxes - Key issues
• Reviewing different kind of Options and the risks involved
Please feel free to reach out to me to set a personal meeting or feel free to register for our series of seminars to francisco@ fgteam.ca Together we can have a very prosperous 2020!
8 THE BEST MAGAZINE WINTER 2019-2020
WWW.THEBESTGROUP.CA
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