Author Archives: Sonja Skye

How To Get Rich Quick Investing in Real Estate

First of all, if you are hoping to start investing in real estate with this goal in mind, chances are you will fail.  Everyone wants to get rich quick and take shortcuts to get there but the reality is, the higher the rewards, the higher the risk, the more likely to lose money and then get…

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3 Things that make a good Real Estate Investment

Investing in Real Estate can be quite profitable with the right investment.  3 things to look for when first starting out to look at investment properties include looking at properties that are low risk, provide cash flow and are located in appreciating areas.   Low Risk When first starting out to invest in real estate,…

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How to buy rental property and have tenants want to unclog their own toilets!

One of the reasons many turn away from investing in real estate is the fear of having to deal with tenants and spend time unclogging toilets.  Although this may the experience some real estate investors have there are real estate strategies available that will not only minimize having to do repairs on rental properties but…

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3 Things Holding you back from Becoming Rich.

3 things that may be holding you back from building wealth are fear, education and procrastination. Fear When it comes to doing something new there is always a fear of failure.  Most people will agree that to create true wealth you need to do something that will bring in passive money such as owning your…

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3 Tips for First Time Homebuyers

Understand your buying power.  Before going out to look at properties you should get a copy of your credit score and determine how much cash you have for a down payment and closing costs, and how much financing you qualify for.  It is best to get a preapproved mortgage before starting to look at homes.…

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3 Tips For First Time Real Estate Investors

Work with a Realtor that is also an investor.  Often people will use a friend or family member as their realtor.  If you are looking at an investment property it is best to use someone that has experience in purchasing and managing their own investment property.  That experience is invaluable when it comes to getting…

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Is Now The Time to Invest in Real Estate?

Holding off buying real estate in the hopes that prices may go down?  According to statistics released by the Canadian Real Estate Association (CREA), this doesn’t  seem to be in the forecast for the near future. CREA’s Chief Economist said “Prices continue to rise in Ontario and British Columbia, where listings are either in short…

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Financial Planning for Home Ownership & Building Wealth

Financial planning is about assessing your current financial picture, setting your financial goals and identifying changes needed to reach these goals.    Goals need to be realistic and attainable with a timeframe given to each goal.   This is an important step to put yourself in control of your money and your life. Your financial picture is…

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Experience Life in Your “Dream Home” Before You Buy!

In today’s world most of us want to be able to try something before we actually buy it. Before we buy a car, we want to sit in it and take it for a test drive. Before we buy a gym membership, we want to go to the club a couple times and check it…

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Rent To Own Book Coming Soon

Find out exactly how to not only save a small fortune in rent, but to become a real estate investor sooner than you ever imagined with “Stop Renting, Start Saving: A How-To Guide For First Time Home Buyers & Real Estate Investors” by Sonja Skye.  Sonja is the leader in Rent To Own Wealth in…

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