Oakmar Group

🏡 Property Investment Pros
📈 Sharing Expert Tips & Market Insights📚
Free Resources & Guides 👇

[Oakmar Group @OakmarGroup]

🏡 Understanding the First-Time Home Buyer Incentive in Canada. 🇨🇦 A THREAD 👇

[Oakmar Group @OakmarGroup]

5 Myths Debunked:

• Investing in rental property is not as risky as you think
• Your city may not be as expensive as you think
• You have more resources than you think
• Timing is always right when you're prepared
�� Landlords don't set rent prices, the market does

[Oakmar Group @OakmarGroup]

New federal ban on non-Canadians buying homes for 2 yrs may hurt PEI's immigrant retention rate & rental options. The ban aims to control housing prices but could have uncertain impact on the already-cooling market. #housingmarket #immigration #PEI #Canada

[Oakmar Group @OakmarGroup]

What are your 3 go-to's when screening prospective tenants out of these?

• Income
• Employment history
• Credit report
• Eviction notices
• Criminal history report
• Public records
• Rental History
• References

[Oakmar Group @OakmarGroup]

RE/MAX Canada reported strong first quarter results, revenue up 16% year-over-year & net income ($55M) up 20% year-over-year. The company attributed the strong results to a number of factors: a strong housing market, a growing agent network, & increased investment in technology.

[Oakmar Group @OakmarGroup]

Canadian real estate market may have bottomed out as RBC Economics reports increase in activity and prices in major markets. Despite affordability concerns, low inventory levels and the end of price corrections could sustain or extend April's gains. https://t.co/bxGZxV4IfY

[Oakmar Group @OakmarGroup]

If you're considering real estate investing, remember that forming an LLC isn't the first step.

You can purchase a property in your name and transfer the title to a business name later on using a quit claim deed.

This typically costs $150 and is a normal part of the process.

[Oakmar Group @OakmarGroup]

Today: Warren Buffett showed little sympathy for commercial RE owners facing losses due to tightened credit. He attributed the issue to borrowing on 100% margin & expects downtown hollowing. As remote work dims the outlook for office properties, the risk of a credit crunch rises.

[Oakmar Group @OakmarGroup]

Calgary's luxury market is healthy despite declining sales due to low inventory. Sotheby's report shows sales down 36% YoY but still 223% higher than Q1 2020. Demand from out-of-town buyers from Ontario continues to drive the market. https://t.co/q4BPICcwEP

[Oakmar Group @OakmarGroup]

If you're thinking about investing in real estate, don't skip the research!

One of the biggest mistakes is jumping in without doing your homework. Before you buy, make sure you look into the market, tax liabilities, & neighbourhood. Know what you're getting into.

[Oakmar Group @OakmarGroup]

Canada's inflation to drop to 3% by mid-2023, services price inflation to return to 2% target. Higher interest rates could slow down demand for expensive properties. Canadians prefer short-term amortization periods and variable rates. Listen to podcast: https://t.co/FZD51ZOzTN.

[Oakmar Group @OakmarGroup]

Today RBC’s economists announced predictions: tough economic times ahead. Unemployment may climb to 6.6% by Q1 2024, and mortgage insolvencies could spike by almost 30% in 3 years. Financial Band-Aid of pandemic support measures peeling off. However, all out collapse, unlikely.

[Oakmar Group @OakmarGroup]

@TdotCanuck This looks like it’s a stock photo.

[Oakmar Group @OakmarGroup]

Your landlord is not your enemy; they can be an experienced partner and mentor waiting to be asked for help, even if they may not be the brightest.

[Oakmar Group @OakmarGroup]

New Canadian federal rules ban non-Canadians from buying houses for 2 years, affecting PEI's new immigrants. The aim is to stop foreign investors from driving up prices, but its impact on the already-cooling housing market is uncertain. https://t.co/Y2HjGJHsDp

[Oakmar Group @OakmarGroup]

7️⃣ 🎓 Conclusion: Improving your negotiation skills can significantly impact your investment success. Prepare, establish rapport, be flexible, master active listening, maintain composure, and know when to walk away to secure favorable deals for your investment portfolio.

[Oakmar Group @OakmarGroup]

🤝 How to Improve Your Real Estate Investment Negotiation Skills. A THREAD 👇

[Oakmar Group @OakmarGroup]

6️⃣ 🚶 Know When to Walk Away: Recognize when a negotiation has reached an impasse or when terms are not favorable. Knowing when to walk away prevents costly mistakes and maintains a strong reputation.