Dec 15, 2022
Summary:
Looking for your next investment opportunity? Whether you live
within or outside Canada, there is a Canadian based investment
opportunity with high potential for profit, and Matthew Ablakan
comes on the show to inform us about it. Matthew exhibited an
entrepreneurial spirit growing up, and bought his first
pre-construction property at just 19 years old. This launched him
into a full time career as an entrepreneur, and he created the
Millennial’s Choice Group to assist clients with real estate,
mortgages, insurance, and education. Although interest rates are
rising in the U.S. and Canada, Matthew highlights the profitability
of investing in pre-construction properties in Ontario, especially
given that interest can be written off. Listen in to hear more
about the business that Matthew has built, and to learn how he is
generating cash flow from every unit.
Highlights:
-There is a deal available for Americans looking to invest in a
Canadian product that has high potential for profit
-Matthew was very entrepreneurial as a teenager. He attended
university to study law, and bought his first pre-construction
condo at 19 years old
-Matthew recommends a backwards approach, bringing an
education-based strategy to sales
-US interest rates and Canadian interest rates are going up. Will
this impact sales? With the way that the tax structure is set up,
you write off your interest as an investor.
-In Ontario, a lot of land is under the conservation
authority—meaning it cannot be developed.
-The cost of construction keeps rising, and Ontario has invested
millions of dollars towards new trades, and will be welcoming more
immigrants in the next few years. Big developers are holding out to
launch projects. This still limits supply, and it’s best to
position yourself now
-All of Matthews expenses are being paid, and he is still
generating cash flow from every unit
Useful Links:
Financial Survival Network
Millennial's Choice
Free E-book