Brian Dagenais: June 2018 Real Estate Ezine

 
June, 2018
News From Brian Dagenais

About the month of June:

June is the sixth month of the year in the Julian and Gregorian calendars and one of the four months with a length of 30 days.  June in the Northern Hemisphere is the seasonal equivalent to December in the Southern Hemisphere and vice versa.  In the Northern hemisphere, the beginning of the meteorological summer is 1 June. In the Southern hemisphere, the beginning of the meteorological winter is 1 June.

June is known for the large number of marriages that occur over the course of the month. According to one etymology, June is named after Juno (Hera). Juno was the goddess of marriage and a married couple's household, so some consider it good luck to be married in this month.

 
Quote of the Month 
 “Landlords grow rich in their sleep.” 
- John Stuart
 
A Laugh or Two For Good Measure!
"Grandpa, why don't you have any life insurance?"

"So you can all be really sad when I die."



A nice old lady on a bus offers the driver some peanuts. He’s happy to take some and, munching, asks her why she isn’t having any herself.

“Oh, young man,” she says, “they’re too hard on my poor teeth, I couldn’t.”

“Why buy them at all then?” wonders the driver.

“You see, I just love the chocolate they’re covered in!”
 
Helpful Life Hacks & Cartoon of The Month
       
 

Why Invest In Real Estate?

          If you are like most people, the idea of riding the stock market ‘roller coaster’ makes you feel a little queasy.  The highs can be a lot of fun, but the lows really give you a kickin’ (and there seem to be a lot more lows than highs for most investors).

         While real estate also follows a cycle, it tends to be a much more gradual one.  Investing in revenue properties offers us limited immunity from fluctuation

         This means that you don’t tend to see the massive ups and downs of the stock and commodity markets.  It’s a much gentler ride, and tends to provide very solid returns on investment over the long run.  This is another reason I prefer real estate investing over other kinds of investments.
 
About Brian Dagenais:

Who are we?  BrianDagenais.com is a real estate investment company. We have been actively involved in Ottawa area real estate investing for a number of years.  Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves.  It is truly a win-win-win way of investing!
 

And if you are ready to find out more about our investment program, I invite you to contact me directly, and I will be happy to show you exactly how it works, either in person, by phone, or on-line.


You can email him at:
This email address is being protected from spambots. You need JavaScript enabled to view it.
or give him a call at 1-613-614-1098

Brian Dagenais: May 2018 Real Estate Ezine



May, 2018

News From Brian Dagenais

About the month of May:

May is the fifth month of the year in the Gregorian Calendar and one of seven Gregorian months with the length of 31 days. It is also a month within the northern season of spring.  May is a month of autumn in the Southern Hemisphere and spring in the Northern Hemisphere. Therefore May in the Southern Hemisphere is the seasonal equivalent of November in the Northern Hemisphere and vice versa.  The month May was named for the Greek goddess Maia, who was identified with the Roman era goddess of fertility, Bona Dea, whose festival was held in May.

 
Quote of the Month 
“Real estate investing has created more millionaires than any other form of investing because of its many advantages.  Whether you are investing for cash flow or capital gains…”  
- Robert Kiyosaki
 
A Laugh or Two For Good Measure!
I‘ve decided to run a marathon for charity. I didn’t want to do it at first, but apparently it’s for blind and disabled kids so I think I’ve got a good chance of winning.
*****************************

Dentist: "You need a crown."
-
Patient: "Finally someone who understands me"
 
Helpful Life Hacks & Cartoon of The Month
        
 

Why Invest In Real Estate?

          If you are like most people, the idea of riding the stock market ‘roller coaster’ makes you feel a little queasy.  The highs can be a lot of fun, but the lows really give you a kickin’ (and there seem to be a lot more lows than highs for most investors).

         While real estate also follows a cycle, it tends to be a much more gradual one.  Investing in revenue properties offers us limited immunity from fluctuation

         This means that you don’t tend to see the massive ups and downs of the stock and commodity markets.  It’s a much gentler ride, and tends to provide very solid returns on investment over the long run.  This is another reason I prefer real estate investing over other kinds of investments.
 

About Brian Dagenais:

Who are we?  BrianDagenais.com is a real estate investment company. We have been actively involved in Ottawa area real estate investing for a number of years.  Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves.  It is truly a win-win-win way of investing!
 

And if you are ready to find out more about our investment program, I invite you to contact me directly, and I will be happy to show you exactly how it works, either in person, by phone, or on-line.


You can email him at:
This email address is being protected from spambots. You need JavaScript enabled to view it.
or give him a call at 1-613-614-1098

Brian Dagenais: April 2018 Real Estate Ezine

 
 
April, 2018

News From Brian Dagenais

About the month of April:

April is the fourth month of the year in the Gregorian calendar, the fifth in the early Julian and one of four months with a length of 30 days.  April is commonly associated with the season of spring in the Northern hemisphere and autumn in the Southern hemisphere, where it is the seasonal equivalent to October in the Northern hemisphere and vice versa. April is the second rainiest month of the year (after July).

 
Quote of the Month 
“Real estate cannot be lost or stolen, nor can it be carried away. 
Purchased with common sense, paid for in full, and managed
with reasonable care, it is about the safest investment in the world.” 
- Franklin D. Roosevelt
 
A Laugh or Two For Good Measure!
Two guys are out hunting in the woods when one of them collapses. He doesn’t appear to be breathing, his eyes are glazed over. The other man pulls out his phone with trembling fingers and calls 911. He gasps, "My friend is dead! What can I do?" 

The operator says "Please stay calm. I will help you. First of all, let's make sure he's dead." There’s a silence, then a gun shot. The guy gets back on the phone and says "OK, now what?"
 
Helpful Life Hacks & Cartoon of The Month
     
 

Why Invest In Real Estate?

          If you are like most people, the idea of riding the stock market ‘roller coaster’ makes you feel a little queasy.  The highs can be a lot of fun, but the lows really give you a kickin’ (and there seem to be a lot more lows than highs for most investors).

         While real estate also follows a cycle, it tends to be a much more gradual one.  Investing in revenue properties offers us limited immunity from fluctuation

         This means that you don’t tend to see the massive ups and downs of the stock and commodity markets.  It’s a much gentler ride, and tends to provide very solid returns on investment over the long run.  This is another reason I prefer real estate investing over other kinds of investments.
 

About Brian Dagenais:

Who are we?  BrianDagenais.com is a real estate investment company. We have been actively involved in Ottawa area real estate investing for a number of years.  Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves.  It is truly a win-win-win way of investing!
 

And if you are ready to find out more about our investment program, I invite you to contact me directly, and I will be happy to show you exactly how it works, either in person, by phone, or on-line.


You can email him at:
This email address is being protected from spambots. You need JavaScript enabled to view it.
or give him a call at 1-613-614-1098

Brian Dagenais: March 2018 Real Estate Ezine



March, 2018

News From Brian Dagenais

About the month of March:

March - is the third month of the year in both the Julian and Gregorian calendars. It is one of seven months that are 31 days long. In the Northern Hemisphere, the meteorological beginning of spring occurs on the first day of March.  The March equinox on the 20th or 21st marks the astronomical beginning of spring in the Northern Hemisphere and the beginning of autumn in the Southern Hemisphere, where September is the seasonal equivalent of the Northern Hemisphere's March.

 
Quote of the Month 
 “A funny thing happens in real estate.  When it comes back,
it comes back up like gangbusters.” 
- Barbara Corcoran
 
A Laugh or Two For Good Measure!
Little Johnny asks his father: 
"Where does the wind come from?"
-
"I don't know."

"Why do dogs bark?"
-
"I don't know."
-
"Why is the earth round?"
-
"I don't know."
-
"Does it disturb you that I ask so much?"
-
"No son. Please ask. Otherwise you will never learn anything."
 
Helpful Life Hacks & Cartoon of The Month
      
 

Buy on sale

           If you went in to your stock broker and said “Hey, I’d like to buy $100,000 worth of Apple Stock, but only if they’ll give me a 10% discount” – what do you think would happen?  After your broker stopped laughing, he or she would explain that it doesn’t work that way.  What the stock is trading for is what you’re going to have to pay.  Take it or leave it.

   Real estate on the other hand is much more flexible.  It is quite common to be able to get a $10K, $20K or even $50K or more DISCOUNT off the asking price of a property.  All that’s required is a bit of knowledge, some negotiation skills, and simply ASKING for it!

   Getting a bargain on what I buy is another reason I love real estate over almost any other kind of investment out there.
 

About Brian Dagenais:

 

Who are we?  BrianDagenais.com is a real estate investment company. We have been actively involved in Ottawa area real estate investing for a number of years.  Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves.  It is truly a win-win-win way of investing!
 

And if you are ready to find out more about our investment program, I invite you to contact me directly, and I will be happy to show you exactly how it works, either in person, by phone, or on-line.


You can email him at:
This email address is being protected from spambots. You need JavaScript enabled to view it.
or give him a call at 1-613-614-1098

Brian Dagenais: February 2018 Real Estate Ezine



February, 2018

News From Brian Dagenais

Canadian Real Estate Worth Billions Seized By Chinese Government

China may decide to liquidate some of the assets it seized from insurance giant Anbang.

Better Dwelling: One of China's largest overseas buyers just had its operations seized by the government. The China Insurance Regulatory Commission (CIRC), a state-run regulator, has officially begun prosecution of Wu Xiaohui, the former CEO of Anbang. The process has led the government to seize control of the assets "temporarily," placing billions of dollars of Canadian real estate in the hands of the Chinese government. Oh yeah, and the Chinese government may be deciding which assets need to be liquidated.

CEO prosecuted, company seized by government

Early Friday morning, the CIRC announced that Wu would be prosecuted on suspicion of "economic crimes." CIRC will take over the company for a period of at least one year, to "protect" Anbang's consumers. This builds on a previously announced strategy, where the government formed committees to "resolve risks at a few problem companies in an orderly and controllable manner." The regulator notes that the company is "basically stable." At least one buyer is already in talks to bid for some of Anbang's assets.
 

Read the whole story of this article on this link below:
http://www.huffingtonpost.ca/2018/02/26

 

Want to know what I’m up to? Check out:

Blacksheepdevelopments.com

Briandagenais.com

Briandagenaisproperties.com

 

All the best!

Brian Dagenais

 
Quote of the Month 
“If you’re not going to put your money in real estate, where else?” 
- Tamir Sapir
 
A Laugh or Two For Good Measure!
Q: What do politicians and diapers have in common? 
-
A: Both should be changed regularly, and both for the same reason.
*****************************

Doctor says to his patient: 
"You have Cancer and Alzheimer."
-
Patient: "At least I don't have Cancer."

 
Helpful Life Hacks & Cartoon of The Month
                
 

Leverage

    One of the reasons I like real estate as an investment (as opposed to mutual funds, stocks, bonds, GIC’s, etc.) is because we can take advantage of LEVERAGE.  Let me give you an example.  Let’s say you wanted to buy $500,000 worth of gold.  How much would that cost you?  If you said $500K, you’re absolutely right! 

   Now let’s say we want to buy a $500,000 duplex – how much will that cost us?  $500K?   Nope. 
   We can buy that property with just a 20% downpayment ($100K) and the bank will finance the other 80% ($400K).  We use a little bit of money in order to own a LOT of real estate. 

   Now here’s where it gets really exciting… Let’s say the property increases in value by 4%.  That would be a $20,000 increase in value.   $20K on a $500K investment is pretty good… However, because we LEVERAGED our money, we are actually making a $20,000 return on our $100,000 downpayment.  That’s a 20% return on our cash invested! 

   That’s the POWER of LEVERAGE, and that’s one of the BIG benefits of investing in real estate vs. most other options out there.
 
About Brian Dagenais:

 

Who are we?  BrianDagenais.com is a real estate investment company. We have been actively involved in Ottawa area real estate investing for a number of years.  Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves.  It is truly a win-win-win way of investing!
 

And if you are ready to find out more about our investment program, I invite you to contact me directly, and I will be happy to show you exactly how it works, either in person, by phone, or on-line.


You can email him at:
This email address is being protected from spambots. You need JavaScript enabled to view it.
or give him a call at 1-613-614-1098

Brian Dagenais: January 2018 Real Estate Ezine

 

January, 2018

News From Brian Dagenais


Happy 2018 to each and everyone. I truly hope that 2017 was a good year for you and here’s hoping that 2018 will be even better. I think that’s what most of us hope for in our lives; that each month, each year is a little better than the last. Of course, life often gets in the way and throws us curve balls. We plan and expect those curve balls from time to time but when they do happen, they often create unexpected challenges no matter how prepared we think we are. I am no different. I can’t get into all the details but I’m going to expose myself in such a way that would make most people uncomfortable but if it helps someone in the process, it will have been worth it. At the end, I’ll tie everything in such a way that illustrates just how powerful investing in real estate can be….

Nearly 5 years ago my marriage ended. The reasons are unimportant; what is important is that for most people, the breakdown of a marriage can cause profound economic challenges to both partners. Housing costs all of a sudden double as one partner moves out; sometimes the matrimonial home is sold and often there’s lots of fighting over what remains. One or both partners usually experience a dramatic and in many cases, long lasting decline in their standard of living.

Nearly 3 years ago, my employment situation changed in a profound way. I went from working for someone else for nearly 25 years, to the first time in my life, working for myself. It was only partially planned. For many who experience this, it can be painful as you reposition yourself and attempt to adjust to an income that may be substantially less than you’re used to and much more unpredictable.

Nearly 3yrs ago, I had a baby. He was beautiful and amazing and nothing less than a joy to be around but as everyone knows, babies and kids are expensive. Griffin, was no different. Bless his heart!

As you can see, life threw me three curve balls. And while, I sit here some 5yrs later from my first big curve ball and look back with some amusement over how things have turned out; I am very thankful for many things in my life but specific to my financial well-being, it is my real estate portfolio that managed to see me through these events. While it is true that I experienced a decline in my standard of living after the breakdown of my marriage, it was minor and temporary; and while it was true that transitioning from traditional employment to entrepreneur/self-employed made me a little nervous at times, it was the best economic decision I could have made.

Real estate and only real estate has allowed me to create the life I want; it has given me a level of control over my financial life that gives me nothing but comfort. I am not dependent on having a good boss, I am not dependent on riding a hot streak in the stock market and I am not dependent on some corporation for my well-being. It is not easy. In fact, it is more difficult than most traditional jobs, but the control, the satisfaction and the opportunities it presents me ensures I’d never trade it in for anything in the world. That is what I hope to impress upon you today—money doesn’t buy happiness but it can give you choice in life. There’s nothing worse than being boxed in, whatever it is—not to have choice in this world; that’s an uncomfortable feeling I wouldn’t wish on anyone. I am grateful that real estate has afforded me that—choice in my life.
 
But real estate is not easy. It requires a high degree of knowledge and skill in order to navigate through challenges and opportunities. That is what I do. I work for myself and others to wade through waters that may be murky from time to time. My goal is never to put your money at risk; to work with a level of integrity that gives you peace of mind and to create a result that you can enjoy; a result that is rarely offered to people through other more traditional investing routes.
 
Ask me how? For those who know me well, I am passionate about what I do. I like to work with others who together can achieve a better result than if we work apart.

Want to know what I’m up to? Check out:
 
Blacksheepdevelopments.com
Briandagenais.com
Briandagenaisproperties.com


All the best!
 
Brian Dagenais
 

 
Quote of the Month 

“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.”
-Theodore Roosevelt
 

 
A Laugh or Two For Good Measure!
I was in a restaurant once and I suddenly realized I desperately needed to pass gas. The music was really, really loud, so I timed my reliefs to the beat of the music. After just a few songs I started to feel better. I finished my coffee, and noticed that everybody was staring at me... That was when I remembered I was listening to my iPod.

 
Helpful Life Hacks & Cartoon of The Month
       
 

Control

         One of the reasons I like real estate as an investment (as opposed to mutual funds, stocks, bonds, GIC’s, etc.) is that it is something that I can exercise much more CONTROL over.  When buying a revenue property, I can choose the market I want to invest in (right down to the neighborhood, or even the street I want to buy in).  I can choose the type of property I want to buy (i.e. single family home, multi-family property, etc.).  I choose the condition of the property I want to buy.  I have some control over how much I pay for the property (prices and/or terms are negotiable).  I then choose what I want to do with the property once I own it.  While I own it, I exercise control over how the property is managed and maintained.  And last, but not least, I can choose from a variety of different exit strategies when I am ready to sell it.  With traditional investments, the only control you exercise is when you buy and when you sell. 
 

About Brian Dagenais:
 

Who are we?  BrianDagenais.com is a real estate investment company. We have been actively involved in Ottawa area real estate investing for a number of years.  Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves.  It is truly a win-win-win way of investing!
 

And if you are ready to find out more about our investment program, I invite you to contact me directly, and I will be happy to show you exactly how it works, either in person, by phone, or on-line.


You can email him at:
This email address is being protected from spambots. You need JavaScript enabled to view it.
or give him a call at 1-613-614-1098

Brian Dagenais: December 2017 Real Estate Ezine

 
 
December, 2017

News From Brian Dagenais


Does that mean Montreal Rd is broken and unfixable?


I will stand with the very few that would call this span of Montreal Rd, an area of Ottawa that is ripe for more traditional development and an area that presents itself as a great opportunity for the “right thinking” investor and someone with patience. Opportunities in Real Estate often occur when an imbalance arises—and as Mr. Buffet says—when people are fearful. Whether that imbalance is an imbalance of information or too much of a good or too much of a bad thing; Montreal Rd clearly shows this imbalance. Despite its proximity to downtown, Montreal Rd struggles badly with boarded up shops, too many “for sale” signs and weak economic performance. Despite having very walkable streets with the “artisian” street lamps, the paver stone extra wide sidewalks and prime zoning, Montreal Rd still struggles. Despite its proximity to the most densely populated area of Ottawa, Montreal Rd still struggles. Despite large swaths of Vanier doing quite well, Montreal Rd still struggles over this relatively tight span. Should investors and landlords be running from this area as fast as their legs can carry them? That’s a decision for you to make. I think differently.

I believe that beyond “location, location, location,” the bigger truth and more important consideration in Real Estate is that it’s a copy-cat business. I suppose most of what goes on in our life could be described that way—how do you know you have a good idea? Because most certainly if it is a good idea, it will get copied. In Real Estate, that’s actually a good thing. I started off early in this piece talking about communities that were undergoing gentrification. Gentrification is, in itself, a form of copying that slowly creates a wave of positive momentum. No one knows exactly when it started or exactly how but we all recognize that it did start. And that’s how I see this span of Montreal Rd—it’s an economic and investment opportunity for the brave and the bold who seek to view this issue from a contrarian point of view.

If one were to believe that yes, real estate is a copy-cat business and yes, opportunities are often born out of imbalances of some sort; then does it stand to reason that strategic purchases of some of the “for sale” properties and cold calls to the tired landlords on the street with chronic vacancies and underperformance presents itself as a great opportunity? I’ll let you be the judge…


 Brian Dagenais

 

 
Quote of the Month 
“Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.” 
- Marshall Field
 
A Laugh or Two For Good Measure!
After many years of studying at a university, I’ve finally become a PhD… or Pizza Hut Deliveryman as people call it.
*****************************

I can’t believe I forgot to go to the gym today. That’s 7 years in a row now.
*****************************

I’ve no home, I haven’t got control, I can’t see any escape. Way past the time I got a new keyboard.
 
Helpful Life Hacks & Cartoon of The Month
  
 

Supply & Demand

          Do you remember the ‘tickle me Elmo’ craziness from a few years back?  It was the hottest toy for Christmas, and people stood in line for hours to get one.  People were able to sell those dolls for 10X what they paid for them.  Why?  Simple supply and demand.  The supply was low, the demand was high – so the price reflected it.

   The same is true for real estate.  There is a serious shortage of rental properties available in many areas, and that leads to low vacancies.  Low vacancies mean we can charge higher rents, and increase our profits and the values of our properties.  And the beautiful thing about real estate is that it fills a true need.  People always need shelter – in good times and in bad times.  I love real estate because there is a built in demand.
 
 

About Brian Dagenais:

Who are we?  BrianDagenais.com is a real estate investment company. We have been actively involved in Ottawa area real estate investing for a number of years.  Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves.  It is truly a win-win-win way of investing!

And if you are ready to find out more about our investment program, I invite you to contact me directly, and I will be happy to show you exactly how it works, either in person, by phone, or on-line.


You can email him at:
This email address is being protected from spambots. You need JavaScript enabled to view it.
or give him a call at 1-613-614-1098

Brian Dagenais: November 2017 Real Estate Ezine



November, 2017

News From Brian Dagenais

 

Sticking One’s Neck Out As A Contrarian

As a full-time investor and real estate entrepreneur for nearly 20 years, I often look back at key moments in my Real Estate career and wonder what would have happened had I made a different choice. While I can say with 100% confidence that I haven’t always made the right decision at these moments, I have equal confidence that I chose the right path more often than not. I think what has helped me more than anything is a quiet stubbornness and an ability to listen to the background noise, but keep its effect to a minimum. I’ll let you in on a little secret—whether you’re a small or a large investor, a CEO of a large multinational or are in charge of running a lemonade stand, there will always be background noise; and I believe that those who spend too much time listening to it, will most certainly struggle with achieving any measure of success.

When I first started out in real estate, I was very deliberate in where I wanted my first property located. I believe that in most of the larger Canadian cities, the best place to own residential multi-family property is as close to the downtown core as possible without actually being in the downtown. Secondly, I believe the best strategy is to buy in areas that are beginning to gentrify or at the very least, exhibit all the signs of gentrification in the near future. This ran completely contrary to every single piece of real estate advice I got from family, friends, colleagues and agents. I had chosen just about the worst neighbourhood to invest in anywhere in the city of Ottawa. The background noise was so deafening, I decided to buy 3 properties. Warren Buffet, and I’m sure he’s not the only one, often is quoted as saying be fearful when others are greedy and greedy when others are fearful. In other words, I think he would believe that the masses are almost always wrong; or at least mostly wrong. Interestingly enough, I’ve read more than enough articles on human psychology that suggests many people are ok with being wrong as long as there are people in their circle that are more wrong or many others that were equally wrong. 

Fast-forward to present day and that very first property I bought back in 2000, has nearly quadrupled in value, my second property bought some 16 years ago has more than tripled and so on and so on. My rents have far exceeded the city average for more than a decade now. I point this out not to show that I am smart, merely that I am stubborn. I don’t listen to the masses. I can say with certainty that in this country, Toronto and Vancouver are considered the places to invest in real estate; and they are, they are world class cities with amazing opportunities. But there exist other opportunities in other cities that might surprise investors with some excellent returns. More to the point, too many investors reach out to me with little understanding as to how real estate works asking me to find them a Toronto-based real estate opportunity—like a flip; anything Brian that will make me a fast 50% return in 6 months. I gently turn them down and recognize that they’re looking to ride a hot streak, a wave of success built not on a solid business plan or model for long term success but rather, they’re simply looking to do what is popular and have an investment that they can brag about around the water cooler on Monday morning.

When people ask me about residential and commercial real estate in particular, I tell them they should talk to their financial advisor first; since most of these people are strangers or acquaintances at best to me; I don’t know their individual risk profile nor long term goals. I do say that when it comes to commercial opportunities that look interesting from my perspective, I look to a mega-contrarian street barely 2km from the downtown core, that being Montreal Rd. Ask anyone that knows anything about the city of Ottawa. Nearly unanimous, people would describe Montreal Rd, specifically the span that starts about 500 meters west of St. Laurent Blvd and heads west up to the Cummings Bridge, they would describe it as a mess. Filled with sex shops, tattoo parlours, payday loan sharks, pot shots, graffiti, hookers, petty and more serious crime and drugs galore. I would argue that it has more in common with a street found in Detroit or Newark as opposed to our Nation’s Capital. Politicians might call it socially and economically challenged and scratch their head as to why; residents might call it a disgrace; business owners, a disappointment. Situated in the community of Vanier, a community with a history of being socially and economically challenged in the past; but the key word here is past. Nowadays, large swaths of Vanier have been redeveloped and revitalized to create a more inclusive, friendlier and much safer community. The Vanier of today, particularly the north portion, is filling itself with young urban professionals, students from Ottawa U, immigrants and migrants who see the community as diverse, convenient and slowly acquiring the amenities of a good community. It stands out as somewhat peculiar that Montreal Rd has resisted and repelled the good efforts of the community at large. 

Brian Dagenais

 
Quote of the Month 
Real estate investing, even on a very small scale,
remains a tried and true means of building an individual’s
cash flow and wealth."
- Robert Kiyosaki
 
A Laugh or Two For Good Measure!
Mother, “How was school today, Patrick?”
Patrick, “It was really great mum! Today we made explosives!”
Mother, “Ooh, they do very fancy stuff with you these days. And what will you do at school tomorrow?”
Patrick, “What school?”
My wife’s cooking is so bad we usually pray after our food.
 

Helpful Life Hacks & Cartoon of The Month

       
 

Capital Gains

       How would you like an investment where not only can you make a great return on your money, but you also pay less taxes on your profits?  That’s what happens with real estate.  When it comes to the capital gains you make on your properties, you are only charged tax on ½ of it.  Compare that to interest you generate in a savings account… first of all, it’s miniscule and secondly, you are going to get whacked with taxes on the full amount that you earned

Another big PLUS on the side of real estate as an investment.
 

About Brian Dagenais:

Who are we?  BrianDagenais.com is a real estate investment company. We have been actively involved in Ottawa area real estate investing for a number of years.  Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves.  It is truly a win-win-win way of investing!

And if you are ready to find out more about our investment program, I invite you to contact me directly, and I will be happy to show you exactly how it works, either in person, by phone, or on-line.


You can email him at:
This email address is being protected from spambots. You need JavaScript enabled to view it.
or give him a call at 1-613-614-1098


Brian Dagenais: October 2017 Real Estate Ezine

 
 
 
October, 2017

News From Brian Dagenais

 Buying Mismanaged Real Estate Assets

The following is a scenario that is cropping up more and more with my clients and with those who have recently reached out to me asking for input on a potential real estate or business deal. I thought it might be helpful to others to put into writing my thoughts on the subject…

As a value investor when it comes to buying real estate, I find it imperative to constantly remind my clients and myself, for that matter, to stay disciplined and keep emotions in check. Easier said than done; and that includes yours truly. As a value investor for more than 17yrs, it is extremely difficult to “run the numbers,” remove emotion from the equation and come up with what you feel is a fair and genuine offer only to see a frustrated seller huff and puff and say…”well I need to sell it for X because I need the money to pay off [fill in the blank] or for another investment.”

A property is worth what it’s worth based on what it is and the market conditions. It is not based on what one needs to pay off a bill or fund another project or what one hopes to get for that matter. Equally frustrating are situations where the asset was doing well before the current owner purchased it and whether through misfortune or incompetence, the current owner has driven the property/business into the ground and yet, fails to recognize this error. And of course, he still insists on making a profit from his sale even though there is no logical argument to say that he should.

How do you combine professionalism, persuasion and frankness in order to make the seller see that you’re not trying to put the shaft to him? In reality, it is the owner himself through mismanagement that that is clearly the holder of said shaft.I must admit I’ve struggled with some recent “value” purchases in bridging that gap between what I feel is fair market value and the owner’s desire to sell high. It’s understandable why an owner will hold out for as long and as strongly as possible; I think it only human nature for one facing a substantial loss not wanting to see it crystalized . In each of the last three deals, my clients and I were looking at properties that carried a lot of excellent potential for some pretty cool projects; projects that would likely get noticed by more than a few inside and outside the industry and more importantly, all three had great profit potential. That being said, the risks and efforts to make these properties work was/is substantial. In all three cases, we’re talking about multi-year projects with substantial soft and hard costs. And in all three examples, the current owner had contributed in various ways to the decline of the property.

It can be very disheartening for an eager investor with a cool and profitable project staring him in the face, being told by his advisor to hold firm and be prepared for a failed deal. That being said, surely it’s far better to deal with that disappointment than to overpay for an investment that might add a decade to the return on investment due to a rash offer.

I must say I continue to work on my negotiation and communication skills with the hope of being able to bridge those gaps in the future. I continue to hold out hope that each of these three deals might be resurrected. I also continue to find new and creative ways to bridge these gaps by creating different structures and agreements that allow for the current owner a second chance at turning around their investment all the while giving up a portion of his business/property in return for this new lease on life. Unfortunately, we haven’t bridged that gap—yet!

In the end, I will continue to instruct my clients and anyone else who seeks my advice to be disciplined; there’s always another property or business to buy and a disciplined purchase based on cold hard numbers rather than emotions and a competitive drive not to lose (auction fever syndrome) out on a price that plays more to your ego than your brain. And of course, I will try my utmost to follow my own advice for my own purchases

 

Brian Dagenais

 
Quote of the Month 
“Real estate is the best investment in the world because it is the only thing they’re not making anymore.” 
– Will Rogers
 
A Laugh or Two For Good Measure!
Patient: "What do you mean, 10? 10 what? Months? Weeks?!"
Doctor: "Nine…Eight…Seven…"

---
Q. What is the difference between a snowman and a snowwoman?
A. Snowballs.
 
Helpful Life Hacks & Cartoon of The Month
      
 

Why Invest In Real Estate?

          If you are like most people, the idea of riding the stock market ‘roller coaster’ makes you feel a little queasy.  The highs can be a lot of fun, but the lows really give you a kickin’ (and there seem to be a lot more lows than highs for most investors).

         While real estate also follows a cycle, it tends to be a much more gradual one.  Investing in revenue properties offers us limited immunity from fluctuation

         This means that you don’t tend to see the massive ups and downs of the stock and commodity markets.  It’s a much gentler ride, and tends to provide very solid returns on investment over the long run.  This is another reason I prefer real estate investing over other kinds of investments.
 


About Brian Dagenais:


Who are we?  BrianDagenais.com is a real estate investment company. We have been actively involved in Ottawa area real estate investing for a number of years.  Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves.  It is truly a win-win-win way of investing!

And if you are ready to find out more about our investment program, I invite you to contact me directly, and I will be happy to show you exactly how it works, either in person, by phone, or on-line.


You can email him at:
This email address is being protected from spambots. You need JavaScript enabled to view it.
or give him a call at 1-613-614-1098