『The Sylvia Ho Podcast - Clients' Mortgage Stories』のカバーアート

The Sylvia Ho Podcast - Clients' Mortgage Stories

The Sylvia Ho Podcast - Clients' Mortgage Stories

著者： Sylvia Ho
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 Are you looking to secure your future and live the life that you want? Join host Sylvia Ho for in-depth interviews with clients who embarked on the road to building wealth with Sylvia’s Just One More Property (J.O.M.P) Program. You’ll learn the strategy of investing in real estate and hear about our clients’ experience of becoming first-time investors. Interested in learning more about Sylvia's J.O.M.P (Just One More Property) propgram? Visit www.justonemoreproperty.ca Learn more about Sylvia's services: www.sylviaho.ca©2024 Sylvia Ho Mortgages 個人ファイナンス 社会科学 経済学
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  • Investing in Retirement

    Investing in Retirement
    2022/05/06
    Sylvia Ho talks with Filomena who, along with her husband, is utilizing the J.O.M.P program to finance the purchase of a rental property and future retirement home in Florida. Filomena shares how the challenges she initially expected to face were not as difficult as expected with Sylvia’s assistance.Filomena and her husband John have been married for 20 years and have two kids aged almost 14 and 12. After recently paying off the mortgage on their current home in Toronto, they began to wonder how they could tap into the value of that home and grow their assets. Sylvia confirms that the equity in owned homes can lead to opportunity to buy investment properties, which is exactly what Filomena did.While Filomena loves the Toronto area, she and her husband decided to explore property options in Miami Beach, Florida. She cites the beautiful weather as a deciding factor but also shares that a key thought behind Florida is to secure a place for future retirement. Something to invest in now that will also present a place to retire when they’re ready. Filomena’s advice to listeners is not to be afraid but to arm yourself with information and not assume that difficulty with a first property will lead to difficulty with a second.  To Get in Touch with Sylvia Ho | Mortgage Edge Agent 1 | LIC #10680 FSCO# M08003923: schedule a call | facebook | linkedin | youtube | instagramInterested in learning more about Sylvia's J.O.M.P (Just One More Property) program? Visit www.justonemoreproperty.caLearn more about Sylvia's services: www.sylviaho.ca— TranscriptionSylvia Ho  00:00Thank you so much for coming on, Filomena. Tell me a little bit about yourself.Filomena  00:05So I'm married, now coming on 20 years, believe it or not. 45. I have two kids aged almost 14 and 12. We're kind of at the point of our lives where we just finished paying off a mortgage and thought, how can we tap into that value somehow? And how can we make our assets grow? I mean you start to think about retirement - figure now's the time, and that's what's prompted us to pursue this strategy.Sylvia Ho  00:33Beautiful, beautiful. So what were you looking for when you first came to me?Filomena  00:37I was looking to find out what our financing options were. How to tap into the equity that's in our home.Sylvia Ho  00:43Right, right. Equity just sounds like a foreign word because people just don't understand what the word equity is. I have my definition of equity. What do you think equity means to you?Filomena  00:52My net worth.Sylvia Ho  00:53Yeah. You know what they say a lot of Canadians, their biggest asset is sitting in their floorboards. Right? And that floorboard is not making you any money. So right now you're looking to use that money that's sitting in your house to make more. Did you think that you could ever own another property?Filomena  01:09Originally I thought, given the housing market in Toronto, I thought it would be very difficult. But given how it's taken off of late, I started to realize, hey, there's potential there that we can kind of harness that growth and get another property as well. So did I think I could 20 years ago? No, but I'm starting to see my view has changed.Sylvia Ho  01:30Okay, beautiful. You're one of those clients that are like, hey, Sylvia, I don't want to buy in the Toronto area. What are you and your husband thinking of buying right now?Filomena  01:37We are thinking of buying in Miami Beach, believe it or not. We've done quite a bit of traveling over the years, and there's always lovely places that you want to go and see. But it was unique to us, because it was very much like Toronto, which we love, except it's got nice weather year round. And that's what attracted us. And plus the entry levels to get into the real estate are a little bit more attractive than they are here. And so we thought that, you know, why not combine investment property with what we hope will ultimately be a place that we can go and spend part of our retirement in. So that was the plan.Sylvia Ho  02:13Wow. Beautiful, beautiful. It's definitely warmer down there than up here. So where are you in the process right now in regards to the J.O.M.P. program? And what kind of obstacles are you facing?Filomena  02:23The obstacle we're facing right now is contrary to what I thought. I thought it would take a long time to sort of line up the financing, and all the legals and all the logistics, that part's actually been - thanks to you - quite easy. The challenge we're having is supply, we have our hearts set on a particular type of property - number beds, number bath - and for us right now the challenge has been a supply in those type of properties. There just isn't a lot right now. Trying to balance being patient with being afraid that what little there is there would be scooped up. So that's been the challenge for us.Sylvia Ho  02:56Right, right. Right. And then so your realtor down in Florida, what are they saying? Like ...
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    7 分
  • Understanding Debt with Armel

    Understanding Debt with Armel
    2022/05/06
    Sylvia Ho welcomes Armel to the podcast to talk about the purchase of his first investment property and the differences between bad debt and good debt. Armel and his wife are young, motivated, and analytical, and Armel shares how he dove into researching finance and learned to view debt differently ahead of his real estate investment. Armel shares with Sylvia that a lot of his “why” in terms of the J.O.M.P Program and investment is his family. He and his wife share a very strong set of values and had a lot of conversations about what would be right to propel their young family forward and when the right time would be to do it. Armel says he leveraged information from online, from Kiyosaki books, from friends, and from his passion for knowledge to prepare for the action he wanted to take.Sylvia learns that Armel views his residence property as a more emotional purchase but the investment property as exactly that: investment. He appreciated that Sylvia was someone who could understand his direct questions about interest, mortgage, equity, and the more mathematical reasons behind his choice. Armel has great insight into debt, how to view and differentiate types of debt, managing your property, and why “just do it, take action” is his advice to anyone considering the J.O.M.P Program and real estate investment.Resources mentioned in this episode:Robert KiyosakiTo Get in Touch with Sylvia Ho | Mortgage Edge Agent 1 | LIC #10680 FSCO# M08003923: schedule a call | facebook | linkedin | youtube | instagramInterested in learning more about Sylvia's J.O.M.P (Just One More Property) program? Visit www.justonemoreproperty.caLearn more about Sylvia's services: www.sylviaho.ca— TranscriptionArmel  00:00Just do it. Visualize, think about it, measure it, make a decision that you thought through, that you're comfortable with and just do it. Just act, action it, and you'll see the benefits once you're on the other side. It's challenging, but I think that is where the value is. It must be challenging, it must be a learning opportunity for it to be fruitful for you, to take care of it.Sylvia Ho  00:23Hey, friends, have you ever wondered how you can pay off your mortgage faster? Or maybe you'd like to help your kids get into the real estate market. Or better yet, retire with some passive income? Well, you're in the right place. Welcome to the Sylvia Ho Mortgage Podcast. My name is Sylvia. I'm here to teach you how to achieve your goals simply by owning just one more property.Sylvia Ho  00:45Hey, everyone, its Sylvia here. Welcome to the J.O.M.P. Podcast. Today we have Armel here who just purchased his first investment property out in the Ottawa area. And his advice is about good debt versus bad debt. His advice talks about, you know, how his mindset changed from, you know, having debt is actually a good thing. And how he did his research and how he read books and educated himself. His biggest advice is just do it. For Armel his big why in getting into the J.O.M.P. Program and buying his first real estate investment property is for his family. If you're interested in getting into the J.O.M.P. Program, all it takes is 15 minutes, go to SylviaHo.ca and book a time with me. And let's chat. And let's work out some numbers and see if this is for you.Sylvia Ho  01:36Hey everyone, we're here joined by Armel. He just closed on his first rental property. Armel, how do you feel?Armel  01:44I feel great. I feel like it was a great accomplishment for me and my family. And it's exciting as to the whole opportunity to learn new things, a new challenge, and I look forward to it.Sylvia Ho  01:59Beautiful. Now why did you want to do this in the first place? You guys are pretty young, right? You guys just had your little one, you guys are pretty young. Most of my clients are between 45 to 55. Like, talk to me, like, why did you guys want to do this?Armel  02:13Exactly because we are young. Now, you know, these are earning years. These are, you know, the beginning of your peak years, the ability to to propel yourself is much more likely now. So we wanted to start early. We wanted to look back when we're 40, 45, 50 having taken the opportunities early so that you make it the time to enjoy much more free time time together in the years when we don't have the capacity to work so hard.Sylvia Ho  02:46Right. Right, right, right. Now, you guys did all the hard work, right? Like, the only way we were able to do this is because you already own a property. Right? And you guys are very successful at your careers. So talk to me about, you know, the whole J.O.M.P. Program. A lot of people are scared because they're like, what, you want me to go into more debt? Like, how does that make sense, Sylvia. So talk to me, how did that make you feel when I first introduced it to you?Armel  03:13You know what, my eyes kind of lit up because you were speaking a language that I understood. Both my wife and I, we invest a lot of time learning, ...
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    26 分
  • Setting Kids Up for Future Real Estate Success with Roy and Hayden

    Setting Kids Up for Future Real Estate Success with Roy and Hayden
    2022/05/06
    Sylvia Ho talks with Roy and Hayden about purchasing their first investment property and how  they changed their minds about real estate investment. She discusses the opportunity the J.O.M.P Program opened for Roy and Hayden, their motivating desire to ensure secure futures and real estate opportunities for their three children, and invest in a comfortable retirement for themselves.Roy came to Sylvia as the one most reluctant to buy additional properties. He admits he viewed their two existing properties as having a lot tied up in them, hadn’t had the best experiences, and really was of the mindset that their debt should be paid off before additional investments were considered. After he and Hayden attended Sylvia’s seminar, they saw more opportunity in working with a broker instead of the banking institutions both are employed by. With one new property in Calgary to their name, they have plans to buy two more and have encouraging words for anyone discouraged by banks and financial institutions about the potential with a broker.Roy and Hayden are very encouraged about the equity they will be building with new real estate investments and see great opportunity now to buy property that can add to their positive cashflow and set their kids up for futures in real estate. With one son in university, a daughter headed there shortly, and another child in high school, they understand the market will not be easy for their kids and feel less concerned about having the means to help them out now. Sylvia encourages listeners to take Roy’s advice about starting in on real estate investment as early as possible. Roy and Hayden share very practical advice about their journey in this important episode.  To Get in Touch with Sylvia Ho | Mortgage Edge Agent 1 | LIC #10680 FSCO# M08003923: schedule a call | facebook | linkedin | youtube | instagramInterested in learning more about Sylvia's J.O.M.P (Just One More Property) program? Visit www.justonemoreproperty.caLearn more about Sylvia's services: www.sylviaho.ca — TranscriptionRoy  00:00The mortgages that we're getting through you now are not necessarily with the bank that we work for. And that says a lot because we do get employee discounts, as far as mortgages and things are concerned. However, when I take those into account, they still can't provide the same type of return for me as compared to your own plan. Then that makes me think, you know, clearly what they're doing is for them, not for me. Yeah that speaks volumes. So, you know, when I'm working for a major financial institution, and I'm going somewhere else to get my mortgage, that's something that says a lot.Sylvia Ho  00:40Hey, friends, have you ever wondered how you can pay off your mortgage faster, or maybe you'd like to help your kids get into the real estate market, or, better yet, retire with some passive income? Well, you're in the right place. Welcome to the Sylvia Ho Mortgage Podcast. My name is Sylvia, I'm here to teach you how to achieve your goals simply by owning just one more property.Sylvia Ho  01:03Hey everyone, it's Sylvia here. Thanks so much for joining us in the J.O.M.P. Podcast. Today, we have Roy and Hayden, they purchased their first investment property. And it's very interesting, Roy goes from 'I'm not ready to do this' to having a plan to buy three more properties. Listen to this podcast. And if you want to learn more about the J.O.M.P. program, all it takes is for us to get onto a call for 15 minutes. Go to SylviaHo.ca and book a time to chat with me.Sylvia Ho  01:31Hey, everyone, I'm joined by Hayden and Roy, they have three beautiful kids, their oldest son is in university, their daughter is going to be going to university, and then they have another child that is in grade 10. They went into this real estate investment side because they want to do this for their kids. Is that correct?Hayden  01:47That's correct. And for retirement.Sylvia Ho  01:49And for retirement. So talk to me a little bit more about what your plans were, what you guys wanted to do, and where you guys ended up.Hayden  01:55Plans are investor in three properties so we can get enough money for retirement, and also to help our kids out with their education, and help them out with the house later on in life. So that's mainly our goal.Sylvia Ho  02:11Okay, so as parents, basically you're saying, I'm doing this for the kids but I also want to watch out for my own retirement as well.Hayden  02:17Exactly, yep.Sylvia Ho  02:19When you first came to me, what were you looking for me to do for you?Hayden  02:24To help us invest in additional properties, with the same amount of payments that we're making overall, for car payments, and whatever other miscellaneous payments. Yeah, so basically, increase our portfolio to real estate.Sylvia Ho  02:42Yeah. So when you first came to me, what was the challenge that you guys had? Because I think you've been thinking about real estate for a while now, right? ...
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    33 分
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