Sylvia Ho talks with Mima, a client in the J.O.M.P program who just bought her first rental property. Sylvia and Mima break down the real estate journey Mima has been on with valuable insight. Mima shares the emotions she’s feeling, her process with the real estate agent, and how she selected the neighborhood where she purchased the house.Mima reveals that she came to Sylvia to renew the mortgage on her family’s house but when Sylvia introduced her to the J.O.M.P program, it felt right. She and her husband initially considered purchasing their rental property in Toronto, but after researching the real estate market and the offerings in outlying areas, Mima settled on Peterborough. She details her research and reasons for Sylvia and in doing so, provides key factors to consider when selecting property.What Mima really wants the rental property to do is provide for her children: to help secure future financial milestones for them - things like weddings, properties, schooling - but also so she can consider an early retirement. When she selected Peterborough as the neighborhood to invest in, Mima interviewed three different realtors and she tells Sylvia what she learned through that process. While Mima will admit to feeling both excited and terrified, she is ultimately extremely satisfied with the house, how the numbers work, and what Sylvia and the J.O.M.P program provided for her. Her advice to others who may be on the fence is simple: just do it.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 00:00Hey friends, on today's podcast we're talking to Mima. Mima is a client who is in the J.O.M.P. program, and she just bought her first rental property last night. We're going to talk about the emotions that she's feeling, the numbers that she's looking at, we're going to talk about how she interviewed the real estate agent. And then we also talk about how she was originally thinking about buying something here in the Toronto area and she ended up doing more research in outskirts of Toronto and ended up buying in Peterborough. If you guys want to learn more about the J.O.M.P. program, the J.O.M.P. program is all about owning just one more property. Click below, all it takes is 15 minutes for us to chat to see if this program works for you.Sylvia Ho 00:39Thanks so much for coming onto the podcast. So you just bought your first rental. Talk to me, how are you feeling?Mima 00:49Excited and then terrified? And then excited again and then terrified again? So yeah, I'm all over the place.Sylvia Ho 00:55Yeah, no, I hear you. It's exciting times. Now we just went over your Excel sheet and your numbers. How do you feel like, if we put the emotions aside and we just look at numbers, how are you feeling about the numbers?Mima 01:09I mean, the numbers look great. Yeah, as you said, we went through the sheet and what the outcome that we're going to see, hopefully, and you know, 15 years is not anything we would have been able to do, I don't think, without acquiring a second property and following your program. So yeah, I'm like, really excited.Sylvia Ho 01:28Beautiful, beautiful. So, now when you first came to me, what were you looking for?Mima 01:35Our five year term was up on our current home. We're just kind of like shopping around for rates and wanted to find a new agent to kind of help us out, and it was a Facebook group, actually, that I'm a part of, and I searched it and your name came up. And they're like, oh, and Sylvia helped us with another property and helped us figure out the numbers. And I was like, is this, can we do this? And then I reached out to you and you were like, yes, you can.Sylvia Ho 02:03Awesome. So your mortgage was up for renewal? You were searching for a good connection to renew your mortgage? And that's it, that's what you were looking for, right?Mima 02:11That was it, yeah.Sylvia Ho 02:13Okay. The world of real estate, investing in real estate, how has that perspective changed in wealth building for you now?Mima 02:19Like, the way that I grew up it was you get to homeownership, as quickly as you can, you don't carry debt. That was my Eastern Bloc, you know, first generation Canadian mentality of never carrying a debt. So it never even occurred to me that, like, you can pull equity from your home to then purchase another thing, like I heard about it, but that was something abstract that other people did. And it wasn't something that was for me or my family. So now having this insight into this whole other world of using a second property to help pay off this current property, and seeing that we could be, you know, mortgage free in less time than what we had originally signed up for, ...
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2022/05/067 分