Monthly Archives: May 2016

May 31

By Bruce Firestone | Uncategorized

[youtube https://www.youtube.com/watch?v=S7ejKEPbFXU?feature=oembed&enablejsapi=1&origin=https://safe.txmblr.com&wmode=opaque&w=250&h=141] There are some places you just can’t animate… like this California town laid out in Mojave Desert in 1965. Now it’s just a bunch of abandoned roads (mostly). California City sits on 80,000 acres of dust strewn landscape; it was a town that was supposed to rival LA in size by now. I […]

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May 28

Helping People Move out of Poverty

By Bruce Firestone | Uncategorized

I read an article in Bloomberg Businessweek this month (May 2016) titled Helping Americans Move out of Poverty. I was struck by this: “Zoning rules stipulate minimum lot size or maximum building heights to prevent construction of affordable housing. Such restrictions can increase housing costs in thriving local economies by 50 percent or more,” Bloomberg View […]

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May 21

What Makes Real Estate Unique?

By Bruce Firestone | Uncategorized

Why invest in real estate?  “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, US president Before I deal with that, I’ll summarize why I think real estate might […]

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May 21

Recovering Tech Founder

By Bruce Firestone | Uncategorized

If you are a writer, you absolutely live for good reviews. They make your day (unhappily, the reverse is also true). Here’s one I just received from a guy who sold his tech company and decided to go off on a worldwide adventure–sailing with his wife & four tiny kids for five years on his […]

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May 21

If You Are Down and Troubled

By Bruce Firestone | Uncategorized

If you are down and troubled, think about how far war victim Emmanuel Kent had to travel in his life to appear on X-Factor Australia… [youtube https://www.youtube.com/watch?v=Epi7USIi-po?feature=oembed&enablejsapi=1&origin=https://safe.txmblr.com&wmode=opaque&w=540&h=304] Emmanuel appeared on X-Factor (similar to the Voice in NA) in 2011; he’s an Aussie originally from Iraq. -he’s adopted -a victim of horrible abuse -he sings John […]

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May 20

Why Real Estate is the Only Way to Provide for your Retirement

By Bruce Firestone | Uncategorized

At least that I’ve found so far! , https://www.forbes.com/sites/danielfisher/2016/04/05/nortel-bankruptcy-fees-approach-2-billion-as-court-hears-arguments-over-assets/#7abf5ae81e05 If you’d like to find out how to become a successful real estate investor, join Realtopia Ottawa, https://www.eventbrite.com/e/realtopia-ottawa-how-to-really-provide-for-yourself-and-your-family-via-real-estate-investing-tickets-25316439151 @ profbruce

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May 20

Window on World

By Bruce Firestone | Uncategorized

Every time you open up your building at grade with a penetration (doors/windows), you: -create additional value for both tenant and landlord This is just as true for a residential apartment as it is for an office building or an arena.  I mean where would you rather live? In an apartment at grade that has […]

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May 19

Dust Control

By Bruce Firestone | Uncategorized

If you own property (something like a sand pit) and soil/sand/dust is blowing onto your neighbor’s property causing a nuisance for them, here’re some steps a quarry operator can take to reduce that. Note that a final solution is based on helping mother nature do her job faster. This is a letter sent to an […]

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May 16

By Bruce Firestone | Uncategorized

[youtube https://www.youtube.com/watch?v=OlJqIGxFbZE?feature=oembed&enablejsapi=1&origin=https://safe.txmblr.com&wmode=opaque&w=250&h=141] 346 PICKEREL BAY ROAD White Lake Ontario K0A 3L0 FOR SALE Directions: 417 West, take exit 169 Kinburn Side Road, left onto Cty Rd No 29, right onto Waba Rd/Lanark Cty Rd 20, left onto Campbell Side Rd/Cty Rd 24, right onto Peneshula Rd/Cty Rd 24, right onto Pickerel Bay. Right at Pin […]

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May 16

Property Management is a Skill

By Bruce Firestone | Uncategorized

Many real estate investors seem to undervalue property management. In fact, it is a core competency. If you don’t want to manage your own portfolio, that’s fine, but hire a property management company that is both competent and trustworthy. The worst condition you can have is: a) a property manager who lies to you and […]

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