Category Archives for "Finance"

Oct 07

Think you know real estate investing?

By Bruce Firestone | Business Coaching , Finance , Investing , Real Estate , Real Estate Investment Coaching

Try answering this question. The list price for a duplex at 1234 Any street, Anytown is $575,000 and its NOI (net operating income) is estimated at $30,150 pa (per annum) based on its existing leases and revenue streams. You expect to incur some additional closing costs including land transfer tax estimate ($7,975), legal fees on […]

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Oct 05

Pizza for the people by the people

By Bruce Firestone | Business Coaching , Business Models , Design , Entrepreneurship , Finance , Ideas , Investing , PB4L , Real Estate , Sales & Marketing , Urban Economics

So, you think you know something about modern-era business models? Well, test yourself by examining what chief executive officer Michael Lastoria has done with his fledgling chain of tiny (300-square foot) &Pizza restaurants, which now number 36 locations on the US east coast. Here’s his secret sauce in which he invokes crucial elements of the […]

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Oct 03

How to get free labor to build your next home

By Bruce Firestone | Architecture , Business Coaching , Business Models , Design , Entrepreneurship , Finance , Green for Real , Ideas , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

[Negative Cost Labor (And Low-Cost Finance)] Sometimes, you can turn a cost into a negative cost. A former architecture student of mine, Dominique Tonetti and her husband, Frank Dutton, are managing to do that on their new project, Solisterra in Québec. Dominique and Frank are building wonderful straw bale structures on a 150-acre property they […]

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Sep 21

Potential policies and strategic directions for the city of Ottawa

By Bruce Firestone | Architecture , Design , Entrepreneurship , Finance , Ideas , Real Estate , Urban Economics

[This is the third in a 3-part series written for Ottawa Business Journal by OBJ columnist, Bruce M Firestone, PhD, who is working with the city of Ottawa to develop a new OP, official plan, one that is suited to 21st century conditions—both economic, sociological and environmental.] Introduction If you were the ultimate authority in […]

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Sep 19

The problem with deposits and what is a legal agreement anyway?

By Bruce Firestone | Business Coaching , Entrepreneurship , Finance , Investing , Real Estate , Real Estate Investment Coaching , Urban Economics

Most agreements of purchase and sale have a number of elements in them— A (small) deposit which is credited on completion A down-payment (added to the deposit) on completion A mortgage in 1st place from a major lender And sometimes a 2nd mortgage seller take back from the seller or a 2nd mortgage from a […]

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Sep 15

How to create your very own high-performing PB4L, personal business for life

By Bruce Firestone | Business Coaching , Business Models , Entrepreneurship , Finance , Ideas , PB4L , Real Estate , Real Estate Investment Coaching , Urban Economics

Where do (good) ideas come from to start your own business? Well, if you are Ben Jacobsen, you marvel at the fact that your girlfriend is willing to spend $10 on a tiny package of bespoke table salt. So, he left Europe and moved back to the Oregon coast where he sampled seawater from 27-bays […]

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