Category Archives for "Investing"

Feb 25

A million dollar TFSA sounds great except…

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

A million-dollar TFSA, https://business.financialpost.com/personal-finance/taxes/the-road-to-the-million-dollar-tfsa-is-getting-shorter-for-millennials, sounds great except I’m not 100% convinced about these assumptions: a) earning 4.7% yearly, compounding annually, b) continuing to put in max $$$ every year for 47-consecutive years without fail. There are simply too many ups & downs over a lifetime. But, say you buy a half double like one of […]

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Feb 24

How to turn $7.2 million into half a billion dollars

By Bruce Firestone | Business Coaching , Business Models , Entrepreneurship , Family , Finance , Investing , Real Estate , Sports & Entertainment , Urban Economics

I spoke with my friend Victor Menasce about the Ottawa Senators, the NHL, real estate investment and more on his podcast‚Ķ I explained how we purchased (in the early 1990s) 600-acres in the far west-end of Ottawa (Kanata) for $12,000 an acre ($7.2 million, if you are counting), plunked an NHL expansion franchise (aka, the […]

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Feb 03

Rent-to-own business model

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

I usually don’t really like rent-to-own (R2O) models either from an investor’s POV (point of view) or from a client’s POV. From a client’s POV, it’s an expensive way to buy property; they have to pay all of the costs of the property including mortgage payments, property taxes, insurance (tenant and landlord insurance), all repairs/maintenance, […]

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Dec 27

Animate a whole town

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

The story of Tamworth, a small town in Ontario “Animation” is a term I use to describe ways of adding new revenue streams to an existing property. For example, clients of mine are adding storage sheds, backyard workshops, basement apartments, backyard coach houses, play areas (things like outdoor ping pong tables), private patio areas, outdoor […]

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Dec 16

What’s the difference between a “project” and a business model?

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

As someone who has tackled hundreds if not thousands of projects, I know the difference. It’s why now as a real estate investment and business coach, I preach using biz models instead of doing “projects.” In my day, I created over 1,200 home sites in multiple subdivisions, dozens of office buildings and shopping plazas, started […]

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Dec 15

How much does it cost to remove 1.7 million tons of fill?

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

This is the wrong questions to ask. Why? Because every entrepreneur knows how to pull endless rabbits out of his or her hat. So, what is the right question to ask? How do we turn a cost center into a profit center? This is what we did at Dunrobin Lake. We got permission from MNR […]

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