Category Archives for "Investing"

Nov 17

City of Ottawa committee votes in favor of Airbnb ban

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

[Note: feature image is international symbol for human rights.] So, a city committee has voted in favor of effectively banning Airbnb and other home-sharing platforms, https://ottawacitizen.com/news/local-news/dozens-sign-up-to-tell-councillors-what-they-think-about-proposed-crackdown-on-short-term-rentals This is a terrible decision IMHO. Three councillors voted against the ban: Stephen Blais <stephen.blais@ottawa.ca> Eli El-Chantiry <Eli.El-Chantiry@ottawa.ca> Matt Luloff 613-580-2471×26699′ <Matt.Luloff@ottawa.ca> I wrote to them (see below). I […]

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Nov 11

Warren Buffett’s secret sauce revealed in a single paragraph

By Bruce Firestone | Business Coaching , Business Models , Entrepreneurship , Finance , Investing , PB4L , Real Estate , Real Estate Investment Coaching

Think about it—Mr Buffett has been buying stock in well-managed, top brands for many decades. These stocks (for the most part) pay dividends, which Mr Buffett used to pay down debt he took on (through his principal investing vehicle, Berkshire Hathaway) to purchase these investments in the first place, which (again, for the most part) […]

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Oct 30

Should Ottawa ban Airbnb if you don’t live there?

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

I read Jon Willing’s October 5th, 2019 well-reported article, Ban some from renting homes short term if they don’t live there, consultant recommends (https://ottawacitizen.com/news/local-news/ban-some-people-from-short-term-home-rentals-if-they-dont-live-there-consultant-recommends). I believe the Maclaren Report is flawed, so I wrote the following to the city of Ottawa’s policy people: Dear city of Ottawa, My spouse and I own a home in […]

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Oct 09

Ottawa Property Tour with Prof Bruce and Spirepoint Wealth’s Paul Blacquiere

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

From time to time, Paul and I take students on a property tour to teach them what works in terms of real estate investing (and what doesn’t). “Wow, what an amazing property tour organized by Prof Bruce and Spirepoint Wealth’s Paul Blacquiere. It was very interesting and educational. It made the concepts of the course […]

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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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