Category Archives for "Real Estate Investment Coaching"

Jan 08

Why naming your buildings or properties is important

By Bruce Firestone | Business Coaching , Design , Real Estate , Real Estate Investment Coaching , Sales & Marketing , Sports & Entertainment

I am into naming things (like the elves in Tolkien’s Middle Earth did–they spent their first few tens of thousands of years there naming stuff). I also like creating taglines.  It adds value for both landlord and tenant—it’s like Italian trains of the 1970s—the only difference between 1st and 3rd class was the price you paid. #Seriously […]

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Dec 19

Why the financial industry is (mostly) a ripoff

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

I’m halfway through Bill Browder’s excellent 2015 book, Red Notice, talking about his experiences as an investment banker and asset manager in Russia in the days and years after the fall of the iron curtain (circa the 1990s). If you are like me and wonder why so many of the financial industry’s products are self-serving […]

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Dec 17

How important is your education in terms of your success?

By Bruce Firestone | Business Coaching , Life Coaching , Real Estate Investment Coaching

“How important is your education in terms of your success?” asks Stefan Aarnio on his show, Respect the Grind. [Here’s a rough transcript of the entire show] Stefan Aarnio: Ladies and gentleman, welcome to the show, Respect the Grind with Stefan Aarnio. This is the show where we interview people who have achieved mastery and […]

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Nov 07

Building a real estate business model with burgers

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

[A version of this article first appeared in Ottawa Business Journal, https://www.obj.ca/bruce-firestone] When most people think about business models and modeling, they think it only applies to tech startups but turns out, they’re just as important in any industry including real estate. If I ask someone about real estate models, she or he will probably […]

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Jan 06

Approval of Coach Houses Opens the Way to Better Urban Design

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

(This article first appeared in OBJ,  https://obj.ca/article/opinion-coach-houses-open-door-better-urban-planning-ottawa.) As OBJ readers may already know, the city of Ottawa recently changed its bylaws to permit construction of coach houses on many existing residential lots. This is part of a worldwide effort to densify and intensify existing urban areas to make them more interesting, more diverse, and more […]

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Nov 09

Equity Lord

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

[This article originally appeared on Spirepoint.ca] The number of mega wealthy people on this planet (a class that includes billionaires and millionaires, the latter, however, must have a net worth greater than $30 million USD to be included) is a tiny percentage of overall population—just 0.004% of adults qualify according to Wealth-X. This group controls […]

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Mar 05

How to Calculate the Capitalization Rate

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

The Cap Rate Most real estate professionals do not use IRR, internal rate of return, calculations—they use cap (capitalization) rates to compare one project with another. The cap rate is an approximate assessment of ROI, return on investment, as all financial measures are anyway. But they are more approximate than the IRR is, in my […]

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Jan 24

Bruce M Firestone Legacy Lecture

By Bruce Firestone | Architecture , Business Coaching , Business Models , Entrepreneurship , Family , Finance , Ideas , PB4L , Real Estate , Real Estate Investment Coaching , Sales & Marketing , Sports & Entertainment , Urban Economics

The Telfer School of Management’s professor Barbara Orser assisted by Luc Lalande has asked me to give one last lecture in 2016. I tried to make it both fun and informative. You can watch the video of the lecture below. It is also available on YouTube, https://youtu.be/GqqdLeT25us Here is the slidedeck I used, https://www.dropbox.com/s/jvo3187hnzr3397/firestone-legacy-lecture.pptx?dl=0 Here’s […]

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Apr 15

How to Value Property

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

There are many ways to value your real property— by completing a CMA, comparative market analysis, yourself or asking a realtor to do one for you, using the DFCA (direct comparison approach)—comparing what other similar properties have recently sold for in the same general area within the recent past (aka using “comps”) 2.       by using a cost approach—that is, determining the […]

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Nov 22

10 Principles of Conservation Subdivision Design

By Bruce Firestone | Architecture , Design , Ideas , Investing , Real Estate , Real Estate Investment Coaching , Sales & Marketing , Urban Economics

old subdivision design v new conservation subdivision design When conservation subdivision design principles were first introduced, developers thought their properties would be devalued and sales would take longer. It turned out, however, buyers would pay more to live in a village that made preservation of natural areas a feature even if it meant smaller lots […]

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