Sarasvati Ubud Villas Update

The front half of the resort is nearly complete and the back bamboo villas are getting their roofs put on.

The view on the second level is unreal! Amazing panoramic view of natural beauty of the rice field with coconut trees in the far back area. Sometimes you will see the mountain in the distant. The sunset overlooks the infinity pool which will take your breath away!

Enjoy your cocktail and watch the sunset from your room or in the pool.

We are having a soft opening this October and Grand Opening will be in December. Anyone looking for a great place to stay in paradise and take advantage of our promotional pricing, please email me your dates that you would like to book.

We will take care of everything from the moment that you arrive in Bali. Airport shuttle, food/beverage, tour activities and anything else you might need. Our place will have 24/7 security for your peace of mind during your stay.

Could you imagine coming here to learn and expense it from your business? We can host your future VIP training workshop in our facility.

Why Enroll Today? $500 Hint

Elevate your career as a veteran mortgage broker and seize a world of lucrative opportunities by enrolling in our Advanced Construction Financing Workshop on Commercial, Apartment, and Development Projects. It only takes 4 weeks to level up!

Gain an edge in the commercial financing realm with our comprehensive program and have direct access to a senior commercial account manager with 15+ years of experience in direct retail lending for construction and development financing. Get help on your active deals and all your questions answered!

Prepare to unlock inside knowledge from the lender's perspective, equipping yourself with invaluable insights, best practices, and industry secrets. With this workshop, you'll gain the specialized expertise necessary to navigate complex transactions, seize high-value opportunities, and significantly boost your earnings.

Enroll directly here: https://www.comfea.org/courses/CommercialConstruction

Just use this coupon code during check-out enrollment to save $500: ActionTaker

By joining our workshop, you'll tap into the thriving commercial real estate market and guide your clients through multi-family properties, commercial buildings, and land development projects. Leverage your existing skills and experience while expanding your repertoire to become a trusted expert in both residential and commercial financing.

Don't miss out on this transformative opportunity to stay ahead of the curve and position yourself for success. Enroll in our Advanced Commercial Financing Workshop today and embark on a journey that will elevate your career to new heights.

Bring your own deals and benefit from first-hand feedback on how to create a winning Executive Summary today!

🎁Gift for Past Graduates

For those who have graduated from the Fast Track Commercial Financing Mastery workshop, check our Private Facebook forum to receive priority enrollment & bonus🎁gift.

Gift for the First 5 Enrollment

Here's a present from us to you: Receive $500 off, just use this coupon code during check-out enrollment: ActionTaker

ACT Today, Enrollment closing soon!

How You Can SAVE Your Builder/Developer

When does a builder developer with a permit start to cry? When the lenders don't give enough money to finish the job (or to get started)...

Why?What happened? These are the usual questions that we ask (and probably what your developers had asked) but we already know the reasons why that happened.

Here are the top 5 Reasons why they didn't get an approval:

✅Assumed that lenders will love the project just because the city approved it

✅Assumed that they will get 65-80% of what's required from the bank because the appraisal looks good

✅Assumed that they've had several successful projects in the past (especially overseas/different country) so this is a done deal

✅They don't have a fully clear picture of their exit strategy (down to the dollar)!

✅They don't have any funds to fall back on (every partner/investor have contributed everything that had), therefore no reserve for surprises (beyond cost overrun)

We want to help Mortgage Brokers with their clients to avoid these dream crushing situations. Our workshop will help you level up.

Learn how to help builders, developers and investors:

✅Avoid spending investor money foolishly by locating lenders for the project before spending money on land assembly (portfolio exposure)

✅Avoid mistake of building a project that no lenders will finance or only offered reduce amounts (wrong product type)

✅Reverse engineer the approval with the lenders you have in mind. On top of it, you will learn how to: Attract builders, developers and sophisticated real estate investors. 

✅Create equity in any project that you help with financing instead of just getting the commission. Bonus: Deepen your relationship, build unbreakable bonds with your investors.

In the last week of May, we'll be starting our level 2 workshop that will go deep into multi-family and mix use commerical construction financing as well as land assembly/development financing.

My Co-Instructor who has 25+ years working with a retail lender financing these Multi-family and Commercial construction projects will be teaching with me (yes, I've convinced him to moonlight on his day off). Imagine having his knowledge by tapping the experience from this veteran of 25+ years in this niche...What will this be worth to you?

I know it will make a difference in our country and help solve the affordable housing crisis. How would that make you feel? How much can you make from 1 development deal?

The first online class is already fully booked. The next workshop will be in the first week of July.

Are you ready to level up??? Schedule a call with me and see if you have what it takes to enroll:  Book Call with Sua

Video update of SUSI Resort

SUSI Resort at 80 percent complete

Your thoughts on this?

The other night I spoke with one of my colleagues who was doing well over 6-figures a year as a residential Mortgage Broker by himself.

…he was an A-level player who used to close at least 20+ deals a month…

… but what he told me was more than shocking...

It made me silent for a while...

You're probably familiar with the situation.

You see, between 2017 and 2020 the real estate market was a seller's market…

Every other guy was flipping properties for a living...

It was a great time to be a Mortgage Broker, there were buyers all around and banks were giving out loans left and right…

But that was the peak of a rollercoaster ride.

With new rules and regulations imposed in the past 2+ years, the market took a dive...

My friend Dan (not his real name), was making north of 6-figures a year in 2017-2020, but today feels lucky to pay his office rent…

Over the phone, when he told me his story, it was shocking ( it was basically about how he got comfortable doing the same deals and thought things would be good forever)...

More on his story later…

One of the main reasons why the gravy train stopped was due to the steep rise in interest rates.

I know most of you guys know how it affected the market,

Almost overnight, everything came to an abrupt stop!

The same property that you could own for $2000/month would now cost $3500/month !!!

Monthly payments increased but the value remained the same.

And when that happened, the market shifted from a seller’s market to that of a buyer…

Except there’s not many that can afford the high price anymore.

In simple terms,

In 2020, someone making $100k/yr could finance a property worth $500k

Today, the same person could only finance maybe $400k, he/she literally lost 20% of their purchasing power!

If that's not enough to deter you from buying, the monthly payments which almost doubled surely will!!!

Now If I was someone who invests in real estate to make passive income, I can’t increase 20% rent on a residential property in any market…

So for me to look at it as a business, doesn’t make sense anymore…

Now, if I need to liquidate that property, the ones with the purchasing power would get a deal on that.

But most won’t or don’t want to sell at a loss.

Simple as that.

For most brokers, that was a heavy blow…

The number of applicants dwindled and things went crashing down!

This made it difficult for residential Mortgage Brokers to get more commission…

Now the question is, what could be a possible solution to our current problem?

Love to hear your thoughts on this.

Ubud Bali Resort Progress

Amazing how much work has been done in the last few weeks.  The second floor is being done as you read this. After the 3rd floor is completed, the restaurant and spa will be built (next door). The rest of the build-out will be much faster. 

The bamboo villas will be amazing to see and stay in. The view will be spectacular! 3 Premium villas with their own plunge pools plus 5 regular bamboo villas that will share the large infinity pool that will be at the eedge of the property.  They would have an unobstructed view of the rice fields (270 degrees view of heaven!).

We currently have 1 spot left for an equity investor (schedule call for details).

Your Own Bamboo Villa in Bali with this View

We are currently in negotiations with the owners of the property adjacent to our property where we can lease for 30 years plus option to renew 25+25 in the future.  These leaseholds can be owned by foreigners like you and I.  You will have full use and access to the property. Come and go as you wish.  When you don't use it, we can manage it for you and even give you guests whenever we are overbooked in our resort (which is next door).

We are looking at building and marketing it for you so that it would be handsfree from day 1 of you owning it. Estimated cost will be $100K with estimated net income of 12-15K per year. Potential revenue we expect would be much higher due to the pent up demand in this area.

I am very excited to make the next phase of the project happen!  If you want to know more about it, let's have a conversation.

Up Up and Away

I am so proud of this guy!  Robert Klein was one of my first mentees in my 6 weeks long Commercial Financing workshop. He took what I taught and RAN with it.

He helped a first time developer builder financed the construction of this apartment building.  Without his help, this would have NOT been possible.

The framing is almost complete on this 40,000-square-foot stratified purpose-built rental building expected to be completed in January 2023. Phenomenal ROI!

They have submitted a zoning application for their second project, which will be a 120,000-square-foot stratified rental building.  That building will be investable.  If you would like to be put on the list for an investor presentation in the future, feel free to message me and I will put you in touch with him and his group. 

I look forward to see him change thousands of people's lives through his upgraded knowledge.

Want to learn what he's learned, feel free to book a call with me (click link)

Stay in Luxury in Saigon

If you have visited Vietnam before and missed your bed or stuffs you took for granted in your home back home?  Well now you don't have to if you are staying in Saigon/Ho Chi Minh City or Nha Trang City.

You can stay in our fully stocked Penthouse or sub-penthouse suites with rooftop swimming pool for less than a nightly stay in 3-4 star hotel back home! Imagine how little it costs to have your family or group of 4-6 people to join you.

You will be AMAZED at how NICE these places are.  We are building a portfolio of amazing places to stay at (and 3-most have amazing infinity swimming pools). Check out our Affordable Luxury Stays in Vietnam Stay tune as we are adding more to our list.

Flights to Ho Chi Min City is the only real expense ($1600-2100 in Vancouver to HCMC from online site like Skyscanner or Vietnamese travel agency).

If you need assistance coming to Vietnam, we can help as well. Vietnam E-Visa is just a click away (here) 3 easy steps and pay $25 USD

Where to Invest When Stocks and Crypto Are Crashing?

Governments around the world have pulled back on printing money and handouts have ceased.  Interest ratesd are ratcheting up.

Inflation is spiking and this is causing stock markets to plunge.  This in turn has caused the Crypto currency market to crash as well.

Where to go to protect your hard earned money?  The only place left to invest in that will give higher returns or at least protect your capital from being eroded by inflation is in your business. You have full control over that.  Use your capital to tap the local community or acceess more resources to grow your business or expand your market.

Another asset class is real estate assets in primary markets (everyone needs a home to live in).  These are areas with strong economic centers that will provide employment and tenants that can pay top dollars to help you pay for the mortgage.  Whether it is residential or commercial assets, history has shown that it will be less affected in the long run.

Still uncertain what to do? Let's have a chat.

I have changed my business and pivoted several times throughmy life.  Having to adapt or adopt different business strategy to achieve success in each iteration.

I value your time and I am certain you value my time as well.

Schedule a paid session with me and let's have a conversation.  I will refund your session if we feel that I have not provided massive value to you. Click here to book on my calendar.

Relax in Your Own Ubud, Bali Resort Villa

Our project is quickly being built. Land has been levelled, bridge, temporary housing and perimeter fencing has been built. Follow us on Instagram.

3 lucky investors have partnered up with us to have equity in the resort and get to stay a week each year in beautiful Ubud, Bali.

Our goal was to achieve 12% ROI in the first year and scale up to full operation with a 35-50% ROI target by year 4 & 5. Looks like we will blow those targets out of the water.  Currently every villa has increased their prices by 100-300% from COVID prices (which was reduced by 50% of pre-COVID). 

Indonesian government offers attractive tax incentives such as 0.5% tax in the first 3 years of operation and reduced corporate tax afterwards to attract foreign investments. Imagine nearly ZERO income tax on your earnings for our first 3 years!!

We only have a 10% equity position remaining. Schedule a call with me to see if you qualify and answer any questions. Check us out on Instagram (Click)

Your Own Bali Villa in Exclusive Ubud Resort

We are down to the final countdown. The last rice has been harvested from the rice field. Follow us on Instagram.com/SarasvatiUbud

Our project has been blessed by the local Balinese priest. The gravy train is about to leave the station!

3 lucky investors have partnered up with us to have equity in the resort and get to stay a week each year in beautiful Ubud, Bali.

Our goal is to achieve 12% ROI in the first year and scale up to full operation with a 35-50% ROI target by year 4 & 5.

Indonesian government offers attractive tax incentives such as 0.5% tax in the first 3 years of operation and reduced corporate tax afterwards to attract foreign investments. Imagine nearly ZERO income tax on your earnings!!

We only have a 10% equity position remaining. Schedule a call with me to see if you qualify and answer any questions.

Want to Learn How to Successfully Get Construction Financing on Your Flip or Multi-Family Building?

I am very excited to be teaming up with a 15+ years veteran who has helped thousands of clients get financing for their land development projects from "speculative" single family development to multi-family apartment and building out entire subdivisions/townhouse projects.

He was a senior level Commercial Account Manager specializing in this particular niche of Commercial Financing. He is still working with a financial institution so this is current knowledge!  An added BONUS is that you might be getting the "blueprint" in how to write up a loan request that would get approved by his current employer.

Could this free up your time so it is better spent on more productive activities rather than chasing lenders?
Would this help you make money easier? No doubt.

Once the workshop course is ready, I will let you know how you can enroll.

Send me an email to be added to the VIP access list.

Fixed Rates Vs Variable Rates

Variables are in the mid 2's right now.  Fixed are in the low 4's.  I'd stick with variables for now.  I'd consider moving it when variables = fixed.  

People are worried about rates going up, implying their mortgage payments will go up.  

The easy way to defend against this is to set up a line of credit against your properties.  If anything goes wrong you will have access to funds to hedge your monthly payment. 

The other reason you should set up a line of credit is to have the downpayment to buy your dream home or to buy a rental.  If rates continue to increase, the market will slow, providing opportunities to buy.  

Sarasvati Resort in Bali

New Home of Sarasvati Ubud Spa Institute and Resort in Bali

We are so excited!!! We finally received our development permit.  Check out the view in our quick 30 second drone footage of the majestic rice field and mountain view landscape.

Thanks to our close friend/investors that have put their faith in us. This project will be spectacular!  Creating up to 80 jobs during construction and 24+ fulltime jobs for local Balinese once it is completed.

Investors will be repaid original capital after 3rd year and still retain equity in the resort with quarterly profit sharing. 

Our philantrophic component will also help hundreds of children at the local orphanage.  Win-win-win for everyone.

We have 1 spot for sophisticated investor. Schedule a call for qualifications/details (CLICK)

Last Commercial Financing Mastery Workshop

Next fast track workshop to learn about Commercial Financing might be my last one for awhile or at least this year as the Bali Resort project may require my full attention.

I have taught 127 residential Mortgage Brokers across Canada in the past 3+ years. It has been alot of fun and made me feel on purpose as I watch these amazing graduates grow their business by leap and bound.

If you or someone you know has been wanting to learn about this field that less than 5% of ALL Mortgage Brokers know, this might be the last chance!

Want to enroll? Schedule a call to have a conversation (Click Link).

How to Build a Garden Suite?

The City of Toronto has approved residents to build garden suites (aka ADU, Accessory Dwelling Unit). 

And in fact, Simon Wong, has already built the very first one in Kitchener. Read More: Kitchener man building the first tiny house

Housing is still in huge demand, are you considering building an ADU to utilize the land use and build a rental income steam? 

If so, check out Simon's Instagram to see how he can help you build a beautiful and functional tiny house! 

Vancouver Homeowner Jackpot

If you're one of the lucky 2000 lots that the COV is upzoning to higher density, you just received a winning lottery ticket.

More details will follow but basically the single family home on the current lot will be able to build 6 units in the same amount of square feet of space.  This is supposed to provide an extra 10,000 units in the city.

How this will play out is unknown.  What is known will be another big jump in real estate price in Vancouver for those homeowners that owns one of the 2000 lots.

See more details here: Gentle Density Housing Plan

Retained Earnings Tax Bomb

If you are a savvy business owner, you most likely have a Holdco setup that owns part of your Opco and all profits are being pushed up from the Opco to the Holdco on a tax-free basis.  

From your Holdco, you accumulate large sums of money over the years that are used to buy your investments and real estate on the corporate side. 

Eventually, CRA will come home to roost.  This will happen when you die. 

If you accumulated $2,000,000 of retained earnings through active business income, your tax bill on death, if you pay it out as a dividend to your estate, will be: 

$933,393

That's 46.7% in tax.  It's massive.  

Most business owners do not realize this problem.  

How can it be solved?

1. Accounting/legal structures
2. Life Insurance structures
3. Planning the above 2 ways in advance

Here is a tax calculator to input your numbers.  Use Canadian non-eligible dividends for active small business income. 

https://www.taxtips.ca/calculators/basic/basic-tax-calculator.htm

I have a team that can help you create a plan and strategy suitable to your situation.

$71M Social Housing in Vancouver's Prestigious Coal Harbour

If you're like most folks who can never afford to rent or buy a condo in one of the most prestigious waterfront property in Vancouver, this might be good news.

Here's your chance to get an ocean front rental unit if you're a low income senior, single parent or just someone on social assistance income. If you're a decent income earner, sorry you're out of luck.

What do you think about this? Don't ask the affluent folks who spent millions to get a unit there. I have a funny feeling they're not going to like this.

>>Link to full article here<<

All the Love to You and Your Family

It's been an amazing year of challenges and personal growth. I thank you from the bottom of my heart for your support and wish you and your family a joyous holiday.  May you always have good health and prosperity in the coming years.

Merry Christmas and a Happy New Years to you and your loved ones.

p.s. I am currently in Indonesia to work on a resort development project but I am ready to assist you in any capacity (along with my large team of 105+ mentees across Canada).  You can still reach me at my local number +1-604-726-7878 (or better to contact me on WhatsApp at this number).

Amazing and Affordable Places to See Christmas Light Displays

If you like to see how amazing light displays are at Christmas throughout this holiday, season, check out this link of affordable places to visit and absorb the holiday spirit: Affordable light displays in Vancouver

5 Heating Myths You Really Need to Stop Believing

We debunk some pretty common myths about what does and doesn't heat a house efficiently.

Space Heaters Are More Effective Than Your Furnace: Sometimes it can seem like your furnace just isn’t quite cutting it and a few space heaters are the perfect solution to cold spots throughout your home. While space heaters serve as a perfectly adequate temporary solution, they are nowhere near as efficient as gas, and the electricity used to run them is going to end up costing you a lot of money.

That money would be better spent repairing your heating system so that it sufficiently heats your entire home without producing any cold spots.

You Save Money By Keeping Temps Consistent: Some people believe that periodically putting your thermostat on a lower setting won’t save you money because the furnace will have to burn through more fuel when you want to return the temperature to the higher setting. Not true.

Turning down your thermostat for extended periods actually can save you some money. Energy.gov recommends setting your thermostat as low as you are comfortable with during winter months and lowering it further when you’re in bed or away from home.

This both lowers your home’s environmental emissions while also saving you money on your energy bill.

Ceiling Fans Are Just for Summer: If it’s mid-December and your home is feeling a little chilly, the last thing you might think to do is turn on your ceiling fans. However, many ceiling fans have a switch on the side that changes the direction they spin from counter-clockwise to clockwise.

By spinning clockwise, the fan will pull up cold air, in turn forcing hot air down from where it has risen to and sending heat to more areas in your home.

Fireplaces Are a Great Way to Heat a Home: While the idea of spending the holiday season curled up next to a fireplace sounds like a cozy one, the cold reality is that fireplaces generally provide a pretty inefficient and costly way to heat a home.

Fireplace chimneys can be a major source of heat loss during the winter, and the quantity of firewood you’ll need to heat an entire house could cost you a pretty penny. You can find the best fireplace matches here.