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In this episode of the Real Estate and Mortgage Show, our host Walter Monteiro talks about the phenomenon of blind bidding in the real estate market. Today, Walter explains everything there is to know about blind bidding and how it impacts both the buyer and the seller.

Standout Quotes:

  • “You would strictly be putting yourself at a disadvantage, you'd be giving away all the cards, and you’d be given the advantage to the buyer.”
  • “Who wasn't being good to sellers, back then buyers, buyers were nasty.”

Key Takeaways:

  • Justin Trudeau has decided to enact laws to eliminate blind bidding in the real estate market.
  • Unreserved, an Ottawa startup, appears to have some kind of website with an open bidding platform, so you can buy real estate, you know, people put their homes on this platform.
  • All of a sudden buyers are demanding that they need protection from these greedy sellers.
  • Federal government has no jurisdiction over real estate. Real estate is mandated on a provincial level.

Episode Timeline:

[0:15] Eliminating Blind Bids

[0:54] Real Estate is shaking up

[1:58] Blind Bidding System

[2:52] What’s Unfair?

[3:29] Market in Real Estate

[4:11] Federal Government

[4:47] Reach Out to Walter

If you have questions about buying real estate and finance, Feel free to call Walter Monteiro at 
5192400360 or visit https://waltermonteiro.com

In today’s episode of The Real Estate and Mortgage Show, we have invited David Sandhu. He is the CEO of TiLt Ventures, an investment company that focuses on real estate, stocks, and sports betting and aims to educate others on how to navigate the world of big-ticket investments. The company is dedicated to bringing new commerce opportunities to Prince Rupert, British Columbia. Even though David is just a starter in real estate investing, he still has many insights to share. And today, he will be tapping into some of his secrets on how he raises money.

 

Standout Quotes:

  • “The next project always has to be in something that’s making money.”
  • “There’s so much overhead that you cannot win in rent. You win in the appreciation and the leverage.”
  • “Crypto is a large part of the future.”
  • “It’s through real estate that you can be new with your generational wealth and change through giving back.”

 

Key Takeaways:

  • There’s not much growth in Commerce other than big corporations coming into town.
  • David did not spend his 20’s at parties and didn’t have his teenage years gambling up until the morning.
  • One benefit of a private deal is you don’t have the pressures of many competitions on the deal.
  • David’s day is dedicated to his children, but he is still on the phone and answering e-mails.
  • David and his company know when to jump into the premiums.

 

Episode Timeline:

 

[00:35] David’s location

[03:11] About TiLt Ventures

[06:52] Does David tackle his projects on his own?

[09:19] Raising Capital

[13:14] How David Finds Properties

[17:04] The Endgame

[18:00] A Day in the Life of David Sandhu

[20:30] Networking

[23:20] David’s Instagram Account

[27:02] IS David in the Crypto Space?

[29:08] David’s Message

 

Learn more about David Sandhu

Instagram: tilt_ventures

E-mail Address: davidsandhu@hotmail.com

Our host Walter Monteiro talks about selling real estate and open houses.

Standout Quotes:

  • "I don't like the idea of an open house as there are screened qualified people by a real estate professional to avoid scams." [Walter]

Key Takeaways:

  • It is still too early to hold open houses because a large portion of the community is still unvaccinated.
  • Because real estate sales continue for 18 months, an open house is ineffective.
  • Several companies have taken the position that they will not hold open houses as a company.

Episode Timeline:

[00:22] Open House during the pandemic

[0:59] Open house and real estate sales

[1:51] Companies' Stance

[2:06] Marketing Ideas

[2:23] Contact us

 

Learn more about Walter Monteiro and the Maximum Results Team at:

Website: https://www.maximumresultsteam.com/

Email: walter@maximumresults.ca

Phone: 519-240-0360

Selling before you Buy. Don’t!

Are you tired of the bidding wars?

Buying A Billion Dollars in Real Estate

 

10 Things you should know about buying a house in today’s market

 

 

Episode 119: Pick Your Buyers Agent Carefully

New CMHC Rules

Episode 118: New CMHC Rules

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