If you're buying real estate, there are only two kinds of Realtors you want.

The thing they have in common is they both understand long-term and non-monetary value. Here's what to look for.

<thread> 🧵👇 #ToRE #VanRe
2. The first is "buy when it's right for you" agents, that know you don't need to be convinced.

People will always want to own their own home, and need a secure anchor in a neighborhood, or a commercial property to conduct business.
3. These agents will explain that you should buy what you can afford, don't stretch yourself, and timing the market is *really* hard.

Would you gamble a slightly bigger home for a few bucks a month, or do you want to own a place now because you have kids or whatever?
4. These are non-monetary issues. What's the value of knocking something off your list today so you can have a kid or make memories in your home?

Those things have no value to me, but they might to you. Consider those factors.
5. The second kind is the "give it to me straight" type of agents. They tell you info regardless of whether it's good or bad. Typically investor-oriented commercial agents.

They're developing a reputation for high volume clients, & are looking for repeat biz, not a sale.
6. Probably not in your market but good accounts to follow as examples of "give it me straight agents" with solid market insights that might be beyond what a regular buyer needs:
- @JShamess
- @areacode416
- @daniel_foch
- @JohnWake
7. some agents to follow that are good at "buy when it's right for you":
- @agentgina1
- @Hutchyman
- @REWoman
- @loveurhome
- @dfwaaronlayman
- @agenthinsch
also shoutout to @davidlamarand in Detroit, who's been dealing with me buying a gift for like a year and is still super nice despite the fact I'm super annoying.

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More from @StephenPunwasi

Nov 23
Quick lesson on average prices that every investor should understand.

It doesn’t matter if it’s a house, car, stock, or roll of steel. Traders & quants will view it very differently from the average person.

<thread> 🧵👇
2. One of my favorite car accounts posted that a 2021 model of an exotic car dropped 30% in value.

You think it’s shocking. It might be, it might not.

There’s a lot of questions when you’re trying to assess what that means though, especially if you’re putting money down.
2. The model is a 2021 Mercedes G Wagon.

Basic facts:
- the stat shows it’s an 30% drop ($80k) drop from 12 months ago
- base model US$160k
- fully loaded $280k

Now a 30% drop is shocking, as per the data. However…
Read 7 tweets
Nov 22
I really hope someone that’s been a Realtor in Newfoundland for less than a year spends his whole day incorrectly explaining real estate, bonds, and inflation to me.

Oh score! All of my wishes come true on this app.
It’s the client’s fault for listening to Realtors. Our job is to forecast, and we have insurance when we’re wrong. 🤪

Does Newfoundland have no standards? Good example of why the real estate industry shouldn’t be able to self regulate.

@_nlar @nevinhollett
I don’t know, man.

If I’m a journalist talking about money laundering in Toronto and Vancouver, I have a lot of questions about a Realtor in Newfoundland that spends his days attacking me.
Read 5 tweets
Nov 21
Wang Fengyou built a $1.2 billion business, and few people probably recognize his name.

Here’s how the person known as a “model entrepreneur” was able to do it in just 8 years.

<thread> 🧵👇
2. In 1999, Fengyou launched Yilishen Tianxi & made “herbal” medicine from ants.

As you’d assume with such quick growth, they needed ants and investors really fast. To do that, he didn’t go to investment firms, but to working class people that received a windfall from land sales
3. They would invest in an “ant farm,” & a company rep would collect the ants every 90 days when they reached peak size, banking a ~30% return.

The ants then used a high tech process to turn them into pills or wine. The biggest product was an as “herbal Viagra”
Read 8 tweets
Nov 19
Fun fact: 🇨🇦’s organized crime problem is so big, authorities consider it too dangerous to investigate.

Criminals were literally running a loan shark operation out of a casino, and had “parking privileges.” 😬😂

globalnews.ca/news/7593419/b…
2. Casinos aren’t even safe for totally normal patrons that just like to visit often.

Imagine being hassled by the RCMP, finally beating their baseless allegations, and then this happens?
3. Seriously.

Bruh couldn’t just have a nice dinner with a friend without being gunned down at the restaurant? 😤
Read 13 tweets
Nov 18
Notice a surge in car thefts? 🙋‍♂️

Many are exported to Africa.

You know those Nigerian Price emails? Same folks.

An "ultra-violent cult" from Nigeria built one of the most complex criminal networks in history & you'll never guess how they wash money.

<thread> 🧵👇 Image
2/ The group is called Black Axe. Ask anyone from Nigeria (or Africa tbh): they're ruthless & massive—rivaling the mafia or cartel.

Drug & human trafficking, document fraud, murder, car theft rings, internet scams—they do it all.

They also have a complex laundering network.
3/ You know the Nick Cage movie Gone In 60 Seconds? The premise is a mythical car thief could steal an unlocked car in just 60 seconds.

This is an alleged Black Axe member stealing a *LOCKED* car in Toronto in less than 48 seconds.
Read 16 tweets
Nov 17
Actual footage of an intelligence unit in 🇨🇦 lecturing me this morning.

Quick 🧵
2. I was asked to apologize for something by noon, and I want your feedback.

I said FINTRAC withheld an intelligence report from B.C.’s anti-money laundering inquiry about an organized crime group called Black Axe.

They argue they provided it…
3. The one they provided to the Cullen Commission is on the left, and the one I used is on the right.

Do they look the same?
Read 11 tweets

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