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STEP 4: Make it Automatic
You've been taking consistent steps toward your dream property, which deserves to be celebrated. Sticking to a financial plan takes commitment, and you're proving that you're serious about homeownership. Each week, you're getting closer to turning that dream into reality.
This week, we're taking things to the next level by setting up automation so your savings can grow effortlessly in the background. This step is about working smarter, not harder—so let's dive in!
STEP 3: Break it Down
Welcome back! You've officially made it to Week 3 of our "7 Weeks to Your Dream Rental" journey.
By now, you've identified your total down payment goal— amazing! That's a huge first step. This week, we're taking that big number and breaking it down into small, achievable monthly targets. Because, let's be honest, saving $20,000 sounds daunting, but saving a few hundred dollars a month? That's something you can plan for.
STEP 2: The Downpayment
You know from experience that building up that initial down payment can take a lot of time. And doing it is the best way to get your foot in the door with real estate investing. However, to scale your portfolio, you have alternative financial strategies that could help you grow much faster than saving another down payment yourself. Here are some potential financial strategies that might work for you: the type of property you're buying, and your risk tolerance.
STEP 1: Setting the Foundation
The first step to making your rental property dreams a reality is choosing a dedicated account to save for your down payment.
Which account will be best for you depends on a few things. Let's break them down here:
CHALLENGE accepted
Do you dream of buying your first (or next) rental property but have no clear plan to make it happen?
If you answered yes, the next 7 weeks are for you!
The Banff Collection (Coming Soon)
Since its inception in 2021, TAYCON Homes Inc. has quickly established itself as a trusted name in the home-building industry. This year, they are thrilled to announce their latest venture—an innovative slab home project that is set to redefine affordable, convenient living in Saskatoon and surrounding areas.
Love + Real Estate
An Almost-Proposal on Possession Day...
On possession day, we helped a couple buy their dream home. Sean had the ring in his pocket and almost proposed during the celebration photo
Top 5 cozy Date-Night Spots in Saskatoon
Saskatoon is full of cozy spots for a romantic evening out, and living near these local gems makes date nights even more special. Here are five of the best places to enjoy with your partner:
Pop the Champagne!
When you reach your champagne goal, it’s time to pop the bottle and celebrate the hard work, dedication, and perseverance that got you there.
Champagne Goals… Why?
Setting champagne goals is an enjoyable, rewarding, and effective way to turn your real estate dreams into reality. These goals are more than just aspirations; they're significant milestones that motivate you to push your boundaries, break through limitations, and achieve things you once thought were out of reach.
Where To Set Your Champagne Goal?
Once you've set your champagne goal, the next crucial step is to place it somewhere where you'll see it every day.
How To Set Champagne Goals
Setting a champagne goal is a powerful way to motivate yourself, especially in real estate. It's about aiming high, embracing the challenge, and celebrating your success once you reach it. Here's how to set your champagne goal:
Brainstorming Champagne Goals
As the new year begins, there's no better time to reflect on the goals you want to achieve in 2025. One fun and motivating way to set your sights high is by creating a "champagne goal"—a bold, exciting, and slightly intimidating goal that pushes you to challenge yourself.
A Client Appreciation to Remember
This year, we hosted one of our favourite events yet—our annual client appreciation day! On October 19th, we welcomed past and present clients to All Access YXE for a day packed with holiday cheer and heartfelt connections, and it was nothing short of amazing. The day's highlight was the professional photography sessions we had arranged, which brought people together most delightfully.
A Year of Gratitude
As the holiday season approaches, we reflect on a year filled with meaningful connections and heartfelt stories. Helping families achieve their real estate dreams at Morrison Realty is not just our business—it’s our passion. This year, we’ve been privileged to guide 125 families through their real estate journeys. Here are some of our favourite memories:
Let’s work together