Joan Hing King - The Condo Store Realty Inc.

Description

Joan Hing King is a woman always searching to create "win-win" scenarios, both in business and in her own investment portfolio. One single anecdote sheds light on how this approach defines her success in real estate - and demonstrates her true character as well.
You see , Joan is a former financial advisor who had founded The Oakville Real Estate Club, a networking club for investors throughout Greater Toronto. One day , Joan was approached by a friend who needed to find a rental property in downtown Toronto. The woman couldn't afford to buy and was on a strict rental budget, but Joan - always striving to create "win-win" -agreed to look into the situation and see how she could help. After conducting some research, Joan discovered there were new units being built that would be perfect for the woman's needs, and Joan was willing to purchase one and rent it to her. On paper , it all added up to the right thing to do. There was only one problem: securing down payment. "I needed $8,500 in cash to put down payment on buying theses two condos. I didn't have the cash at the time, but I did have a car that was paid for." Joan sold her car to the dealership and then leased it back in order to acquire the cash. She help her friend get the rental properties she needed, and several years later, Joan sold each of the properties for $100 thousand more than she paid for them. Win-win, indeed.