November 30, 2012
10 Tips For Investing In Commercial Real Estate
Having the right perspective, and plenty of patience, are necessary traits for investing in commercial real estate. Experts say that success in commercial real estate investments requires the willingness to spend a lot of time and effort upfront in researching, developing the right relationships and identifying the right type of investment. See the following article fromREIClub for more on this.
Most real estate investors get started buying single-family houses, probably because it's what we're the most familiar with. But whether you're going straight to the big time or are ready to advance from houses to larger (and more profitable) deals, here are 10 time-tested guidelines to follow that will help you have more success.
Tip #1: Think...
November 30, 2012
New property listed in Central Pt Coquitlam, Port Coquitlam
I have listed a new property at 32 2445 KELLY AVE in Port Coquitlam.
The best deal in town. Don't miss this nicely updated 2 bedroom condo w/generous room sizes & insuite laundry. Updated kitchen w/maple cabinets, new countertops & laminate floors. Recently painted throughout plus new Heritage doors with new 4" casings & baseboards. Updated 4 piece main bath with newer cabinets, countertops, ceramic flooring & tub surround. 2 good sized bedrooms with double closets & a nice big living room with a slider to the large covered balcony. Maintenance fee includes heat & hot water, indoor pool, sauna & hot tub.
November 28, 2012
A good time to look for investment property ?
If the real estate market is headed for a correction, then it presents a historic opportunity for buyers of investment properties. The main reason is that interest rates should continue to remain at historic low levels, even as prices fall. The key thing to remember is that the property must have positive cash flow.
What I mean by positive cash flow is that after you make your down payment, the income you receive from tenants is more than what it costs for your mortgage payment, property taxes, maintenance and utilities (if not paid by your tenants). Budget an additional 10 per cent for unanticipated repairs, as these always come up.
If you’re going to take a dip into commercial real estate, make sure, you must have the right team...
November 27, 2012
New property listed in Birchland Manor, Port Coquitlam
I have listed a new property at 15 2986 COAST MERIDIAN RD in Port Coquitlam.
Opportunity knocks, this is the cheapest FULLY detached home in PoCo. With 3 bdrms & 2 bathrm this is a home that you can grow INTO instead of out of. Stay put, put down some roots & build up some equity. Located at the rear of the complex,this is a great family neighbourhood with its own playground & no traffic, ideal for the young family. This home is a diamond in the rough, mostly original but clean & tidy w/ new carpets & line & fresh paint thru-out. Updated homes in this complex have been selling in the $360's. Main floor features a nice open living rm & dining rm & good sized kit & E/A w/slider to a large covered S/D & fenced yard. Upstairs has...
November 27, 2012
I have sold a property at 106 1558 GRANT AVE in Port Coquitlam
I have sold a property at 106 1558 GRANT AVE in Port Coquitlam.
Don't miss this EXTREMELY well priced 1-Bedroom Condo with large bedroom, 'his & hers' double closets & a 4-piece semi-ensuite. Nice open living & dining rooms with gas fireplace and a slider to the private covered patio. Good sizedkitchen with eating area. Insuite laundry/storage room. This has to be one of the best deals in town. Close to everything.....shopping, banks, transportation & rec centre. With just $9,000 down & payments of $970 per month including maintenance & taxes, this home could be yours, why pay rent?
November 26, 2012
Real: 5 tips to start a bidding war for your home
While it's a far cry from the heady days of the real estate bubble, the revival of home bidding wars in some parts of the country spells opportunity for sellers.
"The housing market has been skipping along the bottom since 2007," said Doug Breaker, president and CEO of HomeFinder.com in Chicago. "There's pent-up demand now as people are finally realizing prices won't go too much lower."
With more buyers in the market, sellers have greater control over the sales price and may see multiple offers.
There is one caveat: "To get a bidding war, you have to have a good location," said Brendon DeSimone, a real estate expert in San Francisco. "If you are in front of a bus stop ... it's not going to happen."
If you live in an area that's...
November 25, 2012
House-rich, lifestyle-poor in Vancouver
VANCOUVER -- Boomers who grew up in metro Vancouver in the 1950s have nostalgic memories of a port city where their parents owned a house, they played soccer on the street with pals after dinner, and neighbourhood loyalties were strong.
Occasionally families moved on when Dads got promotions but, by and large, the street tribe of families grew up together. Empty nest couples stayed on in their homes as long as possible. My grandparents lived about three miles away, and we drove there for Sunday dinners. Our cleaning lady lived in a house three blocks away from our place in Dunbar. My friends and I walked to school after breakfast.
I have vague memories that entry prices for west side homes in the early 1960s were in the $15,000 to $20,000...
November 24, 2012
Canadian Real Estate: Has investment become high risk?
DATE: 18 OCTOBER 2012
POSTED BY : BY RAMAKANTH
Real Estate, along with Gold and Oil, is said to be one of those commodities that has a never ending demand and limited supply. It seems that Real Estate business it has finally hit its glass ceiling as far as Canada is concerned. There has been a marked decrease in the demand for newer constructions in the past few months.
“We expect a gradual unwinding of the imbalance in both sales and prices over the next few years” says Francis Fong, who is an economist in Toronto-Dominion Bank. Fong states that low interest rates on land are the only reason for the existing demand of homes.
Canada, with its economy heavily linked with USA due to the North American...
November 23, 2012
Experts suggest charging Metro Vancouver drivers to cross city boundaries Cross-border fees could pay for transit projects
By Kelly Sinoski, Vancouver Sun
Read more: http://www.vancouversun.com/news/Experts+suggest+charging+Metro+Vancouver+drivers+cross+city+boundaries/7406477/story.html#ixzz2D5KlBKvD
Tolling all the region’s bridges might be a tough sell, but TransLink could consider charging drivers a “zonal” fee to cross municipal boundaries, a U.S. expert panel on transportation suggests.
The suggestion, offered to Metro Vancouver mayors Wednesday, was among several potential “road usage” fees — including charging drivers a few cents per kilometre — that could generate much-needed funds for transit in Metro Vancouver.
The panel, invited to speak with Metro Vancouver mayors who are leaning toward...
November 23, 2012
Canada has done enough to prevent real estate crash like the U.S., Spain: Flaherty
TORONTO - Canada has done enough to slow its housing market and prevent a crash like that seen in the United States or Spain, Finance Minister Jim Flaherty said on Saturday.
Speaking on CBC Radio, Flaherty said he had no plans to take further action to take froth out of the housing market, after a series of moves to tighten conditions for mortgage lending. The most recent change was in July.
“We’ve done enough, I do not intend to do any more,” Flaherty said, adding that he was pleased at signs of a slowdown in key sectors of the market, like the condo market in the big cities of Toronto and Vancouver.
Canada’s housing prices fell during the global recession, but the market bounced back stronger than before, with bidding...
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