advert
|
|
| Nanaimo Club
|
Special Event!
|
May 5, 2009
Come prepared to play with your beliefs about how your RE investing is going. Lots of fun, lots of prizes!
Beban Park Rec Centre
2300 Bowen Rd
Room 8
7-9 pm
right off the breezeway
|
Keller Williams Realty
323-1095 Mackenzie Ave
Victoria BC V8P 2L5
250-595-3200
david@davidhale.com
|
Wealth by Design
proudly presents
'The Work of Byron Katie'
as facilitated by our own club member Rick Hoogendoorn
Learn to clear the mind and deal with thoughts like
"I can't find a property, I'm afraid to put in an offer, I won't have any income when I retire".
Free Info Night
Monday May 4th
7:00 pm
Wealth by Design Office #104, 2780 Veterans Memorial Pkwy
www.thework.com
Call for more info or to register 294-7925 or email
admin@wealthbydesign.com
|
|
|
Victoria Real Estate Investors Club Newsletter
April 2009
|
Hi Folks!
As my friend Chuck's voicemail message used to say "Spring has sprung and the grass has riz, there's no tellin' where I is".
I got the new/used Husqvarna lawn mower going at our Hillcrest property yesterday. That little machine just works, goes in the ditch, bag empties easily, no fuss. It's nice when things work like they're supposed to.
I replaced my first timer in a fridge yesterday as well (two successes in one day!). After a short conversation with the appliance tech guy at Westcoast Appliances I was qualified. $16 and 20 minutes. Nice!
Denise put some Melamine paint on two countertops in another suite last week. Not bulletproof yet simple to apply, looks great, low cost, ugly scratched surface has disappeared. Leaning against the edge after painting is NOT a good idea.
We've done our own property management for four years now. I've learned a lot of neat stuff (most guys love that quick-fix stuff), acquired great relationships with service folks, become a fast worker and generally felt in control of our properties. One of my dreams as a young man was to become an auto mechanic. Managing property feels a bit like I'm manifesting that. Denise thinks I waste time doing it myself and yet I feel on purpose while using the tools.
Property management's not for everybody. Neither is dealing with sellers, buyers and realtors. One can farm out all that stuff. WHAT IF you have a "natural" urge to take those tasks on, even if it's a bit "inefficient"? I think you should go for it! When we do tasks that align with our inner dreams/urges/hearts we experience "quality time" and in my opinion that's time well spent.
Check below for this month's meeting info with Drew from Evolve explaining their Ethical Investing System.
If you want to get playful at the Nanaimo Club meeting on May 5, drive up with me. We can chat about the weather, real estate, meaning of life, whatever on the way up and back. See sidebar for details.
BTW I sent out a reminder for the mid-month breakfast meeting to you all on April 17. Did anybody get it? If so, where were you all??????
Gord
|
April 28, 2009 Meeting
Drew Betts, of Evolve Investment Group Inc. will speak on their Ethical Investing System.
They say:
In a perfect world investments would be simple and easy to understand.
Investment companies would clearly disclose all the facts, allowing us
to make informed decisions. Investments can be complex and difficult to
understand. Key facts can be buried in the fine print, or not included
at all, removing the possibility of making informed decisions.
We feel that it is your right to have investments that can be clearly
understood; investments that work for you; investments that are fair.
We call these Ethical Investments and we believe in giving you the
knowledge of what to ask and what to look for to identify them.
Our 7 Investment Fundamentals:
Investment Structure
Exit Strategy
Profitability
Security and Transparency
Track Record
Investment Manager Incentives
Business Plan
7 - 9 pm
Executive Eurostar Hotel
3200 Blanchard St.
Victoria
$15 at the door (no charge for annual mbrs)
after-meeting meeting at Red's down the hall
|
OPPORTUNITIES
Cheri Crause says:
Investment Condo for Sale,
103-1342 Hillside Ave, Offered
privately for $235,000 or will list on May 8 for $245,000
2 bed, 1 bath, Insuite laundry, Ground floor with patio,
Easy central location, On major bus route
853 sq ft, Storage locker, Parking stall, Rentals allowed,
No age restrictions, No pets
Laminate flooring in entry, hall, dining and living rooms,
Freshly painted in July 2008
New hot water tanks (2 small ones), New toilet in 2007
Currently rented for $900.00 plus utilities, Very well
run/managed building
Insurance per year is $189.00, Taxes in 2008 were $1093.73
(gross), Strata fee is $183.47
Contact Cheri Crause at 250-213-6014
Cornell says:
I just thought I'd touch base with you all on my recent real estate trip to Ecuador.
We (myself & 3 American partners) have almost
completed our due diligence on the purchase of our 1-acre oceanfront lot (price
is only US$45K!) in the cute little fishing village of Puerto
Cayo and expect to close on it next month.
Our lawyer, Roberto Moreno, is investigating the title
and the municipality to see if there are any issues with future development on
our lot. We are getting an engineer to
measure the lot and have it fenced so that we can ensure we know what we are
buying. Although foreigners can own land
freehold in Ecuador (just like in Canada), the buying process is somewhat
different and you must *always* use a good real estate lawyer to protect your
ass!
Our plan is to build a few condos on the property and use
them as rentals and to live in for several months a year. Building costs in Ecuador are very low. You can get very nice construction with
beautiful trim for about US$35 per square foot.
And a huge swimming pool costs about $15,000 complete! Landscaping costs are ridiculously low - the
cost of landscaping a one-acre parcel from a complete desert to amazing
tropical paradise is well under $5,000!
Check out: www.ecuadorliving.com <http://www.ecuadorliving.com/>
I will be going back to Ecuador in 6 - 12 months and
scouting for a very large property (50 - 200 acres) near the ocean in this
area, for a group purchase by us Canadian real estate investors!
I have 5 or 6 interested friends & investors so far
and we are looking for a few more.
The object is to buy a large parcel in "bulk" with
all-cash (cash is King there) and thus negotiate a very low price, then sell
off about half of it in smaller parcels to recoup all our money and make an
immediate profit within a year or 2.
And we keep the other half for free, for our future
enjoyment & potential development!
If this is the kind of opportunity you are interested in,
please let me know and if so, how much cash you would be interested in
investing.
Thanks!
Cheers, Cornell
www.webuyhomesbc.com
4 Pillars Consulting Group, Vancouver Island Office
Suite #230, 1-5765 Turner Road, Nanaimo, B.C. V9T 6M4
Tel: 1-866-756-9239
Fax: 1-866-756-0150
Cell:
250-616-9053 cornellp@4pillars.ca www.4pillars.ca
PS: I am heading
to Belize from April 21 - 28 to check out a preconstruction condo deal on
Ambergris Caye.
I put down $1,000 and the developer is offering 100%
financing on the balance, with a price of $99K for the small 1-BR units...we'll
see if they are worth it...
PPS: Opportunity
to make money by "lending your good qualifications":
I have several 4 Pillars clients in the mid-island area
who are in the unfortunate position of not being able to remortgage their homes
due to poor ratings and excessive unsecured debt.
These clients love their homes and wish to live in them
but cannot afford to pay both their credit cards and the high-interest
mortgages the are currently paying.
Well, I can eliminate their unsecured debt (that's what I
do!) but can't help them keep their homes.
However, their homes do have equity....and these clients
are willing to pay an investor well (cash lump sum, ongoing monthly payments
AND equity) for the priviledge of becoming a co-owner of
their property, as long as the investor can provide their good eligibility so that
they can qualify for a nice new mortgage with low monthly payments. This is a great opportunity to own an
interest in a rental property and get paid for it!
If you are able to qualify for a nice mortgage and are
interested in a long-term investment, please contact me. |
|
|
|
|
