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Victoria Real Estate Investors Club Newsletter
Meeting July 31 |
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Hi Folks!
Summer's here! Yay! I'm spending a lot more time outside. Me and my men's team even got a little skinny dipping in at """"" Lake! Refreshing! It's nice to act like we're young even when we're not. Which lake? Ask me at the meeting. I suggest you read the RE NEWS to the right to get an idea of where the renter market is going in the US. It's good education for getting ready for this month's speaker topic. We've got an interesting topic this month at our evening meeting: "How To Buy An Apartment Building". Yes, in 1 hour you will be all trained and be able to go out the next day and get that big property you always wanted! Ok, maybe not that quick. The speaker, Ralph Case, along with his partner Ozzie Jurock, have purchased many large multi-family properties all over BC. They have a system that works for them and they follow it rigorously. On July 31, Ralph will give us an overview
of that process.
What do you suppose is the first thing we must do to get ready for a big building buy? Get some money? Go find one? Nope. In my opinion, the first step is to DECIDE TO DO IT. Even before that we must know WHY we'd do such a momentous thing. Whys are things like "I want lots of passive income so I can travel alot more" or "I want a bigger building than Cheri Crause is going for so I can be a winner" or whatever. With a great WHY the decision to go for it is way easier IMO. That decision will likely produce a feeling in ones gut of excitement and anticipation. I think that if that feeling is not there then you haven't decided yet. Then after deciding to buy, we can begin all the other tasks (partners, money, where, when, etc). I think that if you do all the steps in the right order, the process will go smoothly and naturally.
Cornell has some opportunities for us, see them down near the end of the newsletter.
See you next Tuesday!
Gord Knox
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Tuesday July 31 Meeting
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Topic: How to Buy an Apartment Building
Speaker: Ralph Case
Ralph Case is President of the
Real Estate Action Group, an organization with monthly membership designed to help members take action in Real Estate investing:
www.reag.ca. From 2004 to 2008 he bought and sold over 1400 residential units either individually or with his joint venture partners. Ralph is co-founder of Worldwide Referrals Realty and has been a speaker at Real Estate and Investment conferences across Canada. He is also an author in Real Estate Action.
Ralph will give us an overview of his system for buying apartment buildings.
7 - 9 pm
Tuesday July 31, 2012
Comfort Hotel
3020 Blanshard St
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ad
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AINEY
CONSTRUCTION
250-818-9725
Renovations, Additions, Roofing, Siding, Fully Licensed and Insured
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ad
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Cheri Crause
Royal LePage
Coast Capital Realty
1933 Oak Bay, Victoria
250-592-4422
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Breakfast Meeting
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Sat, August 18,
9:30am
Princess Mary Cafe
On West Bay in the inner harbour, at 453 Head St in Esquimalt
reserved under Real Estate Club
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ad
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Andy Vickers
250-477-7555
Mortgage Broker,
Harbour View
Mortgages
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OUTLOOK 2013
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Ozzies website says:
DATE: Sat., Sept. 15, 2012 9 am to 4 pm
Join us for our 20th (20TH!!!) annual Real Estate Outlook...
THE JUROCK REAL ESTATE INSIDER REAL ESTATE OUTLOOK CONFERENCE
Our conference is in its 20th year. Since its inception The Jurock Real Estate Insider REAL ESTATE OUTLOOK conference has established itself as the quintessential real estate outlook for the serious investor or homeowner. Fine central venue, seasoned presenters and quality exhibitors.
FOCUS ON YOU!
Where is the real estate market headed for 2013?
What areas to buy? What areas to stay away from?
Where to get the (much tougher) financing?
Specialist speakers from USA, Canada, BC, Alberta
100 properties under $100,000
The focus is buying and selling real estate for the homeowner and especially for the real estate investor.
This year the ALL NEW CONFERENCE will again select the wheat from the chaff...Inflation or deflation, impact of the economy on markets. Highlight major markets such as Vancouver, Calgary and Edmonton but also focus on areas such as the Lower Mainland, Whistler, Vancouver Island, and the Interior. Presenters pride themselves to clarify their outlook and answer questions. Most will be available for the SUPER PANEL. All your questions WILL be answered!
FOCUS ON THE UNITED STATES FOCUS ON CANADA
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OPPORTUNITIES
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Disclaimer: Although Cornell is enthusiastic and has lots of great ideas on how to have fun in one's life, it's important to check out his deals in great detail before you give him any money or sign any contracts. Otherwise, you could be sitting in a hot, crumbling single-wide nursing a hangover with hardly any money left in the bank while Cornell is
driving his fancy BMW to some exotic resort in the interior with the intention of using your cash for his pleasure. Ya know what I mean?
Cornell says:
$49,900!! Retire in VICTORIA!!! Sexy Old Mobile Home 10 minutes from downtown!
GREAT Place to take your girlfriends on the weekend when you tell your wife you're "Golfing in Victoria"!!! Sexy old mobile home on peaceful, quiet leased Reserve land in Esquimalt! Pad Rent only $320/month...that's about $10/day to live in Victoria! BUY this PLACE for your AGING PARENTS!!! Right on the Bus line and easy for Taxis to find! Or just stumble home drunk from the Navy Pub and fall into your waterbed! Only $49,900.... Listed with my Realtor Tony: MLS #309398, but if you call me I get half the commission! 2 Beds, 1 Baths, new laminate floors! Unit 10-1215 Craigflower Rd, Victoria..... For a GOOD TIME, Call CORNELL! 250-616-9053
RENT-TO-OWN 3-BR, 3-Bath Executive Home in in Victoria (Langford)
TURNED DOWN FOR A MORTGAGE? DON'T HAVE LARGE DOWN PAYMENT? GOOD NEWS! You can still own your own home!!! We will "rent-to-own" you this 3 bedroom, 3 bath, Open Plan Luxury Home, with fully fenced back yard for your pets, located right beside Happy Valley Elementary School! Beautiful modern and stylish five year old home, with garage - elementary school right next door. Has a fully fenced back yard and is located close to West Shore Shopping Centre, theatre, parks, lakes, and a 20 minute commute to downtown Victoria. Very close to Royal Roads University. Built: 2006. Floor Space : 1487 sq. feet. Land Size : 3738 sq. feet. Rental Term: From 1 year to 4 years... Monthly Rent: $2,200 - $2,600... Rent Credit: Up to $600/month... Option Fee Deposit Required: $10,000 - $20,000 (goes toward purchase price when you buy)... PRICE: $459,000 on 3-year Rent-To-Own Contract Term; PRICE: $439,000 for 2-year term; PRICE: $419,000 for 1-year term. ***All terms are negotiable for a quality tenant/buyer! CALL Cornell: 250-616-9053 PHOTOS: www.wesellhomesbc.com
DUNCAN 3-BR Executive Home with SUITE! (Rent-To-Own!)
5-year old executive house, with suite, in THE PROPERTIES area of Duncan Size: 2,200 square feet on 2 storeys. Upper level: 3 BR, 2 bath, full kitchen with 5 appliances. Main level: room with washer/dryer, separate large 1 BR suite (kitchen roughed in, but needs fixtures), or use as part of the house. Huge high-ceiling dry cement crawl space for storage! Large attached double garage; Balcony; nice views. Rental Term: From 1 year to 3 years; Monthly Rent: $2,000 - $2,200; Rent Credit: Up to $500/month; Option Fee Deposit Required: $10,000 - $20,000 (goes toward purchase price when you buy); PRICE: $435,000 on 3-year Term; PRICE: $425,000 for 2-year Term; PRICE: $415,000 for 1-year Term. *******terms negotiable for quality tenant/buyer! CALL Cornell: 250-616-9053: PHOTOS: www.wesellhomesbc.com
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