Victoria
Real Estate 
Investors Club Newsletter
May 2013
Comfort Hotel May 28 7pm
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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, June 15
9:30am, RSVP req'd
Princess Mary Restaurant
On West Bay in the inner harbour, at 453 Head St in Esquimalt
reserved under Real Estate Club
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Andy Vickers
250-477-7555
Mortgage Broker
Harbour View Mortgages
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|  Hi Folks!
When I ask myself why I'm a real estate investor and dig deep, I always find at the bottom that I want to serve others. That's where the juice is for me. The article I've included below (after the meeting announcement) includes all the ways that we serve our communities as RE investors. Warm and fuzzy feelings may result BUT keep the ego on a leash :-) BIG NEWS this month! Because the upcoming meeting on May 28 is a joint effort with REAG, Ozzie Jurock will be the speaker! If you subscribe to his Facts By Email newsletter you'll notice his post-election comments on Northern BC are VERY optimistic about the economy and real estate market there. He also reminds us about his predicting ability when it comes to elections and RE market swings. Given his track record, we must grudgingly accept his wisdom, if not actually use his info when we call our bookie. His talk on May 28, 7pm at the Comfort Hotel (NOTE LOCATION CHANGE) is appropriately titled The Upcoming RE Boom in Northern BC. Even if you don't plan on sending your time and money up there, if you like BC then this talk will be of interest. Ozzie always backs up his predictions with lots of facts, stories and interesting observations about how things are cycling and changing. Well worth the $20! Check the RE NEWS articles to the left for more info on Northern BC economy. See the picture in the title of this newsletter? That's a view from the small balcony of our condo in Langford. I took that to show my sister-in-law in Ontario what our front yard looks like. She was impressed! Of course, since Denise has decorated the condo the inside is impressive too! We're heading to Phoenix soon and will be doing a vacation rental on it. The website is here. A new discovery for us is another website for those who have a room/house for rent and want the whole world to know about it. Check out airbnb.com. Our ad is here and to the left. This is a great tool for those who want to optimize the income from your properties or even your rooms and like the idea of showing the whole world. See you Tuesday! Gord Knox |
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Meeting Tuesday May 28 at Comfort Hotel
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Speaker: Ozzie Jurock
Topic: Upcoming RE Boom in Northern BC
For the next many months the VREIC monthly meeting is a shared meeting with our friends at the Victoria chapter of REAG (Real Estate Action Group). Ralph Case runs REAG and will be running this meeting. His friend Ozzie Jurock has agreed to speak to us on May 28. His research and experience with real estate investment in BC is extensive. The information he will provide on Northern BC economic indicators, political influences and long-term cycles he pays attention to will lead to a VERY informative talk.
Comfort Hotel & Suites (NOTE Location Change)
3020 Blanshard St
7pm - 9pm
$20 at the door (annual members no charge)
After-Meeting Meeting at Redds down the hall and up the stairs.
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How We Service Our Community As Real Estate Investors
| By Karen Rittenhouse
As real estate investors, we provide a tremendous service to many people in our communities, but we often get a bad rap. Why is that? Well, as a group, we haven't done a very good job getting the word out about the benefits we bring into neighborhoods; you hear most often from people who are unhappy; and bad news seems to be what sells for the media. Add them all together and you can see why, often, what people hear about real estate investors is the problems caused by the few unscrupulous ones.
Being the person in our company who does most of the online marketing, I'm constantly striving to let people know who we are and what we can do for them. In thinking about it, the impact we make is pretty extensive! Here are some of the ways I've come up with on how we investors benefit our communities. They are, in no particular order of importance:
1. We buy houses from sellers who want or need to sell.
In doing this, we help sellers move on with their lives and keep property values up as we reduce the number of for-sale properties on the market.
2. We buy run down, abandoned, vacant, and foreclosed properties that the average home buyer doesn't want to purchase.
Keeping vacancies and the number of for-sale properties low, bringing up neighborhood values, and keeping crime and rodents from moving in.
3. We renovate properties to sell.
In doing so, we increase neighborhood values by improving the overall appearance of the area. Some properties need only a minor face lift, but we also purchase extremely run down homes in nice neighborhoods and put in significant time and money to fix them up. It's not uncommon for neighbors to drop by during the renovating process to thank us for what we're doing.
4. We sell properties at a good value to buyers.
Because buying and selling houses is our business, we want our properties "sold", not "for sale". We fix them up to a point where they are attractive and desirable to buyers, then we list them for less than full retail so that they sell quickly. Our buyers receive quality homes at a great value.
5. We provide quality, safe, affordable housing for tenants.
Investors provide housing for a large segment of their communities, housing for those who are unable or don't want to own a home of their own.
6. We employ a lot of people.
contractors
sub-contractors - electricians, plumbers, dry wall installers, framers, roofers, painters
HVAC contractors
landscapers
appraisers
inspectors
exterminators
real estate agents
lenders
title companies
insurance agents
attorneys
carpet cleaning companies
house cleaning companies
marketing companies
accountants
CPAs
and more
7. We support both small businesses and the big box stores.
Because we buy A LOT of materials from local hardware and supply companies.
8. We provide great financial returns for investors who want to be involved in real estate.
Many people want to invest in real estate, but don't want to put in the time to own or manage their own properties. We offer returns on their funds secured by a tangible asset, real estate. We offer investors much higher rates of return than they can receive from banks, CDs, or their 401k.
When we come into a neighborhood, all the residents benefit. What can you add to the list?
My name is Karen Rittenhouse and I've been investing in real estate full time since 2004. In the past few years, I have bought and sold roughly 100 single family homes. Please check out my blog - http://www.KarensPerspective.com.
As a company, we buy, sell, rent, lease, owner finance and manage properties for ourselves and for others. Check out our site at http://www.AllPropertySolutions.com .
I also coach and train anyone interested learning about investing in real estate.
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OPPORTUNITIES
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Disclaimer: Gord's using a realtor, call her for a viewing. If you buy this house and then realize the location is on a major thoroughfare and there's traffic noise on the east side and then can't find tenants, don't come crawling to me. Check it out before buying!
Gord Knox says:
Nanaimo Property, investor readyWe've dropped the price of our property for sale in Nanaimo. See listing here. At $199,000 with a potential rent of $1,200/mo it's definitely investor ready. With 20% down and tax and insurance included, it'll cash-flow at 3% interest on a mortgage. Check it out!..........Gord
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