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Good Debt vs. Bad Debt

There are a lot of negative ties to the word "debt" but not all debt is the same.  If you're not sure what kind of debt you have, ask yourself whether your debt is going to improve you life in any significant way. Bad Debt Credit card debtCar LoansPersonal Loans Bad debt exist and are used to pay for things that lose value overtime. Any consumer debt are things you want to pay off as soon...

“Real Estate Does Not Run on Emotions”

Real Estate doesn't work on emotions. It functions like other businesses do, with logic and dynamics. It's easy to speculate and hope that the housing market will crash, or the bubble will burst before you buy. But this is only detrimental for you in the long run. Activity in real estate is dictated by mortgage interest rates, inflation, and the effect of supply and demand. If the real estate...

Investor Insight – July 2021 Stats

July had it's lowest inventory since 1981. But that's not a bad thing! What does this mean for you? Fraser Valley Real Estate Board has released the Statistics for July showing that the activity for the housing market has softened for both sales and new listings. Despite this however, there continues to be a significant difference in buyers to sellers with a larger amount of buyers and resulting in...

WHAT YOU NEED TO KNOW ABOUT LEVERAGE

Do you know how to take your current investments and leverage them to purchase more? I'll give you a hint. You don't have to sell them. "Leverage uses borrowed capital or debt to increase the potential return of an investment. "LISA SMITH @ Investopedia Real estate is the most common way to leverage your investment wither with your own money or through a mortgage. Let's work with a real...

HOUSE HACKING EXPLAINED

House Hacking is a strategy when you rent out a portion of your primary residence in order to generate income that offsets your mortgage and and other costs that are associated with owning a home. Why is this good? 1) It Mitigates Your Monthly Expenses cost. In some cases it brings down your monthly mortgage expense to zero. Or even turns it into a profit. When that happens, it...

WHAT IS A GROW OP PROPERTY

A Grow Op Property is any property that Marijuana has been grown in illegally. The first thing that you will notice about a listed Grow-Op property is its low selling price due to its status. Many will probably jump at the opportunity to secure a good deal but we seriously suggest you stay in your seats for this. There's a popular misconception that if the property gets remediated and cleaned up...

Subdividable Properties 101 – With Jas Oberoi

In 2018, my clients purchased a property in Delta for $1.1 million. After subdividing the property, fixing up the application, finishing the third reading, the value of the property grew to $1.6 million. Half a million in less than three years. That's the reason why we recommend subdividable properties to our clients. A subdividable property is a property divided into two or more lots and the...

Investor Tip: BC Real Estate Market Insight

Congrats! As of June, 2021, in BC the market has finally slowed down now and is on a downward trend compared to January and February! You might be wondering why that’s worth celebrating, if business is low, and we’ll tell you why.  When the market is hot and everyone is buying, they are fighting and bidding over a few properties because the demand outweighs supply.  The best time...

6 Mistakes to Avoid for First Time Homebuyers

1. No Clear Budget Jumping blindly into Homebuying without any knowledge of your budget could easily land you in a tricky situation. Most likely it will result in you falling in love with a home outside of your budget- worst case scenario you make an unachievable offer on it. The wake-up call will hurt and it may cost you the chance for a perfectly fine property that you overlooked. 2. Skipping...

Stop panicking properties being sold for WAY OVER their listing price.

Stop panicking properties being sold for WAY OVER their listing price. Buyers don't be fooled by properties selling for amounts so much higher than asking. Sold properties that boast being sold $300,000 above asking price and the like, these are no accurate comparables. Being listed below what the actual selling value is a marketing strategy. The most accurate comparable is to find what the most...

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