Ozzie Jurock

/Ozzie Jurock

About Ozzie Jurock

Ozzie helps members build an action plan toward real estate success with his Real Estate Action Group, arming investors with the best information and insights possible with his Jurock Real Estate Insider. More info OzzieJurock.com

August 2015

What is a cap rate anyhow?

By |2015-08-08T11:41:52+00:00August 8th, 2015|Hot Tip|

Investors are always searching for profit or yield, but how do you know what actual cash flow there comes out of a given property? Well, Real Estate investors – small and large – use what they call a cap rate to find the true net income. But to find that elusive rate is one of most difficult and perplexing problems for realtors and investors. Market comparables are often hard to find and the income and expense statements often only a wild dream by the owner.

Comparables for an older apartment building may also be harder to come by – not as easy as […]

Islands in the Sun – Recreational island investing

By |2015-08-01T19:09:20+00:00August 1st, 2015|Hot Tip|

Recreational island investing … often it is better to poke yourself with a sharp stick in the behind.

Things to do – why you should be doubly careful when investing In Your Island in the Sun

  • We forget that islands take ferries (some take 3 ferries)
  • Building at waterfront could be impossible (can no longer go to the water – 100 ft. away)?
  • Buying on a “No ferry islands” – boat access only – hardly any use?
  • Location – west view is best – look where your island property gets the sun? Morning or afternoon sun?
  • Mortgaging difficult – if owner carries – get 10 years length
  • WATER: water well … just enough to brush your teeth. […]

Gibsons condo

By |2015-08-01T11:05:52+00:00August 1st, 2015|Hot Property|

1. Gibsons condo

Top floor condo rented at $1,000. Price $158,500

  • walking distance to shopping, restaurants, transit, schools
  • s/s appliances, in-suite laundry, natural gas fireplace

2. Mission

1 bedroom condo listing for $86,000 in Mission. The rent in that area is $850/month. The SELLER will carry financing.

With a 20% down payment monthly cash flow is $150.

 

July 2015

Facts By Email #28 – July 27, 2015 – August 03, 2015

By |2016-01-23T12:40:28+00:00July 27th, 2015|Facts By Email|

QUESTIONS, QUESTIONS - HOT PROPERTIES US MARKETS UP, UP AND AW OIL? CANADAN DOLLAR? HARRY DENT, MARTY ARMSTRONG IT IS EASIER TO CARRY A MORTGAGE TODAY THAN IT WAS 20 YEARS AGO AT LOWER PRICES MORTGAGE RENTALS - GETTING HARDER TO GET YOUR RENTAL INCOME ACCEPTED

Facts By Email #27 – July 20, 2015 – July 27, 2015

By |2016-01-23T12:39:16+00:00July 20th, 2015|Facts By Email|

QUESTIONS, QUESTIONS - LLLPs, GOLD HOT PROPERTIES WHY DID THE CENTRAL BANK LOWER RATES? TO TRASH OUR DOLLAR! A 35 DOLLAR DEAL WITH PETRONAS NO REALITY? THE NORTH A REFLECTIVE QUARTER - CALM BEFORE THE STORM? THE AYATOLLAH WINS - KEYSTONE AND CANADA LOSES BEST VARIABLE RATE 1.98%

Banks keep almost half of the rate reduction!

By |2015-07-26T12:24:49+00:00July 18th, 2015|Hot Tip|

Ask your bank why!

When the Bank of Canada cuts interest rates, it does so in an effort to jumpstart the economy by making it cheaper for consumers and companies to borrow money.

The central bank cut its rate by a quarter percentage point last Wednesday, the second such increase this year for a total of .5%.

It passed on that cut by only .3% … so a total of a .50 reduction by the Central bank to our fine banks … resulted in only a .30 reduction in mortgage and credit lines and all variable loans – the rest into profits for banks.

So: on a $400,000 mortgage in Vancouver you should […]

Rare Kamloops Triplex

By |2015-08-01T19:06:51+00:00July 14th, 2015|Hot Property|

1. RARE Kamloops Triplex in North Kamloops. GREAT Income. Sale Price: $429,900. Monthly Rent: $3465;

2. EDMONTON; No Money Down Condo in Edmonton. 1 unit left in a building that has been redone and stratified. He is offering some creative ways to sell it which can equate to a no money down deal. The unit is a bedroom unit close to the river valley.