selling

/Tag: selling

March 2016

Many strata councils are  voting “no tenants allowed”

By | 2016-03-12T14:22:59+00:00 March 12th, 2016|Hot Tip|

You are reducing the value of your condo! When time comes to sell you take out about 50% of the buyers that want to buy for investment.

Many condo councils are voting out tenants (you then can only rent to family members) and yes they can do that!

The idea seems to be that tenants are problems.

Actually there are countless owner run stratas in Vancouver that have a multitude of problems.

  1. Owners that live there can be picky, don’t like each other and fight like cats and dogs
  2. well run tenant building is almost  always better than an owner occupied building
  3. Owners that hire a professional (!) management company for the selection […]

October 2015

Facts by Email #39 – October 12-19, 2015

By | 2016-01-23T13:07:02+00:00 October 13th, 2015|Facts By Email|

4 BEDROOMS, 3 BATHROOM HOUSE, BUILT IN 2006 - ONLY $179,900 CASH FLOW PROPERTY IN THE LOWER MAINLAND LOOMING BC STRATA RULE COULD CHANGE RESALE MARKET - ALLOWING EASIER SALES OF ENTIRE BUILDING THE ILLUSTRIOUS JIM DINES ON THE GREAT MICHAEL CAMPBELL SHOW EAST VANCOUVER PRICES RISING FASTER THAN NEW YORK CITY CALGARY CONDO INVENTORY PILING UP LOTS OF DEALS REQUIRE BEST POSSIBLE PREPARATION FOR GETTING THE MORTGAGE PARKING CASH FOR PROFIT NORTHEAST MARKET OUTLOOK

August 2015

Not losing money is as important as making money

By | 2015-08-22T11:33:06+00:00 August 22nd, 2015|Hot Tip|

There are of course a lot of ways where we could lose money … but the big three are:

  1. Buying the wrong product
  2. Not understanding the system/jurisdiction you are in
  3. Buying without subject when you have not sold your current house yet.

For instance, if you had bought a regular condo (unlimited personal use) in 1998 in Whistler you would have seen values overall double, but had you bought a Phase 2 (limited personal use) condo … you would be just even. BUT, had you bought a quarter share you lost 40% or so and had you bought a hotel unit you lost 60% and more.

Also, […]