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Good Morning Mikhail

 

Hoping you had a great thanksgiving. Here are this week’s best rates. Need rate sheets for open houses contact me. If you don’t want to receive this email let me know as well.

 

Residential Rates as of October 14, 2014

Prime Rate: 3.00%

 

6 months                    3.95%

1 year                          2.89%

2 years                        2.49%

3 years                        2.69%

4 years                        2.77%

5 years                        2.89%

6 years                        4.09%

7 years                        4.09%

10years                       4.49%

VRM 3years               P - .60

VRM 5years               P - .65

 

Dario Trampus

Mortgage Consultant

The Mortgage Alliance Company

BC Corporate Office Address

310 130 Brew St. Port Moody, BC V3H 0E3

 

 c. 604.209.4106

f. 604.629.6117

e. dtrampus@mortgagealliance.com 

w. mortgagealliance.ca/dariotrampus

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To quote author Simon Sinek's 'Start With Why' - 'I am better than I was 6 months ago, and 6 months from now I will be better than I am today'. Is this email not displaying correctly?
View it in your browser.
mike@onepercentrealty.com here is my most recent blog post.

If you are considering an Open Mortgage or are currently carrying a significant balance on a secured line of credit this post will be of value to you.

Interest only payments are great from a cash-flow perspective, but perhaps there is more to consider, read on.

Short Version

An Open Mortgage, or significant balance on a line of credit, only makes sense if you are paying in out in full inside a 6 month period.

Otherwise the interest rate premium of 1% (i.e. Opens are priced at 3.50% whereas closed variables are at 2.45% or better) will equal the expense of the three month interest penalty to break out of a closed variable mortgage early.

It almost never ever makes sense to take an Open Mortgage, or to carry a significant balance on a Secured  Credit Line as opposed to converting it to a closed variable rate mortgage.

Long Version

We will start with some clarity on a few terms that are routinely misunderstood as they apply to mortgages.

Definitions;

Open – A mortgage that can be paid out at any time without penalty.  A.K.A. ‘Secured Line of Credit’, HELOC, STEP, Homeline Plan, etc.

(The interest rate premium on these mortgage products makes them a questionable choice for many, we will detail)

Closed - A mortgage with some sort of penalty for early payment.  A closed variable is typically the absolute best option for minimal prepayment penalty, as well as minimal interest expense.

Fixed – This word refers to the interest rate component, i.e. the interest rate is fixed at 2.89% for 5 years.

Variable - This word refers to the interest rate component, i.e. the interest rate is set at a discount of .60% below Prime.  Prime is reviewed by the Bank of Canada 8 times per year at preset dates.  The BoC has not moved Prime in over four full years now.

***Variable rate mortgages are convertible to fixed without penalty at any point.  Lenders make it easy as you increase their profits and increase the penalty to break free when you convert to a fixed rate product.

Crossover Point – The point at which the interest expense of the premium paid on lines of credit and open mortgages equates to the prepayment penalty to payout in full a closed variable mortgage.  Typically 6 months, but on occasion as short as 60 days.

Have your Broker to the math for you.

The Math;

Open Mortgage, (Secured Line of Credit)

$100,000.00 at 3.50% (interest only)

Monthly interest expense $289.56 per month.

Minimum monthly payment is $289.56 – (increasing by $20.82 per 0.25% rate adjustment when Prime finally rises).

Closed Variable Mortgage

$100,000.00 at 2.40% (30yr Amortisation)

Monthly interest expense $199.01 per month.

Minimum monthly payment is $389.33 – (A payment that will not increase when Prime finally rises, if placed with the correct lender)

This basic math, leads us to a more interesting question;

 If you were offered a return of $190.00 back on a monthly basis, for each $100.00 invested, is that an investment you would make? 

What if it were a major chartered financial institution offering you this investment opportunity?

An investment of $1,200.00 per year is effectively increasing you net worth by $1,080.00.  Arguably $2,280.00 if the payment increase represents a forced savings plan.

Does a 90% monthly rate of return interest you?

Admittedly cash-flow is negatively impacted to the tune of $100.00 per month per $100,000 of mortgage balance with the closed variable option, but it is very difficult to ignore the $190.00 monthly debt reduction.

There are few better places one could place a $100.00 bill each month.

While speaking of payment amounts, we must keep in mind that a secured line of credit is a variable rate product, and if Prime were to rise just 1.25% the payment (all interest) would then be $391.97 per 100K of mortgage balance.  Whereas with a certain choice of lender you will find that in a closed  variable rate mortgage can in fact have a FIXED payment amount for the entire mortgage term.

Creating certainty of cashflow with a Closed mortgage that is not possible with an Open product.

Let’s look at prepayment penalties.

In a closed variable rate mortgage (again with the correct lender) one will only ever be exposed to a 3 month interest penalty.  Currently that equates to ~$600.00 per 100K of mortgage money advanced.  Recall from above, there is a $100.00 per month interest premium being paid to sit in an Open mortgage product.

In other words the borrower that chooses an Open product pays the equivalent of a 3 months interest penalty every 6 months by way of the higher interest rate.

i.e. sitting in a Open for 18 months will cost triple what being in a Closed variable and paying the penalty would equal.

The lender did all this math for their own benefit when designing these products.  However it is unlikely that this math was spelled out clearly for clients who choose an Open mortgage.

Another Landmine Specific to Secured lines of Credit;

Interest only lines of credit (a.k.a. mortgages) are in fact demand loans.  If the lender gets uncomfortable with the borrower for any reason then said lender is within their rights to demand full repayment within 90 days.  This leads to the next point, the lender may demand repayment of the 3.5% line, but in turn offer a new 4.5% credit line to replace it.  (Revisit 2009 for examples of lenders that increased line of credit interest rates by one full percentage point overnight)

Clients were not impressed.  We humans, we rarely read the fine print.

To be clear I am not suggesting one not have a secured line of credit, quite the opposite as per our own personal mortgage.  Rather I am suggesting one not carry a significant balance on a line of credit for long, and ideally have a line of credit product that offers the ability to lock into a closed variable mortgage which not many lenders offer.

The bottom line;

Keep your options Open, but most likely your Mortgage Closed.

Thank you

Dustan Woodhouse

 
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Good Morning Mikhail

 

Im putting together a weekly newsletter just for realtors. It will be brief, have the best mortgage rates for that week, and a feature article… quick and simple.  I also offer this as a flyer for your open houses…. Tell me how many you want and where to deliver them.

 

This week, I’m sending it as an email. If you don’t want to receive it, let me know.

 

Residential Rates as of October 4, 2014

Prime Rate: 3.00%

 

6 months                    3.95%

1 year                          2.89%

2 years                        2.49%

3 years                        2.69%

4 years                        2.77%

5 years                        2.89%

6 years                        4.09%

7 years                        4.09%

10years                       4.49%

VRM 3years               P - .60

VRM 5years               P - .65

 

Dario Trampus

Mortgage Consultant

The Mortgage Alliance Company

BC Corporate Office Address

310 130 Brew St. Port Moody, BC V3H 0E3

 

 c. 604.209.4106

f. 604.629.6117

e. dtrampus@mortgagealliance.com 

w. mortgagealliance.ca/dariotrampus

 

 Helping you get a GREAT mortgage is what I do

 

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Азы ипотеки

6apr 
2012

By Julep67 (CC)Если вы уже начали искать жилье, я бы посоветовала сначала просмотреть вашу финансовую ситуацию и сделать предварительную оценку возможной суммы покупки, т.е. сделать mortgage pre-approval, таким образом сузив круг поисков. Представляете ситуацию: вы смотрите дом, он вам нравится, вы уже видите себя в нем – а потом выясняется, что сумма не соразмерна  доходу. Очень полезно будет знать месячный платеж, а именно – сколько денег вам комфортно потратить на ипотеку из семейного бюджета. Кстати, это можно сделать и самостоятельно, используя калькулятор:

https://www.rbcroyalbank.com/cgi-bin/mortgage/mpc/start.cgi

Тем более, что предварительная оценка бесплатна и без обязательств.

И хотелось бы затронуть тему, которая сейчас волнует тех, кто покупает новостройки. А именно поговорить о возврате до 10000.00 налогового кредита для покупающих недвижимость впервые. (т.е. бонус до 10 тысяч CAD $)

Итак, вы попадаете под критерии:

- Если вы покупаете новостройку или строите свой дом в Британской Колумбии.

- Вы или вы и ваш партнер никогда не имели основного жилья в Канаде.

- Вы декларируете налоги за 2011, 2012 годы в Британской Колумбии, или вы переехали в БК после 31 декабря 2011 года. Если вы переезжаете после 31 декабря 2012 года, то не попадаете под критерии получения бонуса.

- Если вы намереваетесь жить в доме (не сдаете в аренду)

Вы попадаете под критерии возврата HST:

- Если вы покупаете новостройку, у вас должен быть письменный договор покупки и продажи недвижимости, заключенный не ранее, чем 21 февраля 2012.

- Если вы строите дом, то ваш договор покупки-продажи земли заключен не ранее 21 февраля 2012, и вы заселяетесь не позднее 1 апреля 2013 года.

- Также, если вы покупаете дом, который был реконструирован не менее, чем на 90%, что тоже считается новостройкой.

Бонус будет составлять 5% от покупной цены (жилья или земли), но максимум 10000 канадских долларов. Бонус зависит от вашего дохода и суммы покупки жилья, а это значит:

- если недвижимость стоит 200 тысяч канадских долларов и выше, и ваша зарплата от 75 до 150 тысяч, то бонус 10 тысяч,  от 150 тысяч до 175 тысяч – бонус 5 тысяч, и нет бонуса, если зарплата более 200 тысяч.

Для семейного дохода расчет такой: у вас бонус 10 тысяч, если семейный доход от 75 до 150 тысяч, если 175 – бонус 7,5 тысяч, если 200 – бонус 5 тысяч, и если 225 – бонус 2,5 тысячи. Свыше 250 тысяч – бонуса нет.

Если недвижимость стоит 150 тысяч и выше, то расчет такой: зарплата от 75 до 150 тысяч – бонус 7,5 тысяч. От 150 до 175 – бонус 2,5 тысячи, и нет бонуса, если ваш доход от 150 до 175 тысяч. Для семейного дохода от 75 до 150 – бонус также 7,5 тысяч. Бонус 5 тысяч – от 150 до 200 тысяч, бонус 2,5 тысячи – от 200 до 225 тысяч, и нет бонуса – при семейном доходе более 225 тысяч.

Пожалуйста обращайтесь за более подробным разъяснением.

            604.961.3512       или tetyana.thomas@rbc.com

Удачных покупок,

Таня Томас

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Ванкуверский клуб любителей недвижимости. Заседание № 10.

13may 
2012

Инвестирование в недвижимость Нанаймо, ВС - это вообще хорошая идея?

Сегодняшний гость нашего клуба в представлении не нуждается. Недюжинный литературный талант и высокий профессионализм снискали ему большую известность среди читателей нашей газеты. Итак, Виктор Кириченко – первый говорящий на русском языке риэлтор на острове Ванкувер.

Михаил Скворцов: Что сейчас определяет привлекательность Нанаймо в инвестиционном смысле? Есть ли будущее у Нанаймо?

Виктор Кириченко: Я бы начал с ответа на вторую часть вопроса. Есть ли будущее? Еще какое! Это один из самых быстро растущих городов Канады в силу своей близости к Ванкуверу, и в то же время отдаленности от известных проблем – перенаселенности, проблем с транспортом, криминальной обстановки, и конечно, высоких цен на недвижимость. Мало кто знает, что по численности населения наш город уже обогнал Викторию как таковую, не считая пригородов. Где, кстати, цены на недвижимость недалеко ушли от ванкуверских.

Мы расположены на перекрестке всех островных дорог, имеем 2 паромных терминала, международный аэропорт, прекрасные океанские, озерные, горные парки с пляжами, большие торговые центры. А главное – ну уж очень у нас красиво и просторно.

Еще одно косвенное, но убедительное доказательство преимущества жизни в нашем городе – его русскоязычное население за последние 8 лет выросло на 900 %. А уж наш-то народ знает, куда ехать!

Подробнее о жизни на острове и в Нанаймо – на моем сайте www.victor-k.com.

Михаил Скворцов: Могли бы Вы привести примеры инвестиционных возможностей в Нанаймо и вокруг него?

Виктор Кириченко: Примеры цен на недвижимость: кондо с 2 спальнями в хорошем районе можно купить за 130000 и сдать его в рент за $ 1000. На днях я продал кондо с одной спальней возле университета и парка за… $64000.

Понятно, его нужно было красить-чистить, но также понятно, что при таких ценах вы получите позитивный cash flow. Если говорить о домах, то даже новый дом все еще можно купить дешевле $300000.

Думаете, эти кондо на воде стоят миллион? Ничего подобного! В четыре раза меньше!

Михаил Скворцов: Что отличает рынок недвижимости в Нанаймо, есть ли у вас что-то специфическое?

Виктор Кириченко: Спецификой нашего рынка являются практически одинаковые цены на жилье в очень хороших и …”так себе” районах, в то время как в Ванкувере эта разница просто огромна.

Говоря другими словами, “мерседесы” и “Жигули” продаются у нас почти по одной цене. Понятно, что разумные люди, то есть меньшинство, покупают “мерседесы” – недвижимость в лучшей, северной части Нанаймо. Здесь же живут и почти все русскоязычные “нанаймцы”.

На этом мы заканчиваем наше очередное заседание Ванкуверского клуба любителей недвижимости. Мне хотелось бы от души поблагодаритьВиктора Кириченко. В скором будущем ждем его отчёт о творческой командировке во Флориду.

Смотрите нас в YouTube на MyHomeInMotion. Все последние новости на www. FullServiceLessCommissions.ca. Заходите к нам в гости на Facebook – Vancouver Real Estate Fun Club, желательно, всё-таки полюбив. Слушайте нас по радио CKNW в 2 часа дня May 26, June 30, Aug 4, Sept 8, Oct 13, Nov 17, Dec 15. И, как всегда, всю Вашу корреспонденцию прошу направлять на мой email mike@onepercentrealty.com или позвонить на мой            604-644-6430      .

До скорого свидания. Ваш Михаил Скворцов – One percent realty ltd

“Наша служба и опасна и трудна…”
Виктор изучает рынок недвижимости Флориды со своим ассистентом. Не подумайте хорошего, она же – его жена!

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Strategic information for REBGV REALTORS®

April 5, 2012

1) Home Buyers’ Plan

 

Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time. 
Canada Revenue Agency www.cra.gc.cbannera. Enter ‘Home Buyers’ Plan’ in the search box.

            1.800.959.8287      

2) GST Rebate on New Homes

 

New home buyers can apply for a rebate of the federal portion of the HST (the 5% GST) if the purchase price is less than $350,000. The rebate is up to 36% of the GST to a maximum rebate of $6,300. There is a proportional GST rebate for new homes costing between $350,000 and $450,000. 
Canada Revenue Agency www.cra.gc.ca. Enter ‘RC4028’ in the search box.
            1.800.959.8287      

3) BC New Housing Rebate (HST)

 

Buyers of new or substantially renovated homes priced up to $850,000 are eligible for a provincial enhanced New Housing Rebate of 71.43% of the provincial portion (7%) of the 12% HST paid to a maximum rebate of $42,500. Homes priced at $850,000+ are eligible for a flat rebate of $42,500.
www.hstinbc.ca
            1.800.959.8287      

4) BC New Housing Rebate (HST) for Secondary Vacation or Recreational Homes

 

Buyers of new or substantially renovated secondary or recreational homes outside the Greater Vancouver and Capital Regional District priced up to $850,000 are eligible for a provincial enhanced New Housing Rebate of 71.43% of the provincial portion (7%) of the 12% HST paid to a maximum rebate of $42,500. Homes priced at $850,000+ are eligible for a flat rebate of $42,500.
www.hstinbc.ca/buying_goods/buying_a_home/new_ home_tax_calculator 
            1.800.959.8287      

5) BC New Rental Housing Rebate (HST)

 

Landlords buying new or substantially renovated homes are eligible for a rebate of 71.43% of the provincial portion (7%) of the 12% HST, up to $42,500. 
www.hstinbc.ca 
            1.800.959.8287      

6) BC First-Time New Home Buyers’ Bonus

 

First-time new home buyers may be eligible for a one-time grant equal to 5% of the purchase price of the home, or if you are building a home, 5% of the land and construction costs, up to $10,000. The bonus is based on the net income of the home buyer. This program ends March 31, 2013. 
www.sbr.gov.bc.ca/documents_library/notices /FTHB_Bonus.pdf
            1.877.387.3332      

7) BC Property Transfer Tax (PTT) First-Time Home Buyers’ Program

 

Qualifying first-time buyers may be exempt from paying the PTT of 1% on the first $200,000 and 2% on the remainder of the purchase price of a home priced up to $425,000. There is a proportional exemption for homes priced up to $450,000.
BC Ministry of Small Business and Revenue
www.sbr.gov.bc.ca/business/Property_ Taxes/Property_Transfer_Tax/ptt.htm
            250.387.0604      

8) First-Time Home Buyers’ Tax Credit (HBTC)

 

This federal non-refundable income tax credit is for qualifying buyers of detached, townhome, apartment condominiums, mobile homes or shares in a cooperative housing corporation. The calculation: multiply the lowest personal income tax rate for the year (15% in 2011) x $5,000. For the 2011 tax year, the maximum credit is $750. 
Canada Revenue Agency
www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns360-390/369/menu-eng.html
            1.800.959.8281      

9) BC Home Owner Grant

 

Reduces property taxes for home owners with an assessed value of up to $1,285,000. The basic grant gives home owners:

  • a maximum reduction of $570 in property taxes on principal residences in the Capital, Greater Vancouver and Fraser Valley regional districts;

  • an additional grant of $770 to rural homeowners elsewhere in the province; and

  • an additional grant of $275 to seniors aged 65+, those who are permanently disabled and war veterans of certain wars.

BC Ministry of Small Business and Revenue www.rev.gov.bc.ca/hog or contact your municipal tax office.

10) BC Property Tax Deferment Programs

 


Property Tax Deferment Program for Seniors.

 

Qualifying home owners aged 55+ may be eligible to defer property taxes.

Financial Hardship Property Tax Deferment Program.

 

Qualifying low-income home owners may be eligible to defer property taxes.

Property Tax Deferment Program for Families with Children.

 

Qualifying low-income home owners who financially support children under age 18 may be eligible to defer property taxes.

BC Ministry of Small Business and Revenue
www.sbr.gov.bc.ca/individuals/Property_ Taxes/Property_Tax_Deferment/ptd.htm

11) Canada Mortgage and Housing (CMHC) Residential Rehabilitation Assistance Program (RRAP) Grants.

 

This federal program provides financial aid to qualifying low-income home owners to repair substandard housing. Eligible repairs include heating, structural, electrical, plumbing and fire safety. Grants are available for seniors, persons with disabilities, owners of rental properties and owners creating secondary and garden suites.
www.cmhc-schl.gc.ca/en/co/prfinas/prfinas_001.cfm
            1.800.668.2642       |             604.873.7408      

12) Home Adaptations for Independence (HAFI)

 

A new program jointly sponsored by the provincial and federal governments provides up to $20,000 to help eligible low-income seniors and disabled home owners and landlords to finance modifications to their homes to make them accessible and safer.

BC Housing www.bchousing.org/Options/Home_Renovations
            604.646.7055       or toll-free             1.800.407.7757       extension 7055

13) CMHC Mortgage Loan Insurance Premium Refund

 

Provides home buyers with CMHC mortgage insurance, a 10% premium refund and possible extended amortization without surcharge when buyers purchase an energy efficient mortgage or make energy saving renovations. 
www.cmhc.ca/en/co/moloin/moloin_008.cfm#reno 
            604.731.5733      

14) Energy Saving Mortgages

 

Financial institutions offer a range of mortgages to home buyers and owners who make their homes more energy efficient. For example, home owners who have a home energy audit within 90 days of receiving an RBC Energy Saver™ Mortgage, may qualify for a rebate of $300 to their RBC account. 
www.rbcroyalbank.com/products/mortgages/ energy-saver-mortgage.html 
            1.800.769.2511      

15) Low Interest Renovation Loans

 

Financial institutions offer ‘green’ loans for home owners making energy efficient upgrades. Vancity’s Bright Ideas personal loan offers home owners up to $20,000 at prime + 1% for up to 10 years for ‘green’ renovations. RBC’s Energy Saver loan offers 1% off the interest rate for a fixed rate installment loan over $5,000 or a $100 rebate on a home energy audit on a fixed rate installment loan over $5,000. 
For information visit your financial institution.

www.vancity.com/Loans/BrightIdeas

www.rbcroyalbank.com/ products/personalloans/energy-saver-loan.html

16) LiveSmart BC: Efficiency Incentive Program

 

Home owners improving the energy efficiency of their homes may qualify for cash incentives through this provincial program provided in partnership with FortisBC and BC Hydro. Rebates are for energy efficient products which replace gas and oil furnaces, pumps, water heaters, wood stoves, insulation, windows, doors, skylights and more. The LiveSmart BC program also covers $150 of the cost of a home energy assessment, directly to the service provider.
www.livesmartbc.ca/rebates 
            1.866.430.8765      

17) BC Residential Energy Credit

 

Home owners and residential landlords buying heating fuel receive a BC government point-of-sale rebate on utility bills equal to the provincial component of the HST.
www.sbr.gov.bc.ca/business/consumer_taxes/residential_ energy/residential_energy.htm 
            1.877.388.4440      

18 BC Hydro Appliance Rebates

 

Mail-in rebates for purchasers of ENERGY STAR clothes washers, refrigerators, dishwashers, or freezers. 
www.bchydro.com/rebates_savings/appliance_rebates.html
            1.800.224.9376      

19) BC Hydro Fridge Buy-Back Program

 

This ongoing program rebates BC Hydro customers $30 to turn in spare fridges in working condition.
www.bchydro.com/rebates_savings/fridge_buy_back.html
            604.881.4357      

20) BC Hydro Windows Rebate Program

 

Pay no HST when you buy ENERGY STAR high-performance windows and doors.
www.bchydro.com/rebates_savings/windows_ offers/current_offers.htm
            604.759.2759       for a free in-home estimate.

21) BC Hydro Mail-in Rebates/Savings Coupons

 

To save energy, BC Hydro offers rebates including 10% off an ENERGY STAR cordless phone. Check for new offers and for deadlines. 
www.bchydro.com/rebates_savings/coupons.html
            1.800.224.9376      

22) FortisBC Rebate Program

 

A range of rebates for home owners include a $50 rebate for upgrading a hot water tank, $300 rebate on an Ener-Choice fireplace and a $1,000 rebate for switching to natural gas (from oil or propane) and installing an ENERGY STAR heating system. 
www.fortisbc.com/NaturalGas/Homes/Offers /Pages/default.aspx 
            1.888.224.2710      

23) FortisBC Efficient Boiler Program

 

For commercial buildings, provides a cash rebate of up to 75% of the purchase price of an energy efficient boiler, for new construction or retrofits.
www.fortisbc.com/NaturalGas/Business/ Offers/Pages/default.aspx
            1.888.477.0777      

24) City of Vancouver Rain Barrel Subsidy Program

 

The City of Vancouver provides a subsidy of 50% of the cost of a rain barrel for Vancouver residents. With the subsidy, the rain barrel costs $75. Buy your rain barrel at the Transfer Station at 377 W. North Kent Ave., Vancouver, BC. Limit of two per resident. Bring proof of residency.
http://vancouver.ca/engsvcs/watersewers/water/ conservation/programs/rainbarrel.htm
            604.736.2250      
Other municipalities have similar offers.

25) City of Vancouver Greenest City 2020 Pilot Home Energy Loan Program

 

The City of Vancouver in cooperation with Vancity, FortisBC, BC Hydro and Natural Resources Canada offers access to loans for energy retrofits including heating systems, insulation and air sealing. The Home Energy Loan from Vancity is a 12 month pilot program that will end October 21, 2012. For more information attend a workshop (see third link below). The goal is 500 homes, and loans are offered at 4.5% fixed rate over 10 years. The program also helps with accessing grants from the federal ecoENERGY program, the provincial LiveSmart BC program and FortisBC.

www.vancouver.ca/energyloan

www.vancity.com/Loans/homeenergy

http://energyloan.eventbrite.com

Email: energyloan@vancouver.ca
            604.374.0507      

26) Vancity Green Building Grant

 

In partnership with the Real Estate Foundation of BC, Vancity provides grants up to $50,000 each to qualifying charities, not-for-profit organizations and co-operatives for projects which focus on building renovations/retrofits, regulatory changes that advance green building development, and education to increase the use of practical green building strategies. The deadline for applications was January 23, 2012. If you are still interested in this grant, open the link and consider contacting Vancity to express your interest.
www.vancity.com/MyCommunity/NotForProfit/Grants /ActingOnClimateChange/GreenBuildingGrant
            604.877.7000      

27) Local Government Water Conservation Incentives

 

Your municipality may provide grants and incentives to residents to help save water. For example, the City of Coquitlam offers residents a $100 rebate and the City of North Vancouver, District of North Vancouver, and District of West Vancouver offer a $50 rebate when residents install a low-flush toilet. Visit your municipality’s website and enter ‘toilet rebate’ to see if there is a program.

28) Local Government Water Meter Programs

 

Your municipality may provide a program for voluntary water metering, so that you pay only for the amount of water that you use. Delta, Richmond and Surrey have programs and other municipalities may soon follow. Visit your municipality’s website and enter ‘water meter’ to find out if there is a program.

CLICK HERE to download a printable .pdf of this document.

 

© Real Estate Board of Greater Vancouver. Contact us.

 

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Полная ALOHA, дорогие господа-товарищи!

 

16mar 
2012

Ванкуверский клуб любителей недвижимости. Заседание № 6.

Итак, дорогие любители недвижимости в большом и славном городе Ванкувере, поздравляю Вас – дождались! Весна, скоро и в отпуск – поближе к чему-то совершенно горячему, пряному и одновременно освежающему и дурманяще приятному. Вот видите, как занесло – это всё от дождичков наших заколбасило. Да, заколбасило, а потом, бах – глядишь, уже и на песочке, и всё вокруг – один бесконечный праздник. Одним словом – магия, прости, Господи! Поэтому нет ничего удивительного в том, что как-то сам собой материализовался на нашем заседании мой коллега – человек оттуда, где всегда праздник. Итак, прошу любить и жаловать: Randolph “Randy” Antonio – риэлтор, работающий в KELLER WLLIAMS на Maui, Hawaii. (The Randy Antonio Real Estate Team Voted Realtor Associate of the Year 2002, by the Realtors Assn. of Maui (RAM) RAM Board Director 2004-2007. Accredited Buyer’s Representative Certified Residential Specialist).

Mихаил Скворцов: Почему инвестиции в недвижимость на Maui, Hawaii – это хорошая идея?

Randy Antonio: Сейчас лучшее время, потому что MAUI IS ON SALE! На Maui покупатель властвует на рынке недвижимости с 2007 года, и сейчас у нас можно найти недвижимость cо сниженной в 30-50% ценой от спрашиваемой ранее цены. Кроме того, остров Maui в течение десятилетий является для канадцев излюбленным туристическим направлением, а также местом для приобретения второго дома. К тому же многие строительные компании, возводящие кондо-комплексы, имеют канадских владельцев.

Mихаил Скворцов: Так всё же почему Maui, а не Phoenix, не Miami, не Florida, Las Vegas или California?

Randy Antonio: Почему Maui? Maui – это не БОЛЬШОЙ ГОРОД, здесь нет freeways, high-rise buildings, нет рекламных щитов, куда ни посмотри. На острове вы найдёте много видов проживания в совершенно различной природной среде – от пасторалий Upcountry (the highlands) Maui до густых джунглей на севере (the North Shore) и прибрежных курортов. Бирюзово-изумрудная вода в океане чиста и идеально располагает к купанию круглый год напролёт. Добавьте к тому погодные условия и температурный режим, которые можно назвать просто идеальными. Всё это формирует своеобразный расслабленный стиль жизни и культуру поведения, которые отлично вписаны в наши природные красоты. Вот несколько интересных фактов: около 2 миллионов туристов за год (второе место после Honolulu) при достаточно низкой плотности постоянно проживающего на острове населения (около 140000 человек). Сотни миль прекрасных пляжей с белым, черным и красным песком. Температура зимой 21-26оС, а летом – 24-28оС. Около 300 солнечных дней в году. Средняя температура воды в океане – 23,8оС.

Остров Maui признаётся читателями Conde Nast Travel Magazine “№ 1 Island in the World” уже 14 лет подряд! Канадцы инвестируют в недвижимость на острове с 70-х годов прошлого века.

Mихаил Скворцов: А какие виды инвестиций в недвижимость распространены сейчас на острове?

Randy Antonio: Многие канадцы покупают второй дом. Это либо single family home или turnkey vacation rental. Канадцы также любят квартиры resort coastal communities. Из-за того, что у нас небольшое число многоквартирных домов, они продаются очень быстро.

Mихаил Скворцов: В Канаде у нас хорошо действует MLS. Есть ли что-то похожее у вас?

Randy Antonio: Да, конечно. Мой вебсайт соединён с Maui MLS, и им очень легко пользоваться. Вы можете видеть всё, что продаётся, и сайт обновляется ежедневно. Там представлены все категории – BANK OWNED, SHORT SALE, OCEAN FRONT, LUXURY HOMES и BEST BUYS. Также там вы найдёте последнюю статистику, сравнительные продажи, новости экономики и информацию о всех местных событиях.

Mихаил Скворцов: Один их главных вопросов – как избежать двойного налогообложения.

Randy Antonio: Этот вопрос несколько выходит за рамки моей компетенции, но я работаю с большим количеством консультантов во всех областях, связанных с налогами. Думаю, что этот вопрос легко можно переадресовать им. Из моего опыта знаю – канадцы в этих целях используют limited partnership entity.

Mихаил Скворцов: На какие услуги может рассчитывать канадец, покупающий недвижимость на острове?

Randy Antonio: У меня большой выбор специалистов, готовых помочь – это property management, maintenance и cleaning services, general inspectors, contractors, escrow и title companies, real estate attorneys и accountants, mortgage lenders и т.д. Вообще у нас на Hawaii property management companies за свои услуги берут 10% от gross income для long-term rentals и 20-40% от rental revenues для vacation rental properties. На Hawaii мы используем escrow companies для проведения оформления сделки, и они берут за это околo 1% от цены покупки. Банки при оформлении финансирования берут от 1% до 3% от цены покупки и просят downpayment обычно в размере 35% с разными условиями выплаты до 30 лет .

Mихаил Скворцов: Можно ли привести пример того, во что можно уже сегодня инвестировать?

Randy Antonio: Информация на 1 Марта. MlS № 350413, 198 W. Papa St, Kahului BANK OWNED! 3bedm + 1.5 bath, house/cottage, approx 1,025 sq ft., land 7,993 sq ft, Price $284,900. Дом построен в 1968 году.

•Rental income: main house $1600, cottage $900 = $2500

•35% down: $99,715 Loan: $185,185k

•Taxes = $100/mo Insurance: $100/mo

•Payment = $925/mo , 30 YEAR FIXED, 6% P&I

•Cash Flow = $2,500 – $1125 = $1,375/ month

 

 

 

Второй пример: 151 Hoano St, Kihei….COMING SOON! Ещё не выставлен на продажу .

3 units. Mainhouse 3 beds, 2 bath remodeled tiled floors, new counter tops in kitchen & bath. New appliances. Painted exterior & interior in 2006. Located in resort community of Kihei, and minutes from white sand beaches, golf courses, shops/dining, movies, library, and schools. Asking price $469,000.

Fully rented: Main home $1800/mo. Studio unit behind garage may be non-conforming-studio 250 sf., bath & kitchen for $800, detached Cottage studio with A/C, and tiled floors rents for $1000./mo. Total income $3600/month. Cash flow potential of approx $1,100/month….monthly payment $1827/month, based on 35% downpayment, 6% interest 30 year fixed, less $400 for management fees, prop taxes, insurance, etc.

Randolph “Randy” Antonio

На этом мы заканчиваем наше очередное заседание Ванкуверского клуба любителей недвижимости. Мне хотелось бы поблагодарить Randolph“Randy” Antonio, а всем любителям ванкуверской недвижимости рекомендуем посетить его www.RandyAntonio.com. Полный вариант статьи, как и все последние новости, вы сможете найти на нашем блоге http://vancouverrealestatefunclub.blogspot.com/. Смотрите нас в YouTube на MyHomeInMotion. Заходите к нам в гости на Facebook -Vancouver Real Estate Fun Club. Слушайте нас по радио CKNW в 2 часа дня March 17, April 21, May 26, June 30, Aug 4, Sept 8, Oct 13, Nov 17, Dec 15. И, как всегда, всю Вашу кореспонденцию прошу направлять на мой email mike@onepercentrealty.com или позвонить на мой                   .

До скорого свидания. Ваш Михаил Скворцов – One percent realty ltd

 


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Marc Jurock is the General Manager of the Real Estate Action Group. Born and raised in Vancouver ,
Marc enjoys boating, skiing and Real Estate investing. He would be happy to discuss the Real Estate
Action Group or Real Estate investing in general.
604-683-1111 / marc@reag.ca

 

 

1.Mike Skvortsov -  What does it mean Real Estate Action Group ? Tell us about its history and about its place in
Vancouver real estate investor's community.|


Marc Jurock - The Real Estate Action Group (REAG) started in 2003. Since then REAG’s strong focus on personal
growth through Real Estate investment training has achieved strong positioning in Canada’s major and
minor Real Estate Training organizations. Thus, to that extent that REAG has accumulated substantial
goodwill in the eyes of the public and is a major force in the Real Estate Training Marketplace

2.Mike Skvortsov - How does it work? What does it mean to be a member of REAG? What kind of things are
available for members ? Examples, please.


Marc Jurock -Being a REAG Member means:
ñCreating a new belief system. Yes, it is possible to create wealth quickly.
ñUnderstanding money.
ñCreating a laser beam focus on our own FUTURE BEST SELF.
ñCreating a commitment to action.
ñUnderstanding to FIRST create a plan, commit to it, perform to it and measure the results.
ñLearning all the secrets, targeted actions, and necessary nuts and bolts of real estate investment.
ñCreating a real estate investment money machine - making money while asleep.

Finding out: What kind of investor are you? A flipper, a shark, a creator of unearned income? All three
or will a combination of one or two will work? Which is best for you? We teach how to flip for fast
profit or how to create passive income for life, in any market.

REAG also provides Real Estate workshops, Real Estate Action Weekends, Weekly Thought Starter
newsletters, monthly REAG meetings plus much more.

3. Mike Skvortsov -WHAT DOES IT MEAN TO BE A REAL ESTATE INVESTOR?

Marc Jurock -A Real Estate investor is someone who actively or passively invests in real estate. An active investor
may buy a property, make repairs and/or improvements to the property, and sell it later for a profit.
A passive investor might hire a firm to find and manage an investment property for him. Typically,
investors choose Real Estate for several reasons: cash flow, appreciation, depreciation, tax benefits
and leverage.

4. Mike Skvortsov -WHAT SHOULD I HAVE TO START REAL ESTATE INVESTING? MONEY,
KNOWLEDGE -WHERE CAN I GET THEM? SOME GOOD EXAMPLES OF PEOPLE WHO
ARE WORKING WITH YOU.

Of course I will answer that you should join the Real Estate Action Group. You need a system to create
wealth through income producing properties. You also need access to like minded individual that you
can strike joint ventures with. Enter the Real Estate Action Group.

We have many members who just choose to work an area or a type of property. We have one member
who specializes only in tri-plexes. You have to want what you own. There is not just one kind of Real
Estate to invest in.

I have seen people start with nothing and who now enjoy Real Estate investing as a career. They
found deal. If have a great deal, the money will find you. Of course, nothing is easy and there is work
involved but it sure can be rewarding.

5. Mike Skvortsov -WHAT KIND FORM OF REAL ESTATE INVESTMENT AVAILABLE NOW IN BC AND
CANADA?


Marc Jurock -There are all kinds available at any time in BC and Canada. It is the actual deal that matters. Always
the deal and knowing what are your personal goals and does this investment fit into your goals.
6.WHAT DO YOU THINK ABOUT INVESTMENT IN US. REAL ESTATE MARKET? WHAT
IS THE POPULAR PLACE FOR THIS INVESTMENT.

Certainly there are oportunites all over the USA but buyer beware. As Canadians, we are foreigners
there and every state treats us differently. My clients ask me mostly about Las Vegas, Nevada and
Phoenix, Arizona.
I have personally invested in Phoenix, Arizona as well know many investors that are in Phoenix.

6.Mike Skvortsov -WHAT DO YOU THINK IS THE REAL DEAL? WHAT KIND OF CHARACTERISTICS
SHOULD THE DEALS HAVE? EXAMPLE. MAYBE YOU PERSONAL DEALS.

Marc Jurock -Once again, everything is personal. I had deal recently were the owner accepted 35% down, carried the
remaining 65% of the financing and is willing to let me pay interest only payments for 5 years with a
balloon payment of the rest owning coming due at that time. This was a good deal for me personally
because I wanted to be in that market for 5 years and I did not have to use a bank or joint venture
partners.
7.Mike Skvortsov -WHAT DOES IT MEAN TO BE A SUCCESSFUL REAL ESTATE INVESTOR?|

Marc Jurock -I would think a successful Real Estate Investor is one who had achieved his or her goals.
An example be would someone that was not a flipper but and an investor meaning buying low priced
Real Estate in a low vacancy, good employment town and letting the renter pay off the units. After 10 -
15 this investor would own these units and be making a very healthy passive income.


Marc Jurock is the General Manager of the Real Estate Action Group. Born and raised in Vancouver ,
Marc enjoys boating, skiing and Real Estate investing. He would be happy to discuss the Real Estate
Action Group or Real Estate investing in general.
604-683-1111 / marc@reag.ca

 

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Why investing now in Real Estate in Phoenix, AZ is a good idea?

 

 Mike Skvortsov, One Percent realty , Vancouver

1.Mike Skvortsov -Why investing now in Real Estate in Phoenix, AZ is a good idea?

 

Linda Gerchick - The Phoenix market is primed for investment:

 

· WE ARE IN THE SUNBELT

· WE HAVE POPULATION GROWTH

· WE HAVE ECONOMIC GROWTH

· WE HAVE NO NATURAL DISASTERS

 

Our real estate market is the prime target for investing,  NOW is the time!  Our population is expected to double between the year 2000 and 2030.  Take advantage of this extraordinary Buyer's Market!  Right now prices are a fraction of what it actually costs to build.  Not only will you be getting an excellent month to month cash flow return on your investment (5-10% on average) you will have considerable appreciation gains in a few years when real estate is selling for what it actually costs to build.

 

2.Mike Skvortsov - Why Phoenix,  not Hawaii, not Miami. not Florida or Las Vegas, not California? 

Linda Gerchick - The growth that Arizona will experience in the three key areas of population growth, income growth and job growth will be unmatched by any other state except for that of Nevada.  And there are two reasons why we don’t like Nevada… they have limited amounts of water and are on a water restricting program.  Here in Arizona we have a 100 year water supply, even with all the future planned growth and the doubling of our population by 2030.  We also have a diversified economy and are not solely focused on gambling, entertainment or hospitality.

 

3.Mike Skvortsov - What kind of investments are available in Phoenix ( flip, long term), what kind of properties are available there (townhouses, single residential houses, duplexes, maybe multyfamelies).

 

 Linda Gerchick -  While there are fix and flip opportunities available, the margins are small and it’s really a great buy and hold market.  We have condos, townhomes, regular homes, duplexes, fourplexes and even apartments that are all great types of property to buy today.

 

4. Mike Skvortsov -Give me please 2 example of hot deal available in Phoenix now .

 

Linda Gerchick - We have a nice 3 bedroom 2 bathroom home with a 2 car garage in a good neighborhood that is tenant occupied at $950/month providing the investor with $11,400 in yearly gross rents and we figure a 5% vacancy rate equates to an effective income of $10,830. Yearly expenses of $2,506 gives you a net operating income of $8,324 which equates to an 8.41% Cap Rate.

 

We have an amazing deal on a tenant occupied large 1,240SF 3 Bedroom 2 bath condo. Just $28/SF! This community has a pool and nice walking paths. The condo is rented for $843/month and after expenses the net income is $4,591/yr. with a CAP rate of 13%. HOA Dues (included in expenses) are $250/unit/month. This garden-style condominium community is located in a strong rental area of north central Phoenix.

  

5. Mike Skvortsov -In Canada we got very good informational system for locate real estate properties  - MLS, does in the USA similar system available, similar souses? Where we can get last information ( the  internet , maybe webinars, or even real seminars in Phoenix, and who organized them ). 

 

Linda Gerchick - In the US, there are a couple sources for real estate here in Arizona. Arizona has the Arizona Regional Multiple Listing Service (ARMLS). This information is provided by Realtor’s and is the most accurate information on property available in Arizona. There are other internet sources such as Zillow.com, Realtor.com and Loopnet.com.

 

6.Mike Skvortsov -Many question about double taxation. Is any way how to avoid it? What is a most popular form of business organization for foreign investors you can recommend?

 

Linda Gerchick -  As a Realtor, when it comes to tax issues, we recommend talking with a CPA that knows tax related benefits and consequences that come up with owning real estate in the US. It is their knowledge that helps the investor pay the least amount of taxes. The CPA that is used though does not form the entity that will hold the property in. It is the lawyer that does this. It is the combination of the tax advice from the CPA and the liability advice from the lawyer that will tell you what entity to form to hold an investor’s property.

 

7.Mike Skvortsov -What kind  of services available for Canadian investors in Phoenix ( maintenance companies, lawyers, mortgages?, Realtor). What is cost for those services? 

 

Linda Gerchick - Team Gerchick has put together a one-stop shop for the Canadian investor looking to buy in Phoenix. There are maintenance companies, CPAs, lawyers, property inspectors, termite inspectors, lenders, property managers, insurance companies, home warranties and many others that deal in real estate. A realtor’s services for a buyer come at no charge to the buyer as the seller pays commissions.  Property managers generally charge 7-10% of rents collected as their management fee.  Setting up an entity with a lawyer averages around $500.

   

 

  

Linda Gerchick, CCIM 

Associate Broker, Team Gerchick 

Office:              602-256-1415  

 Cell:              602-688-9279       

Fax:  602-396-2033

 

Linda@justsoldit.com

 


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No 6. Ванкуверский клуб любителей недвижимости. Заседание No 6.

Полная ALOHA, дорогие господа –товарищи.

  Mихаил  Скворцов.  One   Percent  realty ltd.

 

 

     Итак, Дорогие  любители недвижимости в большом и славном городе Ванкувере, поздравляю Вас - дождались, скоро и в отпуск – поближе к чему-то совершеннр горячему,  пряному и одновременно освежающему  и  дурманяще приятному. Вот видите, как  занесло- это всё от дождичков наших – заколбасило. Да , заколбасило  , а потом, бах- глядишь уже и на песочке- и всё вокруг - один бесконечный праздник. Одним словом – магия, прости, Господи. Поэтому нет ничего удивительного в том, что как-то сам собой материализовался  на нашем заседании  мой коллега - человек оттуда, где всегда праздник. Итак, прошу любить и жаловать Randolph  “Randy” Antonio – риэлтор, работающий в KELLER  WLLIAMS на Maui, Hawaii. (The Randy Antonio Real Estate Team

Voted Realtor Associate of the Year 2002, by the Realtors Assn. of Maui (RAM) RAM Board Director 2004-2007.Accredited Buyer's Representative Certified Residential Specialist )

   Mихаил  Скворцов –    Почему  всё же   инвестиции в недвижимость на Maui, Hawaii - это хорошая идея?

   Randy Antonio –   Сейчас лучшее время, потому что MAUIISONSALE! На Maui покупатель властвует на рынке недвижимости с 2007 года, и сейчас у нас можно найти недвижимость  cо сниженной ценой  в 30-50 % от спрашиваемой тогда цены. Кроме того, остров Maui в течении десятилетий является  для канадцев излюбленным туристическим направлентем и также местом для приобретения второго дома. К тому же многие строительные компании, возводящие кондо комплексы, имеют канадских владельцев.

   Mихаил Скворцов – Так всё же , почему Maui, а не Phoenix,   не Miami, не  Florida , Las Vegas или California.

  Randy Antonio –   Почему Maui?  Maui   –   это   Вам не  БОЛЬШОЙ   ГОРОД, здесь   нет   freeways, high-rise buildings, нет  рекламных шитов, куда ни посмотри.  На острове вы найдёте много видов проживания в совершенно различной природной среде – от пасторалой Upcountry (the highlands) Maui до густых джунглей на севере (the North Shore) и прибрежных курортов. Бирюзово-изумрудная вода в океане чиста и идеально располагает к купанию круглый год напролёт. Добавте к тому погодные условия и температурный режим, которые можно назвать просто идеальными. Всё это формирует своебразный расслабленный стил жизни и культуру поведения, которые отлично вписаны в наши природные красоты.Вот несколько интересных фактов:около 2  миллионов туристов за год ( второе место после Honolulu) при достаточно низкой  плотности постоянно проживающего на острове населения ( около 140,000 человек). Сотни миль прекрасных пляжей с белым, черным и красным песком. Погода зимой -21С-26С, а летом 24С-28С. Около 300  солнечных дней в году. Средняя теппература воды в океане – 23.8С.

Остров Maui признаётся “No 1 Island in the World” уже 14 лет подряд читателями Conde Nast Travel Magazine! Канадцы  инвестирут в недвижимость на острове с 70-ых годов прошлого века.

  Mихаил Скворцов –А  какие виды инвестиций в недвижимость распространены сейчас на острове?

 

  Randy Antonio –  Многие  канадцы покупают дторой дом. Это либо   single family home или turnkey vacation rental. Канадцы также любят квартиры resort coastal communities. Из за того, что  у нас достаточно небольшое число могоквартирных домов, они продаются очень быстро.

  Mихаил Скворцов – В Канаде у нас  хорошо действуед MLS. Есть ли что-то похожие и у вас.

   Randy Antonio – Да, конечно. Мой вебсайт соединён Maui MLS и им очень легко пользоватся. Вы можете витель всё, что продаётся, и он обновляется ежедневно. Там представлены все категории- BANK OWNED, SHORT SALE, OCEAN FRONT, LUXURY HOMES и BEST BUYS. Также там вы найдёте последную статистику, сравнительные продажи, новости экономики и информацию о всех местных событиях.

  Mихаил Скворцов – Один их главных вопросов- как избежать двойного налогообложения.

 

  Randy Antonio –Этот вопрос несколько выходит за рамки моей компетенции, но я работая с большим количеством консультантов во всех обласнях, спязанных с налогами. Думаю, что этот вопрос легко можно переадресовать им. Из моего опыта - канадцы используёт limited partnership entity в этих целях.

  Mихаил Скворцов – На  какие услуги может расчитывать канадец, покупающий недвмжимость на острове

  Randy Antonio – У меня большой выбор специалистов, кто говов помочь – это property management, maintenance и cleaning services, general inspectors, contractors, escrow и title companies, real estate attorneys и accountants, mortgage lenders и т.д. Вообще у нас на Hawaii property management companies за свои услуги берут 10% от  gross income для long-term rentals и 20% to 40% от rental revenues для vacation rental properties. На Hawaii мы используем  escrow companies для проведения  оформления сделки и они берут за это околo 1%  от цены покупки. Банки при оформлении финансирования берут от 1% до 3%  от цены покупки и просят downpayment обычно в размере 35%  с разными условиями  выплаты до 30 лет .

 

Mихаил Скворцов – Можно ли привести пример того, во что можно уже сегодня инвестировать.

 Randy Antonio- Информация на 1 Марта. MlS No 350413, 198 W. Papa St, Kahului  BANK OWNED! 3bedm + 1.5 bath, house/cottage, approx 1,025 sq ft., land 7,993 sq ft, Price $284,900. Дом построен  1968,

•Rental income:  main house $1600, cottage $900 = $2500

•35% down:  $99,715  Loan: $185,185k

•Taxes = $100/mo    Insurance:  $100/mo

•Payment =  $925/mo , 30 YEAR FIXED, 6% P&I

•Cash Flow = $2,500 - $1125 = $1,375/ month

 

 

 

 Второй пример 151 Hoano St, Kihei....COMING SOON!  Ещё не выставлен на продажу .

3 units. Mainhouse 3 beds, 2 bath remodeled tiled floors, new counter tops in kitchen & bath. New appliances. Painted exterior & interior in 2006. Located in resort community of Kihei, and minutes from white sand beaches, golf courses, shops/dining, movies, library, and schools.  Asking price $469,000.

 

Fully rented:  Main home $1800/mo. Studio unit behind garage may be non-conforming-studio 250 sf., bath & kitchen for $800, detached Cottage studio with A/C, and tiled floors rents for $1000./mo.   Total income $3600/month.  Cash flow potential of approx $1,100/month....monthly payment $1827/month, based on 35% downpayment, 6% interest 30 year fixed, less $400 for management fees, prop taxes, insurance, etc.

   

 

 

 Randolph "Randy" Antonio

 

На этом мы заканчиваем наше очередное заседание Ванкуверовского клуба любителей недвижимости.  Мне хотелось бы  поблагодарить Randolph "Randy" Antonio,  а всем любителям Ванкуверовской  недвижимости рекомендуем посетить его www.RandyAntonio.com. Полный вариант статьи, как и все последние новости, вы сможете найти на нашем блоге http://vancouverrealestatefunclub.blogspot.com/. Смотрите нас в YouTube на MyHomeInMotion.  Заходите к нам в гости на Facebook  -Vancouver Real Estate Fun Club. Слушайте нас по радио  CKNW в 2 часа дня  March 17,April 21, May26, June 30,Aug 4,Sept 8,Oct 13,Nov 17,Dec 15.  И , как всегда, всю Вашу кореспонденцию прошу навправлять на мой email  mike@onepercentrealty.com или позвонить на мой 604-644-6430.

До скорого свидания. Ваш Михаил Слворцов – One percent realty ltd

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Hi Mike

Reminder to   Please Join Us March 31 & April 1, 2012

Come to beautiful Phoenix, AZ to learn firsthand and from the Best in the Arizona Marketplace.  We'll cover hot topics about investing and the current commercial real estate market. We’ll teach you to analyze investment opportunities yourself with free of charge software and you’ll be among the first to obtain our new real estate investment book also at no charge!    

Saturday is action packed with guest speakers and facts & figures about Arizona’s current market conditions.  We will provide lunch and beverages so just bring a laptop if you can. Sunday - via luxury motor coach, we will tour available properties in the Phoenix Metro area.

Click the link to our Custom Event Website for all specific details and to register today. 

TeamGerchick - Seminar Details

REGISTER for our Phoenix 2 Day Real Estate Seminar

The Cost is $199 per person. 

Linda Gerchick, CCIM
Associate Broker, Team Gerchick 
Office:             602-953-5180      
Cell:                602-688-9279       
Fax:    602-953-5183
Linda@justsoldit.com 

 

 

 

Team Gerchick - March 2012 - 2 Day Real Estate Seminar Phoenix, AZ

 

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My Mortgage Broker 
Pauline Tonkin
  Mortgage Update
                                                                                                                                       Mar 2012
In This Issue
 
 
Strata Act Changes
12 Ways to Get Out of Debt
Real Estate Investing - Interview with local realtor
Do you need to learn more about managing your money?
www.MyMoneyCoach.ca
KUDOS

Thanks for allowing me to help you!

We thank you for your incredible service. I always appreciate working with people who make things happen and have a can do attitude. You certainly have that and the process was clear and uncomplicated.
 
PG - Surrey 
  

 
I love helping my clients and giving them them power to choose.

Only a few weeks still spring! 

Visit my blog, join me on Facebook, Linkedin or Twitter for up to date information on mortgages and other items of interest to home owners and buyers.

As always I appreciate your sharing each issue with friends and family.  If you have any items of interest that you would like to see in future issues please email me at pauline@mybcmortgage.ca.
Changes to the Strata Property Act

As part of the Buyer Beware seminar in January sponsored by John Grasty of Prudential Realty in Coquitlam, he provided updates on the recent changes to the Strata Property Act.   We received plenty of questions so we have collected more information over the past couple of months specific to depreciation reporting and how it may impact financing, strata fees and buying or selling your condo.  Our next Buyer Beware expert panel is set for Wednesday March 7th at 7pm - Douglas College. 

 

On December 13, 2011, the provincial government changed several important strata requirements.

 

The changes mainly concern depreciation reports and contributions to a strata corporation's contingency reserve fund (CRF). Some changes are immediate, while others come into effect at different times over the next two years. After speaking with some local engineering firms we have learned more about the depreciation reporting process.  For those strata groups with a strong contingency fund in place and a maintenance plan the costs of repairs will be clear to owners and buyers.  Those with limited planning in place may see a rise in strata fees to allow a build up of funds allocated towards maintenance.  For more details  visit my blog atwww.MyBcMortgage.ca or call me directly at             604 813 8402      . 
 

 
12 of the Most Effective Ways to Get Out of Debt

Many people would love to pay down their debt or get rid of it altogether, but they aren't quite sure of the best way to do it. There really isn't any one "best way" that works perfectly for everyone. So here are a dozen suggestions to get you started. The more of these that you can apply, the faster you will get out of debt.

 

 

http://www.mymoneycoach.ca/my_budget/out_of_debt.html

Note from Pauline - This website was created by the Credit Counselling Society.  They are a non-profit credit counselling group who help people to get control of their budget, repay their debt through repayment programs and how to deal with collection companies.  I have referred clients to them who say they appreciate how they were treated and the help they received.

 
Interview on real estate investing 

Thank you to Mikhail Skvortsov, local realtor for interviewing me on what investors should consider before investing in real estate.  I am not a huge fan of being interviewed on camera - so I was a bit nervous.  I think I needed to sit closer to the microphone so you could hear me - but we will do better next time.  
Bottom line - the message was to consider the cost of financing, vacancy and maintenance when you make an offer on a purchase for investment.  Talk to your mortgage specialist, tax accountant and realtor to ensure you have all the information you need in order to purchase at the right price to maximize your return on investment.
Upcoming Events - I will be a guest speaker.

Buyer Beware  (with John Grasty of Prudential Real Estate)
March 7,2012   7pm
Douglas College Coquitlam
RSVP to Pauline             604 813 8402      

Building Wealth Through Real Estate (with Susan Hubele of REMAX) 
April 19,2012    7pm 
27th Floor 1850 Comox St, Vancouver 
RSVP Robert             (604) 813-8897        

More events in May - to be announced.

If you are part of an association or company that provides educational programs to your members and want to book a presentation or panel of experts at your next event - call Pauline at             604 813 8402       or email at pauline@mybcmortgage.ca

 

 

 
Thank you for your testimonials and referrals
I really enjoy what I do each day in helping people.  I also appreciate the testimonials and referrals to family, friends and colleagues.  
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