Monthly Archives: July 2008
Rent Control: The Landlord’s Enemy
Just like The Joker is to Batman or Dr. Evil is to Austin Powers, Rent Control is the enemy to a Landlord. I know the claims of many renters and government representatives: “Without rent control, people couldn’t afford to rent!” … Continue reading
Filed under investing, real estate
3rd Place in MOMAR – Not bad for begginers
Well, it took us 4 hours and 41 minutes to: kayak the 5km out and back on Shawnigan Lake, Mountain bike through 23km of sometimes really rugged trails around Cobble HIll, Swim across a river to get a check point … Continue reading
Filed under Adventure Racing, MOMAR
Momar Adventure Race Around the Corner
When I think there is something I would like to do, I don’t sit around talking about it for years. I rarely research it to death or waste a lot of time thinking of excuses why I can’t/won’t/shouldn’t do it. … Continue reading
Filed under Adventure Racing, goal setting, MOMAR, Productivity
Trying to Become Commercial Real Estate Investors
It’s tough to find a residential property that makes sense to buy right now… and that’s been our focus for a long time. When we sat down to discuss our investing goals for 2008 we decided that it was time … Continue reading
Filed under investing, real estate
It doesn’t matter what you paid – what is it worth today?
I came across this little gem of an article called Sunk Cost Bias on a blog called Litemind, and I immediately thought of how applicable it is for a real estate investor. Not that long ago Dave was suffering from … Continue reading
Filed under goal setting, investing, real estate
Craigslist meets Google
Before we rent out any of our units, we do research to figure out what market rent is for the property. Generally we look for comparable units within a few blocks of our unit by using: Rentometer Viewit Craigslist. Craigslist, … Continue reading
Filed under investing, real estate
Brace Yourselves – There will be NO surge in House Sales
“Federal crackdown could spark housing sales“ The real estate industry is bracing for a surge in home purchases, betting buyers will rush to get ahead of tighter federal government standards for the mortgage industry.The Finance Department will stop guaranteeing 40-year … Continue reading
Filed under financing, real estate
Focus your way to being rich
Last night, as our dog Bram was drooling over Dave eating crackers and cheese, my Mom said “If we all could focus on making money like dogs focus on food we’d all be millionaires by the time we’re five”. Ok, … Continue reading
Filed under goal setting, Productivity
5% Down and 35 Year Amortization Now the Max in Canada
The government of Canada is adjusting their policy on government backed mortgages based on what’s happened in the U.S. housing crisis. As of October 15, 2008 you won’t be able to get a 40 year, no money down mortgage, backed … Continue reading
Filed under financing, real estate
Starbucks Broke the First Rule of Real Estate
by Julie Broad It’s ALWAYS about location, location, location. When the real estate market is hot people often forget this golden rule of real estate. They think any piece of land or any piece of property will make them money. … Continue reading
Filed under investing, real estate
