Elizabeth Chi Real Estate Newsletter - Edition 13 - November 2015

Elizabeth (Eli) Chi - RealtorĀ®

Century 21 Energy Realty

eli@elichi.ca
778.256.2888
http://www.elichi.ca/

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Joint Ventures with Mitch Collins!

 

In just 10 years Mitch Collins has amassed over 100 properties with over $11 million dollars of joint venture capital.  Starting off with his own property management company, then renovation company, a construction company and Century 21 Canada awarding him the #1 REALTOR in BC, #3 in Canada in 2014, I can't believe he still found the time to give back to the community and speak about his story.  

Email me if you would like a copy of the FREE audio file!



Central 1 Economic Outlook

 

2014 Central 1 Economic Outlook

I was emailed this report from a client from September 2014 and is a very interesting read for geeks like me!  

Northern British Columbia The North produces about two-thirds of provincial export wealth.

The Lower Mainland, despite being the most populous area of B.C., is overwhelmingly a service centre for resource-rich rural B.C., and predominantly a place of consumption rather than production. On average, the Lower Mainland exported $9,781 per capita in 2001, while Northern exports per capita were valued at $41,223; this is 157% higher than B.C.’s per capita exports, and 321% higher than the per capita exports of the Lower Mainland region of the province.

While significant wealth is derived from natural resources as these commodities move up the value chain, estimates have determined that economic activity in Northern B.C. contributes approximately $11.3 billion, or 6.9%, to the province’s GDP.

Check out page 11 in the attached document.  The economic outlook into 2017 looks promising for GDP and each of the energy sectors.  Check out the growth for support for oil and gas at a whopping 17.1% change (up from 2.8% the previous year)!



Latest Mortgage Tips

 

- Any properties up to 160 acres CMHC will allow the value of the 60 acres house and garage
- Client purchasing a property as primary residence that provides rental income CMHC will allow 100% of the rental income.
        -Client must have credit score of 680 or higher
        -Client must provide 2 years of proven rental agreements
-Client purchasing an investment property: 80-100% of Economic rent can be used (a reminder on investment properties clients must have 20% down)
Example: on $2000 a month rent is $24,000 a year- this allows the client to have $640 more of a monthly mortgage payment-big impact on their purchasing power
 


Cash Flow Properties

 

Crandall Suited House (Nov 9, 2015)
Crestview Suited House (Nov 9, 2015)
Evergreen Suited House (Nov 9, 2015)
Renfrew Duplex (Nov 8, 2015)
Robbo Suited Duplex, DC (Nov 9, 2015)
Signature Pointe II Condos (Nov 9, 2015)
Suited House (Nov 9, 2015)
Sunset Ridge Duplex (Nov 9, 2015)
Woodsmere Condo (Nov 9, 2015)

When you look at as many properties as I do, you have to learn how to quickly analyze the numbers to determine whether a property has the potential to be a great cash flowing investment property or not.  I take the gross annual rent divided by the Purchase Price x 100.  If this gives me more than 8%, I look further into this property to see how I can increase rents and decrease expenses.  If it's 9%, definitely look closely.  If it's 10% or greater, hurry up and buy the darn thing!  That bad boy won't last long!

Are you looking for CASH FLOW properties while maximizing your ROI and taking advantage of the capital appreciation in a growth region?  Find properties in Fort St. John to Dawson Creek with some of the best cash flow you've ever seen!

Some of these properties are EXCLUSIVE to our clients only and are not put on MLS.  

(The information contained within the PDF documents are for discussion purposes only and is not to be relied upon without performing your own due diligence.  Figures will vary for each individual)

 CHECK OUT THESE VIDEOS BELOW!!!

1621 100 Avenue Dawson Creek BC - Full Duplex Completely Furnished

#308 - 11203 105 Avenue, Fort St. John - 2 bedroom Condo



Brrrrrrrrr

 

The north is so beautiful!  I cannot believe how gorgeous the Liard Hot Springs were!  An impromptu decision to head north on the Thanksgiving Day long weekend led us to the Liard Hot Springs for a camping adventure!  The crisp cold air and the steamy hot bath of the hot springs were a perfect combination in the relatively untouched wonderland of the north.  Although it had some comforts, it was still virtually untouched compared to what I was expecting.  Quite possibly could even be better than the hot springs in Japan!  



Stay Informed!

 

November 2015 Informed Home Buyer

Click on the PDF to see my monthly tidbits on buying or selling a home and even on maintenance of your home!  Some very helpful tips here so don't miss out!  Only takes a couple minutes to read!



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