2nd Edition - Learning The 7 Profit Centers of Real Estate

Norma Doucet - Real Estate Investor

ProperDy's Investment Specialists

ProperDys@gmail.com
6047001855

Learning About The 7 Profit Centers of Real Estate

 

LIGHT AT THE END OF THE TUNNEL

Ever returned home, after speaking to our Investors, feeling disappointed? Wondering why our investments did not perform as we had expected? We have heard about high risk vs. low risk etc ... all while the fear of "money issues" loom in the back of our minds.

These days most would agree that a 6% average is pretty good ... especially when the bank is only paying a 1/2% right? So we scrimp and save and sock our hard earned money into savings ... or we take another job, so that we can pay down our mortgages quicker. We work our fingers to the bone and look forward to our "mortgage burning party" ... someday?

What if there was a better way? A way that most accountants and lawyers don't all know about? A way to find financial freedom, so that you don't have to worry about mortgages or college tuitions ... what if you could make 10, 20, 30% or more ... ?

As promised ... here is the first in my series of teaching tools to help you achieve financial freedom.

Enjoy - Norma

Learn about the 7 Profit Centers of Real Estate through the following links.

Overview:  http://properdys.com/2016/06/29/hello-world/

Equity Day One:  http://properdys.com/2016/06/29/1-equity-day-one/

PS. Every Real Estate deal is different and we recommend to always have legal council to safeguard every deal.



BY INK, PAINT, OR LENZ?

 

https://500px.com/icegypsie

Above is the link to my webpage where many of my art pieces are displayed. - Enjoy

Some of you are aware that I love pictures! Love to take them ... paint them ... ink them or draw them ... this is what i do, when i am not scouring real estate ...

We all need to "smell the roses"!

On my webpage there are fantastic things that I have either photographed, painted or inked. They are of places down in Mexico and up here in Canada ... see if you know where some of these images are from?

Send me a message when you do and tell me which you recognize.



What they didn't teach us in school about money

 

Here’s some common sense about money that kids should hear from their parents.

Don’t confuse net worth with self-worth. It’s only natural to want expensive things. But it’s more important to feel good about yourself, regardless of how much money or stuff you have. People respect you for the person you are, not your flashy lifestyle.

Make the best of the hand you’re dealt. Some rich, successful people claim they earned it. In reality, our destiny is shaped by luck, parenting, health, access to education, and economic factors. Keep this in mind before judging others—or yourself.

Learn from scarcity. Feeling poor at some point in your life helps teach you the value of money. You quickly learn the difference between needs and wants, how to shop for bargains, how to fix what’s broken, and how to handle life’s ups and downs.

Make your goals about more than money. You may think once you’ve saved a million dollars, everything will be great. But then you only want more! Instead of focusing on money, make your goals about fulfillment for you and your loved ones.

Don’t be afraid to change plans. Just because you decided on a career when you were 18 doesn’t mean it has to be a lifetime sentence. Try a few things, stay flexible. If your first career doesn’t fit, move onto something more inspiring.



Congratulations Sorelle on your Graduation of 2016!

 

June has been a crazy month, with Colt going back out to The Mac, to help with the relief workers ... to the whirl wind of ceremonies for Sorelle and her grade 12 graduation.

We were blessed, to be able to have many out of town family members come and celebrate Sorelle's recent graduation. Sorelle shocked us when she received a partial scholarship at the Awards Ceremony. She has been accepted and will be going into Screen Writing School, in September, at the School of Creative.

From the time our little ones are born, we do all we can for our children.  ... teach them to walk, ... to talk, raise them to know right from wrong, to help the less fortunate and sometimes even move across continents for them! It is hard to let go and to "cut the apron strings". Even as they get older and we can't believe as they grow before our very eyes, they are still our kids ... our hearts. We have to hand over the reigns to our children in the hopes they will achieve more than we did.

Sorelle, it is now up to you to help mold the future of our world. Congratulations and good luck! This is why we came back to Canada ...

Now GET TO WORK ... lol



June Foreclosure Lists

 

Burnaby-Attached
Commercial Foreclosures
Coquitlam-Attached
Langley-Attached
Maple Ridge-Attached
Mission-Detached
New Westminster-Attached
North Delta-Attached
North Delta-Detached
Port Coquitlam-Attached
Port Moody-Attached
Richmond-Attached
Surrey-Attached
Surrey-Detached
Vancouver-Detached
Vancouver (East, West & North)-Attached

Here we are with the JUNE foreclosures. 

Remember, it's not like the U.S.A.. or television.  It's Canada and properties are required to have the best chance of selling for fair market value. 



Overstaying Your AirBNB Welcome

 

Owners and investors alike are facing the pinch of high housing costs.

This leads to creative and resourceful opportunities like turning your condo into a vacation rental and make a few bucks.

Win-Win for owner and renter .. until now. 

The influx of converting condos to VRBO, HomeStay and AirBNB is affecting the rental market. With little or no new inventory of rental apartments, the rents for existing product has increased to ridiculous highs. 

I understand why landlords desire to hike up their rents. There's a lot of maintenance and unforeseen costs to managing rental condos. 

Individual owners are not professional property managers. They have one property with one tenant that they need to cash flow or there's no mortgage payment. Rental abuse slips in with little or no enforcement.

A multi-family apartment has multiple tenants. if 1 or 2 tenants move out, it won't affect cash flow. Unlike a condo where you report to your strata council, a landlord has the ability to enforce its policies.

Just be prepared for other cities around the world to start cracking down with similar legislation.

Berlin puts ban on apartment vacation rentals



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