Dr. Marvin's Wealth Network Third Edition October 2016

Dr. Marvin Miller - Real Estate Consultant

Your Property Options, Inc

marvin@yourpropertyoptions.ca
604-809-5684
http://www.yourpropertyoptions.ca

Dr. Marvin - Facebook

What's the 50-2-30 model?

 

Yesterday, I returned from the Investor's Summit in Las Vegas that featured Tarek and Christina from the TV show Flip or Flop. I was invited to present the 50-2-30 model to nearly 600 participants.

The concept refers to the way in which my associates and I get properties that are 50 cents on the dollar, rent for 2% of the purchase price and have a return on investment that is 30% or better. We acquire properties, rehab them, interview and place quality tenants in the properties.

For instance, last week we had an accepted offer on a house in a good area of Ohio for $17,000. With the rehab costs of $5,600, the after repair value is estimated to be $44,000. (All amounts are in US dollars.)

At 2% of this purchase price, we should expect the rent to be $452/month; however, this duplex will rent for $850/month. We also need a rent based return on investment that is greater than 30%—this one is 35%. What an amazing deal for the investor!

We have the investments under the care of a professional management company that has many years of successful management experience. Your Property Options has successful investors in Canada and the US and is committed to helping its clients create long-term wealth.

It has inventory in the US that include single houses, duplexes, multi-family and commercial buildings.  This one stop shop has turn key residential rentals, as well as rehab options.



Is Your Baby Ugly? Essential Real Estate Investment Due Diligence

 

Beauty is definitely in the eye of the beholder. But when it comes to investing in real estate, investors need to look beyond beauty, and test their optimism with real, fact-based due diligence.

Investors not only need to make sure the opportunity will be profitable, but it also needs to be attractive to lenders. This article explains the difference between the real deal and fool's gold.https://connectedinvestors.com/blog/figure-it/real-estate-investment-due-diligence/



Levi's Genes

 

Last month I featured my first grandson, Micah, who was born 5 1/2 weeks premature. My second grandson, Levi, was born almost 2 weeks late. These kids already have a mind of their own. One is a little anxious to be born, the other a little shy.

He looks just like our son. The gene pool has a very strong current. Congrats to the wonderful parents (not to mention the grandparents!).

I found a great on-line shopping site to buy gently used children's clothes at great prices. I will spoil Levi with more things from this site than I should.



It's Not Too Late to Donate

 

On October 1, I was the Event Director for Ride for Refuge, a family-friendly cycling and walking fundraiser that helps charities raise money for displaced, vulnerable and exploited people around the world.

This year Vancouver had a record 749 riders on 104 teams that have raised $278,137 for great causes that need support. A person can donate to charities across Canada and many cities in the US. 

It is not too late to donate. Go to Ride for Refuge and choose your country, location and click on the donate button and choose the team. What moves me is supporting important causes, which I feel passionate about. 



Cool App that Allows you to Text without Wi-Fi or Data

 

I travel to the States and Europe quite frequently. I  just read about this app that might be the answer for those who go across the border or abroad. This app allows you to text without having wifi or a mobile plan available. The kicker­­...it's FREE and you can be completely OFF THE GRID.

I`m not tech savvy, but even I can understand this article: More About Fire Chat



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