Scott Harriman Newsletter Movember 2016 ver. 16.07

Scott Harriman - Commercial and Residential Mortgage Broker

Simply Commercial Mortgage Architects

Mortgages@ScottHarrimanMortgages.com
(250) 565-4969 / 1 (604) 328-5004
http://www.scottharrimanmortgages.com

Scott - Facebook Scott - Linkedin

Investor Alert!

 

Build to suit and hold opportunity in Prince George.

Triple A client looking to lease a 7,000 square foot building on 2/3 of an acre.

Project cost approximately $1,500,000 land and building.

We have the site and the tenant, We Just Need You!

Financing available and long term lease would be put in place.

For more information contact me at (250) 565-4969. Referrals welcome 



Only Freak Out With Less Than 20% Down

 

Everyone and their dog has probably read about the crazy real estate market...folks, it's just another roller coaster.  

The media makes it sound like an earthquake had hit the real estate market.  In reality, it's just another bump and in 8-10 years from now, this will happen again.

The only thing that remains constant is change.  We will all adapt and life goes on.

For now, here is the low-down on what's happened and how it may affect you:

If you have less then 20% down, you are going to lose 20% of your purchasing power. 

This means the following:
If you wanted to live in Vancouver, you are now living in Burnaby.
If you wanted to live in Burnaby, you are now living in Coquitlam.
If you wanted to live in Coquitlam, you are now living in Langley.
If you wanted to live in Langley, you are now living in Abbotsford.
If you wanted to live in Abbotsford, you are now living in Chilliwack.  
and so on...

Overall, if you do not have 20% down, you are moving East.  

For everyone else with access to 20% down, we have lenders that will not be affected by these rule changes.   Call, text or email me if you want some assurance on your situation.



Most Affordable Homes, Foreclosure Lists and More...

 

1) Nov 2016 - 10 Most Affordable Acreages on the Chilliwack Board
1) Nov 2016 - 10 Most Affordable Acreages on the Fraser Valley Board
1) Nov 2016 - 10 Most Affordable Acreages on the Islands-Van & Gulf
1) Nov 2016 - 10 Most Affordable Acreages on the Sunshine Coast
1) Nov 2016 - 10 Most Affordable Acreages on the Vancouver Board (Mainland)
2) Nov 2016 - 10 Most Affordable Single Family Homes on the Chilliwack Board
2) Nov 2016 - 10 Most Affordable Single Family Homes on the Fraser Valley Board
2) Nov 2016 - 10 Most Affordable Single Family Homes on the Islands-Van & Gulf
2) Nov 2016 - 10 Most Affordable Single Family Homes on the Sunshine Coast
2) Nov 2016 - 10 Most Affordable Single Family Homes on the Vancouver Board (Mainland)
3) Nov 2016 - 10 Most Affordable Single Townhomes on the Sunshine Coast
3) Nov 2016 - 10 Most Affordable Townhomes on the Chilliwack Board
3) Nov 2016 - 10 Most Affordable Townhomes on the Fraser Valley Board
3) Nov 2016 - 10 Most Affordable Townhomes on the Vancouver Board (Mainland)
4) Nov 2016 - 10 Most Affordable Condos on the Chilliwack Board
4) Nov 2016 - 10 Most Affordable Condos on the Fraser Valley Board
4) Nov 2016 - 10 Most Affordable Condos on the Vancouver Board
5) Nov 2016 - 10 Most Affordable Bare Land Properties In The Lower Mainland
6) Nov 2016 - 10 Most Affordable Multifamily Units In The Lower Mainland
7) Nov 2016 - Complete Bareland FORECLOSURE LIST In The Lower Mainland
7) Nov 2016 - Complete Single Family FORECLOSURE LIST In The Lower Mainland
7) Nov 2016 - Complete Townhouse & Condo FORCLOSURE LIST In The Lower Mainland

The past month I had many subscribers who loved this format of the most affordable properties & Foreclosures that I decided I will continue to place this in each monthly newsletter.

Looking for an affordable opportunity or investment in this market? View the links above for the top 10 best priced properties in each category from the Lower Mainland.

And for those who need a little more space or view, I placed these properties in the following link with access to more pictures...

10 most expensive properties in the Lower Mainland



Family Vacation

 

Cabo San Lucas 2016

We took a long awaited vacation to one of our favorite spots in Mexico. Enjoyed 9 days of sun, warmth and the poolside.

This trip included my son, daughter-in-law and my 4 year old grand-daughter, Mackenzie. 

The vacation dynamic changed quite a bit, but all for the better. There was an explosion of blow up toys in the resort's pool. There seemed to be some competition among the tourists for the biggest or most outlandish blow-up toy. 

Here is Mackenzie enjoying the Swan!

Can't wait to go back!



Investors Corner

 

6 Crucial Factors

The 6 Crucial Factors of an Amazing Tenant

The most important decision you make that will determine the success or failure of your rental is the person you put in the property. A bad tenant can potentially cause years of stress, headache, and financial loss, while a great tenant can provide years of security, peace and prosperity. 

Don't underestimate the importance of renting to only the best tenants. While it's not possible to know with 100% certainty what type of tenant your applicant will be, there are some tell tale signs and traits that will give you a pretty darn good indication that they are a great tenant. Here's what you should be looking for.



Basement Suite Income Case Study - 2 Basement Suites @ $1000/Month Each

 

This case study shows how people are purchasing million dollar properties with just basement suite revenue supplementing thier T4 income. 

The funny thing is, you can't do this at the big banks.  It's all done at local credit unions. 

Here's my buddy Robert Klein's blog post on how he does this for his clients:   
Case Study Blog Post



Newsletter not displaying properly? Click here to view on the web