9th Edition - Thankyou

Norma Doucet - Real Estate Investor

ProperDy's Investment Specialists

ProperDys@gmail.com
6047001855

LAUGHTER, the best medicine!!

 

Laugh out loud at life. It is a good medicine for your heart and spirit. It is a way for you to say"Life ~ I am still standing with my head up high." Laughter strengthens the immune system and increases your capacity to cope. 

It has the power to heal you at a cellular level. Sometimes all you can do is laugh, even through your tears and pain.

When you are overwhelmed, laugh at your bills, your body, your kids, or at any unexpected challenge of life. This is not denying what is in your life. It is defying it!

One minute of anger weakens the immune system for 4-5 hours, while one minute of laughter boosts it over 24 hours. So try this......make silly faces in the mirror, laugh from down deep and bring out the child in you!

Find some popcorn, get a few family, friends together and allow yourself to really laugh. Interrupt your worries and choose to make yourself feel good in spite of it all.

You Truly Deserve it!!!!! However, don't just take my word for it. Here is some research to back it up>

http://www.helpguide.org/articles/emotional-health/laughter-is-the-best-medicine.htm



How Much Money Will You Need To Retire?

 

A recent survey by ING Direct reveals that 30% of retired Canadians had to return to work because they misjudged how much money they would need for retirement.

Many who took the survey regretted not saving enough in the first place, not saving sooner, and spending money so “mindlessly”.

It’s never too soon (or too late) to start planning for your retirement. How much money you will need and how you will make it last are two of the top concerns of would-be retirees.



Muckabout Pottery

 

What a great start to the year.

Pottery classes, Art Journaling Fridays and lots of new workshops on our calendar. 

Muckabout has replenished stock in the shop after the pre christmas blitz and added lots of great new workshops and fun activities.


We look forward to visiting with you this month. 


See the full list of workshops at www.muckabout.ca



Case Study: How to analyse a multifamily building

 

RENTS Executive Mike Moore has been putting out awesome content for all of us to learn from, even while he is enjoying his winter in sunny Australia.  

"would you pay?

Owning Up” – Confessions of a Real Estate Investor

How much would you pay?

Three years ago, I was approached by a newbie investor about a multi-family property in Prince George. He wanted to either Joint Venture with me or receive a finder’s fee for showing me the property. I was intrigued by the property, especially when I was told the asking price.

The building is a three story walk-up with six units – five two bedroom units and one one bedroom. It was purchased by investors from Vancouver several years earlier for $250,000 and was currently on the market for $219,000. The newbie whispered that this property could be had for $200,000 to $210,000. $35,000 per door, my response – show me the property and show me the numbers.

Before we continue, take a guess, is this a bargain at $210,000? Way too much at this price? Or just about right?" 

Continue reading...



Accessing Line of Credits on Your Property

 

Due to the price increases across the board, it might be a good idea to see if you qualify for a line of credit behind your first mortgage. 

I do have access to a couple lenders that will do this, without the need to change your first mortgage.

It's best to set this up now when we can get appraisals @ high values.  



Yikes!! Did your BC Assessment go up?!!

 

Well... property assessments are out.  And holy smokers. A survey was completed to see which municipality had the highest increase last year and while we are in South Surrey/White Rock at 54% increase...Some North Delta detached property saw a jump in 60%!!!

While it is unclear how this will affect property tax amounts, some good news is that the Provincial government did increase the home owner's grant from $1.2M to $1.6M. 



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