12 Warren Buffett Words of Wisdom (WoW) on Investing
  
Since it is unlikely Mr. Buffett himself will be sitting at your dinner table anytime soon offering you advice on your real estate investing career, here is a compiled list of what I deem to be some of the best pieces of advice from him.
Take them or leave them as you wish. Maybe they apply to your situation and may be they don't, but they are certainly worth a quick consideration:
1. Be fearful when others are greedy, and be greedy when others are fearful.
2. A public opinion poll is no substitution for thought. (Don't just listen to everyone and their moms ranting off about stuff and take it for gold)
3. Think in terms of income, not appreciation. (Always be cautious when speculating)
4. You ought to be able to explain why you're taking the job you are taking, why you're making the investment you are making, or whatever it may be. And if it can't stand applying pencil to paper, you'd better think it through some more. And if you can't write an intelligent answer to those questions, don't do it.
5. Use partnerships to fill your gap in expertise. (Be willing to admit your weaknesses and be willing to bring in team members to fill those)
6. Minimize your mistakes and learn from those that you make. (Literally the key to real estate investing)
7. I really like my life. I have arranged my life so that I can do what I want. (The difference between investing and a job)
8. When you plan to buy, plan to hold. (Buffett is huge on the idea of holding. Remember the importance of long term plays)
9. The macro view is more important than the micro view. (Look at the big picture)
10. Risk comes from not knowing what you are doing. (Be educated)
11. Embrace the boring. (Sometimes the boring long-term plays are the most successful)
12. I'd buy up a couple thousand single-family homes if it were practical to do so. Houses are better than stocks. (Maybe a little biased on my part since I am a Mortgage Broker, but he has a point ;)
Newly Built Home Exemption
The B.C. Newly Built Home Exemption reduces or eliminates the amount of property transfer tax you pay when you purchase a newly built home. This exemption can save buyers up to $13,000 in property transfer tax when purchasing a newly constructed or subdivided home worth up to $750,000. It can also be used by first-time home buyers in conjunction with the B.C. Home Owner Mortgage and Equity Partnership to help their dream of home ownership come true.
A newly built home includes:
A house constructed and affixed on a parcel of vacant land. An apartment in a newly built condominium building. A manufactured home that is placed and affixed on a parcel of vacant land.
For more information, please give me a call to discuss how this program may be a fit for you or someone you know who is looking at buying their first home. Please Click Here for More Details or, reach me directly at (250) 565-4969
February Foreclosure List
Burnaby-Attached
Burnaby-Detached
Commercial-Real Estate Board of Fraser Valley
Commercial-Real Estate Board of Greater Vancouver
Mission-Detached
Pitt Meadows-Maple Ridge-Attached
Pitt Meadows-Maple Ridge-Detached
Surrey-Attached
Surrey-Detached
Tri-Cities-Attached
Tri-Cities-Detached
Vancouver-Attached
Vancouver-Detached
The usual Real Estate Porn for your pleasure. Take note that these may not be available due to redemption or past the court date. Usually no subjects are allowed and the judge is biased towards the current homeowner. There may be bargains, or not. Do your due diligence. Mortgages are available for these properties, but pre-approvals unlikely as the property is not certain.
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