10th Edition for March 2017

Norma Doucet - Real Estate Investor

ProperDy's Investment Specialists

ProperDys@gmail.com
6047001855

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. 



7 must-read tax season tips for real estate investors

 

As a real estate investor, what should your real estate accountant be advising you about for the 2016 tax season, and the coming of 2017?  

I found this interesting article by George E Dube from BDO who works exclusively with real estate investors.

Here are the 7 must-read tax season tips for real estate investors:

1. Principal residence exemption reporting for 2016

2. Review your tax year - what happened to you and your real estate investments last year.

3. Decide: to CCA or not CCA this tax season.

4. Determine repairs vs capital expenditures...deductions now or over time.

5. Condo special assessments...review special tax treatments with your real estate accountant.

6. Get online now...before your tax deadline.

7. Start thinking about the coming year (2017).



Clean Up Your Credit Sheet in 2017, Equifax - $20/month - Unlimited Credit Pulls

 

Equifax now allows UNLIMITED credit pulls for $20/month. 

This is ideal for someone who is actively trying to improve their credit. This means you can monitor and review/revise your credit information and work on improving your FICO score. 

This is an awesome tool for the active real estate investor.  

If you're planning on refinancing or mortgaging in the near future, it's worth the $20 bucks per month to improve your score and clean your credit sheet.

If you curious what steps you should take to improve your score, shoot me over your report and I will tell you how :-) 

Sign up here: http://www.consumer.equifax.ca/

Edit this Article to Change the Title

 

Wow what a whirl wind ..

Going back to school has been an amazing experience and frustration, all rolled into one!

I thought all computer programs were pretty easy to get around, but i am being challenged by a few that don't make sense ... Is funny, as an old saying comes to mind, about the right hand not knowing what the left hand is doing. Now if i just had a couple more hands ... and another brain ... oh yes and of course a few more eyeballs ... 

Well slowly but surely the information is getting in there ... watch out all you young ones ... this old dog is learning new tricks!



Life hacks - how to improve efficiency & productivity

 

I am always finding new ways to leverage my time to be more productive and efficient. (Click the app name to get them.)

SquareUp is a wonderful way to get paid. Its a mobile point-of-sale tool and online invoicing to next-day deposits and inventory management. Square has everything you need to run your business anywhere. Get the first $1000 transactions for free using this link: SquareUp

DocuSign is an amazing tool that allows you to really go paperless in your business!  Get clients to sign digitally.  Clear documents that can be safely sent via email (link to secured server) and legally binding. Get trial account to test it out for free here: Docusign

Mighty Text This great little app allows you to "text" people from your computer and ALL of your android devices.  For those who prefer the full keyboard to typing in the small little cell phone space, this is a game changer.  Get it here: Mighty Text

TRELLO  helps you manage your to do list effortlessly and you can have others be part of a group to tackle a project together. TRELLO

Sync is cloud-based file storage similar to Dropbox/GoogleDrive but it is in compliance under Canadian laws (PIPEDA et al). Sync

Make PDF Smaller so you can email files to your friends, family or co-workers?

Text without Wi-Fi or Data with Fire Chat. No Data? No problem! Fire Chat



Creative Ideas

 

Before you call your contractor, consider these crazy ideas for your house.
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My address is:
Norma Doucet
ProperDy's Investment Specialists
5425 Ewart Street
Burnaby, V5J2W6
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