Mike Bourassa's Foreclosure and Real Estate Investment Newsletter - July 2017

Michael Bourassa - Mortgage Professional

Coast Capital Savings - Mortgage Specialist

mgbourassa@gmail.com
250.514.9667
https://www.facebook.com/mikebourassamortgagebroker/

Michael - Facebook

July 2017 - List of foreclosures

 

Abbotsford Detached
Burnaby Detached
Cloverdale Detached
Langley Detached
Maple Ridge Detached
North Delta Detached
Surrey Detached
South Surrey White Rock Detached
Vancouver East Detached
Vacnouver West Detached
Abbotsford Attached
Burnaby Attached
Coquitlam Attached
Langley Attached
Port Coquitlam Attached
Richmond Attached
Surrey Attached
Vancouver West Attached
Victoria BC June Foreclosures

Here is this month's list of foreclosures! If you have any questions about any of these properties don't hesitate to ask! You can send me an email to mgbourassa@gmail.com or send me a text/give me a call at 250.514.9667!



Multi-Families for Sale - 4 Units and Up

 

6853-6855 O'Grady Road, Prince George
45881 Lewis Avenue, Chilliwack
13022-13024 103A Avenue, North Surrey
3448 St. Anne Street, Port Coquitlam
37955-9 Westway Avenue, Squamish
231,233,235 Pine Avenue, Sparwood
2020 Kanata Avenue, Houston
9493 Cook Street, Chilliwack
9419 Woodbine Street, Chilliwack
1530-1600 Albatross Avenue, Kitimat
645 9th Avenue, Campbell River
4045 1st Avenue, Prince George
4031 1st Avenue, Prince George

Here is a sample analysis of the 53 Unit Apartment building on 645 9th Avenue in Campbell River.

Listed Price - $4,500,000.00

Down Payment - 25% ($1,125,000.00)

Number of units - 53

Annual Gross Rental Income - $430,680.00

Less 5% Vacancy - ($21,534.00)

Annual Laundry Income - $4,700.00

Effective Gross Income - $413,846.00

Annual Operating Expenses - ($181,564.00)

Net Operating Income (NOI) - $231,981.92

Estimated Annual Mortgage Payment - ($192,055.56)

Annual Cash Flow (Profit) - $39,926.36

Monthly Cash Flow - $3,327.20



Having the Wrong type of HELOC is costing you money & missed opportunities

 

Most People Have the Wrong Types of HELOC and They Don't Know it

In life, nothing is created equal and not every financial institution has an identical product (of another). Even a simple product such as the home equity line of credit.

Most people have a HELOC that may be causing them to lose opportunities, costing them time or money and are oblivious to it.

The sad reality is that the average consumer isn’t aware of this. Even most mortgage brokers and financial planners don't even know this.  Read the attached report to find out if you have the right one or the wrong one and how to fix it.



July 2017 Commercial properties

 

July 2017 - Agri Business - BC Wide
July 2017 - Multifamily - BC Wide
July 2017 - Business w Property - BC wide

Here is a list of this months Commercial properties, lots of different opportunities available. 



the 'Dog Days' of Summer

 



10 Habits to Adopt if You Want to Become a Real Estate Investing Legend

 

When people start talking about greatness, there's always something a little surreal about it. Greatness is for athletes and activists and the type of people that others make documentaries about. Greatness is a characteristic that's sometimes difficult to see applied to yourself (if you're a humble type) in that larger-than-life kind of way.

Just like the legends in your field, we have role models and mentors in real estate investments as well. A great example is our very good friend Mr. Don Campbell from Real Estate Investment Network (REIN). He is a role model and a mentor to thousands of real estate investors and has tons of influence in our real estate investing business.

Here are the 10 keys to building a legendary reputation in real estate investment.

1. Be Kind

As real estate investors, our business is deeply people based. How we treat the people around us is paramount to our success

2. Master your niche

Be a master. Hone in on your niche and completely master it. Be the undisputed champion. Be the person who talks about your area of real estate investment and causes everyone to stop and listen.

3. Stay humble

Humility is one of the best qualities you can have, period - not just for public opinions sake, but because it prevents hubris, which prevents us from making stupid mistakes. Stay humble and seek to educate first. Learn to educate in your niche from a point of humility, and your legend will be on its way.

4. Never stop learning

Hand-in-hand with humility is realizing that you always have more to learn. No matter how long you have been in the real estate investment game or how old you are, keep pushing your education forward.

5. Find your own mentors

One way to keep learning is to sit at the feet of the investors and experts you trust most.The company you keep matters. If you want to learn from and emulate them, there's a reason.

6. Make genuine connections

Network, network, network! So many investors neglect this key step in their journey. Building up professional connections is key not only to generating leads, but to crafting a network that creates the support and structure your business needs in a way that's beneficial for everyone.

7. Go above and beyond

The best real estate investors have something in common: They all go above and beyond. You'll never find a legendary real estate investor who settles for a second rate. They all value excellence - in their services, in their properties, in their deals, in their effort, in everything.

8. Value the details

Another way to ensure your status as legend in real estate is to simply pay attention and value the little things-details. People pay attention to those little details that add up to a whole lot of integrity.

9. Own your mistakes

A huge part of your reputation hinges on how you deal with failure and mistakes. The way you deal with the worst of what real estate investing throws at you says a lot to your colleagues.

10. Keep pushing forward

In the face of difficulties, the best thing you can do for your reputation is to keep going. It won't be easy, but when you show perseverance and the will to carry on, it says a lot about you. Many of the best investors you will find today, those who may truly be legendary, are the ones who persevered through the toughest real estate climates any of us can remember. They put their heads down and went to work - not after the crisis, but through the crisis. They kept pushing forward; they took hard meetings, made tough phone calls, and continued to believe they would succeed. These are the true legends of real estate, and their example of finding a way should be one you seek to emulate.



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