Mike Bourassa's Foreclosure and Real Estate Investment Newsletter - February 2018

Michael Bourassa - Mortgage Professional

Coast Capital Savings - Mortgage Specialist

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

Michael - Facebook

February 2018 Foreclosure List

 

February 2018 - Burnaby - Attached
February 2018 - Burnaby - Detached
February 2018 - Coquitlam - Attached
February 2018 - Coquitlam - Detached
February 2018 - Galiano Island - Detached
February 2018 - Langley - Detached
February 2018 - Maple Ridge - Attached
February 2018 - Maple Ridge - Detached
February 2018 - Mission - Detached
February 2018 - New Westminster - Attached
February 2018 - North Surrey - Detached
February 2018 - North Vancouver - Detached
February 2018 - Pitt Meadows - Detached
February 2018 - Port Moody - Attached
February 2018 - Richmond - Detached
February 2018 - Surrey - Attached
February 2018 - Vancouver East - Attached
February 2018 - Vancouver East - Detached
February 2018 - Vancouver West - Attached
February 2018 - Vancouver West - Detached
February 2018 - West Vancouver - Detached



5 Money Making Reasons Why Commercial Real Estate Trumps Residential

 

Have you ever wondered how Donald Trump does real estate?  Did you start investing real estate because you hear it's the best thing?  You've heard about Residential Real Estate but how does Commercial Real Estate work?

This month at my real estate Meetup group, our guest speaker, Peter Leung, will share the start of his journey and how commercial real estate quickly changed his life to building wealth for generations.  Come out to learn, surround yourself with great investors, and build potential joint venture partnerships.

When and where: March 21, 7pm, at CMPNY in Burnaby (at Kingsway and Willingdon)

RSVP here >>



January 2018 Commercial listings

 

January 2018 - Agri business
January 2018 - Multifamily
January 2018 - Land
January 2018 - Business w prop

Here is a list of this months new Commercial listings throughout the Lower Mainland



January 2018 Foreclosures !

 

Attached $1,000,000 +
Detached $0 - $1,000,000
Attached $0 - $250k
Attached $500K - $1,000,000
Attached $250K - $500K
Detached $3,000,000 +
Commercial Foreclosures
Detached $2,000,000 - $3,000,000
Detatched $1,000,000 - $2,000,000

Foreclosure properties are always popular. Contrary to US television shows, these properties do NOT sell for pennies on the dollar here in Canada. 

Contact me if you are interested in these , or any other type of real estate. I will help connect you with a Realtor experienced in what you are looking for.



Recent Transactions

* CONSTRUCTION FINANCING *

CATEGORY:  Single Family Luxury Home

LOCATION: West Vancouver, BC (British Properties)

$3,000,000 Construction Draw loan for a single family home in North Vancouver.  Prime + 1.50% at 75% Loan to Cost ratio, home appraised end value 4,600,000.

If you are in need of Construction Financing for Single Family or a Multi Family project, feel free to contact me.  

P: 250.514.9667  

E: Mgbourassa@gmail.com



How to Keep the CRA Away

 

By Ron Brough, Durham Region Accountant and Tax Professional, Your Bottom Line

Have you ever wondered how the CRA (Canada Revenue Agency) decides who to "pick" on; as in which returns they're going to look at and who they are going to harass? 

While there is no exact formula, there is a way to put the odds in your favour. A big part of an experienced local tax professional's role is to keep CRA off your doorstep.

One of the best ways of doing this is to file your returns ON TIME, EVERY TIME and to be as consistent as possible year to year. 

if you would like to learn more strategies and techniques around this concept.  "When the CRA comes knockin', Ron sends them walkin!"

Want more info? Contact Ron Brough directly at 905.431.8276 or ron@yourbottomline.ws, and tell him you saw his article in my newsletter.



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