Nischal Ram-Freedom 40 Investments Inc-August 2018-Edition #38

Annual Thanksgiving - Surrey Basket Brigade 2018 - Feeding 100 Families locally

We will be having our 3rd  Annual Thanksgiving Day Basket Brigade Food Drive Weekend on October 6 this year. Our team of volunteers at Surrey Basket Brigade will be delivering the Thanksgiving Food Baskets to the families in the Lower Mainland. We helped 80 families last year. Our target this year is to help feed 100 Families. With the help of our Volunteers and generous donors, our group is certain we will be meeting our goals. 

City of Surrey stepped in to help us last year financially and sent staff to help putting the baskets together. They also helped in delivering them to the families as well.

If you are able to help in any way, please contact me directly and I will add you to our list of several volunteers who had amazing life changing moments delivering the food baskets last year to the deserving families.

These families will not have much, if anything, to eat or feel grateful that there are strangers out  there in the world that care about them. The generous donation of your time or monetary donation will definitely help make a difference in these families lives for Thanksgiving.

Here is a link to the Surrey Basket Brigades Facebook page for more information.

Here is a link to the article in the local newspapers from our event last year.

So the question to ask yourself is, are you all all talk about helping others or are you an action taker willing to help others in the community? If you are the latter, I would like to welcome you to our team of action takers who take total pride in making a difference in our community.

Lets get together and make a bigger event this year.

Multi-families For Sale in B.C.

321 Bettcher Street-Quesnel
3133-3145 Pearson Road - Houston
3195 Pearson Road - Houston
859 Avison Avenue - Quesnel
633 Murphy Street - Quesnel
643 Murphy Street - Quesnel
601 Willow Street - Quesnel
2549 Avalon Avenue - Houston
851 2 Avenue - McBride
892-898 Douglas Street - Prince George
7284 Irene Road - Prince George
221 S 3rd Avenue -Williams Lake
2377-2383 Quince Street - Prince George
571-573-575-577 Jones St - Quesnel
166 Bouchie Street - Quesnel
34554-34558 Vosburgh Avenue - Mission
34546-34548 Vosburgh Avenue - Mission
31-37 Wedeene Street - Kitimat
7716-7718 Taulbut Street - Mission
A B-3640 Victoria Drive - Smithers
13791 111A Avenue - Surrey
372 Roddis Drive - Quesnel
2212 Redwood Street - Prince George
2221 Butler Avenue - Houston
1621-1699 Ingledew Street - Prince George
5905 Vedder Road - Chilliwack
33925 George Ferguson Way - Abbotsford
620 Pine Street - Nanaimo
1917 E 1St Avenue - Vancouver
1717 Spruce Street - Prince George
223 Burton Avenue - Princeton
99 Stuart Drive - Mackenzie
11682 224 Street - Maple Ridge
2919 Prince Edward Street - Vancouver
1020 Parker Street - White Rock
2525 York Avenue - Vancouver

6 Signs You Are Buying a Bad Deal

Finding deals is becoming more and more of a challenge for many real estate investors today. Some seem to be stretching a little too far in order to stay active and keep up their volume. There are deals to be found—just make sure you are watching out for these red flags before you close.

1. The deal doesn’t match your desired numbers.

Things do change. Hard rules of thumb that other investors were swearing by five years ago might not work in your market today. Sometimes you have to become more flexible and diligent in searching for properties to keep a balance of deal flow and minimize risk. Just make sure you aren’t ditching vital investment principles. Numbers don’t lie.

2. It’s been sitting on the market for a while.

There can be some great gems among foreclosures and abandoned property that are working their way through the process, as well as stale or expired listings. Perhaps the sellers weren’t motivated enough previously, had a bad agent involved, or simply overpriced their property.

Still, if a property has been sitting vacant or on the MLS for years, there is probably something wrong with it. If not, someone else would have bought it already. It could be a deal—just make sure you know why it hasn’t sold and do some hard negotiating along with due diligence.

3. It seems too cheap.

Sometimes you may find really cheap deals that are solid. Properties may simply be far cheaper in that market, or the seller might be motivated. Still, prices tend to reflect value oftentimes. It could be that there are expensive structural repair issues under the surface, often including roofs or foundations. Or there could be zoning challenges or large past due property tax bills  that the seller is expecting you to take on. Find out why it’s so cheap. Look at the value, and price any issues or unknowns into your offer.

4. It has high vacancy rates.

High vacancy rates in multifamily apartment buildings can be a sign of bigger issues. It’s possible that the previous management was completely inefficient. Or maybe there are some serious maintenance or neighborhood causes. Talk to tenants and neighbors to get a feel for this. Also, anticipate even more turnover when you take over. Some tenants are probably behind and will find it less expensive to leave than catch up. Others might not like your new management style. Factor these vacancy rates into your underwriting figures.

5. There are title issues.

Title issues can really wreak havoc on investments. You can spot some of these in advance by noticing oddities and gaps related who who is trying to sell the property and who is listed as owner in public records. Sometimes the title is so uncertain that you can’t get title insurance. Your next buyer may not be able to either, and that puts your entire investment at risk. 

6. The market shows poor local fundamentals.

A good investment is as much about the location and local economy as it is about the individual property you are looking at buying. Are population and jobs growing, or are those on the decline?

There are indeed good real estate deals out there. But they may be harder to find today and require more investigation and negotiation. Watch out for these six red flags and complete your due diligence before going to closing if you want to keep your returns in the green.