Nischal Ram-Freedom 40 Investments Inc-December 2018-Edition #42

Nischal Ram - Real Estate Investor,Real Estate Coach and Realtor

Freedom 40 Investments Inc.

Nischalramrealestate@gmail.com
604 308 6404
http://nischalram.com/

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Your Fraser Valley Real Estate Market Update

 

Despite November’s market continuing at a slower pace and dropping compared to all-time highs in 2017, sales and inventory levels for the month were on par with historical averages for this time of year.

Here is the summary of the market for October

Total Sales Processed  - 1,028

Total New Listings - 2,077

For the Fraser Valley region, the average number of days to sell an:

Apartment (Condos) - 31 Days

Townhomes - 31 Days

Single Family Detached - 39 Days

Of the total transactions Fraser Valley Real Estate Board processed:

241 were Townhouses

286 were Apartments (Condos)

383 were Single Family Detached

Total Active Inventory last month - 7,355 listings

New listings received in November - 2,077

HPI Benchmark Price Activity

Apartments/Condos 

Benchmark Price - $422,500

Price decreased 2.4% compared to October 2018

Price increased 12.2 % compared to November 2017

Townhomes

Benchmark Price - $532,800

Price decreased 1.0% compared to October 2018

Price increased  5.4% compared to November 2017

Single Family Detached

Benchmark Price - $976,200

Price decreased  1.1 % compared to October 2018

No change in price compared to November 2017

For the most updated market information on what is happening in your neighborhood, give me a call at 604 308 6404 or e mail at RealtorNischal@gmail.com

The support of a real estate expert goes a long way when navigating a busy market in the Fraser Valley..

Reminder: As you know that I am in real estate investment and sales and my passion is to bring buyers/sellers together. Who have you talked to in past couple days that might be thinking about buying/selling in British Columbia or anywhere in Canada (I am blessed to be a part of a huge network that I meet/talk-to on regular basis which is the backbone of my business that my clients benefit.

Also, we offer a $500.00 referral fee to anyone that leads to successful completion of a sale.



5 Reasons I’m Not Worried About the New Real Estate Market Correction

 

There is more and more talk about a new real estate correction happening. It’s smart to be alert and aware of how the market is changing. But it’s even more important and wise to be ahead of the curve and to have efforts in place to weather the storm.

Whether or not you’ve experienced a correction, there are things you can do now to mitigate risk when it happens. Here’s what I do personally so I don’t have to worry as much when I hear news of a possible market correction.

1. I buy based on Cash Flow, not Appreciation.

My real estate investing model is to acquire income properties. I’m not counting on flipping or gambling on appreciation. That seems especially dangerous right now. The numbers have to work up front, and I have to be able to hold it. More recently, I moved up to larger multifamily apartments, which are even more resilient during tougher economic times.

2. I focus on Growth Markets.

There may be some housing markets and cities that have peaked or even surpassed their recent peaks already. Still, there are also markets that are growing and have plenty of room for growth. Even within these cities, it is best to make sure not to be investing in the worst neighborhoods, which have poor performance and crime rates that bring down values. Initial cash flow projections and returns on investments in those lower income neighborhoods may look good on paper, but the longevity is not there. That is why they frequently change hands to different owners in short time periods of time.

3. I’m Selective.

Most investors are picking full-priced properties (or higher) off of the MLS. These are mostly condos and townhouses which had higher appreciation than detached homes in the past year. They are gambling on appreciation to sell them for more or are putting little rehab work in to them to sell. You may want to be more selective. I probably now look at 20 to 50 properties before pulling one down to work on.

4. I stick to the numbers.

The numbers have to work. It’s still hard not to fall in love with properties, but you can’t afford to. You aren’t going to live there. It is far more profitable to just buy on the numbers alone.

If you let yourself fall in love with a property, you can be tempted to stretch numbers, make excuses, add in hope instead of facts, and generally sell yourself on a property you have no business buying. It helps to have a great partner who underwrites the deals on the math and always keeps you in check.

5. I focus on service and long-term value.

When it comes to management, I’m focusing more on service and making apartments “communities.” So, if or when rents drop, then that can give us the upper hand. If another community has lower rents or is marketing special deals, but our service is better with the rent rates a little higher, that is value we offer, and folks will see that.

People have been burned so badly and frequently in so many aspects in this day and age that they just want a business that will do what they say. It’s interesting that this basic level of honesty is so rare—and that’s good for us. It’s sad to see what will happen to so many other brands and jobs because they are trying to squeeze every dime out of people with sneaky tactics. People know they can trust us. They will stay. They will tell their friends, family, coworkers, and people they meet in the coffee shop or gym. That means lower turnover rates, and it adds far more net profit to our properties.

There may or may not be a housing correction at play in your market. No matter when it comes or how deep it is, there are smart adjustments investors can make now to avoid risk. If you think bigger and longer term and aren’t drawn into stampedes in either direction, you will be OK.



Multi Families For Sale in B.C.

 

1927-1933 E 6th Avenue - Prince Rupert
1340-1358 Johnson Street - Prince George
2336-2340 Oak Street - Prince George
1423-1425 Nation Crescent - Prince George
571-573-575-577 Jones St - Quesnel
2900 Upland Street - Prince George
1371-1373 Sloan Avenue - Prince Rupert
60-66 Wedeene Street - Kitimat
8908 81 Street - Fort St. John
9703 Peace River Rd - Fort St. John
70 Stikine Streeet - Kitimat
80 Stikine Street - Kitimat
4826 Agar Avenue - Terrace
31-37 Wedeene Street - Kitimat
18036-18038 57A Avenue - Cloverdale
3230 Clinton Street, Terrace
13038-13040 101B Avenue - Surrey
3570-3572 Douglas Rd - Burnaby
7564-7568 Birch Street - Mission
3152 Pearson Road - Houston
2221 Butler Avenue - Houston
1051 Chamberlin Avenue - Prince Rupert
1621-1699 Ingledew Street - Prince George
45749 Kipp Avenue - Chilliwack
33330 Westbury Avenue - Abbotsford
620 Pine Street - Nanaimo
46565 Yale Road - Chilliwack
1717 Spruce Street - Prince George
200 Sherbrooke Avenue - Prince Rupert
45699 Patten Avenue - Chilliwack (22 Units)
99 Stuart Drive - Mackenzie
9465 William Street - Chilliwack
11901 222 Street - Maple Ridge
4526 Park Avenue, Terrace
111 Knox Street - Kamloops



Merry Christmas and a Happy New Year to all our Family and Friends.

 

On behalf of the entire team at our Real Estate Investment and Sales business, we would like to wish you a very Happy Holidays! We hope you get some well-earned rest and relaxation, and lots of time with those you love.

2018 has been a wonderful year for us in multiple ways as we expanded our business, made amazing connections and strengthened our relationship as a family.

All of us wish you a joyous Holiday Season and a New Year filled with love,  peace, prosperity and happiness. We are so grateful for all of your support in 2018, and we can’t wait to see what 2019 holds!



Tony Robbins’ Ultimate Guide to Your Best Year Ever

 

The 5-Step Plan to an Extraordinary Year

Transforming into the person you want to be in 2019 is not difficult so long as you have the dedication, focus and correct tools at your disposal. But you should always remember to set your sights on something within reason.

Most people overestimate what they’re going to do in a year, and they underestimate what they can do in a decade, or two or three or four.

Follow this roadmap to begin crafting the best year of your life.

1. Feed your mind.

Feeding your mind is all about perspective. You’ve got to bring something new to it otherwise, you’re going to keep operating off the same old beliefs, the same old thoughts, the same old emotions that have not gotten you to the level you want. Don’t just hope things will go the way you want. Condition yourself to believe that they will.

Feeding your mind is all about perspective. You’ve got to bring something new to it.

2. Strengthen your body.

Strengthening one’s mind is crucial. But equally important is strengthening one’s body.   

Go on a sprint. Go lift some really heavy weights. Go on a really long walk. Priming your physical self can set the stage for the change you want to see mentally or emotionally. You’re going to get depressed if you drop your shoulders, drop your head, speak slowly and think about what you’re afraid of. But if you go for a really intense run, music blaring and heart pumping, your body and mind will both be energized and clear, and you’ll be able to better focus on what you want.

3. Find a great role model.

If you want the best year of your life, you need to decide to find a great role model who is already getting the results you want. You don’t want to just try to do it yourself.

4. Take massive action.

This step is simple: Make a huge step forward. Build your company’s website. Reach out to a prospective investor. Talk with your spouse about couples counseling. Plan that grand vacation for your family you think will bring everyone together.

But you must remember to be flexible and alter your course if necessary. To really demonstrate the importance of this point, Robbins often shares the same metaphor. Let’s say your goal was to see a sunset, and you began by running east.

“I don’t care how positive you are, I don’t care how enthusiastic you are, it’s not gonna happen—you have the wrong strategy,”

5. Get outside of yourself.

Instead of focusing 100 percent on your goals and what you want to achieve, you must also find a way to add value to others. As corny as it sounds, the spirit of living is giving, and it’s what makes us alive. This will have two primary impacts:

No. 1, your problems will lessen in intensity.

No. 2, your life will have more meaning.

Life is not about me; life’s about we. So it’s not just growing, it’s growing and contributing beyond yourself that makes your life meaningful.

Embrace Uncertainty

One of the most important things you can do to make 2019 your best year yet is become comfortable with uncertainty. The quality of your life is in direct proportion to the amount of uncertainty you can comfortably live with. Because if you want to be certain about everything every moment, then you can’t do something new, you can’t grow.

Our brains were designed to assess and combat risk, and fight or flight when necessary. But we are more than our minds. We’re our heart, we’re our soul, we’re our spirit.

And if everything in life were certain, life wouldn’t be worth living. We all want certainty so bad. But if you’re totally certain every moment, what’s going to happen? You’d be bored. So we need uncertainty. We need a lot of it.



15 Quotes About the Spirit of Christmas

 

Merry Christmas! It’s the most wonderful time of year, don’t you think? With so many heartfelt traditions, today’s sweetest moments look slightly different for all of us, but sweet they are indeed—dreaming of snow, drinking eggnog, opening gifts under the tree, volunteering at the local soup kitchen. No matter the tradition, one thing never changes: The love of family surrounds us and attaches itself to every beautiful moment. Cherish these memories.

1.“Gifts of time and love are surely the basic ingredients of a truly merry Christmas.” ―Peg Bracken

2. “We are better throughout the year for having, in spirit, become a child again at Christmas time.” ―Laura Ingalls Wilder

3. “He who has not Christmas in his heart will never find it under a tree.” ―Roy L. Smith

4. “Christmas waves a magic wand over this world, and behold, everything is softer and more beautiful.” ―Norman Vincent Peale

5. “My idea of Christmas, whether old-fashioned or modern, is very simple: loving others” ―Bob Hope

6. “One of the most glorious messes in the world is the mess created in the living room on Christmas Day. Don’t clean it up too quickly.” ―Andy Rooney

7. “At Christmas, all roads lead home.” ―Marjorie Holmes

8. “Christmas is a season for kindling the fire for hospitality in the hall, the genial flame of charity in the heart.” ―Washington Irving

9. “A good conscience is a continual Christmas.” ―Benjamin Franklin

10. “Christmas is a day of meaning and traditions, a special day spent in the warm circle of family and friends.” ―Margaret Thatcher

11. “Christmas isn’t a season. It’s a feeling.”  ―Edna Ferber

12. “Christmas is a necessity. There has to be at least one day of the year to remind us that we’re here for something else besides ourselves.” ―Eric Sevareid

13. “Christmas is a bridge. We need bridges as the river of time flows past. Today’s Christmas should mean creating happy hours for tomorrow and reliving those of yesterday.” ―Gladys Taber

14. “Christmas is a season not only of rejoicing, but of reflection.” ―Winston Churchill

15. “Christmas is a tonic for our souls. It moves us to think of others rather than of ourselves. It directs our thoughts to giving” ―B.C. Forbes



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