Robert Klein Newsletter - November 2019/Edition 90

Robert Klein - Mortgage & Life Insurance Broker

robert@robertklein.ca
778 896 6732
http://www.robertklein.ca

Robert - Facebook Robert - Twitter Robert - Linkedin

November 2019 - Foreclosure List

 

Nov-2019-Abbotsford-Attached
Nov-2019-Abbotsford-Detached
Nov-2019-Burnaby-Attached
Nov-2019-Burnaby-Detached
Nov-2019-Bowen-Island-Detached
Nov-2019-Chilliwack-Attached
Nov-2019-Chilliwack-Detached
Nov-2019-Cloverdale-Detached
Nov-2019-Coquitlam-Attached
Nov-2019-Coquitlam-Detached
Nov-2019-Land
Nov-2019-Langley-Detached
Nov-2019-Langley-Attached
Nov-2019-New-Westminster-Attached
Nov-2019-New-Westminster-Detached
Nov-2019-North-Vancouver-Attached
Nov-2019-North-Vancouver-Detached
Nov-2019-Port-Coquitlam-Attached
Nov-2019-Port-Coquitlam-Detached
Nov-2019-Richmond-Attached
Nov-2019-Richmond-Detached
Nov-2019-Sunshine-Coast-Detached
Nov-2019-Surrey-Attached
Nov-2019-Surrey-Detached
Nov-2019-Vancouver-Island-Attached
Nov-2019-West-Vancouver-Attached
Nov-2019-Whistler-Attached
Nov-2019-Tsawwassen-Detached
Nov-2019-West-Vancouver-Detached
Nov-2019-Vancouver-Attached
Nov-2019-Vancouver-Detached
Nov-2019-Vancouver-Island-Attached
Nov-2019-Whistler-Attached
Nov-2019-West-Vancouver-Attached
Nov-2019-Tsawwassen-Detached
Nov-2019-Vancouver-Attached
Nov-2019-Vancouver-Detached
Nov-2019-Vancouver-Island-Attached
Nov-2019-West-Vancouver-Attached
Nov-2019-West-Vancouver-Detached
Nov-2019-Whistler-Attached
Nov-2019-Multifamily
Nov-2019-Maple-Ridge-Detached



Should I Become a Commercial Realtor?

 

Over the last 4 months, I've done a lot of Facebook marketing that has generated a significant amount of people who are interested in purchasing commercial properties.  

The volume of requests has made me ask myself this question "Should I become a Commercial Realtor?".  

The problem with commercial financing is that it takes 3 months to a year to structure someone correctly to qualify for a specific property or a property in general.  

The second problem is that most Commerical Realtors do not have a strong understanding of what math/financial/corporate structures have to take place in order for the bank to say yes.   ***I can't blame them as it has taken me years to figure this out.***

So...why don't I just do both seamlessly together. 



What Stops Vancouver Developers from Developing Condos

 

Pre-sales.

They have to have a significant amount of units sold before the construction loan is provided.

There is one way around this. 

CHMC Insured Multi-Unit Loans.

The trick is to design your building to make sure CHMC would get involved in the end to replace your construction loan once your building is complete.

How many units have to be pre-sold under this strategy? 

0.



Check Out this 20 Foot Skid!

 

Little Rob is now into extreme mountain biking.  Our Youtube videos are now filed up with mountain biking shows.  

His number 1 goal is to do "60 million double back flips".  



I Bought a Mountain Bike!

 

In 1995 I bought a 1995 Kona Cinder Cone for $1050.  I worked 40 hour weeks in grade 10 to pull this off at $6/hour.  

In 1997 I went to college and stopped mountain biking.  :(

22 years later, I'm back.  

If there was a time to do it, it's now.  



0% Down Commercial Financing

 

Since the influx of commercial business that I'm working on has come in, I've had to streamline my systems to deal with it. 

One of those systems is to network directly with banks.  

How do I do that? 

I cold call them. 

Two Fridays ago, I met with RBC, TD, Scotia and Community Savings on the Island. 

It turns out 2 of the 4 have new programs that allow 0% down on owner-occupied commercial space. 

I now have 4 lenders that can do 0% down. 

Since it's 0% down, loan rates can be higher. 

In general:

1. Strong operating company
2. Your business has to go into the building



Newsletter not displaying properly? Click here to view on the web