Robert Klein Newsletter - January 2020/Edition 92

Robert Klein - Mortgage & Life Insurance Broker

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

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January 2020 Foreclosures

 

Abbotsford Detached
Bowen Island Detached
Burnaby Attached
Burnaby Detached
Chilliwack Detached
Cloverdale Attached
Coquitlam Attached
Coquitlam Detached
Harrison Mills Detached
Ladner Detached
Langley Detached
Langley Attached
Land
Multifamily
Mission Detached
Maple Ridge Attached
Maple Ridge Detached
N. Delta Detached
Nanaimo Attached
North Vancouver Attached
North Vancouver Detached
New Westminster Attached
Richmond Detached
Richmond Attached
South Surrey White Rock Detached
Sunshine Coast Detached
Surrey Attached
Surrey Detached
Tsawwassen Attached
Tsawwassen Detached
Vancouver Attached
Vancouver Detached
West Vancouver Detached
Whistler Attached



Properties in this Sechelt, B.C. Neighborhood were once worth over $1M. They now cost $2

 

I could not imagine being the owner of these properties. Most people's net-worths are in their homes. 

It will be interesting to see who is responsible and who has to pay for this.  

City?
Developers?
Insurance?
Owners?

What a mess. 

What happened? Sink holes. 

https://bit.ly/2NP1EEm



0% Down Commercial Financing

 

A few years ago, Doctors/Dentists/Accountants were the main ones that could get access to 0% down financing.  

That's changing, it's now expanding to successful businesses.  

The core client for a product like this is someone who is paying a large lease. 

You are better off paying down your own mortgage vs paying down someone else mortgage.  



Dandan is a Canadian Citizen!

 

8 years later Dandan became a Canadian Citizen!

We now all have Canadian Passports which will make international travel easy :).

The next step is Sarah getting a bit older as we barely travel 30 minutes away from our house.  



Snow Time

 

We had a blast with the snow. The kids were sad to see it leave so quick.  I was happy.  I could not imagine living in an area with 8 months of snow. 



BC Multi Family

 

Interested in investing in Mult Family in BC.  This is a report to read.  

If you are going to buy, look for the cap rates over 5% or super high 4%.  This will allow you to maximize CHMC financing @15% to @25% down.  

CHMC financing can be @ 40 years amortization @ 2.7%.

Maximizes cash flow + maximizes mortgage amount.  

https://bit.ly/2TNE5j3



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