Elizabeth Chi Real Estate Newsletter - Edition 12 - October 2015

Elizabeth (Eli) Chi - RealtorĀ®

Century 21 Energy Realty

eli@elichi.ca
778.256.2888
http://www.elichi.ca/

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Cash Flow Properties

 

Killarney Duplex
Signature Pointe Condos
Woodsmere Condo FSJ

When you look at as many properties as I do, you have to learn how to quickly analyze the numbers to determine whether a property has the potential to be a great cash flowing investment property or not.  I take the gross annual rent divided by the Purchase Price x 100.  If this gives me more than 8%, I look further into this property to see how I can increase rents and decrease expenses.  If it's 9%, definitely look closely.  If it's 10% or greater, hurry up and buy the darn thing!  That bad boy won't last long!

Are you looking for CASH FLOW properties while maximizing your ROI and taking advantage of the capital appreciation in a growth region?  Find properties in Fort St. John to Dawson Creek with some of the best cash flow you've ever seen!

Some of these properties are EXCLUSIVE to our clients only and are not put on MLS.  

(The information contained within the PDF documents are for discussion purposes only and is not to be relied upon without performing your own due diligence.  Figures will vary for each individual)



New Century 21 office in Fort St. John!

 

The 20 month wait is finally over and doors opened to the public on September 28th, 2015!  The entire team is stoked to be in a new office, in a new location with the same great people!  Come check us out at our new location!



Maintenance Calendar

 

Seasonal Maintenance Calendar

Establishing and following a maintenance schedule is the best way to manage your household maintenance budget, to protect your investment and to prevent problems.  Check out the attached PDF to see what you should do to take care of your home now that Autumn has begun!



Highschool Reunion!

 

I wasn't a fan of highschool and was pretty shy.  Ironic I'm a REALTOR!  I was more curious than anything to go back in time to see everyone at my highschool reunion.  Regardless of friendships lost, I still have these girls in my life on a constant basis.  Good friendships are hard to come by and I can't believe I'm lucky enough to have these friends for 25 years!  These are the friends that don't see you for 6 months and it's like it was just yesterday that you saw each other for dim sum!  Too bad one is missing from the group photo but she was there in spirit!  I can just see these Golden Girls sitting on the sofa talking about men with our knitting needles and white hair!  Love these girls!



CMHC to Allow 100% of Suite Income

 

Secondary rental suites are recognized as a source of affordable housing offered at a cost that is often lower than those for apartments in purpose built rental buildings,” it adds. Secondary/basement suites also give lower-income Canadians the chance to live in single-family residential neighbourhoods.

The new rule takes effect September 28, 2015.

To read the full article, click here.



Borrow Your Down Payment or New to Canada?

 

CMHC_Newcomer
CMHC_Purchase

New to Canada Programs CMHC / Genworth 

General highlights, No credit score is required. 
5% down if they have 1 year of good payments provable. 
5% down if they have a satisfactory international credit bureau.
10% (5% can be borrowed or gifted, but 5% needs to be own funds) if they have none of the above.
 
For more info, click here:
 
Borrowed Down Payment Program:
 
General highlights:
0$ Down payment required. 
We do a 5 year loan for the closing costs and the down payment.
Requirement of a strong income and credit score.
 
For more info, click here:


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