I also have not made an offer at this point in time and have no idea if the owners would accept $400,000.

Hi Ray, Thanks for your feedback. The home has been on the market for a while. Original price was $449,000 reduced to $429,000 and now sitting at $419,000. I was basing my numbers on $400,000. The home is lovely inside but does lack street appeal. I am going to spend some time over the...

Thank you everyone......It is frustrating though. I have been spending hours looking. I really do want to buy in Surrey as I live here and it is destined to be No. 1 so why not.......the reason I moved away from looking at townhouses is that I have a townhouse that I rent in Surrey and I have...

This is a 5 bedroom home. 3 bedrooms upstairs, 1550 sq.ft. it has vaulted ceilings, views of the City and mountains, an above ground 2 bedroom suite that has large beautiful windows and views. This property is very close to the new centre of Surrey which is going through renewal. 4 minute...

Yes, but the market in the Lower Mainland is quite different. Very difficult to find opportunities much better than this and I am not interested in buying out of province....I believe when the market increases I will do best in Surrey even though my cash flow may not be as great as other provinces.

My actual numbers are: Purchase Price: $400,000 Rental Income $2,100 on low end - realistically should get $2,400 Down Payment $80,000 (LOC Interest only) 20 pct - $233.00 per month Mortgage $320,000, 4.00 locked in for 5 years - $1,410.00 per month Vacancy: $46.00 per month Property...

I have been a REIN member for 1.5 years and have done nothing but attend meetings and have not taken any action until the ACRE weekend inspired me (I have 1 rental property at present prior to joining REIN). I have found a house that I would like to make an offer on (I have a realtor who is a...

I have owned my townhouse for 9 years and lived in it for 6 years; When upgrading to a house I kept my townhouse and have been renting to great tenants for the last 3 years. There is an AGM this Tuesday with a proposed bylaw change to rentals which I am sure will get voted through. Sorry this is...

I couldn`t agree more Kim! As a new REIN Member (joined Nov 07) I was totally impressed and I am so glad that I took my husband to the event as it is so important that he knows what I am up to and he is on Board !!! I learned so much and plan on diving into the wealth of information that we...