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  1. NickDavis

    56 families left homeless from Sunrise Apartment fire in Maple Ridge

    Thanks Anna, I appreciate the nice comments. All of the credit should go to my brother though :) He's the one who set up the Facebook page facilitating the donation requests. :)
  2. NickDavis

    56 families left homeless from Sunrise Apartment fire in Maple Ridge

    Global News Report: http://globalnews.ca/news/1895773/large-apartment-fire-burns-in-maple-ridge/ Vancouver Province Article: http://www.theprovince.com/touch/news/vancouver/Closest+call+Firefighters+pluck+disabled+senior+safety/10909710/story.html?rel=
  3. NickDavis

    56 families left homeless from Sunrise Apartment fire in Maple Ridge

    On March 21st, a fire at the Sunrise Apartment in Maple Ridge put 56 families out of there homes. It will be at least 4 to 8 months before anyone can move back in. Many will choose to stay where they find housing next. Some may hope for a temporary option till they can move back in to the...
  4. NickDavis

    Accountant References Manitoba

    QUOTE (DerekMInnes @ Oct 25 2010, 08:37 PM) Hello I`m looking for Accountant References in for Manitoba? Thank you for any input Hi Derek, I lived in Winnipeg for 3 years and used Keith Findlay at Scarrow & Donald on Donald Street. In fact, I`ve had two tax seasons back in BC and still use...
  5. NickDavis

    Smart Phone Apps

    I have a Blackberry and absolutely hate the text messaging (it looks like emails, so it`s hard to follow a conversation.) I have found a new app - Crunch SMS that displays text messages exactly the same as the bubbles on the iPhone. It`s a must have and it`s free!
  6. NickDavis

    HST in BC

    QUOTE (Dan_Eisenhauer @ Jun 26 2010, 12:02 PM) People who are worried about HST need to get a grip. My sentiments exactly! I am getting so sick and tired with people complaining simply for the sake of complaining. Take the article in today’s Province – Couple’s honeymoon dream dies. They state...
  7. NickDavis

    Attention Realtors who specialize in Maple Ridge Pitt Meadows

    Are you a Realtor in BC who specializes in Maple Ridge or Pitt Meadows? We are REIN members and are looking to purchase a Condo or Townhome. The property must fit the following requirements: Must allow rentals (if only a few allowed - allocation must be available or we’re not interested)Must...
  8. NickDavis

    Why Won’t It Cash Flow?

    Ok, first off I fully admit I am WAY over my head here... But for simple small town folk like me I think this pretty much sums it up: I would much rather prefer to use my $50,000 to invest the "banks" $200,000 and have the opportunity to earn a return on a total of $250,000. Honestly, I know I...
  9. NickDavis

    Why Won’t It Cash Flow?

    QUOTE (housingrental @ Jun 8 2010, 09:21 AM) Nick: No Your forgoing the returns you can get from a different purchase with that money Ok, thanks. Just to clarify what your saying is that by using the 5% reutrn method you could reinvest annually rather than waiting the 5 years thus compounding...
  10. NickDavis

    Why Won’t It Cash Flow?

    QUOTE (housingrental @ May 30 2010, 12:48 PM) You`re trying to re-define the commonly accepted meaning of terms for no apparent reasonThat is not an expenseAs Thomas has pointed out it is an opportunity costSo, I`m breaking every rule here. I`m bringing back a dead hijacked thread.. Here is my...
  11. NickDavis

    RBC Affordability Report

    QUOTE (wgraham @ May 25 2010, 11:40 AM) Here is the must read report for all real estate investors. RBC Affordability Got my email containing this report this morning I know Don is going to remind us at the upcoming ACRE weekend in Vancouver but does anyone remember what the perfect...
  12. NickDavis

    Can someone with poor credit purchase a small condo with zero down?

    Hi Lucas, thanks so much for your quick reply. I have answered in blue after your questions below: QUOTE (Lucas @ May 12 2010, 11:55 PM) A couple questions that I would ask... 1. Who pays for the maintenance of the property (ie. fridge craps out or floor gets badly damaged)? Who would pay to...
  13. NickDavis

    Can someone with poor credit purchase a small condo with zero down?

    Hi all, any suggestions and opinions would be greatly appreciated! A friend of mine is currently renting in Port Moody. He has a 1 bedroom, 3 year old condo that the owners have had on the market for a few months without luck. The owners really need to sell it and he really doesn’t want to move...
  14. NickDavis

    2007 Neighbourhood Income and Demographics

    Hey all, I found this while "googling" for information. I thought it may be of interest to everyone; it shows the average income for each FSA (ex. V0A) as well as a lot of other information. If anyone else has found information that may be helpful it would be great if you posted it as well...
  15. NickDavis

    Change profile name

    Thanks, I was trying to find this out too!! Nick
  16. NickDavis

    Townhome complex purchase possible?

    Yes, I couldn`t believe my eyes when I saw the buildings and then read the stories. As I said before I didn`t ever imagine this stuff actually happened. It seems that the City has let down its citizens in this case. I really feel for the 5 people that own the other units. Their home is worth...
  17. NickDavis

    Townhome complex purchase possible?

    Thanks Rick, I should have thought about that! Google can give you answers on everything. Honestly, I didn`t actually think there were places like that in BC. I`d love to get together for a coffee. I tried to PM you but I didn`t realize the feature was disabled. Give me a call tomorrow if you...
  18. NickDavis

    Townhome complex purchase possible?

    UPDATE: Took a drive by the complex today and the condition is even worse than expected. They would definitely be classified as slum housing and run down; however, I am not totally convinced they cannot be salvaged. It will take a closer look by someone far more experienced than me today and...
  19. NickDavis

    Townhome complex purchase possible?

    Hello, I have spent a few hours on the forum searching to see if this type of question has already been answered but couldn`t find anything. I know even looking into something like this for someone who is not experienced in RE investing is insane - but I wouldn’t mind getting some questions...
  20. NickDavis

    Is this a red flag?

    QUOTE (thomasbeyer2000 @ Jul 27 2009, 12:34 PM) First question to ask this "landlord" is : "I`d like to rent a suite .. what do you have available" .. w/o your name .. as this may trip up any buddy he has to pose as a landlord. Do not ask " What can you tell me about Mr. & Mrs. XYZ .." I love...
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