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  1. NickDavis

    REIN bookshelf

    Ok, I admit I haven`t read every post in this topic; but, I have tried searching the topic both with the search tool and my windows search and I can`t find the answer. Here`s the deal, I don`t really have a lot of time to read books and I maybe it`s my personality but I just can`t get into...
  2. NickDavis

    REIN,REIT,LP or JV? How to SPEND $250/mth

    Thanks Gary and Dan for letting me know there are monthly meetings in BC. Actually, it`s perfect they are in coquitlam! I did check the calender before but I must have been doing something wrong. Rick, I agree you and I seem to be in a very simliar position. Good luck all, and I hope to see...
  3. NickDavis

    What to choose? 1Bdrm, 2Bdrm, 3Bdrm, Suited house?

    QUOTE (invst4profit @ Jul 22 2009, 07:22 AM) In your initial analysis of a property you should estimate that total expenses, taxes, vacancies, utilities when vacant, legal, advertising, accounting, evictions, ongoing maintenance, major repairs, etc. will normally eat up 50% of your income over...
  4. NickDavis

    REIN,REIT,LP or JV? How to SPEND $250/mth

    Wow Rick, great question, I think you read my mind!!! I have been toying with the idea of JV, LP or just doing it myself too. Can I throw one more wrench in.... I too am in Vancouver and I plan to join Rein; however, I believe there are only quarterly meetings here. Last summer I attended...
  5. NickDavis

    What to choose? 1Bdrm, 2Bdrm, 3Bdrm, Suited house?

    QUOTE (NICKEED @ Jul 21 2009, 10:18 PM) Thanks for the info. I was referring to Thomas` statement that one bedroom apartments have a better rent-to-price ratio than two bedrooms and up and down bungalow`s. However, your comments have interested me. Is the 10% primary filter used as a quick...
  6. NickDavis

    What to choose? 1Bdrm, 2Bdrm, 3Bdrm, Suited house?

    QUOTE (JoefromTO @ Jul 21 2009, 01:06 PM) If your refering to the primary 10% filter, then your math is a little off. The 10% refers to an annual income, in this case $15,000 but it has to be devided by 12 to get the projected monthly income...therefore, $15,000/12= $1,250 per month. Thanks for...
  7. NickDavis

    What to choose? 1Bdrm, 2Bdrm, 3Bdrm, Suited house?

    QUOTE (Nukav @ Jul 21 2009, 09:37 AM) all things being relative, if you move your entire "property metric" over differant towns/cities/provinces you will get quite a differance in rental income, but all relative to each other approximatly in the way that you have discovered. Having said that...
  8. NickDavis

    What to choose? 1Bdrm, 2Bdrm, 3Bdrm, Suited house?

    QUOTE (invst4profit @ Jul 20 2009, 08:22 PM) Not knowing your target market I would look for a triplex or larger to spread your risk over more units. 100% or 50% vacancy is far more crippling than say 25%. Thanks Greg, I appreciate your advice. I am definitely interested in a duplex, triplex...
  9. NickDavis

    What to choose? 1Bdrm, 2Bdrm, 3Bdrm, Suited house?

    QUOTE (thomasbeyer2000 @ Jul 20 2009, 07:40 PM) no magic here .. all have their pro's and con's ! 1 BRs have the best price-to-rent ratio .. but you get more turnover and it is tougher to sell. So a 1BR for a long term hold (10+ years) otherwise I'd start with a decent 2 bedroom as you get...
  10. NickDavis

    What to choose? 1Bdrm, 2Bdrm, 3Bdrm, Suited house?

    Hello all! For the past few months I have been trying to analyze the market I am looking to invest in. I have been searching rental websites, newspaper websites, craigslists and kijiji to determine the average rents for the area. I am trying to narrow down my search so that I can become an...
  11. NickDavis

    Podcasts

    QUOTE (JefferyJohn @ Dec 1 2008, 11:16 AM) Hi Nick, I subscribe via iTunes to: CRED Zone (Commercial Real Estate & Development Zone) http://www.thecredzone.com/ Wall Street Unspun with Peter Schiff http://www.europac.net/ Thanks very much!
  12. NickDavis

    Podcasts

    Hello everyone, I have just discovered the world of podcasts! Like 99% of the people who will read this post, I am extremely busy throughout the day and find little time to read the countless amounts of information that is available. I am eager to obtain as much information as possible and...
  13. NickDavis

    Buying new homes from builders

    QUOTE (bigbabba @ Oct 3 2008, 05:50 PM) I agree with gwasser, the build quality of the new homes are very poor, I have owned a new house and I can tell you that it felt like i was living in a cardboard box, poor construction and even poorer material being used. Stay away, and as for Tarion...
  14. NickDavis

    Real Estate Agent in Abbotsford/Chilliwack area

    QUOTE (stephen @ Oct 19 2008, 12:09 AM) If you would like an abbotsford realtor... I highly reccomend Randy Dyck at Remax. Thanks Stephen, I appreciate the help.
  15. NickDavis

    Real Estate Agent in Abbotsford/Chilliwack area

    Thanks again Jarrett, I have spoken to Mark and he seems extremley knowledgable! I appreciate it!
  16. NickDavis

    Real Estate Agent in Abbotsford/Chilliwack area

    QUOTE (jarrettvaughan @ Oct 13 2008, 04:21 AM) Hi, I would highly recommend Mark Andersen with Remax in Chilliwack. I have worked with him on a number of transactions. He is very friendly, honest, knowledgeable and very good at his job. His email is [email protected]...
  17. NickDavis

    Real Estate Agent in Abbotsford/Chilliwack area

    Hi everyone, First off, I apologize if there is already a post like this, I searched but couldn`t find anything. My wife and I will be moving back to BC in the Spring of 2009. Can anyone recommend a Real Estate Agent who is familiar with new or newer homes in the Abbotsford/Chilliwack area...
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