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  1. Geoffrey

    Seeking Victoria Investors Group

    Hello! Does anyone know if there is an investors group in Victoria that emphasizes fixing up and renovating properties? I am not looking to provide money, but rather, sweat equity. Please let me know.
  2. Geoffrey

    Tenants might be smoking pot in suite -- what can you do?

    On a number of occassions I have smelled what seems to be pot coming from my tenants suite. I don't smoke pot so can't be sure. It's usually around 10:00pm. Of course they deny it. The lease expires in four months and I probably won't renew it. They are good tenants otherwise. I have noticed it...
  3. Geoffrey

    Future of Victoria

    Like Toronto and Vancouver, Victoria just went through a 2 year growth-spurt. Do we have evidence of a major downturn or more for a leveling off the next couple years? I'm curious because I just bought a half duplex and suite. No plans to sell for a few decades though.
  4. Geoffrey

    Multi-Family Investments: What's the Risk?

    Okay so another addition to my little odyssey here as it seems like there so much to learn just when you think you know something. So looking into multi-family it leaves me woundering why is there so much trepedation about these? The bank qualifies the property, the returns can easily be great...
  5. Geoffrey

    Quickest Way To Passive Income: Rents vs Flipping?

    Many of us, myself included, have the goal of passive income. However, few residential properties positive cashflow without a major downpayment of 50% or more, at least on Vancouver Island. To raise that 50% for a bucket list of properties, I am considering other options, even the "flipping"...
  6. Geoffrey

    Mortgage-over-mortgage payment/principal calculator?

    Hi All, Most mortgage payment calculators project out 30 years, but they do not include adjustments in payments/principal/interest that occur every mortgage renewal date (such as each 5 years). As a result, it's not possible to predict changes in passive incomes streams that occur with every...
  7. Geoffrey

    Will Vancouver-Style Foreign Buyers Tax (Bill 28) Come To Victoria?

    In 2016 housing prices in Vancouver plummeted after the BC Government brought in the the Miscellaneous Statutes (Housing Priority Initiatives) Amendment Act, 2016. Some local Victoria politicians support a new tax in the Capital Regional District. There could also be other measures brought in...
  8. Geoffrey

    Victoria Market -- Buying new condo completed in June 2017

    Hello All, The Victoria market is insane right now. Houses with suites go in a day at 100K over asking. Nice condos in James Bay go at 100K over asking too. How do you make money in this market? I recently moved here and have a small salary so only qualify for a condo up to 440. I bought one...
  9. Geoffrey

    Second Property Financing: How to jump to improved primary residence in 1-5 years?

    Hi all, In moving from a cheaper housing market to Victoria and currently renting, I can only afford a 400K condo as primary residence, which I will buy in the next 2 months. So, how to get ahead from that baseline? Getting ahead from baseline for me/us means getting to a *nicer* condo or...
  10. Geoffrey

    Planning Ahead: how to raise money for 2nd property in 1-5 years

    Hi all, In moving from a cheaper housing market to Victoria and currently renting, I can only afford a 400K condo as primary residence, which I will buy in the next 2 months. So, how to get ahead from that baseline? Getting ahead from baseline for me/us means getting to a *nicer* condo or...
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