Category Archives: real estate

572/574 Magnus Ave 4Plex Is Finally Gone

Finally, finally! The psycho tenant from my Winnipeg 4plex is out tonight, just got the confirmation from realtor in Winnipeg! I am soooo glad to FINALLY get rid of that money pit, I can’t even put into words. Even though I lost on that real estate deal, I know selling it was a wise decision. Now I can start buying real estate again.

I haven’t bought anything because I wanted that piece of property gone before I committed to anymore real estate deals. I can now clear my head and move on to better things. Thank you universe!

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Land Rush USA – Ozzie Jurock Seminar On Investing In US Real Estate

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As I mentioned in a previous post that Ozzie Jurock was investing and offering investment properties in the Phoenix, Arizona area. Personally investing in the USA at this point does make perfect sense. First off you have the low US dollar, along with discounted real estate. Those 2 factors combined together make it worth taking a really close look at.

I am subscribed to Ozzie Jurock’s “Facts By Email”, the price is $300 per year and personally I think it’s worth every cent. He holds a few local real estate conferences per year and he has one coming up in September called Land Rush USA that I will definitely be attending (free of charge to email suscribers). I trust Ozzie Jurock, and I think it will be very informing to all use Vancouverites who are used to paying over $600,000 for a 50 year old home. Personally I am tired of the retarded prices in the city.

Here is a quick except from the email:

With the continuous barrage of questions about investing in the USA, JREI has decided to do a full day Land Rush conference on September 6, 2008 at the Marriott Pinnacle Hotel downtown … 9 am – 3 pm. There is less risk in falling markets and resounding opportunity, but there are pitfalls. We will have 5 speakers with different expertise – from accounting/tax issues to regional variances. Topics on foreclosure and auctions as well as areas to stay away from and areas to buy in will be covered. THINK OUTSIDE THE BORDER. An entire day devoted to issues and opportunities in the US real estate market. THIS IS NOT REAL ESTATE OUTLOOK 2009 WHICH WILL BE HELD ON OCTOBER 4th AS PLANNED. This is a separate US focused event. Tickets are $97. You will be happy to know that FULL subscribers are free, Facts by Email subscribers will be $30. All guests of all subscribers will also be charged $30. MUST be pre-paid. Please register by August 18 … or your seat may be gone. For more information, display booth opportunities, etc. call Marc at 604-683-1111.

Anyone else going?

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random photos of English Bay again (2nd time I have been down there this week)

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English Bay /Pacific Ocean downtown Vancouver

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English Bay /Pacific Ocean downtown Vancouver

Struggle In Vancouver Or Retire In Las Vegas?

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Since I have already posted about virtual real estate online , let me show you prices of real estate in Las Vegas compared to “Rain City” (Vancouver). Both cities have a population between 1.5 – 2 million people. Weather is night and day. Today in Vancouver it’s 17°C and Las Vegas clocks in at 35°C. So they are twice as hot as us.

In the reverse aspect we are double the price of real estate in Las Vegas. Let’s take a look at Craigslist and compare…

Las Vegas home built in 2006, 3 bedrooms and 2 bathrooms selling price? $139,000! Try and buy the same place in Vancouver and expect to pay $750,000. Las Vegas has some amazing deals right now because of the drop in real estate prices. You can barely even buy a used condo in Abbotsford for $135,000. Where woud you rather live in a 1 bedroom apartment in Abbotsford or a 2 year old house in Las Vegas?

Personally I am little scared to buy out of town just because of what happened to me in Winnipeg. That being said I may call Ozzie Jurock’s office as he is offering condos in Las Vegas along with property managers in place to take care of everything for you. Ozzie is a real estate genius and everything he touches turns to gold. If HE is buying there the you know it’s worth a closer look, sometimes he writes about different areas but if he isn’t buying a place there himself then I wouldn’t either. Winnipeg he has talked about , but he hasn’t bought there. That was my mistake, I bought there. When he recommended Prince George, he bought 17 townhouses himself and sold them for a profit. I bought 2 and sold them for a profit. I have learned this, it’s smarter to follow what people DO, not what they SAY. Actions speak louder than words..

CV,
reporting from Starbucks

Making Money Buying Online Real Estate?

My Ghetto Tenant Refuses To Leave, Crazy B*tch

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I’m still waiting for 1 tenant in my almost sold 4plex in Winnipeg to get the f*ck out! It’s insane how many rights tenants have, compared to landlords. This person hasn’t paid rent in over 2 months so my property manager tried to kick her out, and when he tried to kick her out she called 911 and the Winnipeg police department has now placed a restraining order against him. How f*ucked up is that? The place is sold, I am just waiting for that b*tch to leave. Luckily the new owner is waiting patiently, while this gets resolved.

Next week my property manager and the ghetto tenant are going to rental arbitration, they will both state their case. Once they state their case, she will be out on her ass, for failure to pay rent. In the meantime she is costing me more money. I have to pay for arbitration and I may have to get the Sheriff department to physically remove her from the 4 plex.

That 4plex has been a nightmare right down to the last f*cking minute. But I still love real estate, go figure, lol. I still plan on buying condos this year, as soon as the check is in my hand from the sale of the Winnipeg 4plex then I will start looking here in Vancouver. You live and learn right? At least I take chances in life, it was a mistake but I learned from it and that’s the main thing. Bada Bing!