The best results are often found by going where others won’t. Find out how I generate 20% returns with appreciation potential by buying on the fringe.
View the full article: My Secret to Maximizing Cash Flow & Appreciation: Buying on the Fringe on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Turner’s Dairy is a new collection of townhomes located at the corner of Ontario Street and West 17th Ave, Vancouver. This project will offer 13 contemporary townhouses, Sizes ranging from 695 square feet to 1,636 square feet. Contemporary and efficient living, designed for the modern family. Progressive meets heritage in these sleekly crafted and thoughtfully created homes. The building’s open and expansive spaces, high ceilings, and vast casement style windows harken back to the lofts and offices that were inhabited by generations of industrial businesses, starting with Turner’s Dairy.
The post Turner’s Dairy at the corner of Ontario Street and West 17th Ave appeared first on Vancouver New Condos.
According to the Census Bureau, US homeownership just plunged to its lowest rate since 1965. Why is this happening? Will this trend continue gaining steam?
View the full article: Why America Has Ditched Homeownership to Become a Renter Nation on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
As a follow-up to last week's economic update, the 2nd quarter US growth figures were released last week confirming their GDP grew 4.1%.
The post Consumers Should Take Advantage of the Stronger Economy to Reduce Debt appeared first on Team RRP.
We’ll be the first to tell you that there’s no substitute for the expertise of a licensed plumber. But for simple jobs -- or emergencies, like a broken pipe -- it doesn’t hurt to be prepared to get your own hands dirty. And if you’re going to be ready for what your home’s plumbing can throw at you, you’ll need the right tools for the job.
These are the eight tools and supplies that every DIY plumber should have at the ready:
Pipe wrench. Or rather, pipe wrenches. Two is better than one when it comes to these hefty grippers, because you can use one wrench to stabilize your work while using the other one to turn. The pipe wrench is your go-to tool for situations that demand real leverage, such as loosening a rusted old fitting. It's a good idea to throw a few rags in your toolbox along with your wrenches -- that way, you can wrap your pipes and fixtures before you work, avoiding scratches.
Basin wrench. If you're not familiar with plumbing tools, you might not recognize the basin wrench as a wrench at all. Unlike a typical wrench head, the basin wrench has a spring-loaded, clamping jaw designed for gripping and turning bolts and fasteners in tight spaces. It's the ideal tool for jobs like loosening the nuts underneath a deep kitchen sink.
Adjustable wrench. As the name suggests, these wrenches can be adjusted to fit a range of hardware sizes, making them very versatile. Quality adjustable wrenches are inexpensive and it can be useful to have a few of them in a variety of sizes, especially when you need to use one or two as clamps. Adjustable wrenches do most of the work with smaller jobs like replacing faucets and showerheads.
Tongue and groove pliers. Speaking of clamps, you'll also want at least one good pair of tongue and groove pliers to help hold things in place. These pliers have a slip-joint design that allow the jaws to open wide and grab bigger things. Most pairs have long handles that also make them great for turning, tightening and loosening. As with your pipe wrench, you'll probably want to wrap your fine fixtures with a rag before using these due to their serrated jaws.
Plumber's putty. Also known as jointing compound, plumber’s putty helps form a watertight seal. For many DIY replacements and upgrades such as faucets and drains, a dab of plumber's putty can help avoid leaks and keep parts firmly in place.
Plumber's tape. One of the more frustrating plumbing problems is a leaky threaded joint, such as the one connecting a showerhead to a pipe. The solution is plumber's tape, also known as teflon tape or thread seal tape. Just wrap a few layers around clean, dry threads, making sure to wind the tape clockwise. When you screw on your fixture, the tape will help form a watertight seal.
Plunger. They don't call it the “plumber's helper" for nothing. From overflowing toilets to clogged drains, your plunger is the plumbing tool you may find yourself reaching for most often. Keep it right in the bathroom so it's always there when you need it. If you're not familiar with proper plunger technique, take a moment to learn the ropes, and consider keeping a little tub of petroleum jelly under the sink to help you plunge more effectively.
Toilet auger. When your plunger can't get the job done, it's time to bring out the auger. A hand-crank toilet auger can extend a long metal cable into your toilet drain (or any drain where it will fit) to break up obstructions and send them on their way. For stubborn clogs, it's a cheap and simple tool that could save you an emergency repair call.
You probably have a few of these tools in your toolbox already, and rounding out the list won't cost an arm and a leg. Even if you don't expect to get into any major DIY work, having these tools on hand might make the difference between calling for emergency repairs and handling it yourself. But if you ever do find you need the help of a licensed plumber, call your [Link To Franchise] without delay.
Of nine different sites I am currently on, I am going to highlight three platforms that have distinct profiles in terms of the types of deals they offer.
View the full article: 3 Crowdfunding Platforms I’d Recommend Based on 3 Years of Investing Across 35 Projects on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Diversification doesn’t necessarily mean do a little bit of everything. But with good planning, you can diversify within your chosen real estate niche to improve odds of (great) success. I would like to share with you what I have learned over 20 years of playing Monopoly with real houses.
View the full article: Why Diversification (of Your Portfolio, Financing & Everything Else) Truly is the Only Free Lunch on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets is about to make networking a whole lot easier. Whether you’re looking for an agent, lender, partner, or any of the dozens of other people you need to successfully run a real estate business, we’re about to help you out in a big way.
View the full article: Introducing a Better Way to Network: BiggerPockets’ Brand New Company Directory on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
I remember the moment that I decided to pursue financial freedom. I felt obligated to tell everyone I knew about this concept—except almost nobody cared.
View the full article: Frustrated That Your Friends and Family Aren’t Interested in Investing? Read This! on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Continuing where we left off from last week’s episode, this show discusses increasing your income by recognizing existing opportunities and making your own opportunities through side hustles. The show progresses through investing basics, both traditional stock market investments as well as real estate investing. (This is BiggerPockets, after all.) Do you have your spending under [...]
View the full article: BiggerPockets Money Podcast 31: How to Boost Your Income & Investments for a Faster Route to Financial Freedom on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Being a landlord isn’t as good or bad as people often make it out to be. In most cases, the reality lands somewhere between the two extremes. But if you’re going to delve into the world of real estate investing, you’ll need a few things to be successful.
View the full article: 6 Things You’ll Need When Getting Into DIY Landlording on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
The fact is, nearly everyone who has been financially successful in real estate has started with far greater aspirations than just making money. They have a vision for their life.
View the full article: How Finding Your “Why” Will Jumpstart Your Real Estate Career on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Want to achieve any kind of significance within your business or just a high level of success? You won’t be able to do that from home.
View the full article: 3 Reasons You Should Never Work From Home on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
There may not seem to be much overlap between the auto industry and the real estate industry, but the impacts and infrastructure changes from this technology will be felt by everyone. As investors, we should understand changes as far out in advance as possible so we can adapt to progress and mitigate new risks.
View the full article: Stop Building Garages: How Driverless Cars Will Affect Real Estate on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
By no means am I a financial guru. However, I can tell you that I have personally seen a significant change in my income and real net worth by rewiring my thinking about money—and grasping and practicing this one key fact.
View the full article: The Top Reason You’re Broke on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
There's no "right" decision for everyone in the 15-year vs. 30-year mortgage debate. But there's a good argument that one allows you to build more wealth.
View the full article: Why a 30-Year (NOT 15-Year) Mortgage Gives You a Better Shot at Building Wealth on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
One year ago, I faced the choice to rent or roll the dice on my first rehab. Here’s how knowing the difference between risk & fear helped me take the leap.
View the full article: How I Built a $1.3M Real Estate Portfolio for the Cost of a 1-Bedroom in NYC on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Does the recent upsurge in rent control initiatives and advocacy mean you could be making more selling your current residential investment property? Does that seem upside-down? Don’t forget, there are two sides to every coin! Let's investigate.
View the full article: Can Upcoming Rent Control Initiatives Make or Break Your Investments? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Raising rent can be a delicate balance. Here are some important factors when deciding whether to up your tenants' monthly payment.
View the full article: The Ultimate Guide on Raising Rent on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Successfully obtaining private money is an art—and requires you to speak the right language and understand the industry. Learn key preparatory steps here.
View the full article: 4 Essential Steps to Take BEFORE Seeking Private Money on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
PMI stands for private mortgage insurance. Lenders require homeowners to get this when they purchase a house and put down less than 20%. That said, there are some workarounds for this.
View the full article: What is Private Mortgage Insurance (PMI)—And How Can I Get it Dropped? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Building a real estate business can be one of the best ways to achieve financial freedom. The problem for most, however, is money: There simply isn’t enough in your hands to get all the deals you want. That’s why today’s show might be the most impactful podcast episode you’ve ever heard.
View the full article: BiggerPockets Podcast 289: Using Other People’s Money to Build Your Real Estate Empire with Matt Faircloth on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Let's start with the recent Bank of Canada announcement. Based on strong business and export growth, the Bank of Canada raised its overnight rate to 1.50% on July 11th. Canadian Banks responded by increasing their prime rate by 0.25%.
The post Market Update: What the Bank of Canada Interest Rate Hike Means for Homeowners in Vancouver appeared first on Team RRP.
These common lies and myths are hammered into most of us as we grow up. It is good to be aware of them and reprogram yourself to harness empowering beliefs that can deliver on what you really want.
View the full article: 6 Lies We’re Told About Money Growing Up on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Rental properties have the potential to net you a return in two different ways: You can charge more in rent than you pay on the mortgage, resulting in a stream of revenue that could last indefinitely, and you can invest in a property with the potential to appreciate over time, so you can eventually sell [...]
View the full article: Is a Fixer-Upper Worth Your Investment? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Working in a real estate business with your spouse can be an awesome, strengthening experience—or a complete fail. Follow these tips to survive!
View the full article: Investing With Your Spouse? STOP and Read These 4 Survival Tips! on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
If you are active duty military or a veteran, you have a huge advantage over everyone else in the world when it comes to investing. What is it? You may not have money now, but you have access to money through the power of the VA loan!
View the full article: 3 Strategies We Used to Live-In Flip Our Way to Success with the VA Loan on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Is the 4% rule of retirement saving still relevant? What about rentals, how do they change the math? Here's an checkup on today's retirement investing.
View the full article: Does the 4% Retirement Spending Rule Still Hold Up—And Where Do Rentals Fit in? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
My first deal did not exactly go as planned. Still, I learned many valuable lessons—lessons I’ve drawn on for almost two decades and will for years to come. You can learn from my mistakes too! Read on to find out how.
View the full article: How My Promising First Deal Resulted in a $5,000 Loss, Tenant Eviction—& Plenty of Valuable Lessons on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
I picked up The Money Answer Book and delved into it, hoping to be enlightened by some Ramsey logic. What I found is that his advice is lacking.
View the full article: Unpopular Opinion: Dave Ramsey is Overrated on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
If you are managing your rental properties on your own, it may be a good time to do some cleaning. Being proactive with maintenance responsibilities can prevent calls from your tenants. Equally as important, it can also provide insight on how your tenant is treating your property.
View the full article: 10 Must-Do Maintenance Tasks to Keep Your Rental Property Issue-Free on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
This is not an inclusive list, but it's a fantastic start. For us personally, it boiled down to being way more mindful of what we spent our money on. The little things that make life more tasty and more enjoyable overall helped us cut spending.
View the full article: How I Slashed My Spending by 50% on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
We’ve interviewed more than 30 people for the BiggerPockets Money Podcast over the course of this year — and we’ve got a LOT more people to interview! We’ve heard from so many listeners: “I’d like to get started on the path toward financial freedom, but I don’t know where to begin.” Today, Scott and Mindy [...]
View the full article: BiggerPockets Money Podcast 30: How to Cut Expenses for a Faster Route to Financial Freedom on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Without a doubt, everyone has heard that real estate is all about “location, location, location.” I’ve bought in every class of real estate. I’ve bought A-class condos that I flipped, and I’ve bought D-class homes that I’m stuck with to this day. I’ve made money in every class. Even though I’ve made money in every [...]
View the full article: Why I’d STRONGLY Discourage Newbies From Buying D-Class Investment Properties on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
As buy and hold real estate investors, we don’t usually sell. Still, it’s a reality. Sometimes, we need to trim the fat and cut out some properties.
View the full article: 4 Reasons You Should Sell That Investment Property on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Is turnkey real estate worth it? There is a huge stigma around turnkey and rightly so. At the end of the day, there are just too many operators selling properties for far more than they are worth in bad areas.
View the full article: Are Turnkey Investments Really Worth It? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Are you thinking about buying a property? Whether it’s a home or an investment property, one of the first most important things you can do is ensure that you are obtaining the correct type of financing. Read on to learn more!
View the full article: The Top 10 Ways to Finance Your Next Property on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Short term, Airbnb-style rentals may be popular, but that doesn’t make them a sustainable real estate investment strategy.
View the full article: 6 Reasons Short-Term Rentals Aren’t a Sustainable Investment Strategy on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Let's look at two investors who bought and sold properties over a 25-year span. The investors end up with very different amounts because of the taxes.
View the full article: How a 1031 Exchange Can Make You Millions on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
In this video, I look at the details that new private money partners care about most, so you can approach them with the right specifics and land the deal!
View the full article: The 5 Things a Private Money Partner Really Cares About [Video!] on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
When you don’t know what you can afford and don’t have a plan, it’s easy to be taken advantage of at your local car dealership—but you’re not going to be their next mark. Now, by following these rules, you’re going to be a savvy buyer who gets what you want at the price you want.
View the full article: 4 Steps to Buy the Car You Want Within the Budget You Can Afford on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Over the years, I've borrowed at least 50 mortgages, and not all of them were acquired from traditional lenders. There are other options out there.
View the full article: 5 Ways to Land Financing After the Traditional Bank Cuts You Off on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
With a little bit of thinking ahead and a small bit of sacrifice, most people can manage to pay off their mortgage in a much shorter period of time. Here's how.
The post Tips for Paying Off Your Mortgage Faster appeared first on Team RRP.
You might be The Helper if your favorite transactions are the ones where you connect with the seller’s story and are grateful to provide relief to their situation. Maybe death, divorce, or illness put the seller in the tight spot, but your investment gave them the cash to better their situation.
View the full article: 3 Ways to Market Yourself as “The Helper”—And Land Deals Effortlessly on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Fear of lawsuits is not something that should stop you from investing in real estate. There are things you can do to protect yourself from these negligence and liability suits, and when you are just starting out, those things need not be very expensive or complicated.
View the full article: 6 Ways to Protect Yourself from Negligence & Liability Suits When Starting Out on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
This group has been a background thought as a renter demographic. As a buyer, I believe this has left opportunity in the market that others are missing.
View the full article: This Massive Demographic Will Become Hungry for Rentals Within 5 Years on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
It takes a long, long time to become successful in real estate and financially free — doesn’t it? Well, not according to the power couple on today’s show! In this episode of the BiggerPockets Podcast, we sit down with Idaho’s Jason and Carrie Harris, who have built a sizable portfolio of more than seventy rental units over [...]
View the full article: BiggerPockets Podcast 288: 75 Rental Units in Their Early 30s with Jason and Carrie Harris on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Wilson by BlueSky is a new 39-storey residential highrise development located located at 5977 Wilson Avenue, Burnaby. This project will offer 287 studio, 1- to 3-bedroom condominiums, and 6 townhomes. To compliment the garden-like setting of the Central Park East Neighbourhood, Wilson will boast substantial progressive landscaping with publicly-accessible pedestrian and cycling linkages to local greenspaces.
The post Wilson by BlueSky in Burnaby appeared first on Vancouver New Condos.
New changes will do nothing but attract more investor dollars to an already-overheated multifamily market. I expect nothing but continued craziness and overblown prices. Short of a complete economic meltdown, there is not much on the horizon that will slow the multifamily freight train.
View the full article: Why I Don’t See Anything Slowing the Multifamily Freight Train Any Time Soon on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Let's look at some of the assumptions about what investors are and are not. Do you have what it takes to be successful in real estate? Find out today!
View the full article: Do You Have What it Takes to Be a Successful Investor? on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
The only thing I can attribute any of the success I’ve had so far to is the fact that I started. I made mistakes, I keep making mistakes, and I keep going.
View the full article: How to Beat 5 Common Excuses That Keep You From Your First Deal on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
The basics of becoming a landlord are straightforward: Buy a property in a promising neighborhood, fix it up, find tenants, and start charging slightly more than you’re paying in regular costs. But if you want to protect your assets and ensure you’re following every applicable law, things get more complicated. Consider insurance. The right insurance [...]
View the full article: Landlords: These Are the 4 Types of Insurance You May Need on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
I am keenly aware of the impact of these activities and practice them significantly less than the average American. Now, it’s your turn to scale back.
View the full article: 7 Habits You Didn’t Know Were Derailing Your Finances Every Month on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Forming real estate wholesaling alliances is not the hardest task in real estate wholesaling. What it does call for is due diligence when finding partners and maintaining those relationships. Here's how you can form your own alliance to get your wholesaling career off the ground!
View the full article: How to Successfully Form a Joint Venture Real Estate Wholesaling on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Let me share with you the cornerstone principle of long term real estate investing: The success or failure of your real estate investments depends on your ability to consistently attract and retain great tenants. In the end, it doesn’t matter how great of a deal you got on the property or how strong your projected [...]
View the full article: The Top 10 Rental Features That Attract Cream of the Crop Tenants on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
Find a lender that you can strategize with and make friends with, who has goals aligned with yours, and whom you can work with long-term. If you want to buy a house any time in the next 12 months, I highly recommend searching for lenders who can help now.
View the full article: How to Work with Lenders for the BRRRR Method (+ a Massive Open Secret to BRRRR Success!) on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.
