Surrey remains the top city to invest in as the second largest and fastest growing city in British Columbia. So what makes Surrey so desirable to investors? Geographically it has convenient access to Vancouver, The Fraser Valley, Trans-Canada Highway, Port Of Vancouver, Vancouver International Airport and nestles close to the Canada/USA border.
There are more than 500,000 residents in Surrey and it’s forecasted to grow past the population of Vancouver by 2041 to become B.Cs largest city! Surrey welcomes roughly 1000 new residents each month and the growth rate of 10.6% is nearly double than the national average! Surrey is youthful city with a median age of just 38.7 with one-third of the population under 19. With this kind of optimal population level it attracts a younger demographic...
Flipping condos is the new buzz word in real estate. We are excited to see the success our clients have received. Featuring in this video and sharing some tips is our in house expert Cameron Manning and his clients Vlad and Marina.
They just completed Flipping a condo in just one month!!! In this video, they just completed their very first flip on a Condo in Abbotsford BC in under one month. That is from closing to listing it.
Fell free to contact or call the Kelly Fry team for professional guidance and industry tips on achieving your first flip.
About a month ago The Kelly Fry Team started working with a client who, unfortunately, was in a very bad situation with a number of properties in her portfolio. Our goal was to help get these properties sold as fast as possible and relieve the pressure she was in. What we didn’t realize was the education we were about to receive in regards to the Residential Tenancy Act in British Columbia
Click below for the full article by Cameron Manning (from the Kelly Fry Team) of the Top 5 Tips when screening tenants, to avoid getting a professional tenant from HELL
As consumers we are programmed to buy depreciating assets. Advertising messages urge us to buy doodads or things such as cars, furniture and clothes that will go down in value. Whether you have the cash or not, retailers are happy to extend credit or take your credit cards. This results in a pile of debt and useless items that would be sold for much less if they had to be liquidated.
Having a large income doesn't necessary translate to wealth. Without understanding financial strategies that wealthy people use, people buy cars that are too expense and houses with payments beyond their means and try to keep up with their neighbours.
It is not about the amount you make but what you do with it that counts. If you invest...
We are all negotiators and some of us are better than others because of experience. My children are some of the best negotiators I have encountered. Different people react in different ways to different offers in real estate. You can level out with good negotiators by realizing their techniques and being prepared for any negotiation that involves bringing in a lot of money.
Remember the expression that a Penny Saved is a Penny earned? This was wisdom from Ben Franklin. He was an amazing negotiator. He realized that saving a penny when you buy is the same thing as earning the same penny and that was even before we had income tax. Today when you save a penny or even $ 10,000 because you buy a property at a below market price, you saved more than the discount....
To some, the fear associated with investing can be so powerful that it halts all progress made towards their personal financial wealth. Many have fallen into the scenario of "analysis paralysis". They keep finding a new reason why NOT to start. Even after all of their questions have been answered they still find something else wrong with the deal, or the market, or the property, ect.
The only possible way to get over this state is to just dive in. You can only get comfortable if you just start at the beginning. Make your calls, send if offers, walk through properties. Only be the action of doing will you gain confidence in your ability. Buying another book or CD or even going to another seminar will not get you over your fear of investing. For anyone to be successful, you must develop...
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