Invest Kamloops Newsletter | March 4, 2015 | Vol 2 | Issue 7
It’s been busy for me so I don’t think I will be doing weekly emails until things settle down a bit. Here is what is new with me:
– spoke at the local real estate club(Real Estate Network of the Thompson)
– Landrush Conference went well with lots of leads to follow up with(I am only willing to work with select partners so some follow up work to do)
– have a partner on a townhouse that will close March 9th so lots to do there(inspection, coordinate reno, place tenant)
– have a great townhouse unit left that I want to partner on(see deal of the week below)
– made an offer last night on a great place downtown, just waiting to hear if the seller and I can come together on a price
– supervised 2 tenant move outs
– tax filing to finalize, and coordinate going back to work full time now that parental leave is running out(childcare is expensive!)
It’s been a wild ride and I can’t wait to see where it ends!
Here is this week’s newsletter:
- 2014 Economic Highlights(Kamloops)
- Invest Kamloops TV – How to stand out to a crowd
- RSPs: Do you have use for them?
- Deal of the week
2014 ECONOMIC HIGHLIGHTS
There was a ton of Kamloops news in 2014 that relates to Real Estate Investors. Just a few that point to growth are as follows:[list]
You can view the full 2014 Kamloops economic year in review here:
INVEST KAMLOOPS TV
How to stand out to a crowd. I used a trick from the tool kit of direct mail marketers: bulky packaging. Check out the video to find out how 🙂
RSPs: DO YOU HAVE USE FOR THEM?
You had until March 2 this year to make contributions within your RSP accounts for the 2014 fiscal year. I can hear what you might be thinking: “Gee thanks Sam, now I’m too late to make my contributions.”
Well, the reason I waited until now to talk about this is because I believe RSPs are not for everyone. (I am not a certified financial advisor, but keep reading about why I am not using RSPs). I thought that if I reminded everyone of the deadline, lots of people might not do enough research before feeling rushed to lock their money in for what could be a very long time!
RSPs make sense if you plan to make less money in the future than you are making now. The idea is that you defer the taxes in your current tax bracket by putting your money into a registered account. When you are old and not working your tax bracket will be lower so you will pay less tax.
But, let’s be honest. read more>>>
DO YOU NEED REAL ESTATE ADVICE?
“When you get too busy, raise your prices.” – This is a lesson I just in time from a mentor of mine, and it undoubtedly saved my sanity. That’s why I am not offering 1 on 1 coaching anymore unless to very qualified clients.
– seeking a good real estate investment?
– struggling with a nightmare tenant?
– thinking about selling?
If you have a real estate problem, advice from a third party can be invaluable. I have a solid consulting track record and have dealt with private sales, multiple offers, negotiations, evictions, filling vacancies, and every tenant situation imaginable. Since my personal services are in very high demand, consulting rates are $150 for a laser focused 15 minute in person or phone session, to a maximum of four consecutive sessions.
Book a FREE, no obligation, 15 minute phone call with me to learn if we can work well together. Call 1.888.532.7660 or email email@example.com.*
*When requesting a phone call, please provide as much information as possible. A detailed summary with the complete circumstances will ensure I can best help you quickly.
DEAL OF THE WEEK
This week’s deal is a great investment! You carry mortgage and invest 52,320. I negotiate purchase, manage JV for length of hold, provide superb property management. You get all cashflow(7%/yr) until your capital is repaid. Upon sale or refinance profits are split. This unit is where I own 2 others and am on strata council, rents at other units $1877 and $1677. Accepted offer at $12,000 under value(I negotiated a private sale), looking to partner or assign the deal for $5000. Here are the detailed numbers:
To get full pro forma with the address and detailed numbers, you must either be on my investors list by clicking here, or be a paid subscriber(I am practically giving these away.)
You can see what a full proforma looks like by clicking here: 724 Battle Street.
There are simply too many good deals in Kamloops for me to capitalize on all of them. As result, I will be publishing my proforma reports and the plans I would carry out on these properties to produce the double digit returns I talk about on this website.
Since I am doing deal analysis on an ongoing basis anyway, I may as well help anyone who is searching for their next property in Kamloops.
The value of these analysis?
Well, if I could purchase them all, each one would be worth thousands(the REAL annual cashflow of each property in my portfolio). Since I cannot at the moment purchase them all, you can have them for $7 each.
Why only seven dollars when I spend at least two hours per week on my initial due diligence? Because I want to make sure the opportunities I find benefit you, my loyal readers. If you can make money with a property I find, that makes me happy.
If you would like to access to the password protected site area “Deal of the Week”,
Invest Kamloops Interview Series
The Invest Kamloops monthly interview series features successful business owners and investors who are benefiting from the Kamloops economy. You will learn the secrets to their success, and specific strategies to implement.
Whether you are just starting out, or have been investing for a while, the stories here will inform and inspire.
Please sample the October 2014 Mastermind call from a successful REAG member with a deep well of experience. It was a pleasure to interview this gentleman: Mel Johnson Interview
Sam Perren is a Real Estate Investment Advisor, Family Man, Published Author, and works as a Police Officer. Sam has purchased over 2 Million dollars in residential real estate, and is a member of Mastermind Networks who’s members have purchased over $5B of real estate. Sam’s experience includes two years of university at UBCO, a carpentry apprenticeship, and more than seven years law enforcement. Sam successfully completed the Canadian Securities Course in 2011, a credential required for all financial advisers.
Sam is growing his portfolio using the S.A.F.E. principles he developed, and has been creating double digit returns using Real Estate since to the delight of his partners since 2009. Sam is seeking more investment partners, however due to time constraints, opportunities to work with Sam are limited.
Minimum capital required to work with Sam is $150,000 unless you wish to buy part of an existing deal, I currently have one for sale for $40,000. Your ability to qualify for mortgages would also be an asset. Your investment is RRSP eligible.
To learn more about the S.A.F.E. business model, and see opportunities available right now, click here.
Sam lives and invests in Kamloops BC, and can be reached at 1.888.532.7660 or firstname.lastname@example.org.