Invest Kamloops Newsletter | May 22, 2015 | Vol 2 | Issue 9
As iron sharpens iron, so one person sharpens another.
– Ancient Proverb
It’s been a while since I’ve written, thanks to all of you who reached out curious about what I’ve been up to. My last 8 weeks were like this:
Back to work full time(my job is still interesting but I don’t miss the nightshifts!)*, Juggling childcare till Marcy is off for the summer(Thank Grammie and Memere for providing relief during this busy time!!), Turned 30, Closed on a townhouse(college fund for the kids), Caught up on training(ran the PARE at 3:02, yay better than last year, for a reminder of what that is like click here), accepted offer on a house downtown closes June 1st, multiple tenant turnover, visited family in AB for a week, my son Landen started walking, and we are trying to get him and Livy to wear their glasses.
As you can see I have had my hands full during the last transition, so the newsletter took a backburner. But now I am back! I will be experimenting with different formats in upcoming issues so be sure to let me know what you like/dislike 🙂
*Aside: In two short months back at work I’ve dealt with hundreds of situations of human nature, at it’s worst and at it’s best. I had forgotten what that was like and the 9mo parental leave was a nice break to reset my thinking, I can now respond to files with a fresh perspective. I will write more about this topic one day…
Here is this week’s newsletter:
- Kamloops Economic Update
- Article – REIN Meeting Review
- Invest Kamloops TV – Newest Townhouse(before renovation)
- Deal of the Week
Kamloops Economic Update
Millions have been earmarked for Kamloops, and shovels are in the ground! Check out this list of $148M(!!!!!) spent and earmarked in the first quarter of 2015.
Article – REIN Meeting Review
At the most recent REIN meeting I realized that I was becoming overwhelmed, and thanks to the support of this great community I am back on track. Here are the themes and great content REIN put together: Lending, Ecomonic Update, Inspiration(you want to read about this!), Advice(custom tailored), and a great presentation by Thomas Beyer. Read about it all here.
Invest Kamloops TV
My newest purchase, before renovations. Purchase for $208,500, I will advise of reno costs once completed. Already rented for $1,877(money in the bank before 1st mortgage payment 🙂 ).
Do You Need Real Estate Advice?
1 on 1 coaching is available to very qualified clients. Are you… 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 financing solutions, 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 1.250.299.4285 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
I have a couple deals in the works. You see a conservative return of at least 10%/yr in a joint venture with me, or less if you wish to loan money instead(registered funds are eligible).
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 $1000/mo(the REAL cashflow of my most recent deal). 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(you can get a share right now for only $40,000). Your ability to qualify for mortgages would also be an asset. Your investment is also RRSP eligible.
Sam lives and invests in Kamloops BC, and can be reached at 1.888.532.7660 or firstname.lastname@example.org.