Invest Kamloops Newsletter | October 25, 2015 | Vol 2 | Issue 13
The faithful friend is a secure refuge.- Ancient Proverb
Two months ago I commented how time flies, and it certainly does. So much has happened, stay tuned for some exciting announcements – before the new year I promise 🙂
Anyway, here is the latest newsletter:
- Barry McGuire’s Rapid Cash – Review
- Invest Kamloops TV – kids helped purchase new townhouse
- Deal of the Week
- Q3 Local Economic Update – $310,000,000 GDP for Kamloops in Q3
Review of Barry McGuire’s Rapid Cash Program
I recently had the privilege of taking Barry McGuire’s course on starting a real estate business outside of traditional buy-and-hold.
As you are probably aware, I am a huge proponent of buy-and-hold, my portfolio ATM is buy-and-hold. Starting down this path 7 years ago is what is allowing me to leave a secure job to follow my desire of being a “present parent”(Mr Mom).
Anyway, I used to shun anything not buy-and-hold as risky, ironically following Barry’s advice I had heard in my early years of investing. I knew people were making money in other ways, but I wasn’t ready to explore anything else until Barry started talking about alternative real estate investment deals coming through his law practice. When I saw this course being taught my Barry(who I hold in very high esteem), I knew I had to check it out. [read more]
Invest Kamloops TV
One of the reasons I did not have many newsletters or blog posts in the last two months is I’ve been busy working deals. I assigned the previous “deal of the week” and purchased this one in September. The video below shows what it was like mid-reno. It was purchased for $200K, renos were $5K, and it rents for $1825.
If this deal sounds appealing to you, check out this week’s Deal of the Week below.
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 firstname.lastname@example.org.*
*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
Here is a freebie: A townhouse that appears to be $30K under appraised value. Motivated seller wants to move to LMD before winder and doesn’t want to use a realtor. Complex is new to me but documents I reviewed(Depreciation Report and Form B) look great. Pacific Way Townhouse
But there is always another deal around the corner 🙂
This week’s deal is great. JV with me or I will assign the deal for a small fee.
You carry mortgage and invest $32,616(20% down and 2.69% mortgage). I negotiate purchase, manage JV for length of hold, provide superb property management. You get all cashflow(4.4%/yr) until your capital is repaid(year 12). Upon sale or refinance profits are split. This unit is where I own 4 others and am on strata council, rents at other units 2@ $1877( incl util) and 2@ $1677(no util). Motivated seller accepted low price(insider knowledge). 6% vacancy assumed(2x Kamloops norm) however I’ve never been vacant in these units. 2.5% appreciation assumed however 2013-2015 has been more(see attached snapshot folder). View 42 page Report on Kamloops for Real Estate Investors at InvestKamloops.com.
Besides this one, 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”,
Kamloops Q3 2015 Economic Fundamentals
These articles may seen boring, but money being spent in Kamloops represents GDP growth. That means jobs, which means people, which means higher home prices and tighter rent markets, GREAT NEWS for landlords like you and me :).
Millions have been earmarked for Kamloops, and shovels are in the ground! As a recap 2015 we have:
Q3: Check out this list of $310M(!!!!!) spent and earmarked in the 3rd quarter of 2015.
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 veteran Police Officer. Sam has purchased almost 3 Million dollars in residential real estate that generate $290K/yr rents, and his networks have purchased over $5B of real estate.
Sam’s university, carpentry, law enforcement, and finance background(CSC – a credential required for all financial advisors) make real estate investing second nature. Sam is growing his portfolio with S.A.F.E. principles he developed, and creates double digit returns using Real Estate to the delight of his partners. Sam is seeking qualified investment partners but 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 investment is also RRSP eligible. If you can qualify for mortgages, you could invest even with Sam with no money! Call or email to learn more 🙂
Sam lives and invests in Kamloops BC, and can be reached at 1.888.532.7660 or email@example.com.