Hey there!
I am actually having one of the most amazing experiences in my life. Just give me a couple of minutes to explain here ..
I actually standing at one of the most wonderful spots in Canada right now, The Osoyoos Desert.
And I am a “tourist” and also a proprietor at the Casa Del Lago Resort, specifically a resort in Osoyoos. This is actually the only desert in Canada full of sand dunes and 40 degree weather .
And I find myself here because I wanted our team of realtors to have a abbreviated break. You see I am in my own little slice of eden here and there is something trully increadible about being able to hang out with the ones you work with – especially in a little holiday town like Osoyoos. You see , knowing that you work with people that are the best at what they do and also being able to enjoy life with them is simply Incredible!
Anyway , just hear me out . About 8 years ago , I started my own Vancouver Real Estate business.
5 years ago , that same Vancouver Realtor business , allowed me to invest, INVEST!, in more and more investment homes .
3 years ago , we grew and this enabled us us to have our own team of salespeople – I INVESTED in more qualified business partners – Great people to work with WITH us!
20 months ago, my real estate business allowed me to invest, INVEST! in another property to allow me to do what I am doing right now, spending time in my laptop computer in the docks of lake Osoyoos…
Now I am here on my laptop, telling you all about it.
Hmm..but why?
I recall what a hard decision it was to leave the world of corporate accounting to start my Vancouver real estate business . I mean, after spending thousands of dollars on my Business SFU Education and then putting all those years of really gruellingeffort into my career, just throwing everything in the air , wasn’t really an option. At least it wasn’t really an option that I wouldn’t feel REALLY guilty about it. in particular because I was yet paying off my student loans!
I mean don’t get moppy just yet… .
I especially hated that I was working those hours for the boss to make their business grow while they took most of the acknowledgment . But I really LOVED what I was doing , I just didn’t want to do it for them anymore.
So I said to myself: “There is got to be a way to make my degree and Vancouver real estate this business of mine.”
For a long time , all that instruction turned out to be was just talk , and I mean, nothing more than like a mental justification so I could be, you know, strong enough to say to the MAN “I quit!” and leave my career in the dust .
So, once I saw my family investing and, they started to create equity, tenants were paying their mortgages, and they started having more and more free time, and travelling more and more… ! And I got excited!
Because I saw that this light at the end of the tunnel and it was like this light was screaming YES! I was gonna able to use my madness and myconventional education and my career investment for my real estate sales career and my Vancouver real estate business! It was really just learning to let go of my fears to workd extra hard , except NOW I was doing it for myself .
Now that I got started.. . Wow … THE WHOLE THING BLOSSOMED !
And it really wasn’t the case that escaping my 9-5 job and investing in Vancouver Real Estate would be a complete turn around , I was just kind of hoping it would be.
This exclusive Vancouver real estate investment career wasn’t some part of my superordinate plan of evil scheme . BUT I did pray it would at least get me off my slave chain .
And then finally my first effort and first experience at Vancouver real estate investing, resulted in me buying 2 Vancouver apartments using my 2 credit cards, and making over $300 thousand dollars by the time I sold them .
The next 2 times I used my guts, instincts and knowledge to buy Vancouver investment real estate , it resulted in more really huge successes ! I mean thousands of dollars of wealth health and success, and the time to spend them .
It’s all really very simple : Investing in Vancouver Real Estate Rules out all other investments ! It is one of the fastest and safest way to increase Wealth .
And ya! I did say the easiest ! And its not because I spent 10 years doing this stuff , or because my family has been doing it over 40 years.
Its because like most bedrock things, if you have precise data and can follow an instruction manual , anyone can collect gains in Real Estate. Yup anyone.
And ya! You know. I guess through time I have earned the right to make this statement. I been doing it for so long and I got a pretty good track record.
Now would you wait just a second ? They are just moving me (by car) to the Spirit Ridge Winery, part of the Nk’mip because its dinner time here in Osoyoos and today’s special is a Grilled Bison Steak with Blue cheese topping.
They also have a wonderful set of wines from the Nk’mip winery. Nk’Mip Cellars is North America’s first Aboriginal owned and operated winery…and it has some of the most magnificent views in the Okanagan.
Let me just finish this…
Ok… absolutely tasty … you know what I love about the bison steak? It pairs amazingly well with the Nk’mip Merlot…
So anyway where was I? : Yup! Anyone can and should buy positive cashflow properties in Vancouver Real Estate and when I say anyone, I don’t mean like THE Imperial anyone that is usually used in these sales docs .
I mean like Jane Smith from Abbotsford, BC ( please don’t take insult Jane! ). What you think may be a huge risk, is really less risky then staying in that 9-5 job working for boss ! It is actually what has gotten smart investors to a safe retirement for as long as real estate has existed ! Your Real Estate will pay for your lifestyle you always dreamed of .. and then some. It’s not bleeding edge secret and can fit anyone’s budget . Even if you went with a small apartment. say in Abbotsford , for like regular market appreciation, we are still looking at $1,300 per month revenue . And that is just ONE apartment! Image 5 of those in just 5 years …
You just need that first one to start!
My point is , that is what it takes to get something in your life that has consistently ameliorate wealth and money time and time again in most people’s lives.
You know. I am just pondering about what I just said and it occurred to me that it might be kinda unearthly to be here pontificating how easy and effective it is to invest in Vancouver real estate while I am working on investing on buying more and more real estate . I mean think about how much real estate is worth! Just one parking spot in Coal Harbour costs way more than my vehicle !
But you see , Real Estate is a different animal, they are big and expensive one, and while I am on this animalistic analogy click, what you need to have, own, beg, work, slave away at, or borrow, in order to own cash flow investment home is about equal to the complexity of ant farm .
My first Vancouver real estate investment buy was done with 2 credit cards that I got from Simon Fraser University . and I had a connexion with an international language school where I could get international students to rent my property and of course I had to buy used furniture for my 2 apartments so the students could sleep there and I also provided them with internet service, tv, a telephone and a computer. I rented each condo to subsidize my mortgage for 1 year, then took my first profits out.
The point is, that was a simple creative solution that I came up with at the time. It PAID my mortgages. Those apartments generated a total of $3,000 per month. That is $36,000 per year income on 2 credit cards. Even if the market dipped to zero, those jewels would provide me with a $36,000 of retirement income when I was, 25 years aged, providing I had not sold them for a profit. Not brain surgery ! Just a little hard work.
bear in mind ..there are tidy sum of excuses for you not to invest in Real Estate in Vancouver. Here are just a few things in case you are feeling excessively enthusiastic and ready to try new stuff and just need a little negativity in your life. nice guy aren’t I?
So… Reasons why I am not investing in Real Estate to better my life and my family’s life.
Number 1.
I am Ugly and Lazy. My tenants won’t want to see my face when I go to collect rent and I don’t want to collect rent .
Number 2.
I don’t have enough time to look at investing in Real Estate because my job requires me to work 50 hours a week , and even though I know that if I buy say 2-3 condos in my lifetime I could be collecting the same amount of money in the end, I would rather continue to slave away hours at my job .
Number 3.
I don’t think I know how to buy Vancouver real estate very well, because every time I go out to look at Vancouver properties I feel like my 3 year old knows outdo about real estate than I do.
Number 4
Real Estate junkies me out. After spending all year paying my landlord’s mortgage and seeing that all of richest people in the world made their money buying and holding real estate. WHEN I get home and try to get mine I get all weird.
Number 5.
I am pretty happy with the level of income I make right now. Real estate? Pfff!
I mean, why would I want to try to improve my wealth tenfold or improve my life leaps and bounds through with(p) real estate?. I mean pff! What’s the point?
Here are some semi witty answers to the above questions:
In case you didn’t get the irony in the above questions, let me just address them immediately.
Here are some semi witty answers:
Number 1.
I am Ugly. PLEASE – You have a beauful concept and that’s what trully matters! (really, you are already beautiful if you’ve read this article to this point)!
Have you seen me when I go to collect rent on Sunday morning at 9am? THAT was by far the best looking I have ever been when I went to collect rent. My tenants actually thanked me for brushing my hair !
I am Lazy? PLEASE! Get off your butt :
Here is what you need to do to collect rent from a tenant .
a. Put keys in your car, turn it on.
b. razz to your property, park.
c. Knock on the door, be pleasant , and collect rent.
d. Place rent in deposit slip and deposit into your bank, drive back home.
If you want you can also hire a rental to do it for you. Got it?
Number 2. Ummm READ Number 1, the lazy part. PLEASE!. Unless you really would like to spend time at work for a few more years and you want to look back and say “I wish I bought 5 years ago.”
Number 3.
I have no clue about how to invest .
Believe me. Your 3 year old probably does not know more about real estate than you do. What they were born withup to now is no FEAR.
The rest is easy. Have bravery, knowledge and make sure your property cashflows in a good fundamentally good area that will grow over a LONG PERIOD OF TIME.
Here is how simple it is:
1) Get a realtor to look for qualified properties
2) Buy Property, rent it
3) Collect rent from renters
4) Sell property or hold for profit
5) Increase your wealth than my own boss time and time again
6) Start doing what you really dreamed of in your life
This is a simple real estate concept . It really is that simple . The only thing that stops people from doing it is FEAR.
We will help you all the way through if you like, but you must have guts . Pure and simple, the rest is easy.
I mean, sure. the market will go through its ups and downs , what market is not cyclical? But what’s important is that all real estate in Vancouver real estate will be higher in 10 years from now and guess what? Your renter paid for your entire real estate while you slept! Well. you did have to collect rents once a month for about 1 hour per month or so. And there was that occasional leak in the basement where the plumber charged you a little for fixing up the down the stairs kitchen sink. Sorry, some work, a little cost, HUGE PAYOFF . Got it?
Number 4.
Investing in Vancouver real estate Freaks me out .
Well. DEAR READER . Real Estate Investment is gonna require that you spend a few lidless nights to get used to. Sorry if it freaks you out!
Try and imagine an ATM machine in your living room , handing out cash out each month? Maybe that image will freak you out less.
And its TONS MORE FUN! When I say owning property is tons more fun than going to work everyday nine to five, believe me, I MEAN IT! ITS TONS MORE FUN 😀
“But Richard I am worried that my Vancouver home or condo won’t rent out. What will I do if I can’t rent it out?” Trust me when I tell you there is a 99.0% chance, in most of the lower mainland, that you will rent your property. Seriously. The vacancy rate in most of the lower mainland is almost 0% !
This means that you have 99% chance of finding a tenant.
I think that the risk that you may lose that accounting job is higher than that!
“Richard, the Vancouver real estate market may go down in value .” Ahem. what market doesn’t? Markets will go up and will go down. That is the nature of real estate markets .
The Vancouver real estate market has shown to be extremely resilient over many years…What I can show you is that The Vancouver Real Estate Market has consistently gone higher and higher -over the course of 10-25 year terms! And did I mention that your tenant paid off that mortgage by the time you retire? This means you will gain access to FREE rental proceeds coming in every month without having much effort – that’ passive income! What retirement pension plan does THAT?
Here is the main point , if you are an investor don’t worry about the so much , because it it’s the DEAL YOU MAKE that matters. If you are covering your mortgage payments, KEEP IT and you will have doubled your wealth every ten years.
2 INCREDIBLE POINTS HERE:
1. Even if all you did was allow us to show you how to buy 2 CASH FLOW condos TODAY, there is a greater than 51% chance that you will be more financially stronger than most of 95% of your co-workers who go to work 9-5 every day (not that there is anything wrong with this).
2. We can show you how to figure out WHAT TO BUY , just like with all of our clients and our seminars (we spend a ton of time showing you and identifying what to purchases and how to purchase it), because its like a formula. Our strategy works time and time again.
Number 5
You’re very happy with your wealth at this time and you have not had to invest in any property and you are sticking to your RRSPs and GICs and you have a bank account with interest savings and you are all set.
Well, that’s amazing! I am trully happy for you… I for one am also content to have what I have and free up my time with charity work
I am very glad also that you do not need any more WEALTH in your life. Perhaps this is a content spot in your life and you desire this as it allows for you to have a safe lifestyle. Congrats – not being judgemental !
BUT PLEASE! Don’t look back 5 years from now and say, “I wish I had bought real estate 5 years ago because it has doubled in value.” I hate to do this, but I am going to show you a skulking sales technique (called future pacing), that sales professionals use to demonstrate value. The only difference is: I am going to tell you I am doing it.
You see this? This is a chart showing over 25 years of real estate values in Vancouver. You see that? That shows that it has CONSISTENTLY full-grown upwardly for 25 years. Of course it does not go up in a straight line! There are always ups and downs But as long as you bought a cash flow property and were nice to your tenant , then you rode out all of those peaks and valleys! You see? This sales technique show you with strong evidence that as long as you purchase a cash flow condo in vancouver , your Vancouver investment will more than likely be worth much more 5 years from now.
Well, it’s dinner time here in Osoyoos, we are gonna toast up some stakes in our bbq especially because we have a sunset and everyone likes to watch sunsets while cooking a steak – especially cooking for a great group of people like my family and friends By the way, the only spice I use on my steaks is sea salt. Great way to tenderise and spice up the meat.
Be right back…
I love my bbq and my sunset.
Now, I got together with my team during our bbq and asked my group this question “What is going to be our greatest challenge when it comes to teaching real estate investment to all our clients?”
And they all agreed: “Richard, they are all thinking that the Vancouver real estate market has has topped out and they will want to wait for the market to dip again .”
FACT: It makes sense why someone would come to such conclusion , but there FACT is that there is only 2 types of people out there. 1) Those who invest and 2) those who don’t. Period.
Those who invest wisely know that its not what the market does BUT WHAT THEY DO that matters.
And here is why..
You always make your own market and your own deal whenever you purchaset an investment property . It does not matter what the market is doing. There are thousands investments out there and so much chance that these investors are aligning long term with low rates!
Got it? Now look, I think this is gonna be a little Bagger Bond …but I think our real estate team is the best group of folks in Vancouver that can guide you on any real estate investment strategy you can possibly ever think of in British Columbia – in any market .
We provide all the answers to the investor in one simple and effective package, making it easy and seamless for you, the investor.
As a Vancouver realtor I will finish by saying: I made my money by BUYING REAL ESTATE, NOT SELLING IT. If you wanna learn exactly how to make money and wealth in your life, our team has a proven investment approach and have repeated success for our clients over and over again – regardless of the real estate market .
Just to make the weighting a little EASIER – we offer a free consultive analysis of your plans and future goals and dreams and promise you we will show you just how easy it is to engage in real estate investing, which is going to generate more money, more income, and more free time to spend doing what you’ve always wanted to do and an healthy retirement.
Well, looks like our week time is up here in Osoyoos. well at least for this weekend. I am logging out for now and later joining my crew for a little cocktail party . I hope they have a good gin for my martinis. 😉
Oh, don’t forget to visit our Vancouver BC Real Estate website and let`s get started
Listen, we DO THIS EVERYDAY and I know its a wonderful system . You do too! After all, you would not have scrolled down all the way here.. .
Bye for now!
Richard Morrison.
