FEATURE STORY
2010
So what's next? As last year let's look at the world we live in, the deflation/inflation scenario and our thoughts about things in general. Forecasting of course is never easy, particularly when it is about the future. Ahem!
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ALSO IN THIS ISSUE:
Don't Pay Cash for Real Estate, Trade Something for it!
There is a powerful tool for real estate investors that has been available for centuries. Using trade (also known as barter) instead of cash to buy real estate!
You Can Make Millions in Real Estate Investing Regardless of the State of the Economy
Creative investors are those who aren't afraid to negotiate deals using mechanisms that veer from the status quo.
Blast From The Past
Our quarterly review of the past tells the story like nothing else can. Monthly numbers vary, but looking back a few years and look at them on a year to date basis, often a different picture emerges.
On July 1, 2010 There Will Be The HST
The proposed HST will increase the cost of buying and selling all property and it will have a much greater impact on the purchase of newly-built homes.
Toolbox
Things to do before buying a used condo
The North
Sales have been stronger throughout the BC Northern Real Estate Board area, with more sales reported in the fourth quarter of this year than 2008's last quarter.
Check Your Assessments and if Disputing Do It By January 31, 2010
The BC Assessment Authority website allows for market value comparison as well.
Home Owners Renovation Credit (HRTC)
Not much time left.
Major, Major Point
At the end of 2009 we took some chips off the table. We have told our investment club to keep as much as 50% in cash. This are unusual times and PRESERVATION OF CAPITAL - that, which we ALREADY have - remains PARAMOUNT.
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Marianne Keilty - Royal Lepage Qualicum Beach
