Quotes of the Day

As an investor, you may begin to feel frustrated when you haven't written any offers in a while. However, that simply says you are following your system and waiting until you find a property that does fit your system. [2009] - Don R. Campbell

For people to be considered wealthy, they should meet the following two criteria: 1. They should have enough money to never have to work again, if that's their choice. 2. They should have investments, a pension, or a trust fund that can provide them with twice the level of their country's median household income over a lifetime. [2017] - Andrew Hallam

Before using a court bailiff to evict you from your rental unit your landlord must do all of the following: 1) Serve you with a copy of the Order of Possession; 2) Wait for the 2-day review period to expire. (note: if you file an application for review during the 2-day review period, the RTB might put the Order of Possession on hold until your review application is decided. If that happens, your landlord has to wait until the review is decided, before moving on to the next step.); 3) Take the Order of Possession down to the BC Supreme Court Registry, and get a Writ of Possession from the Court (a very quick process); 4) Once the Writ of Possession is issued, hire a court-appointed bailiff to evict you. [2015] - Kris Anderson

When the housing market is down and it is a buyer's market, I could purchase one home for the same capital needed to mortgage three to four houses with a 25 percent down payment. The positive cash flow from my rental property is very similar whether I purchase one rental property with zero debt versus leveraging my capital to purchase three properties with a 25 percent down payment and a mortgage. The potential that the value of my property will appreciate is three times greater when purchasing three properties from that of purchasing one rental property when the housing market rebounds. [2014] - Michael Munsey

Rent must cover at least these items: mortgage payments, taxes, insurance, interest payments, estimated vacancy loss (at least 5 percent if you have more than one rental property), utilities provided by landlord, collection expenses, legal & accounting fees and advertising [2017] - Bryan M. Chavis