Best of Rev N You from
2008
The Posts You Liked the Most in 2008
#1 - Four Reasons to Sell Your Property at a Loss
It's hard to admit that you messed up. It's even harder to admit the mistake, have it cost you month
after month, and then just walk away from it (in my case, by selling the property at a loss). It's almost like
fighting a gamblers impulse - if I just put in a few more dollars this machine will pay out.
#2 - No Property Manager? Five Steps to Rent Out Your
Property
Money is tight, and you've got to rent out your vacant basement unit. You live above the unit and you
need the rent money to make the mortgage payment. What do you do? Rent it out to the only person who is willing
to move in right away. And you allow yourself to justify why that person won't let you speak to their current
landlord or why the collection agency is after them.
#3 - Zero Down (100% Financing) A Dream or a Curse?
On the surface, zero down (100% Financing) on an investment property seems like a fantastic idea. With
no money down, it seems you can't go wrong. But, that is not necessarily true.
#4 - Real Estate Agents - Whose Side are
they on?
Yes, I said it, is your real estate
agent really on your side? We have worked with some outstanding real estate agents, some good real estate
agents, some mediocre ones, and some real estate agents that should NOT be agents. Like any industry or
profession, there are people who are good at their job, and people who are not.
#5 - The Real Estate Investing Course You Should Not
Take
The free real estate investing seminar didn't teach me a darn thing about real estate investing, but they sure had me
PUMPED UP and ready to be a millionaire real estate investor. I barely flinched when I paid $2,000 to attend
a weekend course. I could even bring someone at no additional cost! I could already taste financial
freedom.
#6 - Ten Real Estate Words Every Investor Should
Know
We're going to help you be prepared for your next deal by giving you some legal terms that are
good to know.
#7 - Seven Habits of Highly Effective Real Estate
Investors
As I flipped through it and soaked in some of the long forgotten golden nuggets the book
contains, I pondered what the seven habits of a highly effective real estate
investorwould be. It occurs to me that none of the habits
of a real estate investor are particularly extraordinary. In other words - anyone could be a highly
effective real estate investor if they wanted to be.
#8 - Tax Write Offs from Real Estate
This post had a second part that wasn't as highly ranked, but is very related
on real estate tax write offs
in Canada.
#9 - Canada and U.S. Financing Options
This is actually a podcast - one of five - that we did with our mortgage broker, Cindy
Faulkner.
#10 - Five Ways to Protect Yourself from a Bad
Property Manager
We're not too proud to say we made gigantic mistakes when we hired property managers for our
Toronto and Niagara Falls properties. Our biggest errors happened before we even bought the properties, but
we continued to make them until one day Dave was reading his name in the paper, calling him "an absentee
landlord of a local crack house", and we were making the discovery that our other property manager was
robbing rent money from us.
And from our Blog "Life As Real Estate Investors" - The Top 5
Posts You Liked the Most in 2008:
#1 - Buying a Timeshare in South Beach: Is it a good
real estate investment?
#2 - It doesn't matter what you you paid for it.
What's it worth today?
#3 - Looking to the 2010 Olympics: Buying a Condo in
Whistler
#4 - Rent Control: The Landlords
Enemy
#5 - 5% Down and 35 Year Amortization Now the Max in
Canada
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