I hear it all the time, from the local evening news to the conversations of folks waiting in line for a drink at the neighbourhood coffee shop. Vancouver real estate prices are insane; they’re so expensive no one can afford to buy in today’s market. Well, yes…and no. I will tell you one thing, there is one group who you don’t hear complaining: the developers. They’re too busy counting their money. Money they made, that’s right, investing in this Vancouver real estate market. And guess what: many of them didn’t start with any more capital than you have. So, how do you do it: pool your resources! If you haven’t enough yourself, right now, to get into the market, recruit a group of trusted co-investors – family or friends. Combining your resources you can become real players, and generate a decent revenue source. I know dozens of family’s and groups of friends who followed this strategy and took the leap. You see them today: financially secure, bringing in $500,000 to $3,000,000+ per year. In fact, that’s exactly how I got started: a group of my friends pooled its resources for an initial investment in the market back in 2012. Today, we’re seeing the fruits of our initiative, building an average of 12 homes per year!
Want to know more? Check out our case studies below:
Case Study 1 (Point Grey, Vancouver) Click here to search the Vancouver MLS®:
We purchased a tear-down in 2015 on a 4,000 square foot lot, located in Point Grey, Vancouver for $1,600,000. We built a 2,800 square foot house (2 level + basement) and sold it for $3,400,000. Making a profit of $1,087,724
Purchase Price: $1,600,000
Cost of hiring a Builder: $21/Sqft x 2,800 = $58,800
Construction Cost: $200/Sqft x 2,800 = $560,000
Total Cost: $2,218,800
Selling Price: $3,400,000
Subtract Cost: $2,218,800
Subtract Agents Commission: $93,475 (Including GST)
Profit: $1,087,725
Case Study 2 (South Surrey) Click here to search the Surrey MLS®:
We purchased a 10,000 square foot lot in South Surrey in 2015 for $800,000. We built a 5,000 square foot house (2 levels + basement) and sold it for $2,400,000. We made a profit of $727,274
Purchase Price: $800,000
Cost of hiring a Builder: $11/Sqft x 5,000 = $55,000
Construction Cost: $150 x 5,000 = $750,000
Total Cost: $1,605,000
Selling Price: $2,400,000
Subtract Cost: $1,605,000
Subtract Agent Commission $67,726 (Including GST)
Profit: $727,274
These numbers show that you can make more money than a doctor by investing in the Vancouver real estate market. Sure, it’s expensive, but that just reflects the opportunities that are available. So, my advice is to invest in the Vancouver real estate market, today. The prices, like the opportunities, are rising month by month. Finally, a quick word to those who bemoan the Vancouver real estate market being a big bubble, ready to burst; you’ve got it wrong and I’ll explain why in a separate article. Watch for it!
If you’d like to take advantage of these opportunities in the Vancouver Real Estate Market we can help you create a decent revenue source, by connecting you with the right investment property. We will help you every step of the way: from finding a property, to getting pre-approved, identifying a top builder/developer and selling your investment property. If this might be the opportunity for you, please contact us at Sales@MyHomeSearch.com
Images by seiba.ca
You all probably know her; daytime talk show host, comedian, actress and one the TV’s top personalities “Ellen DeGeneres”. With an estimated net worth of $300+ million dollars it’s not surprising that she recently purchased an $18 million dollar house located in Trousdale Estates, Beverley Hills, California. Hey? The pricing seems pretty identical to the Vancouver Real Estate market don’t you think?
This single story “rancher” has 8,500 square feet of living space with four bedrooms, six bathrooms and was designed by Hall Levitt – a well sought after American architect. This beautiful home has it all: a monolithic entry colonnade, a soaring marble atrium, 15 foot floor-to-ceiling glass walls, a glorious outdoor living space and a custom made outdoor pool.
Lets just have the pictures speak for themselves (Please Note that the images are not the greatest):
Are you looking to purchase a home similar to Ellen DeGeneres’s? Although we may or may not be able to find you a home that is identical to it in the Greater Vancouver or the Fraser Valley Region, but we will try our best to find you a beautiful custom home that best suits your needs; so please don’t hesitate to contact our professional real estate team at Info@MyHomeSearch.com
