We are back to Vancouver!
Hi Everyone,
We are finally back to Vancouver now after being in Kansas City for 5 months. During this period, we have done a total of seven real estate deals. Two of them it’s already fixed up & rented out. Another two I have wholesaled to other investors. Two are under the contract and waiting for bank to close on it. One of it we are doing the rehab right now, or technically I should say the contractor is doing the rehab right now. When you have the right power team member, you can just lay back and let them do their thing, and be able to manage your business from virtually anywhere. Although I am in Vancouver right now, I am not worried about the progress of rehab at all. After all, they don’t get paid until they finished the work. And I have a project manager on site to make sure everything is done correctly. I am back to Vancouver this month because I can’t legally stay in US for more than six month. Therefore, I am treating the trip back to Vancouver like a long vacation and get back in touch with my friends over here.
Dallas Trip for Continuing Education
Before I came back to Vancouver, we went to Dallas Texas to take another real estate seminar to continue our education. The instructor is a local big time real estate investor. We were actually surprised to see that the market is doing pretty good there. The instructor mentioned a very important point: if you want to see how’s the market going to be, look for population growth & job growth. More demand, higher price. It’s that simple. Dallas Texas happens to be just like that. This is the city that’s worth investigating. In the US, people have misunderstood that the real estate market is bad. It’s not the real estate, it’s the financial market that is bad. The financial institutions had reached too far and giving money to anyone that is alive. That hurt them. And now they have tightened the rules up too much, so that people are having hard time to get a loan even with excellent credit score. People still want to buy houses, they just couldn’t get the loan to buy. So it drives the market down even further. But time will pass, it won’t take long before the banks realized they aren’t making any money and will eventually loosen up the rules to lend money to people again. After all, that’s how they make money. At the mean time, it’s just the greatest time ever for experienced investors to pick out the sweetest deals on the market and make a profit from it. At last, for my friends in Vancouver, if you are interested and want to know more about how we invest in the US, please feel free to call me or send me an email. ^^
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