The best way to make money in Real Estate

Looks like somebody has figured out the easiest and best way to make tons of money in Real Estate.

It’s not buying and flipping condos, it’s not renting out rooms and sheds, it’s not even as a developer building towers or a realtor taking a commission on each sale.

No, all those things would take way too much work.

The best way we’ve ever seen to get rich off of real estate is simple: sell your name to developers.

This way you take no risk in the market and make money no matter what happens.

So what are you waiting for? Get selling!

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Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

this is ancient news. why don’t you post about something new, like the dramtic price drops we are seeing and all the BMW X3 real estate agents are dumping on to the market? oh wait, none of that is happening. never mind.

NOM NOM NOM
Guest
NOM NOM NOM

This piece on Boulder Co, USA, presents shocking parralels, and even more shocking contradictions to our affordability issues here at home

http://www.bbc.com/news/world-us-canada-29240704

Similarites:
-restricted amounts of developable land
-idealised ‘paradise’ complex
-frustrated middle class

Contradictions:
-insurgence of INDUSTRY fueling wage disparity
-fully 1/3 of the population earns +$100K
-in three years they expect wage earnes to have household incomes of $60K to be able to afford COL

Marco
Guest
Marco

It seems the best way to make large money on real estate in Vancouver is to be a baby boomer that bought way before the boom. Sat and waited for all the stars to align and then sold to other boomers with comparably overpriced digs or to foreign investors. Wonder what’s going to happen in the near future when all the baby boomers decide to sell and downsize, if they haven’t already.

Cheers.

booby
Guest
booby

Prices downtown will go up, suburbs down.

“It is not only the millennial generation that is giving up more space in the suburbs for the advantages of downtown living. Baby boomers whose offspring have flown their nests are also shifting towards town centers.”
http://marketbusinessnews.com/canadians-prefer-living-downtown-suburbs/36711

space889
Guest
space889
@Patriotz – from last thread – a lot of us will jump to buy a SFH in Van when the price drops sure. However, most of us also didn’t jump and attack others for buying now. Frankly, many of us have noted that a lot of people who buy pays a big premium for non-financial reason that are worth the premium or cost to them. We realize that everyone is different and places different priority/price on different things, and not everything can be measured in dollar and cents. It is you who kept saying that renting is always an option, regardless of situation. And yet, you bought when you got kicked out of your rental knowing full well that price will likely drop. Something that you have blasted many other buyers for. So yeah, you are a hypocrit, as much… Read more »
Marco
Guest
Marco

@4 booby

Thanks for the article. This paragraph really stuck out for me:

“It will be interesting to see what happens when the millennials start having children and require more space. By then, several baby boomers will have vacated their suburban properties, which will consequently be much cheaper, providing the added space the younger families may seek.”

“Several” that sounds like a few, more like thousands… They will have to be cheaper because most of the younger generation cannot afford the baby boomers digs. So baby boomers best option to make it big in Real Estate is to sell their suburban digs to foreign investors who pay top dollar.

Cheers.

patriotz
Member

@5: ” However, most of us also didn’t jump and attack others for buying now. ”

Who did I attack for buying a detached house on a big lot for $330,000?

space889
Guest
space889

Didn’t Trump get sued when some of the projects he sold his name to didn’t pan out well? Also, this type of revenue tend to dry up when you get a few stinkers.

Best way to make in RE is likely any other investment/business, do you research, find opportunities where your chance of success is good to very high, leverage up as much as you can, and hope everything works out as you expected. Takes hard work, guys, resource, and luck.

Or, you can just buy REITs and take your 4% distribution and/or trade and leverage up & down as price moves in a trading band.

VanRant
Member
VanRant

Differents between Experts and Fools

Experts: Buy low and sell high. Fools: Buy high and sell higher

junkerdeal
Guest
junkerdeal

@bullx3, if you have dramatic news to share please do, otherwise what are you complaining about, the boring market?

patriotz
Member

@6: ” So baby boomers best option to make it big in Real Estate is to sell their suburban digs to foreign investors who pay top dollar.”

I think you mean “best hope”, not “best option”. In finance an option is something you have the right to exercise in advance.

taylor192
Member

@#6

CMHC has a study on why seniors move. If I remember correctly… After hitting 65, 20% of seniors will move every 5 years. The top reasons for moving are:

11% lose family (aka empty nesters)
9% gain family (moved into nanny suite, likely need financial assistance)
9% divorce
10% widow
10% change rentals

Since 2001, those 75yo+ have increased home ownership from 66% to 71%.

Draw your own conclusions.

Oracle
Guest
Oracle

Patriots has not been honest to some others on this forum. He has denied immigration effects in RE values in Vancouver. This is because he has a vested interest in keeping immigration levels high. He was caught between a rock and a hard place.

He bought where there was nil effect of immigration on RE.

Garth turner makes money by persuading people to sell their homes and invest in stocks. Some that do invest with him. Caching!$$
Downvote all you want but it’s the truth.

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

@junkerdeal

yes, i do have dramatic news. Softy was right. it’s a soft landing. I was right, in that once i saw Softy’s reasoning i publicly agreed with it.

the masses of this forum who constantly downvote rational opinions are wrong, as usual.

patriotz has realized that he has been wrong for almost a decade and capitulated because in his best judgment there is no crash coming.

@Oracle

patriotz downplays immigration because he is anti-Conservative partisan. attacking the PC party on immigration not politically effective, because all their opponents would allow more immigration. so he instead focuses on the CMHC which Harper has used to juice the economy.

peking duck
Guest
peking duck

i’m surprised this doesn’t happen more often.

http://imgur.com/jk2U5C6

bullwhip29
Guest
bullwhip29

Regarding the following Vanc Sun article…

http://www.vancouversun.com/opinion/columnists/Barbara+Yaffe+City+Vancouver+likes+your+home+worth/10335962/story.html

This proves without any doubt that HAM is/was a huge factor in this market. I feel sorry for all the non-HAM owners (for the most part) who did everything by the book (as per HGTV), spent countless hours and $100,000’s dressing up their “character” homes only to find out that it was all for not.

Marco
Guest
Marco

A Tale Of Two Cities.

I had a friend in high school whose parents bought him a place in the British Properties in the late 90’s. I saw him a few years back and he told me he sold it and moved. I wonder if he payed his folks back? I asked him why did he sell? He said he didn’t like how the area was changing, he grew up in the area. Wow what a dilemma (sarcasm on)
Many Boomers are financing their kids first Real Estate purchases in this Town. Their hope is to no doubt cash out big soon for retirement, If they haven’t already. I wonder how much of a loss they can take on the Bank of House if there aren’t enough buyers for the inventory.

Cheers.

Oh Grow Op!
Guest
Oh Grow Op!

Bullwhip29, how does that article prove anything about HAM? Are you saying foreigners are the only ones that want to tear down pre 1940s homes and replace them with something new and clean?

Devore
Member
Devore

“Didn’t Trump get sued when some of the projects he sold his name to didn’t pan out well?”

Doesn’t mean anything, of course he got sued, he has money. People with money get sued. People without, like developers who go broke or limited liability numbered companies, do not.

paulb
Member
Trusted Member

New Listings 174
Price Changes 71
Sold Listings 181
TI:15037

http://www.paulboenisch.com

Shut It Down Already
Guest
Shut It Down Already

Bear trolls vote down paulb on high sales days. Pathetic.

ham what
Guest
ham what

shut it down already troll got banned but still comes here. Pathetic

@devore
Guest
@devore

“Doesn’t mean anything, of course he got sued, he has money. People with money get sued. People without, like developers who go broke or limited liability numbered companies, do not.”

I bet Trump also sets up a separate numbered company for each ‘Trump’ building. Why wouldn’t he? Trump is 100s if not 1000s of companies. Ever hear of anyone winning one of these law suites? Nope. There is nobody to sue and contracts are written in the developers favour. Investors grasping just trying to recover losses for over paying. Lawyers tanking advantage of the naive. The Trump tower in Toronto is selling for 50 cents on the dollar and that is while prices for condos have been rising in Toronto since the presales. You can imagine what these presales will look like after the correction.

kabloona
Member
kabloona
In case anybody forgot about the Trump fiasco in Toronto….. Trumped: the multi-million-dollar lawsuit over Toronto’s most controversial new condo-hotel http://www.torontolife.com/informer/features/2013/07/02/toronto-trump-tower-lawsuit-feature/ “…..Donald Trump declined to speak with me, but Ivanka, his daughter, agreed. The 32-year-old is vice-president of development and acquisitions for the Trump Organization. When I reached her, she was in the back of a chauffeur-driven car on the way to the airport… Ivanka is an excellent human shield for her father, who is no stranger to lawsuits. He has been sued by investors on several hotel projects and has launched his own litany of suits against a long list of perceived offenders, including an unauthorized biographer, a former Miss U.S.A. contestant, Deutsche Bank and the comedian Bill Maher… …Ivanka said she is staggered by the investors’ claims that they believed they were buying their units directly from Trump.… Read more »
JR
Guest
JR

Bull, what did I miss? Have we actually landed? I thought we were still somewhere in the stratosphere, circling around, waiting for the inevitable downward trajectory (something like Icarus; the higher you go, your wings melt and then…..)

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