Owen Bigland
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5 selected videos
Bad Property Investment / Vancouver Real Estate 101
Here’s another case study on an investment property that was all wrong, right from the beginning. Never sure who’s to blame with these types of situations but in the end it has to fall on the buyer for simply not doing their due diligence and getting the proper advice on this deal. Or, if they did, they didn't listen and went ahead anyway. If you’re going to buy an investment property make sure you at least understand the basics of real estate investing, then hire a Realtor who...
Related topics : real estate homes
Form K / Real Estate Investing 101 in Vancouver
Any Investor / Landlord who rents a Strata property in BC must have their tenant fill in a Form K. The Form K is a simple 1 page document that states the tenant's full legal name and contact information. It also acknowledges that the tenant has received an up to date copy of the Strata Bylaws as well as the Rules and regulations for the complex and that the tenant agrees to abide by them.
A Form K is then mailed into the property management company and kept on file. A new Form K must be...
Related topics : real estate homes
New Westminster BC Investment Condo
This is Part 2 of my Opportunities Series. This one features one of my long time investor clients who called me this summer looking to add another one bedroom condo to his portfolio. He already owns investment condos, duplexes and single family homes in Vancouver and Richmond. For this purchase he was looking at buying a simple one bedroom in a good older building in Downtown New Westminster that was close to Sky train.
If you want to voice your opinion or get in touch with Owen, please email...
Related topics : real estate homes
Taxes & Insurance on Buying BC Real Estate
Owen Bigland blog about two fairly sizeable expenses that homeowners sometimes forget when purchasing a property in British Columbia. Most people know about the HST payable on new homes but there are 2 other substantial expenses you will need to shell out when you buy your home. The first is Property Transfer Tax (PTT) which is 1% on the first $200,000 and 2% on the balance. If you are a first time buyer, meet all the requirements and your purchase price is under $425,000 you can apply for an...
Related topics : real estate homes
Subject Free Offers on Vancouver Homes & Condos
I was speaking with several home inspectors last week. They told me that the number of home inspections they are doing these days is down over 30%. The reason being that in this ultra hot Vancouver sellers market, more and more buyers are in competition. So, to make their offer more appealing to the seller they are writing the offer subject free. Subject free offers can be very dangerous if you don’t take some precautions and do your homework before you write. In this video I will tell you...
Related topics : real estate homes
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