experts: real estate column Wednesday, August 30, 2000

Real Estate Principles for the New Millennium

Over the last 30 years I?ve been involved in making major forecasts and multi-million dollar decisions on behalf of various major North American real estate firms. How to separate the wheat from the chaff is what I?ve learned.

By Ozzie Jurock

Over the last 30 years I?ve been involved in making major forecasts and multi-million dollar decisions on behalf of various major North American real estate firms. How to separate the wheat from the chaff is what I?ve learned. My experience and ?instincts? have made a lot of money for these real estate firms, which is why I?m so confident you will benefit financially from the advice in my Real Estate Insider.

Every week I scour all areas of B.C., Alberta, sometimes Ontario, even Washington so I can pass on the good and great deals to my readers. Irreverently called ?Plots of the Week? they all have the potential for quick appreciation, are below market offering, foreclosures, and auctions.

This is the kind of information that makes you KING or QUEEN! It?s the reason some investors are 100 times more successful than others; it?s why they?re always in the right place at the right time. They have access to well-researched, high-level information; information that paints a bulls-eye on niche markets and future ?buys?, while warning them away from possible pitfalls. Of course, these winners see $6 a week for all these advantages as one of their best investments.

Friend, times have already changed. The passing of the time-honored dictum of ?Location, location, location? is just the tip of the iceberg. What you need today to make money in real estate is ongoing practical advice. You get that from the Jurock.com's Real Estate Insider. Month after month after month of hot tips, ideas and advice.

Let me share with you eight astonishing principles how to make money in real estate.

PRINCIPLE #1 YOU MAKE YOUR MONEY THE DAY YOU BUY

Common wisdom says to buy a property, hold it for a while as the appreciation mounts and then make money when you sell. While this no-brainer strategy may be viable in an inflationary environment, in today?s non-inflationary world?it is not.

In such a flatland world, your profit will be determined by how you bought, what you bought and what price you paid. It?s absolutely vital that you first determine current market value and then buy below the market. What GST, the Property Transfer Tax, real estate commission paid in and out, closing costs etc., the price you pay must be at least 12 per cent below current market value for you to simply break even when it comes to sell.

As an investor, ?buying right? is crucial. In my newsletter I will teach you to buy in the right area, how to make offers, when to buy, when not to buy!

PRINCIPLE #2 TIMES WILL CHANGE!

Imagine doubling your money and doubling it again. In the eighties, you could have bought any piece of property anywhere in B.C., and doubling your down payment was easy. If you paid too much, you just bought it too soon. The market always caught up; inflation bailed you out.

These days are over!

Old strategies will not work. ?Location. Location, location?, they say. Yet you could have bought fine superb downtown condos located on the waterfront in Vancouver and literally lost your shirt. Conversely, you could have bought inexpensive building lots in the Fraser Valley in a poor location and made 2,000% on your down payment.

In the next five years, with a world in turmoil, a reshaping of the very fabric of our society, the Internet, job gyrations, current devaluation?s, stock market highs and lows, you need to understand that the old way is finished. Some investors will end up rich, others will lose everything.

In my newsletter I identify for you the new secrets of real-estate investment survival: Trend Identification and Cycle Timing!

PRINCIPLE #3 INFORMATION MUST BE INDEPENDENT, THE SOURCE MUST BE CREDIBLE.

Obviously, when large or small amounts of money are at stake and risk is a major concern, investors need the confidence that they are listening to a true expert.

In my newsletter, Jurock.com's Real Estate Insider, I speak straight from the shoulder; I look you straight in the eye. I pride myself on my independence from associations and special interest groups.

I owe no allegiance to anyone but YOU my subscriber. I cannot and will not be swayed by special interest groups. I am your independent consultant, digging out opportunities for You, pointing out pitfalls and presenting facts unhindered by bias or market hype.

The Vancouver Sun calls me one of the most credible authorities on real estate forecasting in Canada today. Vancouver Magazine selected me as one of the top 25 ?brainy? people in Vancouver. Some say that I am outspoken, frank, knowledgeable, but to me the key is my access to a wide network of well-respected local and international executives, economists, real-estate specialists, entrepreneurs and other whose wisdom and investment insight are weighed, shared and debated with your interest in mind.

As Past President of two of Canada?s leading Real Estate firms in Canada, Royal LePage Residential and NRS Block Bros. Realty, I have had the privilege of leading more than 10,000 salespeople. As President of Datum Real Estate Management Co in Taiwan, President of Royal LePage Asia, Ltd. in Taiwan, and President of the Canada Taiwan Trade Association, I have had the opportunity to learn about Asian investment and investors.

From being judge at the Ernst & Young Entrepreneur of the Year Awards to serving as President of the Burnaby, Coquitlam, New Westminster Real Estate Board and as President of The Canada Taiwan Trade Association.. my many past directorships (of over 32 boards of various associations) have allowed me to build relationships and contacts, while gaining insight into the habits that make rich people richer.

These insights I share every week and every month with You, my subscriber!

PRINCIPLE #4 AFFORDABILITY, INWARD MIGRATION, INTEREST RATES AND DEMAND AND SUPPLIES DETERMINE MARKET VALUES

We are bullish on the West; B.C. and Alberta will do well. Although the general reports on immigration into Canada is down this year, immigration levels will rebound.

We predict that business immigration to B.C. the high ?Net Worth Investor? will continue to flow into B.C. at better than 66% of all such immigration into Canada! In our newsletter, we identify the areas where they will invest in.

I help you make money by featuring the best forecasters, the best predictors!

PRINCIPLE #5 PRESERVATION OF CAPITAL IN THE 1990s WILL BE MORE DIFFICULT!

Think of innovative ways to make money in real estate. For instance: Timber will be valued higher in 20 years. GROW WEALTH! Literally. Buy acreage (in 1997 we featured 2 parcels near Williams Lake at under $40,000 each) even if it has been logged. In fact, if it were logged a few years ago and is in second growth, so much better. Grow even inexpensive Cottonwood or Spruce and find in 20 years your timber asset to have grown into hundreds of thousands?at today?s prices, millions at tomorrow?s!

I constantly think of different new ways to help you maximize YOUR investments!

PRINCIPLE #6 NEW INVESTMENT OPPORTUNITIES ARE APPEARING DAILY!

Foreclosures, joint ventures, homes with suites! Shrewd investors will benefit. But where to go, how to buy them?

I identify for you moneymaking opportunities! List houses with suites that CASH FLOW OVER 17% while they are building your equity and capital gain!

PRINCIPLE #7 - YOU CAN HAVE THE RIGHT IDEA AND STILL BUY THE WRONG TOWN!

That?s why we spotlight different towns and cities in B.C. and Alberta: Alberta January/98; North Vancouver/West Vancouver/Abbotsford February/98; Tri-Cities (Coquitlam/Port Coquitlam/Port Moody) March/98; Canmore, Alberta/Pender Island April/98; Edson/Hinton May/98; Europe/ltd.partnerships June/98; Fort St. John/Interior July98; White Rock/Tsawwassen August/98; BC/AB general September/98; Washington November/98; Whistler January/99; Internet and real estate/AB March/99; Howe Sound - May/99; Surrey June/99

In September 1995 we wrote ?The Beast from the East is back? and forecast a 20% price increase for Toronto. Today, you wish you had bought then. In February 1995 we wrote ?Not a cow in sight?, pointing to Calgary as the next place to make money well ahead of the crowd.

I identify all areas that you should buy in and all areas that you must avoid!

PRINCIPLE #8 SELL AT THE TOP; BUY AT THE BOTTOM!

Tragically, many people unknowingly buy at the top of the market?and then hang on desperately?only to watch values fall and so be forced to sell at the bottom.

Some people, however, armed with the right insights, know exactly when to buy and sell. I make it easy to identify which ones to buy and which ones to stay away from!

 

jurock.com

--------------------

About the Writer
Ozzie Jurock is the president of Jurock International Net, Editor of Real Estate Insider Publication and Author of Forget Location




E-mail this story to a friend    Print this story   Save This Page to del.icio.us

     
Recent Articles by this columnist:

Debunking the Myths of Yuletide Home Selling
Friday, December 19, 2014


Mortgage Interest Rates - Whither Do They Go?
Friday, December 19, 2014


Should You Sell Your Old Home Before Buying a New Home?
Thursday, December 18, 2014


What's a cap rate anyhow?
Saturday, March 29, 2014


Developers ignore Feng Shui at their peril
Friday, November 29, 2013


All articles by Ozzie Jurock

Related Links:

Jurock.com

Forget About Location, Location, Location

Vancouver Real Estate Board

Related Articles:

Have you tried these JUROCK.COM FEATURES?

 

Newsletters

Subscribe To Our Newsletter

Check out this week's Jurock Real Estate Insider Special deal


'MONEY TALKS' HOT PROPERTY

Gibsons waterfront


'MONEY TALKS' HOT TIPS

Don't Worry About Greece ... Worry About The EU


LATEST OZZIE JUROCK articles


LATEST JUROCK.COM CONTRIBUTOR ARTICLES



   Privacy | Security | FAQ | Site Map | Masthead
Contact Us   
Copyright © 2014 Jurock Publishing Ltd. All rights reserved   Jurock.com