Hot Property January 28, 2012

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Hot Property

(For more info write to oz@jurock.com)

GREAT RESORT DEALS

There was free golf ... now it is only $30 per round at the lovely Porpoise Bay Golf and Country Club (formerly the Sechelt Golf and Country Club) on the Sunshine Coast after Sechelt District took over the course last week.

The District sent the bailiff in to lock the doors and change the locks after the operator fell $191,000 behind in lease payments to the District, which owns the land.

Now a new operator is being sought for the 18-hole facility.

If you are looking to buy a B.C. resort this year, there is no shortage of properties for sale; many of them also in a financial bind. Some have prices slashed in half and all are open to offers.

18-hole Tower Ranch Golf Resort in Kelowna

Opened in 2008 and designed by Thomas McBroom, it is zoned for 580 residential units overlooking Kelowna and its lake. The Tower went into receivership last year. MNP Ltd, Vancouver is the receiver and is trying to close a sale by Feb. 15.

Colliers International has it listed, with the original price slashed from $21.5 million to $14.5 million.

More resort properties for sale:

Saratoga Beach Golf Course on Vancouver Island just south of Campbell River is being offered under a court-ordered sale.

It includes a 9-hole executive course with 37 acres of development potential close to beaches/listed for $1.49 million.

OTHER RESORT DEALS

Manning Park Resort near Hope, B.C., is also in receivership and up for sale.

Assets include nordic and downhill skiing facilities, a lodge and chalets and a pub/bistro.

Tofino waterfront resorts on the market: the 40-unit Clayoquot Orca Resort near Chesterman beach, listed under a court ordered sale at $2.95 million; and the 13-unit Duffin Cove Resort, at $2.35 million

Aviawest resorts is facing $97 million in debts on five B.C. resort projects and is under court protection until March 29.

Aviawest owns the flagship Parkside Resort and Spa property in Victoria.

Pinnacle Lodge at Sun Peaks Ski Resort near Kamloops; the Water's Edge Resort in Ucluelet; the Pacific Shores Resort and Spa at Parksville.

(For more info write to oz@jurock.com)

COME TO LANDRUSH CONFERENCE FEB 4...

GET 100 PROPERTIES UNDER $100,000 ...

10 SPEAKERS...

VANCOUVER CRASHING? 3 ACCOUNTING, MARKETING AND LEGAL CROSS BORDER EXPERTS SPEAKING

GO TO WWW.LANDRUSHCANADA.COM

Previous Hot Properties:

1/21/12

Nanaimo Legal Triplex

1. Nanaimo, legal Triplex! First level is student housing with 4 bedrooms at $480 each room. Next level rented at $800/mth to family friends and a top level rented at $800/mth. Hydro paid by owner. Beautiful Ocean views and steps to the downtown core and ocean! Nice inside, but still needs work on the outside. All furniture, TV's and accessories included Price: $429,900. Fab price for a LEGAL triplex!;

2. Port Alberni, Fourplex - Seller may finance!! Illegal Fourplex, legal duplex. A great location, close to all amenities. 4064 sq. ft and 7 bedrooms all together. Nice tenants, some updates. Price: $309,900;

3. Port Alberni, 5 plex - foreclosure. (3 x 2 bedroom, 2 x 1 bedroom suites), brings in $2,874 per month; $34,500 per year. Price: $273,000!!

CRUISE WITH OZZIE (1 week, all food, shows, tuition and accommodation from $899) to Alaska on May 19 and learn to be successful in this wild and wooly markets at the same time. It will make you money! Relax, get into clarity and learn to be a successful real estate investor.

Also, you haven't lived until you've seen Ozzie rock n roll.

LEARN! TAKE ACTION AT THE LAND RUSH CONFERENCE - STRONG FOCUS ON USA INVESTING

USA: Ace Accountant Dale Walters flies up from Phoenix and will lift the fog about investment issues for Canadians in the US. Should you form a company? If so what kind of company? Estate taxes? Any Taxes. Now in its 20th year, the Jurock Real Estate 10 speakers forecast real estate markets. (Ozzie’s top 10 markets in Canada, 6 best in the USA).

Insider LAND RUSH conference ON FEB 4 is new, bigger and more important than ever to serious real estate investors and homeowners.

These are volatile times and you need to cut through the information and misinformation and get to the truth of what will happen - and where - in real estate in 2012. This is where the top speakers and the top advice tell of the best opportunities. Where to invest and where not to invest.

The ALL NEW CONFERENCE sifts the wheat from the chaff…Inflation or deflation, impact of the economy on markets. Highlight major markets such as Vancouver, Calgary and Edmonton but also focus on areas such as the Lower Mainland, Whistler, Vancouver Island, the Interior. Presenters pride themselves to clarify their outlook and answer questions. Most will be available for the SUPER PANEL. All your questions WILL be answered!

LAND RUSH IS HELD AT THE RENAISSANCE HOTEL, WEST HASTINGS STREET VANCOUVER IN AN ALL-DAY

CLICK HERE FOR SPEAKERS AND PROGRAM: landrushcanada.com

Previous Hot Properties:

1/14/12

Saskatchewan Farmland

Ituna, Sask, 817 acres, gently rolling, older bungalow (grain)

Strassburg, Sask 478 acres, $225,000 (livestock)

Swift Current, 157 acres, rolling $60,000

Consul, Sask, 13,600 acres, $1.4 million, 2 wells, 2 houses, 4100 BU grain storage, 2 dams

1/7/12

Phoenix: 10 suites, income $7,980 per month, individual strata titles: Only $599,000 US

PARKSVILLE ... 4 PLEX WITH 5 SUITES ON 3.6 ACRES - SLASHED TO $344,900. Just minutes from Parksville, located in Errington, BC there is a fourplex for sale with 5 suites in it, receiving $2980 in rents each month!! Originally $365,900 this property on 3.6 acres is now only $344,900. kayou@coastrealty.com for more details.

NANAIMO ... Foreclosure! 4 Bedroom home for $218,000! Reduced from $229,000. Foreclosure with nice laminate floor and nice kitchen and mountain view. Located in South Nanaimo. 4 beds, 1 bath. 1582 sqft.

NANAIMO ... Single Family Home for $159,900!! FORECLOSURE! GREAT BUY!! 2 bed, 1 bath. 1000 sqft rancher in Old City, Nanaimo. Foreclosure. Originally $195,900. Updated! Newer kitchen, laminate floors and fresh paint. Near downtown, University and shopping!

THERE IS A SEMINAR IN PHOENIX HELD BY LINDA GERCHICK.

If you would like to learn about investing in Phoenix, come down and get a day of education and a hands-on tour. (Jan. 20) There is a $175 fee, but you get back $100 if you attend.

Call Lubna or Marc at 604-683-1111 for details.

The astounding Vancouver market - information overload!

Why just information is sooo meaningless.

Information needs to be interpreted... (Hint: We do it in Jurock's Real Estate Insider for all markets in Canada every week!!! www.factsbyemail.com)

We all have information overload and particularly so in real estate.

Last week was a good example.

12/31/11

Downtown Vancouver Condo $230,000

1. Bachelor Court ordered sale $230,000

Vancouver West, Downtown

2. ESTATE SALE: Burnaby, Metrotown

Probate now obtained. Outstanding Value! Less than $340/sqft for concrete building in Metrotown.

12/24/11

Nanaimo Apartment Building

1. NANAIMO: Apartment Building for $549,900!!

Unique Investment Opportunity. This well constructed 18-year-old building has 5 strata title units (meaning you can sell them off separately).

All the units are approximately 565 sq. ft. each with 1 bedroom and 5 appliances including in-unit laundry. Centrally located, on a bus route, close to all amenities and only 3 blocks away from Nanaimo's beautiful waterfront seawall. Key features include low maintenance vinyl siding, thermo pane windows and outdoor patio or decks.

2. BROCKPORT NY - Loopnet - (GO TO LOOPNET AND LOOK FOR AUCTIONS)

Estate Auction - Immediate Sale Ordered via Public Auction:

The Brockport Golf Club: 18-Hole Operating Golf Club on 160+ Acres. 2009 Appraised Value of $4,000,000+, 80% OFF, $790,000 MINIMUM

BID Details: Extremely Rare Opportunity to own this Impeccable 160+ Acre Semi-Private Golf Club Ideally Situated Near 3 Major Cities, Year-Round Operation w/ Heated Driving Range, Banquet Hall, Restaurant & Sports Bar Turn-key

Operator Opportunity, Ranked 7 Years in a Row as One of the Top Public Courses to Play & 3 Times as the "Must Play" Course, SELLER FINANCING AVAILABLE, 45+ Unused Acres Ideal for Future Residential Development Opportunity, 6,701 Yard, Par 72 Course, Located Just Minutes from Lake Ontario, 20 Miles from Rochester and 60 Miles from Buffalo & Niagara Falls, $1,000,000+

12/17/11

Steep price declines create great opportunity for investors

1. Kimberley - 1 bdrm apartment. Building has new roof within last 2 years. Currently rented at $500 per month. Only mins from skiing, golf, great dining and Rocky Mountain International Airport.

2. There are 9 condos under $70,000 rented between $500 - $650, all in town.

3. There is one on the Ski hill, 1 bedroom, 1 bath, FP ... fully furnished for $69,900, MLS®: K205117

12/10/11

$19,900 Per Suite!!!

Phoenix, 20 Units, $19.9K per unit B+ (package $125K below market!!!) 20 Units North Phoenix B+ area. Low vacancy. Price: $398,000.

Current market $540,000.

8% CAP NOW with 16% CAP potential

12/03/11

Sun Peaks Resort

Nancy Green Lodge: A fully-furnished, ski-in, ski-put 589 sf loft condo in Nancy Green Lodge was just listed at $139,000 with unlimited owner use.

Sun Peaks Hotel-Condos - two hotel-condos (restricted use) are listed at $22,500 each but strata fees are $430 per month. (sunpeaksrealty.com)

Major Point: There are a lot of bargain prices at ski resorts right across B.C. this season. Take time at the end of your next run and check them out, whether at Sun Peaks, Whistler or in the Kootenays.

11/26/11

Saskatchewan Farmland

1. 479 acres - $435,000 - Unity, Saskatchewan

3 bedroom house ... 195 acres cultivated

2. 4,693 acres - $985,000 - Consul – SW Saskatchewan

4 bedroom house, huge barn storage

11/12/11

St. John, New Brunswick 5-plex for $280,000

1. INVESTMENT: St. John, NB, 5-Plex in Saint John, Nice Cash Flow 5-Plex in Saint John, NB. $280,000. Monthly rental is $3,800.

Write to oz@jurock.com for contact info or subscribe to Ozzie's weekly Facts by Email for only $3.50 a week and get all Hot Properties early!!!

2. Non performing loans auction - for the well-heeled sophisticated investor...

Bid on a $4,100,000 first mortgage secured by 35,000 sq foot medical building - for $500,000 or?

Where? Go to loopnet.com fpr commercial bankruptcy and auction sales.

AUCTION 11/14: Non-Perf Note sec'd by Med-office

4911 N Executive Dr, Peoria, IL 61614

11/5/11

Sechelt Waterfront

1. Just south of Sechelt, a waterfront cottage is listed for $497,000 (think $600K plus just a couple of years ago).

2. Waterfront lot at Poise Island Drive, Sechelt (100 feet of oceanfront) for $219,000.

10/29/11

Kamloops Condo, Port Alberni 7-unit Townhome Complex

1 bedroom condo in Kamloops

$99,500 (lowest price in town!)

New flooring, paint, sink, vanity etc. Rent for $700-800/month; with 25% down on a variable mortgage, will cash flow nicely.

Vancouver Island

Townhome Complex for sale in Port Alberni!

A Great buy! Just over $600,000 for a 7-unit townhome complex. Good area, solid building, 3 levels each and 3 bedrooms, fully rented.

10/22/11

The Zen Victoria

These urban live and work condominiums are located in a prime area with walking distance to Cook Street Village (Fort and Cook area) and downtown.

These units are located in Fairfield bordering Downtown and Rockland.

Price: $174,900 with payments as low as $680 per month with 5% down.

2. Richmond Rental property (3 suites – 3,200 income)

2 storey rental property, 2560 sq ft. detached house, with attached garage. Lot 7000 sq ft. Back lane.

a) The main suite has 3 bedrooms upstairs and 4th bedroom d'stairs with separate bathroom, with huge 22' x 16' back deck and garage. Rents for $1800/mth.

b) Large suite d'stairs rents for $800.

Nice suite, spacious, natural gas fireplace, sliding door onto stone patio and backyard. Side entrance.

c) Small suite with back entrance, 400 sq ft. Rents for $600.

Just renovated, shows well. I have rented out all 3 suites since 1998, when I moved to Toronto for 4 years.

Total rent $3200. One Owner, since 1993.

Laundry room ground floor, each suite has lockable access door.

Very good cash-flow property.

Divorce ... Price $788,000

10/15/11

Coquitlam 3 bedroom, 2.5 bath townhome (2 FULL, 1 EN-SUITE)

Over-sized windows in large living room/dining room combination - easy to work in kitchen, fully fenced patio Only $259,000!!!

FIRST TIME BUYER:

PUT $13,000 DOWN AND PAY ONLY $1,152 PER MONTH

10/8/11

Nanaimo Deals

NANAIMO ... $107,800. Extra large one bedroom condominium in centrally located Uplands. Only two blocks to bus stop and within easy walking distance of all levels of shopping at Country Club Mall. Rent approx. $900/mth. Fantastic price for a condo in this area and a great start for a new investor's portfolio.

NANAIMO: 6 bed, 2 bath home ideal for a family or as a rental; close to schools, transportation and amenities. The fully fenced backyard is a great for children and has the added bonus of mature fruit trees and large back deck. This home also offers lane access great for an additional coach house or private access for possible tenant. Only $231,500!! Rent between $1800-$2300!!!

Phoenix Cash Flow Apartment Buildings for the Price of One Vancouver Condo

Here are three examples of the Phoenix listings that Gerchik offered the Real Estate Outlook audience:

A four-plex priced at $120,000 that is rented out and grossing $22,000 per year. With 25% down payment the positive cash flow is projected at $4,161 annually (after taxes and property management expenses).

Seven-condo bulk buy at $30,000 each (total $210,000). Each tenant is paying $500 a month for a total of $3,500 per month. With 50% down, the projected positive cash flow is $10,856 annually, (after HOA fees, taxes and property management).

34-unit rental apartment. Price $1.1 million. Fully rented with annual gross income of $200,000. With 25% down payment, annual positive cash flow after expenses is proposed at $26,000.

Come to a great Phoenix seminar on October 8 and 9

... Attendance - almost totally free (unless you book and don't show up w/o cancelling). Tuition from top Tax and cross border accounting experts, high powered CCIM Realtors, property manager, Title insurance experts etc., write to Marc at marc@jurock.com or call him at 604-683-1111 or 1-800-691-1183

Previous Hot Properties:

9/17/11

Phoenix condo and $95K Whistler studio

Phoenix 2 bedroom, 2 baths, Fireplace, 2 pools, 5 barbeque pits and exercise room in development. $41,000

Whistler Cheapest studio (Phase 2) $95,000 (price we have not seen in a long, long time).

WRITE TO OZ@JUROCK.COM FOR CONTACT INFO.

9/3/11

Sunshine Coast Lots; Phoenix Golf Course Home

CANADA

GIBSONS:

CONFUSED ABOUT HST?

Developer offers a smoking deal on his lots with NO HST to pay.

Details:

LOTS # 2, DUPLEX Zoned @ $199,500 --- Save $23,940

LOTS # 15, SINGLE FAMILY Zoned @ $169,500 --- Save $20,340

LOTS # 22 SINGLE FAMILY Cottage Zoned @ $129,500 --- Save $15,540

PHOENIX

We always talk about $60,000 - $100,000 houses ... and they are still there. Here is a different one - fantastic quality.

ON A GOLF COURSE

9-years-old, renovated, stainless steel appliances, 2,700 sq. feet.

On golf course, gorgeous pool ... 2 levels ... triple garage.

$177,000

I will eat my right shoe if one does not sell at a profit in 3 years.

Or have a fabulous holiday home.

More info

8/27/11

Affordable USA and Canadian Properties

USA

Tolleson, (suburb of Phoenix) ... Rancher 3 bedrooms, 2 baths, 6 years old ... $89,900 (8430 RILEY RD, TOLLESON, AZ 85353)

CANADA

SURREY 2-years-old 1,054 SQ ft condo, 2 bedroom, 2 baths, $11,300 below assessment - only $299,000 (less than $300 per foot).

Fantastic opportunity to own a luxury apartment in Fleetwood (Surrey) MLS#F1113050.

8/20/11

USA Golf Course Properties and Former PNE Prize Home

USA

On golf course, very clean – short sale

$70,000

30708 N ROYAL OAK WAY

San Tan Valley, AZ 85143

On 18th hole great house – with pool

$159,900

11546 W SONORAN CT

Surprise, AZ 85378

CANADA

Daniel Point – Sunshine Coast

Former PNE home 5,000 sq. feet – waterfront home

$995,000

8/13/11

Market is slow recreationally - make OFFERS and get that island dream home

Keats Island between Gibsons and Bowen Island – no car access

1. Fantastic level South West ocean-view property just across road from beach access $249,900. MLS® V893650

2. Charming cottage on Keats Island! Wonderful cathedral style 2 bedroom cedar cottage. Approx. $70,000 spent recently in renovations, including gorgeous new cedar roof. Tranquil forest setting, close to dock & beaches. $295,000

Bowen Island

The cottage has been renovated with new tile floors, appliances, updated kitchen, bathroom and large deck with a peek-a-boo water view. Older cottage, $295,000. MLS: V846184.

There are 158 properties listed under $300,000 on Saltspring, Galiano, Mayne and Pender Islands – rustic, but fine hideaways...

8/6/11

Rent to own executive home, Langford, Victoria

3 bedroom, 3 bath, Open Plan Luxury Home, with fully fenced backyard for your pets, located right beside Happy Valley Elementary School and on the Trolley Bus route, located at 995 Acadian Drive, Langford, BC.

Price $459,000 – pay $2,000 per month – get $500 credit towards down payment in 2.5 years (read fine print).

Phoenix

29097 N SHANNON DR, AZ 85143

Golf course home – oversized lot, RV gates in garage.

Overlooking 6th hole - 7 years old.

$103,000