Friday, July 16, 2010

Summer Sizzle and Sales

Dear Friends and Partners,

I trust that you're enjoying your summer as much as I am. It's turning out to be a busy one as we take advantage of the long days to get the most out of renovating and upgrading units. You'll see a lot of home repair specials at stores like Rona and Home Depot now.

Danielle bought a very economical, high efficiency, low flush toilet for only $119 for a basement suit. It worked out cheaper (this time) to buy the toilet on special, rather than using the contractor discount that we have. Wait a little longer and you'll start to see all the specials on BBQs and lawn furniture too.

We're in the process of upgrading a newly acquired 4-plex in the Prince Rupert area. One of the first jobs is to switch out the galvanized pipe to PEX tubing. You're probably thinking that that is a costly job, and you're right. But you know something? Having to do larger repairs is actually a good thing, especially when negotiating a deal. If you are sharp with your numbers and have a competent reno team in place you can turn turn-offs into turn-ons and a nice profit along the way.

I was able to negotiate a nice good price for the property, align my plumbers for the upgrade, improve the value of the property and reduce the cost of insurance all in a deal that others may pass on. Embrace "problems" so that they become solutions for everyone involved.

I appreciate all your calls and emails. I'm looking forward to helping you take your next step towards building real wealth. The time is now....

"The real winners in life are those who look at every situation with an expectation that they can make it work or make it better. - Barbara Fletcher

Kind regards,

Todd and Danielle

1 comment:

pjeary said...

I love your posts regarding real estate, and this one is so true. Thanks for the post.

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