Having several real estate agents scouting properties for you is one of the most effective ways to quickly and efficiently identify potential properties that can be flipped.

I must stress that it is critical to your success to ensure the competency level of the brokerage team you put together. I have worked with many brokers and agents whose range of expertise and experience varies greatly.

Most residential brokers focus primarily on the more traditional single-family-housing sales. They act in a fiduciary capacity to represent buyers and sellers who have a broad and diverse range of needs.

You must seek out a good realtor who knows what your criteria is as a Vancouver real estate investor.

Vancouver mortgage insight is provided by Duncan Seward a registered Vancouver mortgage broker with TMG. He helps clients in North Vancouver, Surrey, Vancouver, Coquitlam, Maple Ridge, Burnaby and Langley with their mortgage questions. He is an expert in BC mortgage matters. You can check out regular mortgage updates at his blog page Vancouver Mortgage Rates.

Finding exactly the right property in the Vancouver real estate market can sometimes prove to be challenging. The application of a comprehensive and all-inclusive approach will provide you with the greatest chances for success.

You must be willing to exercise patience and diligence in your search. Doing so will enable you to minimize your risk and maximize the return of your hard-earned investment capital. The more selection options you have available to you, the better your odds for locating the type of property most suited to your objectives. In my experience, brokers, classified ads, real estate publications, web sites, real estate investment clubs, and lenders have all proven to be useful at one time or another.

Advertising, for sale by owners, vacant properties, and foreclosures can also generate good leads.

Vancouver mortgage insight is provided by Duncan Seward a registered Vancouver mortgage broker with TMG. He helps clients in North Vancouver, Surrey, Vancouver, Coquitlam, Maple Ridge, Burnaby and Langley with their mortgage questions. He is an expert in BC mortgage matters. You can check out regular mortgage updates at his blog page Vancouver Mortgage Rates.

As an investor who is in the business of flipping properties, you are not interested in carrying your inventory any longer than necessary. That means you should carefully study your area to determine which vicinities are selling with the fewest average number of days on the market. If you have lived in a particular area for a while, you are likely to already know which areas of town are hot and which are not. You do not have to rely solely on your intuition, however, as most real estate agents in your area will have access to the local Multiple Listing Service, or MLS.

They can provide you with objective data to support your analysis. Most real estate agents will gladly furnish this information to you free of charge. They are in the business of earning commissions by representing buyers and sellers, and to do this, they must also be able to provide information that will enable them to make a well informed decision.

Sales agents know that if they can give you the facts you need that will support your decision to buy, it will bring them one step closer to earning a commission.

Duncan Seward is a Vancouver mortgage broker. His role as a Mortgage BC brokeris the focus of his business. He is an expert in bad credit mortgage refinance applications. Poor credit loans need not be a concern to clients with a damaged credit history.

The credit report should verify all the information disclosed on the application, especially the number of creditors and amount of outstanding debt. Occasionally, there are discrepancies since many applicants cannot remember all details exactly. The lender should compare the credit report information to that disclosed on the application. If this comparison shows significant discrepancies, major omissions, or erroneous information of a serious nature for the most recent two years of credit history, then the applicant should provide a written explanation.

Additionally, some creditors do not report to a national credit repository or report infrequently, so the information is outdated. In these cases the lender will complete verification by mailing a Verification of Loan form to the creditor or by requesting the applicant provide a loan statement. In either case, the lender attempts to verify the same information that would be included in a credit report.

An applicant may not be aware of some of the information contained in a credit report, especially if the information is incorrect. If the applicant believes a mistake has been made, the lender should advise the applicant to discuss the information with the credit bureau directly. On occasion, credit bureaus receive wrong information that can be corrected by a discussion between the applicant and the credit bureau.

Duncan Seward is a Vancouver mortgage broker. Mortgage BC is the focus of his business. He is an expert in bad credit mortgage refinance applications. Poor credit loans need not be a concern to clients with a damaged credit histories.

Of great concern to any mortgage lender is how the applicants handle their past credit responsibilities. Many lenders would argue that this is the most significant element of the mortgage application. A credit report provides objective information that helps lenders evaluate the applicants’ current amount of outstanding debt and the payment history for active and prior debts.

A basic credit report must be issued by an independent credit-reporting agency (or credit bureau) and lists the information it has for all of the applicants’ debts that are disclosed on the application or found elsewhere. The credit-reporting agency relies on its own files, various national repositories of credit information, and public records. This may include the following information: loan type, account number, open or closed status and dates, highest and current balance, and monthly payment.

A lender should order a report for all applicants for every residential mortgage loan application. The lender needs the full name and Social Security number for each applicant. Married applicants are reported jointly, since many credit accounts are jointly held. If the applicants are not married to each other and wish to be co-borrowers, then the lender must order separate credit reports for each.

Duncan Seward is a Vancouver mortgage broker. Mortgage BC is the focus of his business. He is an expert in bad credit mortgage refinance applications

The over building of the condo market in conjunction with the unstable market has caused prices to move downward, on average, 26.5% from 2008. I see another 12-14% drop in the vancouver real estate market until the market stabililizes in mid 2010.

Clearly, the pundits who predicted a fast recovery or who stated that the market would not react to the recession are out of bounds on this one.

The impact of a softening of the market will help first time buyers who were priced out of the Vancouver real estate market and current potential home owners step up to property ownership.

The writer is a reverse mortgage broker with numerous reverse mortgage clients

Vancouver real estate is the topic of most conversations in BC. Duncan’s Vancouver mortgage business is gives him the insight to provide topical articles on the state of Vancouver real estate.

If you’ve ever bought a home, you’ve invested in Vancouver real estate, even if you didn’t plan to use the property to finance your retirement. Chances are, like many people, you may not even have considered real estate from an investment perspective – it’s simply been your own patch of ground, somewhere you can relax and call home.

But real estate is an important part of the personal investment strategies pursued by many people – and not just the Donald Trumps of the world. If you’ve picked up this book, you probably think real estate might be for you.

Congratulations! No matter where you are in your journey, this book can get you started and see you through to the close of your first deal – and the beginning of your second!

Foolish Assumptions

This book is reader-focused, so by definition we’ve had to make a few assumptions about you. Although we’ve never had the pleasure of meeting, we expect that you’re most likely a novice when it comes to investing in real estate. Perhaps you’ve never bought a property; perhaps you’ve bought only your own home. This book will be a primer for you.

We also want to make sure that you enjoy a fresh take on the art of investing in real estate, particularly if you do have some experience in the market.
Although we can’t offer an in-depth analysis of each topic, we do provide an excellent overview and some pointers for honing your strategy (watch for sidebars, vignettes drawn from real-life examples, and so forth).

Because you may be interested in more than just buying a property, we haven’t neglected to track down other ways in which you can understand, participate in, and benefit from the real estate market even if you don’t want to own your own acreage – yet.

About the Reviewer
Vancouver mortgage insights is provided by Duncan Seward a registered Vancouver mortgage broker with TMG. He helps clients in North Vancouver, Surrey, Vancouver, Coquitlam, Maple Ridge, Burnaby and Langley with their mortgage questions. He is an expert in
BC mortgage matters. You can check out regular mortgage updates at his blog page
Vancouver Mortgage Rates.