Vancouver Real Estate Investment Club
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Frequently Asked Questions



1. What does VIC do?

The Club provides real estate investors with investment knowledge and opportunities and leads investors to invest in real estate and build wealth! Click here to know more about what the Club does.
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2. How does the Joint Venture program work?

The Club Joint Venture program provides an opportunity for you to join the Club in real estate investment and share the profit earned from the investment with your hands free! You can learn knowledge and obtain experience with successful investors in the Club while you are building your wealth!

How does the joint venture program work? If club members are interested in one of the good properties the club found, one or more club members will form a joint venture with the club, and altogether invest on the property. The club handles ALL the work. The members just provide initial capital and share the profit. Wealth will be built up with time while you are sleeping or doing something else.
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3. How safe is my investment?

Real Estate is very safe as it is a real asset- tangible and concrete so you will always have the value of the property, land and additional insurance placed on it. We use an incredibly rigorous system of due diligence to safeguard your investment. That being said all investments carry risk. Back to Top

4. Is my name on the property title when I partner with the Club?

Your name could be either on the property title or not on the property title depends on a few other factors, such as, who apply for the mortgage, the property is holding under person name or under a corporation name, etc. If your name is not on the property title, your name will be on tile in the form of a caveat. A caveat is a document indicating that any person with a legal interest in a property can lodge with the Titles Office to ensure the property is not sold or refinanced with without their knowledge. This protects your legal rights and interests. Back to Top

5. How do I know you are buying good properties?

There are a few criteria to determine if a property is a good investment property. The club leaders have 8 year local experiences with an outstanding performance (click here for part of our past performance details). Back to Top

6. What if the housing market goes down?

No one can really time and predict the market. For investment purpose, we buy cash flow properties for long-term hold. For example, you bought a property at $200,000 with a rent income at $2,000 per month. After all expenses, you will net about $500-800 per month to your pocket. If the market does go down, it won't affect you much because you collect $500 cash each month and your mortgage is getting less and less each month. Back to Top

Ask the Expert

Question: I bought my home three year ago and it has appreciated by over 150%. Should I keep it or sell it? (Jack Anderson, Burnaby, BC)

Suggestion: It really depends on what your plan or goal is.

(1) If the property is your principal residency, you may want to keep it. In the long run, you will see a good appreciation in Lower Mainland because the land is very limited in urban area. Plus all appreciation from your principal residency sale will be ZERO taxable. The another issue is that you still need a place to live if you do sell your home. The rent market is not favorable to the tenant right now because the vacancy rate is extremely low right now.

(2) If your property is rental, it may be a good time to sell now to realize the good profit. In this case, you need to know where you are going to park your money for safe and better returns. Real estate investment is a relatively safe and high return investment if you know how to do it.

(3) If you like, you can keep your home or rental properly and refinance to buy another property. The only thing you need to pay attention to is the cash flow. In other words, the property you are going to buy shall have enough rental income to cover all purchase related costs and refinancing cost. There is another good advantage for refinancing is that you would not trigger any tax issue.

(Eva Ye, RE Investor, CGA, MSc)

 

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