Quotes of the Day

You need to receive the Strata's meeting minutes for at least 2 years, Strata Plan, Form B, Depreciation Report (if available), Engineering Reports for the last 2 years, Rental Disclosure Statement and Financial Statements. The most important thing is you MUST READ them. If you're working with a realtor, don't just rely on him/her to read it because your realtor will not memorize them and verbally dictate the whole thing out to you. [2015] - Gary Wong

Often you can put together a new career just using what you already know and what you already can do--with just a bit of training or retraining. [2013] - Richard N. Bolles

Try eliminating milk and limiting your intake of other dairy products for thirty days and judge by the results you feel in your body. [1989] - Anthony Robbins

Career wellbeing is arguably the most essential of the five elements. If you don't have the opportunity to regularly do something you enjoy —— even if it's more of a passion or interest than something you get paid to do —— the odds of your having high wellbeing in other areas diminish rapidly. People with high Career Wellbeing are more than twice as likely to be thriving in their lives overall. [2010] - Tom Rath

"Meeting the 2% rule (the 2% test)" means that a property's monthly rental income must equal 2% of the purchase price or greater. The value 2% could easily be replaced with another number to test that as well. For example, many people look for "the 1% rule (test)." You might hear people talk about the .5% rule (test), the 1.5% rule (test), the 3% rule (test). In my local real estate market, I know that if I can find a property that gets close to 2%, it's probably going to cash flow well. Yours might be different. Maybe you'll discover that 1% is plenty to get you enough cash flow to create a solid return on investment. [2015] - Brandon Turner