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#DrinksWithDarin October 2021 - How to make passive income in Real Estate

What if I told you, YOU, yes, YOU! may have hidden equity in your home and you didn't know it. Since the market has been red hot recently, chances are you have been sitting on equity in your home.


Why not have that equity work for you passively, rather than sit in your home. The videos mentioned in this months episode are below:

Secret to finding hidden money in your home https://youtu.be/DReN_lry5Z4


8 Jobs you should probably hire a professional for https://youtu.be/G0UpxnXEh-I


2 Mistakes most home sellers make https://youtu.be/0f8ms9Mb5Ls


Subscribe to our YouTube channel to keep up on all our latest videos

https://www.youtube.com/user/thedogg1?sub_confirmation=1


In this month's #DrinksWithDarin, we hope to shed a light on what you can do with any extra equity in your home, and how you can invest to help make your money work for you, passively. We didn't feature a drink this month, so tell us what your favourite drink is in our YouTube video comments! Enjoy the video, the stats are surprising! Join me for a drink?


The Germyn Group

Darin Germyn PREC* & Adam Howsam

604-542-2444 | homes@germyn.ca | www.germyn.ca


Transcript Below:

If you're like most homeowners out there

where you've owned your property


for a period of anywhere between 2

and 6 years, you've likely built up some


incredible equity in your property,

especially in the last 12 months.


Now the question is,

what should you do with all that equity?


So many of you reach out to me, interested

in getting into investment properties.


And there are so many reasons why this is


something that you will

want to seriously consider.


An investment property is an incredible

way to build your wealth, long term


and also set yourself up for financial

success later on in life.


Welcome to this month's

episode of #DrinksWithDarin.


Before we get into using the equity tied


up in your property, be sure to like

this video and subscribe to our channel.


So you do not miss out on any of our

videos, which we are posting on YouTube.


We talk all about how to make the most

of your buying or selling experience


or home ownership and are

releasing new videos each week.


And just like this one, you'll be glad

that you watched them and subscribed.


We know that you only get one chance

to either buy or sell your home.


So we're here to help

you get it right.


Now just a few days ago,

we released an ultra valuable video


on how to invest in real estate, using the

equity available in your current home.


You may be surprised to know how

much equity you have in your home.


And in that video we go over the average


gains in all property types, in the Fraser

Valley, in the last 3 and 5 years.


Here's a little bit of a spoiler alert.


The numbers are going to blow your mind!


So rather than reiterate what was

in that video, I've linked the video down


below where you can view

it anytime on YouTube.


Some of our latest videos,

which are also linked below,


include a very funny story on a home buyer

who I spoke with who wanted to buy a home


without the help of a professional as well

as the two biggest mistakes most home


sellers make, one of them is

surely going to surprise you.


Okay, so since many of you tuned in to get


the latest stats, we're going

to go over them in this video.


Going into September,

there was some air going


on in the market that it was

starting to get busy again.


Again.

I know, right?


While overall sales decreased compared

to August,


sales reached the second highest

levels for the month of September.


In the 100 year history

of our real estate board.


In September,

the board saw a decrease of new listings


of 33.4% compared to last year, but an

increase of 11.2% compared to last month.


The month ended with a total active


inventory of a 6.5% decrease

compared to last month.


This simply means that less homes

were available for people to buy.


Getting into the growth in the numbers

beginning with apartments in the last


month, we've seen apartments

come up by 1.2% in the Fraser Valley


and in the last 6 months an increase

of 8.4%. Moving into townhomes.


They are up 1.4% in the last month

and 13.3% in the last 6 months.


Lastly into detached homes up 1.9%

in the last month and in the last 6


months, 10.4%. Before I end this

short video today and let you go,


check out the video links below.


Be sure to check out our

new website as well.


We just launched it and would love to hear


any of the feedback

that you may have on it.


And while you're there,

be sure to pick up our free PDFs on either


maximizing your home's value by up to 5%

in only a weekend or the top 6 mistakes


home buyers make every time

and how to avoid them.


Thanks for watching this month's


#DrinkswithDarin, and we will

see you next month.


Take care.


Bye.


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