I recently sold one of my investment units that I had owned for over 30 years. In this video I will explain the reasons I sold, and how the deal came together.
Thanks to all the viewers and commenters on all my videos. As a busy Realtor, I may not have the time to reply to all comments here. Some of your questions can be answered by watching the many videos I’ve posted on my channel. I will do my best to respond when I can. Appreciate everyone who is watching and commenting!
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OWEN BIGLAND
Bigland Realty Group
MACDONALD REALTY WESTMAR
c: 604.889.1118
e: owen@owenbigland.com
w: http://owenbigland.com
2018 – 2024 Medallion Club Member, Top 10% of Greater Vancouver Realtors
2018 – 2024 Macdonald Realty Westmar, Top Producer in Annual Sales
VANCOUVER BC HOMES & CONDOS
GREATER VANCOUVER BC REAL ESTATE FOR SALE
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@ah1122-o9u
Can I ask you a question ? Do you live in a condo or house? The reason I ask is because my husband is in your age, I am a little younger, So sometimes I think that we should move into a condo for the convinence. Thx
@diegofranciscoramirez5914
Congrats, how about the capital gains taxes?
@michaelbodea
Owen never retire
The game needs you now more than ever
@kathyd8896
Happy Birthday and congratulations 🎉
@johnnyboyvan
Congrats 👏 on your 60th. I too am 60. Best time of my life. I retired at 57 and am free.
@DummMoney-rr1fi
You know the market is crashing when Owen sells!!! I'm sure he's going to pump the cash into SPY!!
@SS-mz9oz
Congrats Owen on your 60th, you look fantastic. If I took a guess I would say you look no older than 47.
@faihui7868
Thanks for sharing. The largest share of real estate is owned by the boomer generation. Like you, many will be retiring in the next 10-15 years. Many will need to liquidate investments or potentially downsize. Do you think there will be glut to properties on the market as boomer exit the market? The (bell) curve is fairly symmetrical in the upward and downward direction for almost all things in human (economics, markets) or natural realms. That is, the same demographic factors that drove the market up will now work in reverse. This has happened in JP, HK, etc many other places with RE booms.
@benrabor6544
Happy birthday, Owen! Thank you for being honest professional and honest Man.
@mke9925
Slowing down at 60 is a good choice.
@bailey-k6b
You look incredible for … any age!!
@ellend9739
Hi Owen , don’t mind me asking but what would you suggest to do with the money that came out of your unit ? You had to of payed about 40% back to the government ? And would it not be better to have that guarantee income monthly? Too many questions perhaps but I am ten years older than you and my husband 5 more years on top of that ! Now we do have our investment units too ! And they are both down town ! I told you that before ! One in Regiment a one bedroom plus den and a big one , two bed two bath with large den with two bedrooms at the TV Towers ! For us it is the extra income but how long can we keep this up and also no more ? With other words , should we sell or hang on to it ? We are not getting younger ! Thank you Owen I hope in your semi retirement you keep your vlogs !
@G_Ellis606
Why sell? I thought RE in Van just goes up and up….
@dapperboy
It's just not worth the effort to be a landlord in BC. Rent barely covers mortgage and fees. The rules and regulations do not help landlords. If you have a problem tenant, you are screwed. I expect the trend will continue. There will be less rentals from mama and papas. People applaud when real estate developers are in financial trouble or no investors are purchasing. What they fail to realize is this trend will eventually cause a rental supply shortage. Where are renters going to find suites to rent if no investor invests?
@michaels452
Happy birthday Owen I retired at 60.5 with 2.2 million now at 62 with 2.8 million
@yipeng6239
You looks really good for 60
@may4u310
You do not look 60, I took you for late 40's early 50's