Posted by Geoff on April 30, 2002 at 17:20:00:
Just a note on the leaky condos in Vancouver. Things to watch for are stucco exteriors. It doesn’t breathe well in the moisture we have here. Also look for how much of an overhang there is. Most leaky condos don’t have much of one. Lastly, most people don’t know that the very same problem affects detatched houses as well. Single home owners don’t have the resources that condo associations have, it is not mainstream knowledge. So don’t think this problem is limited to condos. Ask for guarantees or include subject to’s in your offers for newer houses.
As for clubs I to have been looking for something in the Vancouver area. R.I.N.G (Real Estate Investors Networking Group) is the only organization I am aware of but I understand it disbanded in the wake of the Eron Mortgage fiasco. I have received a few emails from people who are interested in forming a club. if others are interested, please let me know.