37 - Friday, April 4, 1986 ~ North Shore News -

1 AM constantly being
asked about those TV
shows where ‘experts’
are telling people how
they can be millionaires
in six months, and how
to buy real estate with
no money down.

By JAMIE JOHNSTON ‘.

Contributing Weiter

All 1 can say is that i just
doesn't happen. To make
money, you must create
value. For real estate that
means buying a property
‘with one use and converting
it (through construction,
zoning changes, etc.) to
another.
’ But, what about buying a
property with no money
-down? It is possible where
the owner is looking to .
-escape his existing debt
obligations. -
Suppose you find a
$100,000 house with no
~ money down. Are you rich?
Hardly. Your house will
probably rent:for $700-$800
per month, “plus you might .
be able to have the tenants sae.
pay all utilities. However, :
_ interests costs (at 11 per
cent) for financing, plus
property taxes will be over
° | $1,000 a month.
5 ‘ NEWS _ Tom Burley To be the proud owner of
CONSTRUCTION workers were busy last month building houses and putting in a sewer line, in the new Tempe area subdivision. : will cost you “over” $200
aaa _ . . month. :

may

do windows. __.
By geen months ago, ‘Richard Lenny: of North Varicouver
decided to be his own boss. He thought there might be.a

- need for someone who did-a very good job cleaning windows, at
a good rate, So he tried it. He*called the North Shore..News

The man who did -

: Our best'shots ean be yours | too.

An 8°x10” professional quality print of this photograph
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Classifieds, and his ad-visor helped him write his ad.

ow we've had the pleasure of seeing the creation and growth
N of a brand new business. Richard soon found the calls from .
his regular #¢ required more than his full-time service. So he hired
a part-time assistant. The calls are still coming in to his very suc-
cessful new business. To write your own Classified Success Story; os

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