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All Forum Posts by: Aaron Xie

Aaron Xie has started 55 posts and replied 136 times.

Post: Which rental property insurance company do you use?

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

Thanks, @Ryan Mullin, I will for sure reach out to @Derek Lacy

Post: Which rental property insurance company do you use?

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

I am about to renew my rental property insurance, and any recommendation will be appreciated. 

Post: Do you know any good real estate accountant?

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

Just curious, what does a real estate accountant do? I all my real estate transactions, I never used an accountant... 

Post: Buy rental property in canada

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

I never buy condos, due to high HOA fees and slow appreciation...

Post: Recommendation of property manager in South Burnaby, BC

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

Still looking for recommendations....

Post: $135.03 to repair mailbox post that was loose

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

@Sam Lucio They replaced the whole mailbox post, so I think it's a reasonable price and did not argue with my PM. 

Post: Mortgage gets approved without title insurance in BC Canada!

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

@Roy N. I won't be surprised, as even banks/lenders don't need title insurance for mortgages to get approved!

Post: Mortgage gets approved without title insurance in BC Canada!

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

Thanks, @Roy N., I am kind of expecting your input...

Do you mean that title insurance in Canada covers fewer cases than in the US?

Post: Mortgage gets approved without title insurance in BC Canada!

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13
I am shocked to hear that. I have never seen the finance on a real estate transaction getting approved without title insurance. What if there is a lien or debt on the property! Though the agent, the bank and the lawyer all claimed the they have done the title search and checked with the city, but I think this is just too risky. Should I insist on buying the title insurance? This is in Great vancouver in BC, Canada.

Post: How much net worth (equity) do you need to retire?

Aaron XiePosted
  • Investor
  • Southern California
  • Posts 155
  • Votes 13

I have read several BPers who wrote that they moved to the real estate industry because they wanted to retire early. I am just curious how much net worth (equity) would you be satisfied or feel safe enough to retire?