Recent content by BarryMcGuire

  1. BarryMcGuire

    AFS question?

    The reason we have this clause in the schedule is mostly aimed at what we call 'low equity/no equity AFS'. In fact, in most of the AFS deals we see, the seller has very little equity. With no equity, the seller has little motivation to be ready, willing and available to sign transfer...
  2. BarryMcGuire

    Have Creative Strategies, will travel!

    We're getting very excited about our third Rapid Cash Program, kicking off September 25-27, in beautiful British Columbia. One question I get all the time is, "Barry, I'm from Ontario/Alberta/Saskatchewan. Is your BC program only for BC? Or does it apply in other provinces?" The answer is...
  3. BarryMcGuire

    Agreement For Sale vs. Vendor Take Back Mortgage (VTB)

    I read this thread with great interest. Comments as follows: 1. I agree that AFS is not suitable for land development deals and all my experience comes on the residential or commercial side. 2. It is a less known and more complicated strategy so we do not recommend it for any new investors. We...
  4. BarryMcGuire

    A New Legal Approach to Joint Ventures

    Hi folks, from my point of view the threads here on myreinspace.com discussing joint ventures (JVs) are not only very interesting but extremely topical. One particular thread started out with the question, `Has anyone had any challenges justifying the additional $1,500-2,500 expense of creating...
  5. BarryMcGuire

    Condominium diligence

    Great column by Robert Noce, QC, in Edmonton Journal on Saturday, May 11. All about condos... All about 'THE BASICS' of condo ownership. Read, and read twice! There is a question from someone who bought a condominiumized semi-detached property (duplex). Two years later, they discover...
  6. BarryMcGuire

    Condo diligence

    Well, it's ACRE weekend and Russell Westcott and I have cooked up a great diligence presentation. Here's why diligence is important. A member is looking at a condo and had the condominium documents reviewed. That review revealed that NEITHER the management company nor the condominium...
  7. BarryMcGuire

    Suing your Strata Developer in BC

    Apartment buildings converted into strata/condominium titles provide fertile ground for litigation. Complaints often revolve around misrepresentation often with respect to the state of repair or reserve funds. Individuals often find it difficult to sue for many reasons. The recent BC Court...
  8. BarryMcGuire

    Thinking about a tax shelter? Think again!

    `If it seems too good to be true`` is the title of a column by tax expert Jamie Golombek. Jamie's column is yet another reminder to all of us that the Canada Revenue Agency (CRA) is death on questionable charitable tax shelters. Essentially, if a tax shelter promoter says you will get a tax...
  9. BarryMcGuire

    Important Update for our Deal-Ready Documents Focus Workshop Grads!

    Hey folks, we've just done a great new supplement to our Home Study Kit. If you've attended our Deal-Ready Documents Focus Workshop, or purchased our Home Study Kit, please stop by our booth at the ACRE event this weekend. We've got an add-on that includes 3 different Lease-Options used...
  10. BarryMcGuire

    Squatter`s Rights

    New Blog Post: We've all heard this expression, and we kind of understand it. Someone occupies or 'squats' on someone else's property and somehow, in some way, in some amount of time, the `squatter` obtains some kind of legal rights. But, that's an ancient law, right? It probably...
  11. BarryMcGuire

    CRA allows you to use RRSP money to buy investment property.

    Here's what Mr. RRSP, Valden Palm, had to say about the new ruling: I think it is HUGE!! It puts more control of people's retirement future in their hands. It unlocks potentially hundreds of thousands of dollars in unperfoming or underperforming in one's portfolio and allows you to set up...
  12. BarryMcGuire

    CRA allows you to use RRSP money to buy investment property.

    Hello all, this is a very quick note to let you know about a recent CRA Ruling that says you can use your RRSP to buy investment property! Not only that, you can deduct the interest expense! I've posted more about this on my website, click here. So, what do you think? Will this change the...
  13. BarryMcGuire

    New Signature Specifications

    I had trouble changing my signature using my Chrome browser... okay, actually my sweetie-pie Donna did. But she made the changes in Internet Explorer, and it looks like they took. Hope this helps, Barry
  14. BarryMcGuire

    Deal-Ready Documents Focus Workshop - Present Quickturn deals with confidence and clarity!

    Ok, folks, we've got just two spaces left! And remember, you don't just get me teaching you all I possibly can! You get some great investor brains sharing their insights at our Focus Workshop! Wade Fenner on The Perfect Rent To Own Unit, Chris Davies on Don't Miss Method of Finding...
  15. BarryMcGuire

    Looking for a Grande Prairie lawyer ... like me!

    Okay, Grande Prairie investors, I need your help! I'm looking at my list of lawyers who do creative real estate deals - Agreement For Sale, Options, Lease-Options (Rent to Own), and I don't have anyone in the Grande Prairie area... Who do you know who works creative real estate...