Thanks Greg! I've met the tenant a few times already and seems to be a decent guy. I'll try the open conversational approach you suggest and see where it gets me. Also, the standard P&S Agreement states that "vacant" possession will be given to the buyer on our closing date. I don't think...

Hey everyone, I have an opportunity to buy a nice 3bd 2bth detached house in Cambridge for $70,000 less than appraised value ($340,000 current appraisal, signed contract for $270,000). It's in great condition and only requires some fairly minor renovations to really make it shine. Paint...

Further to Greg's comment, I would not go by just their credit score alone. Their credit and employment history will also be major factors in getting approved for a mortgage. If you trust your gut that they have excellent prospects of being fully employed with high enough incomes in the next...

I thought I'd weigh in again on this one... I've been using Peter Cass exclusively for more than a year now and have transacted on seven deals with him representing me, two of which were Agreements for Sale, two Assignments, one private loan cash purchase with a later refinance, and two...

Hi all, I'd just like to let everyone know that the monthly meetings for the KWC Investors Group are being relocated to the Milton area until further notice. We are doing this in an attempt to amalgamate all interested attendees into one location, and to create a larger group that will...

Hi everyone, Life has been getting a lot busier for me recently, and as a result, I've found it a challenge to plan, organize and commit to a schedule for our KWC Investor Group meetings. My apologies to all of you who were probably wondering what had happened to our monthly get togethers...

Hi Jon, It varies. There's usually between 8 and 12 people there, and there are almost always new faces each month. It's always very casual - just chatting and sharing tips and strategies over drinks and munchies. We usually break into two or three separate conversations, depending on what...

Hi everyone, Spring is almost here! I've scheduled the March meeting of the KWC Investors Group for next Tuesday. Come on out and meet like minded investors who are active (or are looking to be active) in Kitchener Waterloo and Cambridge real estate. New attendees are always welcome...

Hi Bruno, You are not alone in your frustration! This is most definitely an ultra-niche market we're catering to, and in many respects we are pioneers in doing the Ron LeGrand style Quick Turn method in Ontario. Because we are the first, it means we'll be the ones making the mistakes...

Adam, I see what you're getting at, however, can you really compare a fairly standardized profession with a specialized service that few others offer or understand? I mean no disrespect to a PM - they can be a valuable component to an investor's power team - but it's not like my sellers had a...

Hey Brett, You're absolutely right about how the LeGrand method is marketed. But let's get some perspective here. The REIN system is also marketed as WIN/WIN because we're providing a valuable service to renters everywhere. Could we abuse the system and turn it into a win/lose? Without a...

Hi Adam, I appreciate your desire to debate the ethics of such a transaction, and I think it does warrant healthy debate as the Ron LeGrand style quick turn strategy is often misunderstood as being a win-lose system. I would be more than happy to defend my views on the subject, however this...

Hey Adam, I'm not sure this is the place for debates on ethics. I believe everything I've done in this deal is ethical, and I've given you a lengthy rationale in a private email. Thanks for your input, and best regards,

Hi everyone, In case anyone is still skeptical or unsure as to whether the Ron LeGrand 'Quick Turn' method is viable in Ontario, I'd like to share the details of my first successful Quick Turn experience. This might be a bit verbose, but I'll share some of the finer details for those who...

Hi everyone, I've scheduled the February meeting of the KWC Investors Group for next Tuesday. If you've never attended, it's a great way to meet like minded investors who are active in Kitchener Waterloo and Cambridge real estate. Come on out and share stories and strategies over some coffee...