Recent content by CraigSmith

  1. CraigSmith

    Thoughts on new mortgage rules that were announced?

    You must have an accepted offer by Oct 16, 2016 to take advantage of the old ruling. The application date to be approved by CMHC or Genworth through your lender can be after the 16th. The possession date can be at a later date but check with your lender as to how long you have to close if you...
  2. CraigSmith

    Town house or detached home for investing?

    I own both single family with up/down suites and condos and my experience has been that a lot more money goes into fixing up a single family home over time. Like Thomas said above I find the condo's easy to manage and rent out. The single family homes have more turnover like Matt mentioned which...
  3. CraigSmith

    Meeting Recordings, Where Are They?

    Hi Perry, When you go to www.reincanada.com, first sign into the back end with the same email and password as myreinspace and then click on "Knowledge Vault". The meeting downloads are there.
  4. CraigSmith

    "Think First When Buying, Selling, Building or Investing in Real Estate"

    "Think First When Buying, Selling, Building or Investing in Real Estate"
  5. CraigSmith

    What are you getting for rent in Calgary?

    Hi Daryl, do your rents cover any utilities or do the tenants pay? Thanks Craig
  6. CraigSmith

    What are you getting for rent in Calgary?

    Hi Everyone, I am curious as to what other members are getting for rents these days in Calgary as oil prices have been putting downward pressures on rents. It could be the rents of your own properties or other people's property that you know the numbers on. I will share 3 properties below to...
  7. CraigSmith

    Investor minded lawyer and realtor in calgary

    Hi Brad, I am a Realtor with RE/MAX here in Calgary. I attended my first ACRE in 2007 and have been a REIN member since early 2009. I am an active Real Estate investor and happy to answer any questions you may have to help you get started. Craig Smith 403-200-4312 craigs@remax.net For...
  8. CraigSmith

    My great Rent to Own couple (tenants) split up?

    I have great RTO tenants who were a couple but have recently split up. (She) is living in the house in BC and (he) runs a company in Alberta and (he) is also the strength of the deal. (He) has good credit and money but just loved the house so went through with the Rent to Own so I could build...
  9. CraigSmith

    critical forms are hard to find

    This is not a complaint but rather constructive feedback:) Each time I go to myreinspace and try and find the critical form section I always get lost. It takes me 10 minutes to find them each time as there is not a direct link. Why not put a link at the top of the page or allow us to favorite...
  10. CraigSmith

    Meetings in Kelowna or Vernon?

    I am curious to know if anyone is meeting in Kelowna or Vernon for discussion groups or mastermind groups and if so if there is any room for one more. Craig
  11. CraigSmith

    tenant wants to break lease

    Thanks for the replies, My rental is in Vernon BC and my tenant wants to move to Alberta. There are alot of places for rent on the market right now and alot of full houses for rent for cheap because people cannot carry a mortgage right now without work so I am forced to drop my rental price...
  12. CraigSmith

    tenant wants to break lease

    Can a tenant break a lease to move for work? Since my tenant was wanting to break the lease 3 months early I suggested that I would be ok with that but it would cost him $600 out of his damage deposit to cover expenses as well as a lower priced rental market and to also cover some of the...
  13. CraigSmith

    Found cashflow in Kelowna

    I found a great cashflowing property in Kelowna since prices have come down so much lately. It has a great location to attract college tenants but there is a staggering amount of rentals on the market right now due to the state of the economy. Is this a good or a bad idea? If I am confident I...
  14. CraigSmith

    How does a JV work with both parties on title if one party defaults on a personal residence or other property

    Great advice guys. I will continue my due diligence along those lines. craig
  15. CraigSmith

    How does a JV work with both parties on title if one party defaults on a personal residence or other property

    Hi everyone, I have been reading all the posts here for some time now and it is such great help and advice!! My question is if I get involved in a joint venture with someone that has another property of their own; am I at risk of losing the JV property if that someone defaults on their other...