QUOTE (ThomasBeyer @ Nov 4 2009, 05:50 PM) With an AfS you own the property beneficially .. you will treat it as your own .. fix it, pay taxes, rent it .. and your contract with seller will allow that !! Once you get a new mortgage .. or sell it you will then pay out seller !! However, this is...

QUOTE (BarryMcGuire @ Nov 4 2009, 07:27 PM) Hi there. I had a lengthy conversation with James Quigley yesterday. He says there isn`t an exact equivalent to the `Agreement for Sale` concept in Ontario. It gets a little confusing to discuss with your Ontario lawyers because the standard contract...

QUOTE (tonypeters @ Oct 8 2009, 05:33 PM) Limin, I will forward a copies of two scripts that I have been using for the past seven years. One is used by my staff to collect detailed information, and the other one is a watered down version for use by a call centre. I will forward to your e-mail...

Hi, I have a question based on one of Ron`s examples: Let`s say I buy Bob`s house by taking over his debt. It`s a $210K house (ARV) and he owes $175K. I take over his debt on an AFS and make his mortgage payments of $1,100 per month. With an AFS my understanding is that the deed stays in Bob`s...

QUOTE (tonypeters @ Oct 8 2009, 05:33 PM) Limin, I will forward a copies of two scripts that I have been using for the past seven years. One is used by my staff to collect detailed information, and the other one is a watered down version for use by a call centre. I will forward to your e-mail...

QUOTE (Dejavu @ Oct 23 2009, 11:46 AM) Hi Barry, I would like to take this opportunity to thank you for answering so many questions for us in Edmonton, it was very helpful and much appreciated. Following on Jody`s question, I was wandering if you heard back from James Quigley regarding the...

Hello, I`m looking for some information about Leduc. I live in Ottawa and buy exclusively in Edmonton, however while talking with my Edmonton-based mortgage broker yesterday, he recommended that I consider buying property in Leduc. He owns several properties there and recommends it highly...

QUOTE (DavidSandbrand @ Apr 1 2008, 03:49 PM) Hi Doris, You would just create a copy of Addendum A, call it Addendum B, and put the second property on it. Then both properties follow the same agreement terms. David. Thanks for your reply David. I presume that you would refer to both...

I have some JV partners (2 separate parties) who want to do multiple deals with me. We`re in the process of doing our first deals together and are using the REIN JV Agreement, but I`m wondering how to add future properties. Schedule A of the agreement lists the first property in question but...

Hello, I`ve just received a call from my property manager in Edmonton (I live in Ottawa) telling me that the woman who runs the condo board for a complex in which I own two townhouse condos is asking for the following payments: $50/condo fee for being an absentee landlord; and a deposit...