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  1. clumsyn1nja

    First time renting basement

    I always do a social media search in addition to my usual due diligence too. You often find some things on there they might not want you to know. -Phil Wong Obsidian Real Estate Solutions www.obsidianres.com
  2. clumsyn1nja

    Landscaping in Edmonton

    Thanks for the recommendations everyone! Great help!
  3. clumsyn1nja

    Landscaping in Edmonton

    Hello All, I need some sod laid at one of my properties and I was wondering if anyone knows of anyone that does good work they can recommend. Thanks! Phil
  4. clumsyn1nja

    Opinion Needed for a Potential RTO Tenant in Alberta

    Yes, I have informed my Realtor who has some experience doing RTOs himself, to steer tenants towards properties that will cashflow on their own if all else fails. That's another thing I will be talking to my investor about. Thanks Sherilynn
  5. clumsyn1nja

    Opinion Needed for a Potential RTO Tenant in Alberta

    Well, I've been exchanging a few more email with the client and there must have been some miscommunication earlier but I was wrong about the 20% down. He's confident he can get 10% but 20 is a bit of a stretch. I'm trying to negotiate with him to either increase his initial option payment or...
  6. clumsyn1nja

    Opinion Needed for a Potential RTO Tenant in Alberta

    Hello Sherilynn and Thomas, Thank you for the feedback. I have a question that's I'm not clear on: If CMHC does not get involved in a high-ratio mortgage (so the tenant buyer has 20% down) in two years and he agrees to buy it at that price, does it matter that the price may not appraise to...
  7. clumsyn1nja

    Opinion Needed for a Potential RTO Tenant in Alberta

    Hello Everyone, I've recently acquired a new client wishing to do an RTO with me and as this is my first RTO deal, I was hoping I could get a second or fifth opinion on my prospect. My client went through a divorce several years back while he was in a lower paying job and his credit tanked...
  8. clumsyn1nja

    Creative Ideas needed for an RTO Deal

    Hello Thomas, I am making an assumption that in the event the seller is unwilling and the buyer himself doesn't know how to implement an AFS. I was thinking of charging the buyer 3.5% interest on $300,000 paid monthly on over 3 years which would net me about $31,500 in interest payments on top...
  9. clumsyn1nja

    Creative Ideas needed for an RTO Deal

    A concern that I have however, is what my course of action would be if my buyer, who is now living in the home, can no longer afford the monthly payments? Phil
  10. clumsyn1nja

    Creative Ideas needed for an RTO Deal

    Hello Thomas, Thank you for the reply. That's actually a very good idea. Based on what you've told me, this is my plan so please let me know what you think. 1) Say we enter into an agreement where I would buy the $300,000 property for 20% down so I put down $60,000. My client then does an...
  11. clumsyn1nja

    Creative Ideas needed for an RTO Deal

    Hello All, I recently had a client contact me to help him purchase a property. He is a self-employed carpenter and cannot be approved for a mortgage currently as his books have show that he makes less than he actually makes so it will take him a couple years to improve his verifiable income...
  12. clumsyn1nja

    Looking for Realtor in Airdrie, AB for RTO Deal

    Thanks for the recommendations everyone! Phil
  13. clumsyn1nja

    Looking for Realtor in Airdrie, AB for RTO Deal

    Hello Everyone, Does anyone have recommendations for a good Realtor in the Calgary area for an RTO deal that I'm putting together for a potential tenant-buyer of mine? I need someone to help my tenant-buyers look for and purchase a property as well as be my eyes and ears in the area as I'm...
  14. clumsyn1nja

    6 month Rapid Cashflow Program coming to BC!

    Darn. Well, I'll see what I can do. It's not the tuition or the flight but rather the difficulty getting time off of work. I'll see what I can do. Hopefully I will be able to see you there! Thanks, Phil
  15. clumsyn1nja

    6 month Rapid Cashflow Program coming to BC!

    Donna and Barry, Do you have any plans to hold a Rapid Cashflow program in Alberta in the near future?