That's really helpful. I took one of the excel grids from the REIN forms, modified it and have been plugging the numbers to have a clear sense of what I need to allow for. I'm very actively looking to flip property in the Langley/Surrey area of Greater Vancouver at the moment. My wife and I...

Wade, when all was said and done would you be comfortable sharing some of the numbers for this project. Purchase price, holding costs, reno costs, transaction expenses, final sale, etc. Hope you did well in the end. Jonathan

Am I understanding correctly? You are saying that unless the gross rents are at least 12% of the purchase price, it's not a good deal? If so, is it even possible to find a "good deal" in areas like the Fraser Valley, (Surrey, Abbotsford) Edmonton, Calgary etc. In Surrey or Abbotsford I...

Russell, I saw the VendorMotivationChecklist a while ago, but couldn't find it again. Both these are great resources. Thanks for the links. I'll have a listen to the MP3 this afternoon.

I am currently working on creating a system that would make it easier to find and qualify motivated sellers. I've been with REIN for a while now and gotten feedback from some of you in terms of how you go about qualifying motivated vendors. However I would really like to know what other REIN...

I know there are a lot of great Realtors who may be able to give you a sense of the property value for free. But I concur with Nathan that an Appraiser will provide solid unbiased feedback. If you are going to get a Realtor to give you some comps, you will want to make sure they are truly...