Brett, you are correct in assuming that there is no equity in the home as there are layers of mortgages and loans and it is the 1st mortgage lender that is foreclosing. As far as they`re concerned as long as they get their money they don`t care what the other lenders get. I`ve been an investor...

My friends are about to loose their house as their bank decided to start foreclosure proceedings after one missed payment! This home is located in Harvest Hills in Calgary, built in 1989, city assessment was $408,500, 2 story, 3+2 brms with developed basement, 3.5 baths, 1802 sq.ft with 1000...

a fee while you go along (perhaps charged against your future earning .. usually called an asset management fee) If you charge an "asset management fee" what would a normal percentage be and where would the funds come from? Also how often would this fee be levied? Thanks for the great info.

We also have some rental properties in Lethbridge, let me know if I can help. Jana Sunpar Developments inc. 403 668-8883

Hazed recommended you use a lawyer even for the assignment fee, I would strongly recommend it as well and in fact would never give any money for a contract unless it went through a lawyer. I`ve had an experience, early in my investing years, where a contract did not go through but the assignment...

Good article in todays Herald Don. I do have a related question for you. You mentioned that AB RE is hot in Europe and the US. Where from the US are the buyers coming from and what are they looking for? Interesting to find out as well, was that even as far as Irland investors know about the AB...

Thanks for your response Grant! I wonder though if there is a way to make it happen, legally of course, for some one in my situation? Things that make you go hmmm

Hi Donna From one lady property investor/manager to another, : ) My strategy is to purchase newer properties, 10yrs or less, so I don`t have much problems/calls from tenants since I manage our local properties. Though when something goes wrong, I`ve hired handy man to go in and fix minor things...

Ronda, if you still have questions after reading the discussion Don recommended feel free to contact me and pick my brain as well. It`s not as intimidating as it may seem. Jana [email protected] www.sunpar.com

I`ve been investing in AB RE for number of years and we manage our own properties, locally anyways. I`ve had number of people ask if we could manage theirs as well. Can anyone manage properties, that are not their own, or does one have to be licensed to operate it legally? Thanks in advance Jana

Hi Sam, I had exactly the same thing happen to me last week most likely on the same free website. After my property rented and I pulled the ad off the site the Nigerian person actually posted my house picture with the same address but all the interior pictures were different, looked like Ikea...

Don, here is a question for you. I just spoke to a long term RE investor (20+yrs) and he said he`s thinking of liquidating all of his RE portfolio due to what is happening in the US, he feel that this will affect Canada by decrease in housing prices in the next year or 2. He feels that...

Hi Kevin Sounds like an interesting project you`re working on, I`d like to find out more. Feel free to call me at 668-8883. Thanks