QUOTE (terryaris @ Apr 27 2009, 02:17 PM) I have a renter complaining about bed bugs. These bugs have not bit him, but he says they have infested his bed. Can anyone help with the following: 1. How can we identify them? 2. How can we control them? 3. Whose responsibilty is it. Interesting...

Hi all, It looked like about 250 people have viewed this thread, which makes me feel good as there will be that fewer people who will make my mistake, which was my intent. Several interesting tips and cautions were made by various contributors and we`ll all benefit from that as well. A big...

Hi All, Thanks for all your comments. They have been informative and points out area where my due diligence has been lacking and thanks to the contributions from all who posted on this thread, I and other members will be more diligent with our due diligence, which is my intent when I posted...

QUOTE (greg12 @ Jan 8 2009, 12:58 AM) These two lawyers also do JV`sMark Warkentin(REIN Member & Real Estate Lawyer) - (604) 850-6640 Lower Mainland& Fraser Valley Aaron Salter (REIN Member and Real Estate Lawyer) (604) 850-6640 Lower Mainland Fraser Valley Hi Greg, Thanks for the contact...

QUOTE (thomasbeyer2000 @ Jan 7 2009, 09:46 PM) any lawyer`s job is to advise HIS/HER client on the issues & risks. His/her job is to point out the issues .. the judgement of the relevance of these issues is up the investor. What SPECIFIC CLAUSES did he/she not like ? Be specific and talk...

Hi All, Here is a landmine that I stumbled on. Thought I should share it. We completed on a property mid last November and I when didn`t get the final statement of adjustment by December, I requested a copy so I can see where all the money went. Everything looked fine except there was no...

Hi All, My potential JV partner went to a lawyer for independent legal council but unfortunately was advised the jv partnership agreement was not fair enough in his opinion for her to participate in. The JV agreement is pretty much the standard one Barry McGuire posted as a template with a few...

QUOTE (joe123 @ Dec 4 2008, 12:42 AM) Remax says... Regina up 9% for 2009, Saskatoon up 2%, Edmonton and Calgary 0%.... argh... Why did I ever invest in Alberta.... My residense in Edmonton plummited 25% to 460k Terwilligar), I can`t even replace it in Saskatoon for less than 560k(stonebridge)...

QUOTE (thomasbeyer2000 @ Oct 16 2008, 02:22 PM) "need" vs. "deserve" vs. "likes" vs. "is able to get" vs. "negotiated" .. In life you usually do not get what you deserve but what you negotiate ! related post on win/win and "50/50 .. is this fair?" here...

QUOTE (thomasbeyer2000 @ Oct 16 2008, 11:02 AM) close except: I did NOT say $1/share !! I daid: one share for each $ invested !!! usually the money comes in as a shareholder loan, say $100,000. Then you issue 100,000 shares for $10 total. Thus, the first $100,000 OUT of the company are tax free...

QUOTE (thomasbeyer2000 @ Oct 15 2008, 05:59 PM) try option f: legal contract plus a corporation that has 2 classes of shares: 100 A voting shares that YOU own and control, and one B non-voting share for each $ invested, say 100,000. The bank usually requires the person that controls the...

QUOTE (investmart @ Oct 14 2008, 10:08 PM) Hi Twong, Do you plan to purchase it under your existing corporation (if you have one) or set up a new corporation for the purchase with the jv partner, although implementing option C. from Mr Beyer`s list means just a legal contract? I`m curious to...

QUOTE (investmart @ Oct 14 2008, 10:08 PM) Hi Twong, Do you plan to purchase it under your existing corporation (if you have one) or set up a new corporation for the purchase with the jv partner, although implementing option C. from Mr Beyer`s list means just a legal contract? I`m curious to...

QUOTE (thomasbeyer2000 @ Oct 14 2008, 01:40 PM) various levels of "security" exist: a) a handshake b) a sketch on a piece of paper, like a napkin c) a legal contract d) legal contract + a notice on title (i.e. a caveat) e) legal contract + a 2nd (or 3rd or 4th) mortgage f) legal contract +...

Hi All, We are on our second purchase as real estate investors so we are on a really steep learning curve. its been fun, inspite of Don`s advice to keep real estate investing boring. We are in the process of purching a 20 suiter, have used up most of our personal money and is being offered...