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  1. Luke_Frerichs

    *** Sandwich Lease with a Tenant/Buyer.. Few Questions? ***

    Hello, In the situation where you are placing a Tenant/Buyer into a property where you are not on TITLE, because you have a Lease Option with the Seller with the intent of going out and finding a Tenant/Buyer for his property. (Sandwich Lease) What exact steps does an investor...
  2. Luke_Frerichs

    Just closed on a 36 unit building in Calgary

    Awesome Brett, Great Job.
  3. Luke_Frerichs

    Cash Out RTO Strategy...Any thoughts?

    Thanks for all the feedback. As investors we see many deals where the equity is far to less to act. This strategy allows you to cash in on those deals. Providing you have a steady stream of T/B's and and excellent system etc.. As Brett Turner mentioned a PM license may be required. (Which...
  4. Luke_Frerichs

    Cash Out RTO Strategy...Any thoughts?

    Basically you find a disgruntled Home Owner (Joe Seller) who can`t seem to sell his house. You contact him and tell him about how you can find a Rent-To-Own Tenant for him. All Joe must do is give you an option to buy his house 3 years from now for 200k. Initial Option Deposit of 10k and...
  5. Luke_Frerichs

    Managing Other People`s Real Estate Without a License? Few Questions...

    Half-way through the Intro to Real Estate Course towards getting licensed in Alberta. Try'ed to reach Landlord Rescue and received no response. Operating this model in Alberta without a license is a deck of cards. Better to be licensed and do the same thing without risk of the hammer swinging...
  6. Luke_Frerichs

    Managing Other People`s Real Estate Without a License? Few Questions...

    Thanks for the help guys, I'm glad I made this post.. Cheers
  7. Luke_Frerichs

    Managing Other People`s Real Estate Without a License? Few Questions...

    Hello, I have a good friend who owns a decent portfolio of properties and he wants to know if I would be interested in managing his properties. I have done some research into this and since I am not a licensed real estate broker I would be classified as a manager by way of association...
  8. Luke_Frerichs

    Helping a Friend RTO some properties. Need Advice.

    Thanks Dan, I have a great Option Agreement to do the trick and i will be sure to call it an assignment fee.. I was thinking of calling it a Tenant Locator Fee but then again i am not licensed to find tenants for properties i don't own.. Can you touch on how much you charge to assign the...
  9. Luke_Frerichs

    Helping a Friend RTO some properties. Need Advice.

    Hello everyone, I have friend who has some single family homes he is looking to sell them via RTO. He has come to me and asked me to help him RTO his properties because of my experience with this strategy. Basically, i would market this to my list of RTO buyers and list his properties on my...
  10. Luke_Frerichs

    Quick-Turn Seller Pre-screening Tips

    Hi Tony, If you could pass on your scripts to me it would be very much appreciated. [email protected] Best Regards Luke
  11. Luke_Frerichs

    Selling Your Leads to Mortgage Brokers and Realtors etc

    Thanks everyone for your feedback Aaron, you make a good point thanks.. I'm always looking for ways to maintain better relationships especially with my Realtors. I don't mean selling leads to just Realtors, but many times you find out about a major painting job or landscaping job, etc.. I...
  12. Luke_Frerichs

    Selling Your Leads to Mortgage Brokers and Realtors etc

    I was going through some old notes i made from the Quick Turn Event last October in Toronto and i was just wondering has anyone created a system around selling Leads to such professionals.. We are dealing with Buyers and Sellers on a constant basis where 95% of them don't pann out. Why not make...
  13. Luke_Frerichs

    Expired Builders Lien, How To Handle?

    Thanks Thomas, I guess that would be my only route to take.
  14. Luke_Frerichs

    My First Ontario Quick Turn Deal!

    Congrats, Ben Job well done.. Thanks for sharing. Happy Investing Luke
  15. Luke_Frerichs

    Expired Builders Lien, How To Handle?

    Hello, If I came across a property, pulled title on it and saw there is a Builders Lien on it for$15,000 and it is passed its expiry date. So in other words if I was to buy then a few days after closing I could wipe it off my title pocketing 15K. Really my intentions for this property...
  16. Luke_Frerichs

    Tips to Offset Sellers Debt in AFS

    Hi, All In the case of a seller entering into a Agreement For Sale. Which banks have you found are more lenient to accepting the buyers payments in a AFS as income to offset the sellers debt load so he can go out and qualify to buy a new house? Any good tips on how to make this work with...
  17. Luke_Frerichs

    Documents ready with Barry McGuire

    If you can't make the actual event, you can buy the Home Study course of the event itself.
  18. Luke_Frerichs

    Protecting My Exit better in my Agreement For Sale?

    Thanks, Andrea and Thomas Andrea, When you sit your TB down with your mortgage broker to develop a plan they can follow to later qualify do you design a fee around this by any chance?
  19. Luke_Frerichs

    Protecting My Exit better in my Agreement For Sale?

    Hello, In a buyer type situation using an Agreement for Sale with the intent of placing Tenant Buyer into the property. I have a few questions with protecting myself better through my exit out of the property years down the road. Upon the exit of such a deal say my Seller`s term is...
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