QUOTE (CanadianMortgageTeam @ Aug 5 2009, 09:44 AM) Like any other property - foreclosures should be listed and sold for fair market value which is typically determined via an appraisal or from a realtor, based on what similar comparable properties have recently sold for. One of the biggest...

Well I attended one of the webnet seminars. In fact (I won`t mention any names here), one of the guys in the room, promoting webnet, stood up with Don`s book - REal Estate investing and indicated that he was closely connected with Don, and that this was a great investment and he had done his...

why woul the selling realtor be entitled to anything, the deal fell through, an offer was made - rejected by the seller - the listing taken off the market, there is no contract in place - i am just trying to understand why...can you explain further...if he waited 90 days vs 60 days does that...

I have a question Thomas, is it realistic to be able to get a property at almost half price. I don`t know, because I can`t even find a realtor who would be interested in putting in those types of offers. We are considering a property listed at 379,900, now my question is, where would you start...

Hi Neil, The best way to insure your property is to find a good broker who you are comfortable with. Insurance prices tend to be like a roller coaster, where a company can be the highest at one time in the market place, and the lowest 6 months later. Over price, I would ask around. Don`t...

All companies have the same basic coverage - your kidding yourself if you think one is significantly better than another - most of the policy wordings are standard. Anyways, the hoops you have to jump through to get there can vary - based on the knowledge of your broker - find someone who is...

What we found in our process was that we pushed our mortgage people pretty hard to do the deal. We have decided if we can`t get the terms we want, we are just going to walk away from it. I know when we had our property listed for sale the buyer asked for an extra 7 days, we gave 14. We want...

i would encourage the tenant to get insurance, many think your policy covers them, make sure they are aware that they have to buy there own coverage. I do know of a situation where the landlord paid for the insurance policy out of the rent to make sure it was always in force. If you are...

Hey John, It might be over, but then again it might not......I think many developers use this strategy to get the vendor interested, and maybe even out looking for new homes....good job at keeping a level head. If they really want your property they will come to you with an offer, and often...

Interesting today on the radio I heard that another agency (sorry can`t recall - just waking up) indicated they felt prices in Saskatchewan were probably over inflated by 50%, 10% in Calgary, and I believe it was 30 to 35% on Vancouver Island. So I guess if money sense is right, and you may...

John make sure you keep a level head here. Many people think that a developer will offer an amazing deal, and he may depending on how bad he wants your property, but if it works out cheaper for him to dig down than acquiring the 2 lots, you might be surprised. The other point here is the...

I agree talk to your insurance agent. You also want coverage in the event that your tenant does something that might cause you to be legally liable. Ask your broker to give you some examples where this coverage was applicable, or in cases where it is not applicable. It is best to know both...

I would look at how well the property is looked after. If it is immaculate and the property cashflows then I would consider not rocking the boat. However, I would look at market rents in the area, so you are fully aware of how much you are giving up. Also, if they are not doing a good job of...

Is this not in violation fo the privacy Act in Alberta. I think the Banker better be careful who this information is released to because without consent, I would think his bank is gearing up for some large fines and disciplinary action, if discovered and reported. Further, the $10,000 is a...

Dianne, I don`t know if this helps any, but the condo we are in the process of buying in Calgary is taken cae of by Condominium First Management Services Ltd - this is a building in Rocky Ridge - 3 buildings 262 units. I can tell you they have been great in dealing with our questions...

QUOTE (thomasbeyer2000 @ Jul 9 2008, 11:17 PM) brilliant ! Thank you - that is very helpful and a great reminder of the golden rule, Like Thomas always says, if you wouldn`t live there don`t expect anyone else to..

QUOTE (jackiechandc @ Jul 9 2008, 10:42 AM) Hi everyone, This is my first post as I`m a total newbie in the real estate game. I`ve recently bought a condo unit in Toronto for a long term investment as I would like to rent it out eventually. I`m probably going to get a locker for the unit...

QUOTE (Rascal @ May 19 2008, 12:56 PM) Is anyone investing in Drumheller? Any information that you could give me on the market there would be helpful. Thanks. HI , We don`t have any advice specifics, but we do go out once a year, many more new hotels, and stores going up. Also, there are a...

QUOTE (thomasbeyer2000 @ May 4 2008, 02:17 PM) ON, SK, some smaller AB and BC towns .. make sure though the town is not going away as some BC forest towns are .. hard to find in large cities like Red Deer, Edmonton, Toronto, Vancouver ... but maybe in sub-urbs like Camrose, Burnaby ... Thanks...

QUOTE (nepoez @ Jun 17 2008, 08:56 AM) Hi All, I just want to throw in another question. If I only purchase apartments and town houses what kind of policy should I obtain? If you purchase the entire apartment you would be looking at commercial insurance. If you are buying individual...