Hi I have a client who owns a small house in Summerland. It has been empty for awhile now and he is going to be doing renovations in the fall. It is the only property he owns as he lives with a friend in Vancouver. Because the Summerland house is his only property, can he claim the home...

I have been on the condo board for three years now at one of my condo's because I have wanted to get insuite laundry in my unit since I purchased it. The old board members were dinosaur like and not open to change. It did not pass at the AGM last year - I had to work and could NOT get it off...

I need to update the form to fax in showing the properties I have bought in the past year. Where do I find that form on the forum please? Thanks Kathi

I have saved all the MP3 interviews on my ipod and love listening to them. The ones that are in PDF format cannot be saved. When they are converted to MP3 the "save as" option is not available. I have tried using internet explorer and safari (as suggested on a previous thread) with no success...

Anyone interested in going to this course and splitting the cost? I believe it is in Edmonton. You can email me at [email protected] Thanks Kathi

Hi: My JV partner who put money toward a condo I owned has asked about documents for her taxes (asked for by her accountant). She has asked about the interest on the mortgage, rents, expenses, etc. The condo is in my name only. She came on as a partner after purchasing and we have a signed JV...

Can I get some feedback on this one - I am supposed to give the gal an answer by the weekend. 2 bedroom townhouse/1.5 bath. ARV is about $175k repairs about $5000. She wants what she owes on her line of credit - $170k. She paid $112k for the house but refinanced the line of credit to buy...

HI: Thanks to a fellow REIN member we have met a gal very interested in doing an agreement for sale on her townhouse (currently empty). She bought it for $115k in 2005 and the ARV is probably about $175,000. It needs about $3500 in repairs. The mortgage is on a line of credit with an interest...

Hi All: Just thought I would inquire as to who in REIN is planning to attend this course Feb 3 - 6. Thanks, Kathi

Hi: We have had an offer accepted on a buy and hold house in Vernon. It has a suite in great shape on the main floor, ready to put tenants in. The downstairs also has a suite which we will be renovating (updating) prior to the renting out. I want to be accurate in my ROI calculations as I have...

Hi All: I took my real estate lawyer out for lunch last week to talk about Agreements for Sale in BC. It is legal and done in this Province! He has done many throughout his career and has no problem with it. He does complete them somewhat different than what Ron talked about, and I will get...

Here is an option for those who can`t take Ron`s advise and let others do the yellow letters. I bought Staples "pastels" computer paper in the same shade as the yellow letters. I wrote my letter on white lined paper and photocopied it onto the Staples paper and it looks identical to our desired...

HI Barry: Can you give me the contact information for the BC REIN lawyer who is reviewing your documents for use in BC please? I have a great RE lawyer here in Vernon who I will be getting together with to give him the booklet of documents and get this started. However I would like to find out...

Hi All: I have an offer accepted on a completely redone downtown Kelowna condo. I have been meticulous in my cash flow analysis for five years, and completed much of the diligence. Satisfied with everything so far. For people who know Kelowna it is near Richter on Rowcliffe, behind the Kelowna...

Ok, I am not having luck with purchasing real estate! My first three have attempts have fallen through the cracks. This last one makes me so frustrated. Great townhouse complex, good location, completely remodeled unit from top to bottom, excellent below market price as the sellers were very...

HI: I have an offer in on a condo in Kelowna BC. It is 2 blocks from downtown and the city waterfront park and fairly close to the hospital. I completed the property analyser and came up with positive cash flow. I have been dealing with Peter Kinch`s team for a mortgage (great people by the...

Hi again!I would like to learn more about rent-to-own properties. Many REIN memebers have said this is a good way to do real estate investments. Interestingly, an email came to me this morning regarding a rent to own from another member so I thought this would be a good time to learn the pro`s...