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  1. MarkOnaba

    Hi Joe, I may have an opportunity to JV. Could you give me a call 780-618-7991 or shoot me an...

    Hi Joe, I may have an opportunity to JV. Could you give me a call 780-618-7991 or shoot me an email at [email protected]. Thanks Joe.
  2. MarkOnaba

    can I start investing with no money?!

    I've been investing in real estate for the last 11 years and from my "limited" experience there are SEVERAL scenarios that would allow you to get in without down payment. There are tons of resources on the REIN website and all over the internet that you can use... I've done a few creative deals...
  3. MarkOnaba

    100+ Rental Units & Counting!

    We just hit a HUGE milestone in our real estate career... (By "we" I mean my wife, Lara, and I) This past Friday, we closed on 2 small apartment buildings in Edmonton (purchased close to the new Rogers Place & ICE District), a total of 16 units that we purchased for $88,000/door! This...
  4. MarkOnaba

    JV vs property management

    On deals of this size... yes, 50% may be too rich! And I also agree that in a liquidity event, the investor should get all their capital back BEFORE the split (cash flow splits are a negotiation between the investor & expert, some investors don't need it and some do) However, keep in mind that...
  5. MarkOnaba

    JV vs property management

    Financing is a combination of debt and equity. Most mortgage brokers (that I know) help with the debt side of things. Financing strategies MIGHT not be a big deal on single family homes (mostly cookie cutter, 20% down and Bob's your uncle), but it is quite critical on the commercial side of...
  6. MarkOnaba

    JV vs property management

    I've learned from my limited experience that not all deals are created equal and the structure of a JV should be dependent on the type of deal. What I've seen is most people get caught up on what the ownership structure is and miss the true value of the "expert". The "expert", assuming they...
  7. MarkOnaba

    Property Management Recommendations in Regina/Moose Jaw

    Call Jason with Kodiak Property Management http://kodiakpropertymanagement.ca
  8. MarkOnaba

    Simultaneous Close... Advise needed.

    A Huge Thank You to everyone for the advice! The potential buyer did have the cash to close (no financing needed), so it would have been really easy to complete the transaction. Unfortunately, the buyer had second thoughts and decided to back out of the deal and build a new house instead. So...
  9. MarkOnaba

    Simultaneous Close... Advise needed.

    A couple of weeks ago, we (and 6 others) put an offer on a property that is owned by the bank (foreclosure). The bank chose our offer over the rest of them and we proceeded to get financing, complete the inspection and other due diligence. The property is worth well over what I purchased it...
  10. MarkOnaba

    Got our Shut Up Check!

    QUOTE (MonteDobson @ Mar 8 2010, 04:48 PM) PS. How did you find your potential tenant buyers?? We used kijiji
  11. MarkOnaba

    Got our Shut Up Check!

    My wife Lara and I are celebrating our first "quick turn" deal! And as Owen Shaw would say, we`re officially HOOKED on that Real Estate Crack! We are new to REIN and for the life of me I can`t figure out why it took us so long to join! Anyway, we are glad we joined when we did because we got to...
  12. MarkOnaba

    Yellow Letters in Small Towns......oh la la!

    QUOTE (MarkOnaba @ Nov 26 2009, 06:52 PM) Yup! However, I did speak to a realtor today (she`d called PatLive and left a message to call her back). She actually listened to what I had to say... compared to the last one I talked to. Apparently the yellow letters sound like I`m trying to buy houses...
  13. MarkOnaba

    Yellow Letters in Small Towns......oh la la!

    QUOTE (ToddStokowski @ Nov 26 2009, 02:34 PM) Hmm, and people are upset about getting that? Thanks TS Yup! However, I did speak to a realtor today (she`d called PatLive and left a message to call her back). She actually listened to what I had to say... compared to the last one I talked to...
  14. MarkOnaba

    Yellow Letters in Small Towns......oh la la!

    QUOTE (tonypeters @ Nov 25 2009, 07:37 PM) Mark, sounds like you are having some fun. Have you made plans to move yet? Ron did say it wouldn`t work where I live... Anyway, to make things even more exciting, we dropped another 200 letters in the mail! Thank God for PatLive!! So far we`ve...
  15. MarkOnaba

    Yellow Letters in Small Towns......oh la la!

    I did the yellow letter campaign in my small town. It was word for word Ron Le Grand`s. The results for leads (mostly suspects) were well over 50%. But, there is a problem. 1) someone thought this was the work of a scam artist and contacted the police who are now investigating to see if i am a...
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