Hi Mario, I would advise against this and your lawyer will most likely do the same. You can add clauses in the AFS to prevent the seller from using the LOC, but they are really just a "slap on the wrist". You have no real way to protect yourself. If the seller uses some (or more than some)...

On February 9th I received an e-mail from a motivated seller (dubbed Mr.Fitzgerald, for the sake of this story) who found me via my website. After 3 months of reading the Ron LeGrand text books and listening to the audio CD`s I had developed a healthy appetite for my first deal. Prior to this...

Hi Jody, This is great, thanks! Travis QUOTE (workman @ May 31 2010, 08:45 AM) Hello everyone Here is the excel worksheet that some of you asked for. Hope it helps you. Good luck Jody Workman

Hi Barry, This form is clear and easy to understand. I`ll be using it in the future. And thank you. It has been an exciting, trying, and rewarding time since Ron LeGrand in October. Travis QUOTE (BarryMcGuire @ May 7 2010, 09:53 AM) Hi Travis, Donna and I have been working on some...

Hi Antay, This is exactly what I was looking for. Thanks. Travis QUOTE (antay @ Apr 27 2010, 08:42 PM) Hi Travis, In the past, when I sign a purchase contract, I usually add "and/or Nominee" in the "Buyer`s name". When I assign the contract, I use the "AREA Purchase Amendment" under the...

Good Evening, I have a signed AFS Financing Schedule + AREA Purchase contract. The AFS is not registered yet. I`ve been qualifying lease-option tenant buyers when a gentlemen asked if he could buy the place by way of AFS. I said, "great, I have control of this property by way of AFS and I`ll...

Thanks Thomas and Mark. Other than a couple of properties in the past I haven`t been following up. I`ve just left the door open. Great advice. I read your book, Mark, and found it extremely useful. The forms have come in handy too! Thanks. Travis.

Hi Thomas, I wrote him a couple offers and he didn`t accept. He needs to sell fast due to a personal financial bind. He wasn`t against seller financing but wants to get cashed out without going on MLS. Thanks, Travis QUOTE (ThomasBeyer @ Apr 15 2010, 10:28 PM) What is the reason to...

I have a lead. Trying to figure out what to offer so any help is appreciated. Exit strategy is Rent To Own. ARV: 320,000 Asking: 330,000 Mortgage: 256,000 Payment: 814.00 (bi-weekly) Current: Yes SO ~ 64k in equity. The seller is open to seller financing (AFS) and is motivated. What would...

Hi Antay, I hear ya, it can be a little tricky. The "cash out" date is structured to be the same as the term maturity of the underlying mortgage. The mortgage term is specified on your AFS Financing Schedule. That should suffice for your lawyer. If, at that date, your not "cashed out" you...

Hi Antay,I use a standard AREA contract and a seperate (one page) AFS Financing Schedule. I can see you use the AREA contract with the `built in` AFS Financing Schedule- in my opinion this is a little more complicated.I made the changes below to the best of my knowledge and highlighted them...

Your welcome Sherilyn! QUOTE (Sherilyn @ Apr 8 2010, 07:45 AM) Thank you so Much!

Hi David, Your welcome! I created the map using www.quickmaps.com . You can access the Edmonton Signage Bylaw from the municipal website. It may take a couple hours but probably worth it. You have a clear image of where you can advertise so you can plan accordingly- and stay out of trouble...

The Calgary Signage Bylaw can be confusing. So I made it visual and noted important restrictions. It may be helpful to keep in your car as your posting flyers/ posters/ bandit signs. Legend: Blue (ish): Prohibited Areas- No Signs Red (ish): Restricted Areas- Posters attached to poles or...

If your serious and want to realize success in creative real estate this workshop is mandatory. After attending Ron LeGrand I was off to the races... or so I thought. I soon found my first deal but prior to closing the sellers backed out. There is no way to know for sure but I`m certain it`s...

Hi Jim, I have created one. Send an e-mail to [email protected] and I can send it over. Travis QUOTE (Jim @ Dec 11 2009, 01:06 PM) Does anyone happen to have a short info sheet made up to provide to a seller if they ask how an agreement for sale works? Jim

Thanks Gary and Monte. I`m going to dive deeper on this one today and discover what terms the owner would be willing to work with. I can`t let this one go that easily, the development opportunity for this lot is great. Travis QUOTE (GaryMcGowan @ Dec 16 2009, 07:54 PM) I agree with Monte...

Facts: Mortgage of 690,000.00 Payments 3,600.00 She is 2 Payments late with the next one due on Dec.29 The property is zoned M-C1 with a 50*120 lot. Currently is a large 4 bed + basement suite home that formerly rented for 3300.00. Great location and value in the land. Appraised at...

Thanks Barry, That`s a great point and one that I didn`t think of. I now know the definition of a motivated seller and how it makes all the difference when negotiating a deal. At first this guy was reluctant to sign an AFS because he "wanted all of his money now", however, after talking to...

Hi REIN Members, I have a potential motivated vendor but I need advice on the exit strategy. Or if I should just walk away. The seller has agreed to an AFS for 390,000 with a 5 year term (appraised value 420,000 - need to confirm). He wants 15k down (which I would make with investor money...