Hello fellow REIN members, I have a motivated seller wants to sell his property in Hanna, AB. Info from seller: Market value: 105K mortgage: 95K vacant Let me know if you're interested and I'll forward you the seller contact info. Hanna

This is not a great deal, but if I can get a tenant/buyer for it before I buy it, I would definitely go for it. First of all, put it under contract with a $10 deposit, include in the contract a 4-week condition that you'll find a suitable tenant for the property. You just give yourself an...

Hi fellow REIN members, I have a lead in ON that came to my website. Seller is behind 1 month mortgage. Home Style: split 4 upper levels, 2 basement levels, 1 side of semi Storeys/Floors: 6? Year built: 1976 (guess) Bedrooms: 4 Bathrooms: 1.5 Square Footage: 1600 (guess) Central Air...

Thanks for your advice Mark, Garry. We're in Calgary, AB. Hanna

Hello fellow REIN members, I almost had to evict a rent-to-own tenant and contacted a guy that usually do the eviction paperwork for me to evict tenants. However, he said he doesn't do rent-to-own eviction as it is different and more complicated and referred me to what I think is a...

Hi, I followed the bylaw that is layed out when putting up the signs. I did get calls from police but when I asked him to site the by law I broke, and never heard from him again. The City of Calgary laid out the bylaw where not to put the signs and if you do, you have to follow the rules. If...

QUOTE (travis @ Apr 27 2010, 06:26 PM) 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 by the place by way of AFS. I said, "great, I have control of...

QUOTE (GordonDaniel @ Apr 27 2010, 12:56 PM) Hello All, I just spoke with a potential tenant buyer who asked if he could use his RRSP`s as an Option "deposit". If I understand correctly, you can use your RRSP`s as down payment for your personal residence and not be taxed on them, as long as...

QUOTE (MKBridge @ Apr 27 2010, 07:31 AM) 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 Actually, it`s in Calgary.

Hi Quickturn graduates, I am starting this thread to gather a list of lawyers and mortgage brokers in each area of the country that would do AFS deals for us. This way, we can provide our sellers of the list of lawyers/brokers that they can use to ask questions or close the deals for us. This...

QUOTE (travis @ Apr 8 2010, 12:05 PM) 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...

Hi Gurus,I have a situation here where the seller is willing to sell for what she owes.Fictatious number: Say her mortgage info is:400000 Mortgage balanceRBC4%Monthly PI 1902.07Amortize 30 yearsMature May 31, 2011Let`s say I want the paperwork done by April 30, 2010 and that she will be paying...

QUOTE (CarrieKoch @ Feb 25 2010, 09:46 PM) Hey Antay, I`m working on an option now. I`m wondering...what did you use for your legal paperwork on the option and did you find a lawyer to work with you on the agreement (meaning did you get a lawyer on board as soon as you found the seller)? I`m...

QUOTE (toy @ Feb 25 2010, 05:35 PM) Hi, Just need some advise on a mini storage deal I`ve been looking at in the US: $600,000 List I got them to $425,000 which will make it about 11% cap. So here is how I want to structure it: $600,000 purchase $390,000 down (65% LTV) $225,000 VTB 5 Year...