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Recent content by betrina

  1. betrina

    3 bedroom rental or possible Rent to Own in Edmonton

    I have a 3 bedroom home under contract in Edmonton. It would make a perfect rental or Rent to Own property as the purchase price is only $210,000. Market rent is around $1400 plus utilities. The property has a detached, heated garage that could be rented out separately. The home is a...
  2. betrina

    23 Unit Apartment building in Lethbridge

    Hi I have a 23 unit apartment building in Lethbridge under contract that I am looking to assign to another buyer. Contact me if you are interested in taking over this contract. $1,995,000 for 23 units so $86,740 /door. Net operating income of over $100,000 per year. Annual rent around...
  3. betrina

    Grande Prairie car pool

    Anyone from up north heading down to the Edmonton workshop this weekend? I am looking to car pool from Grande Prairie. You can text me at 780-834-8409. Or email [email protected]. thanks, Trina
  4. betrina

    Help this little girl get to her Daddy! How can I close this deal in GP so we can see more of my husband?

    Houses are starting to fly off the market in GP so when we got an offer accepted on a place over the weekend we thought we were pretty lucky. No problem, we've got 5% to put down. We'll just get a CMHC insured 95% LTV mortgage like the last 2 we bought and still own. However after talking to...
  5. betrina

    Looking for Realtor to help sell an 11 unit apartment building in small town northern Alberta

    We want to sell a multi-family apartment building in a small town in northern Alberta (Spirit River, 1 hour from Grande Prairie, AB and Dawson Creek, BC). When we bought it, it was listed with a Realtor from Grande Prairie who specialized in owner-occupied homes - not investment properties and...
  6. betrina

    Coin Laundry - Nice to Have or More Headaches than Income?

    That's my question too. What do you charge per load for the washing machine? And also the dryer? I am looking at replacing our old machines one at a time. The old washer is fried. The machines are ancient - currently charge $1 for washing and $1 for drying. I'm told that at the local...
  7. betrina

    Managing Your Property Management

    Chris- I read some of your blog posts about PMs. Thanks for the info and tips. I am in the situation where we own a building in a town where there are no property managers so we've hire some people to help us look after the place. My question: What are your tips, suggestions, insights, and...
  8. betrina

    elevator speech

    I'm thinking of something like: We help people stop losing their shirts in the stinking mutual fund and stock markets by investing in hard assets that don't just loose their value overnight. ... and then on to the kinds of things previous people have said.. Or on to asking them questions such...
  9. betrina

    An Open Letter to the Citizens of Canada

    QUOTE (TodorYordanov @ Dec 3 2008, 10:07 AM) Why don`t we declare war to the USA and surrender the very next minute. They will occupy us and Obama can become our President. Quick and simple. Sick How quickly we forget who it was that started this whole global economic disaster... The...
  10. betrina

    Canada invests in mortgages!

    QUOTE (wealthyboomer @ Oct 10 2008, 08:10 PM) And where is THAT MONEY coming from? Who is paying for it?? What program, or other beneficial spending will have to be cut as an exchange? The $ comes from the billions that CMHC charges in insurance premiums, does it not? They charge exorbitant...
  11. betrina

    new home warranty

    The basement is leaking. Is it up to the PM to chase down the builder and possibly get it fixed under the new home warranty? Or would this be a job for the home owner?
  12. betrina

    Is there any way around taxes on a rev property sale?

    QUOTE (Goodstuff @ May 3 2008, 02:03 AM) Thanks for your replies. What is a VTB? Thanks. Vendor Take-back. The vendor carries part or all of the mortgage instead of the bank. We just bought a house from a lady in town who is financing us 92.5% of the sale price of the home. She only wanted...
  13. betrina

    Is there any way around taxes on a rev property sale?

    With VTB`s you can defer for up to 5 years. - only on the carried portion. There is a thread about this from way back. Also here is an excellent paper from Navaz http://www.realaccountant.com/files/vtb.pdf If you charge interest on the portion you carry, it is business income, not capital...
  14. betrina

    Kjiji Advertising

    Vista? Internet Explorer? Could that evil, world dominating, software company with the unmentionable name that starts with an "M" be the root of all your problems? Cheerio Trina B
  15. betrina

    Vendor-take-back Mortgages

    The vendor I am working with talked to his accountant about carrying a portion of the down payment. His accountant advised him that he is crazy to be selling right now - he should just hold on to the properties, and if he does sell them not to do the VTB because it can be very difficult to...
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