As stated above, seeing the property is vital and finding a contractor will take some research, as you may very well get quotes based on their work load. Sometimes contractors will bid high, as they may be too busy to take on more and this could be their justification for the addition. I'm not...

Using "No Money" meaning acquiring houses(Assets) Free. They cash flow easier with no borrowed Down Payment or out of pocket expenses, of course due diligence still is a factor. The post is a new investor, but I'm just commenting on the "Anyone In REIN" comment.

Many of us have bought with the REIN system using no money!

Where is your market? Is $35000.00 a lot or just enough? I'll assume it's a lot and that you are not in downtown Vancouver/Toronto. The purchase price would also help to determine the above. Example: If they give you $35000.00 and your purchase price is $450,000.00, then obviously 5% is...

Hey Neill, is your OTP contract amended to reflect this or did you capture this situation with verbiage in the original contract?

1. Looks like they don't have that option to buy back anymore, assuming all of your documentation is up to snuff. Since your posts heading, is "RTO Ethics", I think, Ethically, a new contract is in order, IF they presently qualify. If not, can you put them on a monthly accountable program with...

ACRE Live would be a great choice, as it starts from the real beginning "Economic Fundamental Research" and continues on in order of each required step to buy an investment. You will probably be overwhelmed, but at least you get to take all points home with you in ACRE binder. ACRE now has...

Hi Janepher: I definitely 2nd Thomas's "hiring an expert" idea, as for your test ad, you'll find yourself talking to just about every renter in town if you don't screen many of them out. Qualified RTO clients are usually in 1 of 2 situations 1. They have money and fair credit (but really bad...

We may not be able to paint that picture for you personally, as you are not a Tenant Buyer. Here's an example for the purposes of your "Scenario". Place yourself in the shoes of a divorced spouse who has lost their home in which they lived in for x amount of years, they never feel at home while...

Excellent post Joey, when your tenants are moving out and feel bad , then I guess we've done something right. I love the F.I.R.E. acronym, I will start using it! Mine is "Never argue with my tenants" , listen, let them vent and respond in a calm manner. Be proactive and keep the...

Hi Christine, great chat yesterday and have fun at Barry & Donna's RCFP in Van City!

We can do all the homework we want, but unfortunately this does happen and in my case the husband was offered "Fly-In / Fly-out" at the end of the 2nd year of a 3 year term. We actually kept the relationship , I'll say "ok" and he signed a quit claim document I attained from Barry McGuire. My...

I'm assuming you mean by "above market rents" is including the option money and their upside is forced down payment savings in a program that works hard to ensure they will qualify, hence Sherilynn's comment "Responsible Manner". As for selling the property to them above market value - when you...