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Recent content by Luong98

  1. Luong98

    Radical changes coming for CREA

    QUOTE (DaveRhydderch @ Oct 3 2010, 02:07 PM) I, as a Realtor, am actually excited for these changes. I find myself ranting more and more against some of the bigger name Realtors. They simply don`t do that good of a job to justify what they make. More importantly, they don`t do their job well...
  2. Luong98

    Looking for a RTO company to JV

    The exeption to the real estate act that relates to a person trading in real estate does not apply to a person who disposes of real estate owned by that person or in which that person has a substantial interest in (i.e. JV). In my particular case, as a REALTOR I do have the right to sell my...
  3. Luong98

    Looking for a RTO company to JV

    QUOTE (JimWhitelaw @ Sep 18 2010, 02:42 PM) Hi David, give me a call if you like. I`d be happy to meet you for a coffee and walk you through the RTO process to help you understand how to structure your deal. Thanks Jim. I will call you tomorrow.
  4. Luong98

    Looking for a RTO company to JV

    Thank you for that great advice. I guess what I am really looking for is someone experienced in RTO that will partner with me to structure the deal. My alternative is structuring this deal myself but RTO is not my speciality. I`m not sure if this is typical but any help from the community would...
  5. Luong98

    Looking for a RTO company to JV

    I have two properties in Fort Saskatchewan that are currently being rented. Both tenants have requested that they would like to rent to own. Can the REIN community please recommend a RTO company that I can partner up with? I would prefer that they are from Edmonton and have atleast 3-5 years...
  6. Luong98

    Recommendation for Edmonton Mortgage Broker, etc.?

    QUOTE (dcbennett @ Aug 9 2010, 06:55 PM) Hey! I am sorry if this is already posted somewhere, but i haven`t been able to find it. I am looking to purchase my first property in Edmonton, and was wondering if anyone has any recommendations for individuals to become assets as part of my team. I am...
  7. Luong98

    Commercial leases via agent

    QUOTE (kir @ Aug 9 2010, 02:50 PM) Hi, If I lease a commercial building , ex. with a monthly rent of 20K, what would the agent involved be collecting in terms of commissions? How is it usually done? Thanks, Kir. The total commission could either be a percentage of the gross lease of the...
  8. Luong98

    Help with deficincies

    I had a similar problem with my house. After countless phone calls, we got fed up and threaten to report this to Global trouble shooter and the BBB. They came the next day and fixed it.
  9. Luong98

    Acceptable Noise Level

    Thank you for all your advices. I will investigate further and refer to the bylaws.
  10. Luong98

    Acceptable Noise Level

    QUOTE (Sherilynn @ Aug 3 2010, 08:16 PM) Have you heard the music? (I know, that sounds weird.) No, I have not but I`ll try this. QUOTE (Sherilynn @ Aug 3 2010, 08:16 PM) If a tenant wants out of his lease, let him go. However be sure that he is aware that he is still legally responsible for...
  11. Luong98

    Acceptable Noise Level

    I have a side by side duplex which I`ve been receiving several noise complaints from my new tenant about his neighbor`s music playing too loud during the day. I`ve tried to rectify the problem by requesting the other tenant to keep the volume low which he has agreed to. It has been two months...
  12. Luong98

    RTDRS (Edmonton) has moved

    QUOTE (Sherilynn @ Aug 3 2010, 12:52 PM) Greetings all. I was surprised today to find a locked door on the 17th floor of TD Tower, the old location of the RTDRS in Edmonton. (I haven`t been there since June.) Their new address is: Unit 112, 10025-102A Avenue Edmonton, Alberta T5J 2Y8 Regards...
  13. Luong98

    What to do with overpriced properties?

    QUOTE (johnkim @ Jul 28 2010, 12:32 AM) I`m looking at few estate building lot in GTA and noticed that some of these lots are grossly overpriced by $300-400k. For example, this lot prices at $850,000 (DOM 79 days) currently where as lot next to it (exactly same dimension in the same subdivision)...
  14. Luong98

    Does the Building Type change your Purchasing Metrics?

    QUOTE (bizaro86 @ Jul 22 2010, 01:11 PM) If all of these types of property were the same price, and had the same expected cashflow considering all expenses, which would you buy, and why? A house that`s suited because as mentioned above you`ll have more control over your expanses and second if...
  15. Luong98

    Can anyone tell me about the neighbourhood Ritchie

    QUOTE (jodijackson @ Jul 5 2010, 09:59 AM) Hi all, for my first purchase as a REIN member I bought a really bad house in Ritchie. It was painted up nice but I was talked out of the inspection at the height of the boom and due to my inexperience/excitement I went ahead with the deal. I have put...
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