QUOTE (tonypeters @ Oct 6 2009, 01:46 PM) Bill,I have been implementing Ron LeGrand`s creative strategies since 2003. I would be happy to provide you with a copy of the script we use. If you could provide me with your e-mail address I will forward a copy to you. I must warn you though, having...

Hello, We looked into Bob`s program when we started out, and while it looked good we decided against it. Largely because they want you to sign an exclusive Realtor`s contract and we were not willing to do that. I believe they charge a tenant/buyer placement fee as well, which is perfectly...

QUOTE (WadeFenner @ Nov 18 2009, 02:48 PM) SELLINGI`ll aim for 10% above current market value = $330,000At 1% above the Royal Bank posted rate on a five year fixed loan with a 25 year AM. For the sake of this example 6.5%.If the buyer gives me $20,000 down they will still owe me $310,000 with a...

We`re in !!

QUOTE (hanwellboy @ Sep 23 2009, 03:42 PM) I currently have my personal home mortgage through Firstline. They seem easier to deal with than the major banks. I just wanted to get some opinions on what other investors use. I`m looking at getting a mortgage for a home I hope to offer up as a...

QUOTE (llee @ Aug 14 2009, 10:24 AM) Hi, Is anyone experienced in setting up a debit account for monthly money collection, if the other party has given me a void cheque? How much does it cost? Thanks. We set up "automatic withdrawals" with all our renters. Most banks have their own forms...

QUOTE (Ros @ Aug 12 2009, 09:48 AM) I have built 2 side by side homes that I want to sell by way of lease to own. Do I have to pay the GST when they start renting? Any pitfalls I should beware of? Any advise would be helpful. Thanks Hi guys, I don`t believe Ros is referring to GST on rental...

Hi Roger, We have a home in Stony Plain and Fort McMurray. Would either of these places be of interest to your client?

QUOTE (RogerPanchuk @ Jul 13 2009, 07:49 AM) If you have a smaller house with a garage in a decent area for sale on a rent to own. I have have a quality applicant. My guy has excellant credit history and $15 000 for a down payment. He would like to buy now but is haveing trouble qualifing...

http://www.creditco.ca/

QUOTE 3. Be sure to check if the rent yield is larger than Treasury bill`s rate This may sound technical. But it`s important! Rent yield tells you how much return you`re getting from your property. If it`s less than T-Bill rate, why would you want to invest in this risky property in the first...

QUOTE (bizaro86 @ Apr 28 2009, 02:02 PM) This is my first condo, so I`m far from an expert. Do those of you who are more experienced typically get insurance on investment condos, or just make sure the condo corp has adequate insurance and leave it at that? Michael I would definitely get the...

QUOTE (VicChung @ Apr 21 2009, 08:38 AM) Hello Everyone, I have been listening to the rent to own/lease to own audio from Mark. If I was to find a tenant who is willing to do a rent to own, and purchased a property at $300,000. The tenant is willing to put a deposit of $10,000. However, the...

QUOTE (navaz @ Mar 19 2009, 10:11 AM) REIN has been instrumental in moving us to Variable Rate Mortgages. With interest rates coming down, interest expense would come down and your profit would be up. The side effect of more income is more taxes. You will have to consider claiming CCA (or...

We had a similar experience last year. Our RTO customer picked out a townhome that they loved, and we put an offer on it. Somehow the community found out and raised a stink with their committee. We tried to explain that our tenants would be buying from us, but to no avail. We quickly said fine...

QUOTE (jarrettvaughan @ Mar 11 2009, 07:52 AM) I have a hard time understanding why a tenant would want to get into a RTO at this time. Bonjour Jarrett! Comment ca va? I believe RTO targets a specific niche and is not the solution for everyone. I`m working on my 9th now, and get a lot of "tire...

QUOTE (TommyK @ Mar 3 2009, 10:59 PM) After all, banks are NOT non-profit organizations. That`s true! But have you looked at their profits recently? They are not exactly hurting (Canadian Banks). Kind of like oil companies saying they are only passing on the costs of crude thus higher prices...

Does anyone know what`s happening to home values in Sundre, Alberta? Or do you know some sources to research for this town? Are values holding their own, dropping drastically or averaging what CMHC says for Alberta? Would appreciate any info anyone may have!

QUOTE (jholt @ Feb 25 2009, 11:43 PM) Would like to know who is doing lease options (rent to own) and sandwich leases to network and share information. Please email: [email protected] Hi Judy, I`m doing RTOs, mainly Alberta and BC, but have not ventured into sandwich leases yet. Started...

QUOTE (wealthyboomer @ Feb 23 2009, 11:48 PM) Didn`t CMHC buy up some of the bank mortgages that they were insuring? Isn`t that a `form` of Bailout? No. They were not buying bad debt from the banks. These were good mortgages, already insured by CMHC and not defaulting mortgages. The concept was...