Hi, I`m going to see a ugly house tomorrow and really think this might be a serious wholesale/Retail deal.Area is good, easy to rent place, etc.Worth $200,000 in good to excellent condition (told by my realtor) House listed March 2007 for 189,000, sold for 189,000 in Feb 2008. Buyer started...

QUOTE (neill @ Oct 29 2009, 10:15 AM) Essentially, equity pull-out process starts with a conversation with your bank/mtg broker. They will have you fill out a credit app or update your existing, then order an appraisal of the subject property. The appraisal will determine what they will set at...

QUOTE (neill @ Oct 28 2009, 01:28 AM) Hi Chung - when we did re-finance on existing properties to pull out equity and buy our ATV`s, ski-boat, (sorry, that was friends of friends - we bought more buy and hold properties ), instead of having the 80% of appraisal amount that we borrowed registered...

QUOTE (JohnSoucie @ Oct 27 2009, 06:48 PM) Yep.....I just read about this a day ago and I think what Ron says is you should never let the loan balance on a bank owned property affect your offer whatsoever. It`s their problem to solve, you will have to pay cash to do the deal, so there is nothing...

QUOTE (tonypeters @ Oct 27 2009, 11:32 AM) Chung, I would recommend that you familiarize yourself with all of Ron`s strategies by listening to the CD`s one more time, and by reviewing your seminar workbook and the notes that you made. You should also review the notes of someone that attended...

QUOTE (neill @ Oct 25 2009, 11:39 PM) If you want to get an idea of mortgage amount, you could pull title on the place - usually it will show the amount of the original mortgage (although if you are a REIN member, you may have taken a tip that says some banks will register on title the full...

QUOTE (tonypeters @ Oct 26 2009, 12:16 PM) Chung,If you implement "EFFECTIVE" marketing campaigns, the phone WILL ring! But as I have already pointed out, it`s one thing to get the phone to ring, but it is WHAT you DO with the leads that REALLY count! When the phone rings you will have many...

Thanks to everyone who shared their thoughts and advices. It`s helping me pave my stepping stones to true success. As I`m new to RL`s Quickturn strategies and REIN`s Buy and Hold, I`m a little confused as to which one I should focus my efforts on. I want to implement both of these strategies...

QUOTE (neill @ Oct 25 2009, 10:23 PM) Hi Chung - sorry for the semi thread hijack! Is the property bank-owned already, or still in pre-foreclosure stage? The bank may be willing to take less than the 193k if it is theirs and has been on market for a while (DOM) with no activity, especially...

Thanks for all`s advice, I completely agree. Now I have a situation where a realtor found me a `bank repo` pretty house listed on the MLS. ARV 220k Asking 193k Loan balance is 193k for CIBC repairs - 5k a paint job and couple other small things house is 5yrs old TLS:1550 sqft, lot size 4822sqft...

Hi all, On pg.329 Listing With Realtors. It says 8,7, or 6% depending on how fast the realtor sells. Just to Clarify that commission is based on our profit and not the sale price correct? (if based on sale price, it would take too much of our profit)..yes? Thx, Chung

Hi all, I`m looking for a Real Estate Lawyer in Halifax, Nova Scotia. Just pass on the name and I will do the rest Thanks in advance, Chung

QUOTE (tonypeters @ Oct 8 2009, 07:33 PM) Limin, I will forward a copies of two scripts that I have been using for the past seven years. One is used by my staff to collect detailed information, and the other one is a watered down version for use by a call centre. I will forward to your e-mail...

Hi all, This message is for all the REIN members and the not living in Atlantic Canada that are planning on or is attending this once in a life-time Ron LeGrand`s Quick-turn boot camp Oct 15-18. Since I am attending, i would like to know which other Maritime RE investors are going but also to...

QUOTE (Dan_Eisenhauer @ Nov 27 2007, 03:42 AM) It has been seven years since I left Halifax, but many of my old contacts would still be useful. Anyone who wants names in the Halifax area should fee free to contact me. I have had a 30+ year real estate career, and know many of the Haligonian...

Hi all, I`m thinking about becoming a REIN member. However, how much benefit will I get out of this as I`m living just outside (30 min) of Halifax since most events/seminars and members are West of Toronto? I am excited about investing in Real Estate as I feel will allow me to achieve...