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  1. MarkTorgerson

    Letter to tenants

    Hi I am looking to see if anyone out there has a template letter that they use for offering long term tenants the opportunity of rent to own? I have several properties that I am looking for an exit plan. I had 2 vacancies that I recently received contracts for new tenant / buyers. I now want...
  2. MarkTorgerson

    Has the market for apartment buildings slowed down?

    QUOTE (ogopogo7bc @ Feb 4 2010, 08:00 AM) Just keep on thinking there is no upside here. The building he is talking about was bought for 19k a door(an amazing deal). And he is trying to sell without any upgrades. He also bought 4 other properties and flipped them for 7 figure profits.Ya no...
  3. MarkTorgerson

    Has the market for apartment buildings slowed down?

    QUOTE (rainman11 @ Feb 2 2010, 11:55 AM) I`m wondering if anyone else has found the market to be very slow over the last while? Is this because of the US recession? I`ve been trying to sell a 63 unit apartment in Thunder Bay Ontario now for the last 18 months. Got a few bites but mostly only...
  4. MarkTorgerson

    What`s behind the curtain - What due dilligence should be done before signing up for a course?

    QUOTE (housingrental @ Jan 25 2010, 08:07 PM) Thank you for your thoughts Mark. I`m curious if anyone else has anything to add?
  5. MarkTorgerson

    I am looking to specialize in Lease to Own

    QUOTE (markl @ Jan 24 2010, 09:30 PM) That`s the thing you have an option to buy it you can do 1 of 3 things. #1 Buy it at the option price which you may do if you are getting a pretty good discount. #2 Walk away you only had an option to buy it. You are not contractually obligated to do so...
  6. MarkTorgerson

    What`s behind the curtain - What due dilligence should be done before signing up for a course?

    QUOTE (housingrental @ Jan 24 2010, 08:10 PM) This is a great starting point. Does anyone have anything else to add? Maybe we should be applying the items listed below to other courses being offered for sale by members on this forum. Would anyone like to start? I would definitely 2nd the point...
  7. MarkTorgerson

    I am looking to specialize in Lease to Own

    QUOTE (markl @ Jan 24 2010, 07:38 AM) Hi Mark that is exactly what I would consider a sandwich Lease option. If you can turn this into a system where you are getting consistent leads and consistent tenants this can be a great business as there is very little risks. The one thing I would caution...
  8. MarkTorgerson

    I am looking to specialize in Lease to Own

    QUOTE (markl @ Jan 22 2010, 09:59 PM) Sandwich lease is when the investor lease options the property off somebody and then re lease options it to the final tenant. Hence they are the meat in the sandwich. This is a lot of what the American Seminar companies will teach you but they are very...
  9. MarkTorgerson

    I am looking to specialize in Lease to Own

    QUOTE (markl @ Jan 22 2010, 07:28 AM) The problem with all your questions is one would have to write a novel to respond in fact I did. What are you interested in? There are only 3 strategies I can see. Tenant first, Property first and Sandwich lease options. What are you specializing in...
  10. MarkTorgerson

    Rent to own contracts... Laywer tells me they break the law

    QUOTE (jseib @ Jan 18 2010, 10:59 PM) I was wondering if anyone here has taken any of Mark`s contracts to their lawyer... I made a long overdue visit to my lawyer Michael Hinchey in Hamilton to look over the agreements and recieved a call today that the contract as provided in his course and I...
  11. MarkTorgerson

    Do you work with your spouse on your real estate investing?

    QUOTE (JessaK @ Jan 11 2010, 08:05 AM) Hi all, My husband and I work together on our properties. We both have different tasks to complete within the investing, and it is not an equal shared workload (he does more), however, we both try to respect each other equally with real estate investing...
  12. MarkTorgerson

    Liquidating part of my portfolio

    QUOTE (tonypeters @ Dec 18 2009, 01:47 PM) Hey Mark, This is a GREAT way to crank-up your (Lease To Own) marketing machine! But as I mentioned to you before (and for the benefit of other forum members), you should consider increasing your finder`s fee for Realtors. I would personally recommend...
  13. MarkTorgerson

    Liquidating part of my portfolio

    QUOTE (MarkTorgerson @ Dec 16 2009, 01:33 PM) Hi Rob Brooks, Medicine Hat and Redcliff. Houses, 1/2 duplexes and condos. Thanks I wasn`t exactly looking to solicit eventhough I would be more than willing to pay a REIN member a finders fee. Was looking for feedback on if anyone has...
  14. MarkTorgerson

    Liquidating part of my portfolio

    QUOTE (Cargren @ Dec 16 2009, 12:05 PM) Where are your properties, Mark? I had a few individuals interested in Alberta that may work for you. Rob Hi Rob Brooks, Medicine Hat and Redcliff. Houses, 1/2 duplexes and condos. Thanks
  15. MarkTorgerson

    Liquidating part of my portfolio

    Hi I am close to pulling the trigger on marketing several of my properties through a rent to own program to create myself an exit strategy a few years down the road. I am curious to anyone`s thoughts or concerns with advertising a $1,000 finders fee for anyone that brings me a qualified...
  16. MarkTorgerson

    Join REIN or wait?

    QUOTE (Chad @ Dec 13 2009, 09:41 PM) Thomas... I`m new to this site and real estate from an investment standpoint in general. I would like to join REIN, and am ready to take action, however, what are some things to know or perhaps a position to be in where I could leverage the membership better...
  17. MarkTorgerson

    Buy vs Build

    QUOTE (ThomasBeyer @ Dec 8 2009, 09:37 AM) actually, we use price/door plus cash-flow ability first priority. If you buy new @ 120/door a minimum 5 year hold, better 10 years is the only way to make money .. or sell as condos .. we have yet to buy a property EVER for more than 79/door ... Hi...
  18. MarkTorgerson

    Yellow Letter phone call took a different turn

    QUOTE (GaryMcGowan @ Nov 26 2009, 09:32 PM) Interesting comments Mark, I don`t think I`m out of line by saying that you are one of the direct targets of the marketing campaign that I and many others have launched. You are an avid investor looking for some added value to your portfolio with...
  19. MarkTorgerson

    Yellow Letter phone call took a different turn

    QUOTE (GaryMcGowan @ Nov 26 2009, 09:07 AM) Patlive took a call last night from the yellow letter campaign. I called the caller this morning and she was not interested in selling her home. However she mentioned she was an investor who was looking to retire from the day to day duties of owning...
  20. MarkTorgerson

    What are you finding for properties...........

    QUOTE (JimWhitelaw @ Nov 26 2009, 02:45 PM) I feel bad for Neil (seeu22) who isn't getting any real response to his original question. I also think it would be interesting to see what kinds of deals people are making and how they've been analyzed. Instead, we're going around in circles about...
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