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  1. Lucas

    Got my call from the police today...

    Hi Tony, I too would like to hear your opinion... Thanks, Lucas QUOTE (Dejavu @ Jan 14 2010, 08:06 PM) Tony, It will be great to get your opinion on this. Thanks, Vitaly
  2. Lucas

    Hilariously bad real estate ad photo on Ellen

    Maybe that guy was the realtor...hehe QUOTE (EdRenkema @ Jan 14 2010, 10:41 AM) What no realtors commenting?? Especially on the line "this guy doesn`t have a realtor he`s obviously handling it himself" Gives credence to the statement - always have it handled by a `professional`
  3. Lucas

    Edmonton Mastermind Group

    Hi all, I would be interested in being apart of this group...Let me now when the group is meeting and I will do my best to attend. Thanks, Lucas [email protected]
  4. Lucas

    Insurance for a rental in Alberta, live in Ontario.

    QUOTE (jessandy @ Oct 1 2009, 04:42 PM) Thanks very much - I did check them out, and they only insure revenue property if you have your principal residence with them as well. Since we are happy with our current principal residence property insurance (we have a pretty good deal going with them...
  5. Lucas

    Realtor and property manager needed in Edmonton or Calgary

    QUOTE (sofanit @ Oct 1 2009, 02:36 PM) Hello Can anyone recommend a good realtor and property management company in Edmonton or Calgary.? I`m looking to invest in those areas as a first time investor. Any advice you can give would be appreciated also. Thanks Sophie Hi Sophie, I am a REIN...
  6. Lucas

    What do YOU have in your attic?!

    QUOTE (investmart @ Sep 28 2009, 05:33 PM) What if there is no access to attic during inspection (and always)? Around half(!) of the inspections I had for older Plexes did not include Attic due to access. Thanks. Hi Investmart, In Edmonton, it is very, very rare to not have an attic access as...
  7. Lucas

    alberta R E lawyer?

    QUOTE (jessandy @ Sep 25 2009, 01:35 PM) Can anyone recommend a "moderately priced" real estate lawyer who`s licensed in Alberta to sign off on a cookie-cutter single-family purchase outside of edmonton? Its my first RE purchase outside of Ontario and my current team of experts isn`t equipped...
  8. Lucas

    Drayton Valley, Alberta?

    QUOTE (MikeMcCrae @ Sep 24 2009, 07:56 PM) I live close to Drayton Valley (Leduc 100 km`s away) and have often thought of buying there. It`s economy is based on lumber (OSB board) and oil and gas exploration. I think over time it has a lot of upside but strong management and quality tenants is...
  9. Lucas

    Hoffaco Corp. - Hoffaco Property Management - New website need help and critics

    QUOTE (housingrental @ Mar 29 2009, 03:54 PM) Thank`s for all the feedback - I have no background in website design and the main goal was to keep it simple and informative - Anyone else ? Anyone have any articles they`d like to have on ? Todor - Re scrolling down to read text - Thanks, I`m...
  10. Lucas

    Hoffaco Corp. - Hoffaco Property Management - New website need help and critics

    QUOTE (Lucas @ Mar 28 2009, 10:15 PM) I am not a technical guy really, especially with my website (or my vehicles)...these are things I choose to delegate in my business and in my life (read: vehicles). I`m a teachers son, have 2 author`s in my extended family and have some experience writing. I...
  11. Lucas

    Hoffaco Corp. - Hoffaco Property Management - New website need help and critics

    QUOTE (MatzoB @ Mar 28 2009, 08:29 PM) I think the flash is distracting to the text. I like the logo and color scheme but not the default font. For a home made website, I think it`s sufficient to serve its purpose but if I didn`t know you or your references, the website alone wouldn`t compel me...
  12. Lucas

    Please help with analysis...

    QUOTE (thomasbeyer2000 @ Mar 19 2009, 10:54 AM) $100 to $150/sq ft + LAND is a good rule of thumb .. maybe less if you do a lot of work yourself how is it financed ? all cash ? 50% mortgage ? costs upfront: drawings: $20-25K engineering assessment: $5-8K approvals: 3-8K + land .. so 100K ...
  13. Lucas

    Please help with analysis...

    Thanks guys...appreciate your tips. Adam: This is true...I have included a 10% contingency fund and I expect that it will be spent. Around Edmonton though, 70k to 100k/door is the going price. If I can build for 30 to 40k per door I could save alot of money and have a new building. In the town...
  14. Lucas

    Please help with analysis...

    I`m not sure yet if it can be built for that and it isn`t in Edmonton...its in a small town about 1 hour west...Land is 60k. With a budget so small, I am trying to keep costs down...Extra bedrooms = more materials/labour (ie. 10 extra windows, int. doors) and bigger footprint (ie. concrete). I...
  15. Lucas

    Please help with analysis...

    Hello all, I have an opportunity to possibly put together a deal about 1 hour west of Edmonton. The land is vacant and I would build a Multi-family rental. Here is one idea I have: Build a 10 suite walk-up multi-family comprised of all 1 bedroom/1 bath apartments. My budget, including land...
  16. Lucas

    mortgage brokers?

    QUOTE (ARBenison @ Feb 17 2009, 07:08 PM) I am presently working on a deal for my 4th property and I have read the REIN books. I thought the 110% rule was fantastic and all my propertys fall in this category, I mentioned it to my current mortgage broker and she has never heard of it, and noone...
  17. Lucas

    Leak on lower floor from rains?!

    QUOTE (donksky @ Feb 7 2009, 10:20 AM) Hi, any idea why a lower floor will have water leaks on the ceiling (while upper floor doesn`t) - I heard water vapor indoors freezes in winter & thaws out with the rains & mild weather - here in Ontario the rains are coming with the mild weather &...
  18. Lucas

    How long to wait before buying privately

    QUOTE (Goodstuff @ Jan 18 2009, 12:12 AM) If the seller`s contract with his real estate agent expired, and the house was not sold, then he has absolutely no obligation with the agent at that point. The contract has been fulfilled. He agreed to list it with the agent for the specified period of...
  19. Lucas

    Heating a Concrete Condo from the Ceiling - in Vancouver

    QUOTE (thomasbeyer2000 @ Jan 14 2009, 09:20 PM) My wife and I are about to purchase a condo in Vancouver as a 2nd home, possibly a future 1st home. It is a concrete building. The heating is an air based, ceiling based system. This is OK in my opinion for A/C as cold air falls, but warm air rises...
  20. Lucas

    Mass Foreclosures in Canada`s Future

    QUOTE (ZanderRobertson @ Dec 18 2008, 01:38 PM) What's really going on: 1) Speculators with no cash flow are being shaken out of the market 2) People who bought at the peak and can't afford their mortgages are looking for someone to blame 3) Real capitalists are adjusting their business to...
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