QUOTE (invst4profit @ Dec 15 2008, 12:31 PM) I find charging applicants helps to weed out the tire kickers and those individuals that know they will not pass my screening guidelines. I tell them in advance that they generally need a better than 600 score, no evictions, no criminal record etc...

QUOTE (Jack @ Dec 15 2008, 11:35 AM) Agreed, but they`ll always be high. That`s no surprise. I`d be a lot more comfortable eating a $10,000 cost of sale after the asset`s value has appreciated 50%, that`s for sure. Don`t get greedy... I don`t think recognizing transaction costs is a symptom...

QUOTE (Jack @ Dec 12 2008, 06:05 PM) OK, but define "long-term". How long? I`ve never done a JV deal in my life, but, from what I`ve read on these boards, they tend to be sold as 3 - 5 year holds. Do you consider that L/T? Or, are you talking 2030, 2040, etc.? "Booms" don`t really exist in...

QUOTE (Jack @ Dec 12 2008, 06:21 AM) You`re right, good point. It does depend on the risk-free rate in the market, which is usually measured as the yield offered on a T-Bill. That said, those are usually around 4%, although they`ve been dropping lately as more people are putting their money...

Thanks guys!!! Lucas QUOTE (C2Ventures @ Dec 7 2008, 08:12 AM) Hi Lucas, Try out George Hilton of Montrose Mortgage in Edmonton. http://www.montrosemortgage.com/corporate/edmonton1.htm

Hello, I am looking for a Mortgage Broker with expertise in Multi-family purchases. I am sure this has been requested but I am not as savvy as I should be with the search function...I always end up with threads that are not applicable. Any help with a quality referral would be greatly...

QUOTE (ohsofrugal @ Nov 30 2008, 10:26 PM) Hello everybody, After dropping out several years ago, I have decided to go back to university and complete my degree. I believe post-secondary education is an investment in myself and certainly a necessity to do better (income and personal development...

QUOTE (thomasbeyer2000 @ Nov 24 2008, 09:20 PM) As we had into a difficult 2009 with a recesson, what are some margins of safety to live by ? I come up with: 1) don`t overpay 2) sell when prices have gone up "irrationally high" .. like into 2007 .. 3) make prudent assumptions about rent...

QUOTE (ZanderRobertson @ Nov 24 2008, 06:29 PM) I have to say I agree with Jack on this one, the contrasting viewpoints brought up some great conversation on these posts. that being said, there is a format/decorum to follow here. Jack, a suggestion; why not post a new topic just as you have...

QUOTE (EdRenkema @ Nov 24 2008, 11:28 AM) So here it is folks, this should bring the calls in droves, I mean who could resist http://hamilton.kijiji.ca/c-ViewAd?AdId=89...14-86a4ffff0af1 Very professional Ed...nice job!!! Lucas

QUOTE (ToddStokowski @ Nov 23 2008, 10:55 PM) Congratulations Dianne! I took a quick look and the site looks great! Have fun. Todd Great Job Dianne... Hope you and Wayne are doing well!!! Good Luck with the site!! Lucas

QUOTE (investmart @ Nov 23 2008, 05:54 PM) Thanks Everyone! will do.. Neil Hi Neil, If your contractor is skilled and reliable, he should be successful. If he`s successful, he should have the money to begin the project with very little up front. For a $5000 job I would not advance him much...

QUOTE (GarthChapman @ Nov 18 2008, 03:16 PM) Our Contractor fell through and we are stuck. Help!! Here is the work to be done: • Side Entrance - Repair hole in drywall, paint • Loft Suite - Remove and replace bedroom doors, paint • Lower Suite – Repair main door frame and strike plate •...

QUOTE (thomasbeyer2000 @ Nov 16 2008, 08:50 PM) To: Stephen Harper, PM and Jim Flaherty, Minister of Finance Nov. 17, 2008 Cc: Editors of Calgary Herald, Globe&Mail & National Post, Canadian Taxpayers Federation No bailouts to the car industry, please. Any industry has to stand on its own feet...

QUOTE (thomasbeyer2000 @ Nov 13 2008, 09:48 PM) consider: gift them the money .. have THEM qualify for mortgage .. and have a JV agreement too .. risk is : money is gone and they do not close .. Thanks for the reply Thomas... I was told by a broker that only family can "gift" money. The...

Hello again, I posted about a buyer that did not have the downpayment necessary to purchase my home. This is still the case and it looks like 0 down cashback is NOT an option...nor is "nestbuilders"...although that is a fantastic program!!! The home is a new SF in Spruce Grove, Ab. I am now...

Hello Everybody, I am working with some clients that are targeting AFS`s (Agreement For Sale`s). I am wondering if other investors have been having success getting them and how they have pitched deals like these to the seller`s and especially seller`s Realtor? ANY input would be great (ie...

Thanks everybody and experct a call tomorrow Jeremy!!! Lucas QUOTE (jeremyfleming @ Oct 30 2008, 05:16 PM) Hi Lucas, I would imagine someone has emailed you about this by now.... but in case they have not - I currently am using a couple of lenders who are offering either borrowed down payment...

Hi all, I have a house. I have a buyer. I want to sell my house to this buyer. The buyer does not have enough for a downpayment on the house but has been pre-approved by a mortgage broker and qualifies to purchase my house. The buyer has exhausted all possible avenues/sources looking for a...

QUOTE (GSI @ Oct 11 2008, 10:47 PM) We celebrate many things in life. The greatest to date for us has been the healthy birth of our first child, our son Ronan Amadeus Millar. He was born 4:25PM, 10/7/08 after a long labour by his amazing Mom, Danielle! Through all the hard work, joys and...