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  1. Lucas

    Waiving Conditions - a Risk or Not in This Situation?

    Good tip Sam... QUOTE (samwei @ Oct 11 2008, 08:44 PM) one way of doing it is this. Have an amendment drawn up with the reduced price, which you sign and submit to the seller. In addition, you have a Notice of Removal of Condition also drawn up, which you do NOT sign. Submit both of these...
  2. Lucas

    Waiving Conditions - a Risk or Not in This Situation?

    Hi Neil, You should NOT lift all your conditions if you expect to reduce the asking price. By lifting your final conditions you will not have any negotiating leverage against the seller. With a firm offer at the current price, what would be his/her incentive to lower the price? Submit an...
  3. Lucas

    Reserve Fund Study for Condo Townhouses

    QUOTE (OlegP @ Oct 1 2008, 07:59 PM) I am currently looking at 2 townhouses in Hamilton. Never bought condos for rental purposes before. One of the most important issues, as I understand, is the health of the condo corporation`s reserve fund. I can request a copy of it, but truthfully I am not...
  4. Lucas

    Stuck

    Hi Cam, I DEFINITELY WOULD NOT NOT NOT sell the house in Evansburg. I am familiar with that market and now is not a good time to sell. Rents should come close to servicing that debt. Can you afford to purchase in Okotoks? If so, start looking now for place to buy and start packing...As...
  5. Lucas

    Specific Multi-Family inquiries

    Hi all, A friend and I are looking to invest in a small multi-family complex. We are interested in purchasing a distressed building (but solid and "decent) in a transitional, high traffic area with 4 to 8 suites...this depending largely on current inventories, current prices and how good of a...
  6. Lucas

    What questions to ask a realtor?

    Some really good questions there...A couple more:- Are you adverse to writing offers well below asking price? - Will you "preview" properties for me? (If time leverage is your objective and you`ve established a good relationship with your Realtor, this can save you ALOT of time) - If I "walk...
  7. Lucas

    looking for a real estate agent edmonton

    Hi Davin, I am a REIN based Real Estate agent in Edmonton. I work with REIN members purchasing investment property exclusively. Obviously, it is important first for you to line your broker up (which I noticed I have an abundance of REIN references to offer you as I have helped many investors...
  8. Lucas

    Claregreen Mews...anybody?

    Hello friends, Its nice to be able to access information from Real Estate`s top investors... "K enough enough you blowhard...whaddya want" is what you are probably already mumbling to yourself. I`m a Real Estate agent doing some due diligence for a client interested in a unit in Claregreen...
  9. Lucas

    There`s No One Best Way to Invest in Real Estate.

    QUOTE (housing1001 @ May 12 2008, 12:46 AM) Most new investors have a "guru", a teacher to whom they look not only for advice, but for a world view that helps to direct and focus the newbie on a particular strategy. These gurus can take the form of a professional teacher/instructor, a mentor...
  10. Lucas

    Real Estate Isn’t About Properties, or Deals, or Financing

    QUOTE (housing1001 @ May 12 2008, 01:44 AM) About 4 weeks into my real estate career, I made my first deal on a house. In one of the most obvious examples of karmic retribution I`ve ever experienced, the seller of this house was one of the little old ladies that I`d once accused my parents of...
  11. Lucas

    Downtown Edmonton

    Hi all, Was wondering what the general opinion investors have toward the area of Oliver in downtown Edmonton? I am speaking in very general terms and welcome ALL comments as I am curious on behalf of myself and a few of my clients... I tend to put alot of weight on the responses I yield from...
  12. Lucas

    A couple questions...

    Hi Tom, I use You can check people`s credit online (if you pay a membership fee). This is just one company. http://www.rentcheckcorp.com/ May be other members have opinions. Tom Rebstock
  13. Lucas

    How do I create a favorite posts log...

    Hi everybody, Was wondering how to create a "favorite" posts log within this forum? I hear about this elusive "bookmark" function but am having trouble locating it... Thanks for your help... Lucas
  14. Lucas

    A couple questions...

    Thanks everybody...This forum is great!!! QUOTE (ChrisDavies @ May 7 2008, 09:47 AM) And when I have tenants apply (and when i worked for a property management firm) we just pulled their credit history straight from EquiFax. It`s nice that you`re letting them do it, but one inquiry isn`t likely...
  15. Lucas

    A couple questions...

    Tx Sam...appreciate your time... QUOTE (SamEfford @ May 7 2008, 06:58 AM) To check your credit for free, go to equifax.ca and fill out their request to receive a free report by mail. Any personal inquiries do not affect beacon scores. Here is the link...
  16. Lucas

    A couple questions...

    Hi all, I have a couple things I need clarified... 1. I am going to potentially be renting a suite out to an excellent young couple but I would like them to get a co-signer. How do I do this? 2. I heard (I think on this forum...or maybe Quickstart) that a person can check their own credit...
  17. Lucas

    Should I really work with a real estate agent?

    Hi Investmart, As a realtor and someone who enjoys asissting investors acheive their financial goals through real estate, my initial reaction to this inquiry was what makes you think that a qualified investment realtor would want to work with you, given that you obviously question the value...
  18. Lucas

    Edmonton Rents...

    Great info and advice from everybody...Likely I will pass unless I decide to move my family into it as I like it that much...I should probably run that by my wife first... Thanks again for the help... Lucas QUOTE (CanadianMortgageTeam @ Apr 22 2008, 10:11 AM) The amoritization will depend on...
  19. Lucas

    Edmonton Rents...

    Sorry guys...didn`t include an address...10820 135 ST. I tried rentometer and all the decent rental websites. This property is a gem as its ALL original and easily the most carefully maintained 50`s bungalow I have ever seen. As I said, I love the property but want to make sure all the...
  20. Lucas

    Edmonton Rents...

    Hi All, Can anyone give me any insight into what I would charge for rents in North Glenora for a 2+1 bedroom caharacter home (IMMACULATE!!!!)? I love the area and I love the property but I can`t find a decent comparable on the net... Any help would be appreciated... Thanks, Lucas
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