QUOTE (TommyK @ Oct 13 2008, 10:02 PM) Hi everyone, I am in the process of searching for opportunities of doing furnished 1 bedroom condo in d/t Edmonton. I know some of you are the experts on this. I would like to find out more about it if you can help me out. 1) Do I need to obtain a...

Do you have the options of dealing directly with the company the workers will be working with? I rent several properties "by the room" and completely furnished and the easiest properties to manage we deal directly with the company. If you have to deal individually there is significantly more...

QUOTE (joeiannuzzi @ Sep 3 2008, 11:37 AM) 0908CALG Rooming houses fly under radar It`s a colourful old house in Mission, a bright blue wave mural covering its facade. But it`s inside where the real wave hits your nostrils as longtime tenant Gordon Grant opens one of two unused and unplugged...

QUOTE (NeilUttamsingh @ Jul 9 2008, 05:13 PM) 1) What impact will this new legislation have for real estate investors? 2) Is this move just for `optics` and a method to gain more votes? It was interesting news, I think for point #1 it may make it hard for some investors as it could affect...

QUOTE (dplummer @ Jul 2 2008, 03:29 PM) WOW! 86 views & no comments. Do you all pay 6% real estate commisions? Doug If you are working with a Realtor who understands what you are doing, sees the potential for not only a steady stream of business now, but a huge stream of properties for sale...

QUOTE (moltenmetal @ Jun 22 2008, 07:02 PM) Tenants say there are ant`s by the front step, think there might be wasps going under back step.Who take`s care of the problem? In the past we have covered the costs of tenants purchasing ant traps and dirt to refill steps that have openings. With...

QUOTE (invst4profit @ Jun 21 2008, 07:43 AM) I am looking at a former grow op house for a reno/flip. I know don`t do it. I have researched plenty of info on why not to do it but find limited constructive info on how to do it. I know there are tens of thousands of these buildings out there and I...

QUOTE (investmart @ Jun 13 2008, 12:33 PM) Hi All, I understand there is no tax paid when selling a property you live in. But.. for how long are you expected to live there before selling without paying tax? .. is one month enough/legitimate, 1 year or perhaps 10 years? What is the minimum...

QUOTE (cwevenson @ Jun 9 2008, 01:40 PM) A friend of mine recently asked me where was the best place to live in and around Calgary. I really did not know considering I do not live there, so I thought I would ask the people in the know on here and see which neighborhoods or communities where...

QUOTE (RebeccaBryan @ Jun 4 2008, 01:23 PM) I had the problem yesterday too Grant. Me as well, only under viewing new posts though, if I looked at each section I could check posts. All seems fine today.

QUOTE (vbasic @ May 27 2008, 05:44 PM) Well ... what I thought would be an easy way to get my foot through the door is proving difficult (not impossible) to find "deals." In the mean time, I just find "problems" that I can`t help << pretty depressing! Keep banging. You are one door closer to a...

QUOTE (vbasic @ May 27 2008, 05:35 PM) Yes, it`s not a lot of equity but...I see this property more as "land value" than the actual property itself. (Many residents are tearing down and re-building homes within a 4-block radius!) Only problem there is, I`m assuming that that sort of property is...

QUOTE (vbasic @ May 27 2008, 05:11 PM) OK then - I also understand that when foreclosed properties make their way back to the bank, the bank can still attempt to sell it for market value...making whatever profit they can. Is this correct? If so, either way, banks have nothing to lose and...

QUOTE (arroy @ May 27 2008, 04:24 PM) When should I lock in my variable rate and for how long? Tuesday, and for the whole day. The correct answer is whenever it makes you comfortable. They predict the prime rate may drop again by a quarter point, but it is only a prediction. If you are...

QUOTE (vbasic @ May 27 2008, 02:01 PM) For example, I know of two properties in foreclosure. One is a beautiful one-year-old home in a developing and prestigious neighborhood. There is no equity and it is currently listed with a realtor for full market value but not moving. The mortgage is not...

It can be quite a hassle, and there are plenty of landmines. Simple answer is to put the property under contract at $xxx.xxx amount and buy it as youself and/or assignee. This also however raises red flags to lenders and can cause problems if your potential buyers backout and you are stuck...

QUOTE (vbasic @ May 27 2008, 02:02 PM) Does anyone have experience negotiating short sales in Alberta? My information is that CMHC doesn`t allow banks to negotiate short sales because of insurance obligations. Is there someone "in the know" that could elaborate on this for me? If it is a high...

QUOTE (UTCVenturesLtd @ May 5 2008, 01:55 AM) From the Alberta market, it is in a cooling off period or plateau until we get more in-migration happening again. From what i understand, that could be about 2yrs and then slower paced price increases. As for one financial advisor that i know, he...

QUOTE (nepoez @ Apr 29 2008, 09:16 AM) Hm.. what does this mean to us? Lots of very motivated sellers. If it is vacant, they must be living somewhere else so they are now paying two mortgages, or a mortgage and rent or worse yet they were trying to flip the property and are now paying...

QUOTE (C2Ventures @ Apr 23 2008, 12:00 AM) Hard money typically consists of high interest, high fees, short term private money. Hard money can be used effectively in certain situations where traditional lenders are unavailable, but the deal has to be pretty sweet to make it work. One example...