Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

Search results

  1. Alvaro Sanchez

    Self Direct RRSP Question

    You can lend your RRSP funds as first/second mortgages to other individuals. Try to read THE RRSP SECRET book from Greg Habstritt.
  2. Alvaro Sanchez

    Help my friend to RTO her own home to avoid foreclosure?

    Stay away from these cases where the person wants to do an RTO but in fact they need a refinance. There are people who specialize on these cases so ask her to contact a mortgage broker. Unless of course you want to help your friend and if you do, note that this would not be an money investment...
  3. Alvaro Sanchez

    Business licence and residential accommodation Permit - Edmonton

    If you own the business that in turn own its assets, I do not see why you would need a license to manage own assets. I am not in Alberta so I would call the city directly.
  4. Alvaro Sanchez

    Business licence and residential accommodation Permit - Edmonton

    I am not sure but I would check if you have an exception as you manage own assets. In order to manage properties for other people in Alberta, I think you require a license. I would call the city to get a clarification on this.
  5. Alvaro Sanchez

    Resilient Electric Heated Floor

    I would try it for a high end housing but not for student rental.
  6. Alvaro Sanchez

    Capital gain - Land

    Thanks, land was held for development purposes.
  7. Alvaro Sanchez

    Capital gain - Land

    I have the opportunity to get some land (5 acres) in two lots of 2.5 acre each next to a property that I am currently negotiating. The land is currently held in a corporate structure (that owns other property). I am looking for a creative ways to defer/minimize capital gain taxes for the seller...
  8. Alvaro Sanchez

    Second mortgages - Quebec (Olympia Trust Company is now able to administer Arm's Length Mortgages)

    Olympia Trust Company is now able to administer Arm's Length Mortgages in Quebec. For more information please contact [email protected] http://rsp.olympiatrust.com/plans Contact: Monica Chung A Subsidiary of OFGI, TSX: OLY PH: 403.261.8458 Toll Free: 1.877.565.0001
  9. Alvaro Sanchez

    Required Disclosure to Banks with JV

    Use your own cash to close on the property and then bring a JV later if required.
  10. Alvaro Sanchez

    How to Handle small damage with tenant moving out?

    Move-in/out inspections are a must to document conditions and actually set the tone. However, as part of your business, you should budget repairs such paint, drywall, carpets (if any), cleaning, etc. and factor them into your cost and rent. If damages are more than normal wear/tear then advice...
  11. Alvaro Sanchez

    Required Disclosure to Banks with JV

    If your JV does not want to be on mortgage/title then you can always bring him after you close on the property. This is no difference than having a property already in place and you bring a JV later (or replace a JV).
  12. Alvaro Sanchez

    investing in mortgages

    Just this morning another REIN member remind me about a really good book that I would recommend that you take a look. The is "The RRSP Secret" from Greg Habstritt
  13. Alvaro Sanchez

    Mortgage Broker referral needed in GTA

    The broker is not required to be on a specific location. It would be more of the type of property (residential/commercial). For residential, I recommend the ones on my team (I am not a broker) http://www.rent2own.ottawagatineaurentals.com/Rent2own/Team Commercial: Try Chad Robinson who is...
  14. Alvaro Sanchez

    need some help

    If you are planning to invest, contact a realtor who is also an investor.
  15. Alvaro Sanchez

    To buy my first home or buy investment property?

    I would recommend to get a purpose build duplex/triplex instead of having a house with a basement unit. Properties that have basement suites/nanny suites are the most challenging properties to manage as you have to deal with noise, share utilities, shared laundry, shared parking, etc. I find...
  16. Alvaro Sanchez

    Private sale

    Once you agreed in principal on a price for the property with the seller, you might want to ask your lawyer/notary to write up the offer to purchase with proper terms and conditions (financing, inspection, terms, etc) then ask seller to meet with lawyer for signing. The lawyer will ask seller to...
  17. Alvaro Sanchez

    Help find a property in <Ottawa> to buy and fix

    Try Tony Miller (aka Mr.Ottawa) who is a realtor in Ottawa and REIN member. He might be able to help you 613-620-7989
  18. Alvaro Sanchez

    What to do if unit doesn't rent?

    Tina, Thanks for the offer but I am not the one who needs the help.
  19. Alvaro Sanchez

    Ottawa area Realtor Wanted

    You might want to contact Tony Miller 613-620-7989 (Residential) who is a REIN member or Ken Beaton 613-256-4309 (Commercial/Multifamily) Ken is not a REIN member but he has plenty of experience on the area (He is based in Carleton Place).
  20. Alvaro Sanchez

    What to do if unit doesn't rent?

    I would say that it might be the market right now or marketing not inline with tenant profile. I checked your ad on kijiji and unit show really nice and clean. You might also check around as other might be way too low or not doing credit checks making more easy to get someone approved. Also try...
Back
Top Bottom