If the tenant chooses to move out, then I choose another exit strategy for the property... rent, rent-to-own or sell. If the tenant still wants to buy, but needs more time... my RTO agreements allow the tenant to extend the option indefinitely and the buy-out price increases every month.

It's a lot easier to sell the AFS concept to an individual motivated seller, than it is to their "advisors". You may also need to sell the concept to their family, friends, lawyers and whoever they take advice from. At some point you need to put something in writing that these "advisors" can...

Some REIN members (and myself) work with Scott Pushman in Oshawa. See this post from Luke... http://myreinspace.com/search/rein_members_only/Canadian_Quick_Turn_Real_Estate/108-18837-96212-Quick_Turn_Lawyer_East_of_GTA.html#96212

I've used cover letters in the past, but recently re-read an article by Jim Whitelaw on this forum that talked about using a Letter of Intent. I think an LOI would be stronger and better for lawyers to understand. Below is an example of what i've put in a cover letter, but you need to make it...

When I present someone with an AFS or "non-standard" agreement, I always put my lawyer's contact info on the paperwork and encourage the seller to have their lawyer contact mine with any questions. I've had a couple lawyers contact my lawyer and say "I haven't seen one of these AFS's in 15-20...

Hi Bajic, I've bought properties using Agreements for Sale. It's a good solution in some situations. The situations where I find it helps the seller (and makes me money too!) is when the seller can avoid a large mortgage pre-payment penalty and avoid realtor fees. Agreements for sale have...

I find "living below your means" can be more fun and less stressful. It helped me save money for investments and have left over funds to enjoy. Housing and vehicle expenses are two of the largest costs to control. Smaller cars and smaller apartments/houses have lower monthly debt payments...

As long as I can remember Oshawa has been in either the REIN top 10 list or the top 15 list (aka the tier 2 towns). It's also right beside another top 10 town, Whitby. I've bought several properties in Oshawa and Whitby. With the low house prices, Oshawa is great for cashflow. I find there...

I focus on Toronto, Scarborough & Durham. I took Ron's Quick Start course and I'm currently taking the coaching he offers. Quick turn is working for me because I work it. I have the books and CDs that came with Ron's Quick Start (I guess that's the home study course); the books are...

Hi Tim, I'll be at ACRE this weekend and I've been doing Quick Turn full time for 3 years. I've mostly done assignments and buy-fix-sells in the past. From my experience there is plenty of money to be made in rehabbing and adding value to properties. Thanks to Ron Legrand, I've recently...

Hi Tim, Another REIN member who lives 10 minutes from Colborne is helping me with that property. I just got it under contract in the past couple days. The East Gwillimbury property just went on MLS in the past week. So now there is a realtor commission to be paid. The seller was open to...

Realtors help me with comparables, supply me with land registry details, and they sell my houses for me after I do a rehab. Compensation from realtors can be in the form of these services. I've been able to convert plenty of seller leads into houses sold through realtors. Also keep in mind...

Your question got me curious about what other investors are doing. Here are links to older discussions about this topic: http://myreinspace.com/rein_members_only1/f/85/p/5381/24610.aspx#24610 http://myreinspace.com/public_forums1/f/62/p/7319/38087.aspx#38087 I've used both FSBO agreements...

Anyone want a motivated seller lead in Colborne, Ontario? The owner wants to sell for the mortgage balance. Monthly PITI is reasonable for cash-flowing and the house is in good condition. Colborne is just off the 401 between Cobourg & Trenton... anyone interested in following up with this...

I've only been using Google adwords to find motivated sellers for a few weeks. But before that I've used adwords for other marketing. Use keyword tools to find search terms that sellers are likely to use. Here's a link to the Google Adwords Keyword Tool...

I`m of the mind set to go out and make some money before you incorporate. When you`re making $100,000 per year with quick turn then you definitely want to get some advice on incorporating. You can also get a deal under contract in your personal name, get advice from your lawyer & accountant...

I get lots of calls using both long distance and local numbers. I`ve been using a toll free number for years and I`ve had plenty of success with it. More recently I`ve started using local numbers. The type of advertising I do determines which phone number I use. A good source for local...

Thanks for the advice and resources Jim. I gave the sellers a purchase and sale agreement with some AFS related clauses. I made it clear that my lawyer would draft further documentation. I also wrote a cover letter for more clarity of intent. Naturally the sellers aren`t too keen on the...

I have a seller who will sell their house for what they owe on it. I want to present them with a Ron-Legrand-style "Loan Take Over (Get The Title)". I`ve never done this type of deal before. My question is... What paperwork should I present to the seller to get initial communication and...

If you want a reliable contractor who does what he says he`ll do, then call George. You can get his phone number or email from his website... http://www.greenrenos.com He`s based in the GTA west-end. (Etobicoke) George and crew have done good renovations for me.