Even though I have been renting residential property for 16 years, I still regularly read the Act governing my province. It is important to stay on top of changes and be certain you are playing by the correct rules. When tenants play games, I simply state them the appropriate part of the Act and...

Reflecting back to the first post, perspective plays a major part in any investing. Mindset is critical. If I took the advice of many friends who go to work from 9-5, I would still be farming, unable to choose what I want and how I will get there. I have found that if I get educated (Knowledge)...

The win actually turned into $14, 200 so far, and it will likely grow as I re quote a number of other properties. I am now shopping mortgages to see what I can do on rates. The worst case is the lenders say NO. I encourage members to keep looking behind the curtain to see what you can uncover......

I love the thoughts on Alberta markets, and the Alberta government. Having lived and successfully invested in Saskatchewan, we have a very positive rental atmosphere and favourable business climate here. Many of the people that moved away in the 90's are coming home to take advantage of the...

A couple notable people that may be able to help you out are Stefan Aarnio (has been active in REIN) and Jason Greschuk. They are very active in the market and have some great contacts. Jason attended Edmonton ACRE in 2015. Both can be found via facebook. Their knowledge of Winnipeg and their...

If you have been to an ACRE, you will have heard about the sophisticated investment binder. It is basically a compilation of all your financial data- your NOA's, T2's, spreadsheets, lists of properties and so on. I recently updated my binder, and at the stage I am at after all the tax returns...

I recently attended a provincial Kin Canada conference and heard our past national president speak. Ron Hanishewsky used the 'line' as president: Inspire Others, Impact Many, and Imagine the Future. This is very parallel to what REIN gives to its members. The whole community working together...

I concur that I was also very pleased with the breakout sessions. The whole event has a whole new 'level of professionalism' since I started attending ACRE a few years back. The atmosphere is great, the people are fantastic and it truly felt like a 'big family', even though we live many miles...

The best deals can be found by acting quick but with caution. Here are a couple of my latest ongoing adventures with offers...... In the first case, there was a property with a bunch of crazy 'conditions' on making an offer. One of these was that you needed to give a deposit of 10% of your...

I love the end of your story: DanGolby "We had our first child in August of 2010 and when it came time for my wife to return to her high paying oil field job, she just gave them her notice and quit. Thanks to real estate we still live quite comfortably, save for our future, and our kids have a...

Thomas, I love your advice to the post and I strongly concur. My advice is to get familiar with REIN and surround yourself with great people. Attend ACRE, and conferences such as Investors Forum put on by CREW. Knowledge is power, and things generally get easier with experience. I am young at...

I found two golden nuggets near Hanna this summer- namely two great used modular homes. One home was being sold by a family that had built a big new home. They had the large new Atco? powerline come across their property and got a huge windfall (and likely the reason for the new home). Hence...

I am happy and sad about the end of summer- I only realized how annoying things can get with summer and holidays... As such, it seemed like all the people making my business run took time off at the wrong time. My house mover got married and was away when we were already wasy behing. My...

I have read many books that talk about philanthropy and giving and just wanted to share a few ideas. I have been involved in a number of organizations/ institutions, and as such, I have been instrumental in setting up a few scholarships. In the first case, it was with Melfort Kinsmen. It's...

I have a couple thgoughts on point2homes.com- they have an office in Saskatoon, and seem to have created a successful business. I do find that listings will hit their site before mls sometimes, and they can be sorted by listing date. This is great to find all the 'new' listings quickly. There is...

Using a line of credit on your primary residence can also free up cash for investment purposes depending on the rate you want to grow. Keep in mind that the interest on the investment portion is a deductible expense. This could free up 130k at a 75% LTV for further investment. This echoes some...

When I joined REIN, I got the Multi-Family Investing secrets books and audio. I have been through the audio twice and feel it has been beneficial. The more a person gets involved in RE, the more useful the content. I am sure there are some members with the books where you live that would be...

Excellent thoughts on becoming an absentee owner to Dans post. The critical thing here is building a good TEAM to manage your property, or using a reputable PM company with a team in place. Initially, I had a difficult time myself in hiring others to do work which I could do. When I started...

On my first rental many years ago after finishing university, I scraped together $10,000 as my down payment on a suited house. Fast forward 6 years, and the investment was paid off. I was naive at the time, and didn't understand things well, so I refinanced the property and used the money to...

Congratulations on following your dreams! I have had somewhat similar experiences with the seminar thing. I think the first one I attended was through an online ad. It was for a seminar put on by the Trump Organization labelled 'The Trump Entrepreneur Apprenticeship.' I took the course, and...