I am going to assume you are taking on the existing tenants, is that correct?

I would consider joining REIN as a member. You will be able to attend meetings to network and access members posts. Exellent way to get you name out there, plus you can market to REIN members as well. My REIN membership has paid me pack ten fold.

Thanks Jeff! It is in the works to find the answers to those questions.

Yay! Now we just need to convince you to do a bootcamp in ON!

Ok what about this? Say I get it for 170 and decide to reno and sell for 250. I`ve approached private lenders and they want me to have 25% down and pay for lawyers fees and another fee anywhere from 1000 to 3000. From what I have read this should be based on the ARV not on the purchase price...

I understand what you are saying, I wasn`t trying to focus on "who" rather more on the wording they are using in the description. It seem there is alot of confusion over this, just trying to get clairification.

In an AFS when would the Realtor receive their commission? If its later rather than sooner, I can see why it would be hard to convince one to it. I would guess this works best on FSBO.

have fun! I like the site otherwise, clean and simple. So many sites these days are so full of garbage it hurts the eyes.

Mark, can you give an example of the RTO sites that are offering a "top up"? I have yet to see one and I would like to see the wording. I have seen the interest free loans offered however. You have now peaked my curiosity especially since CMHC states the down payment must be “Any source that is...

Oh defiantly Brett, at 228 for sure not big enough. As far as I can tell it was just the on price reduction in Aug. There are some real nice homes there(I just drove by 5 min ago) and it is for sure vacant. I don`t even know if I will do anything on it, not know all the techniques, but it is so...

Rob is right, if you are not closing for 10 months why would you need to show it now? I`ve had long closes before and had to show it 90 days before close. You need a different broker/lender.

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No you are absolutly right. I have not spoke with the seller. I`m just curious to see what other people would do in this situation. It is interesting though. sitting on a vacant house and dropped the price 22 grand in Aug and still no sale. I would expect that the flippers out there have made...

Ok all you new quick turn pros! I did not attend the bootcamp, although I intend to if it happens in ON. I have been following these posts and I am intriged to see what your opinion is on an "ugly house" I have had my eye on for months. A nice 1600 sf side split bungalow with attached garage and...

Looks good! One thing is all the pictures are blurry except for the main one of the exterior.

Can I jump on this band wagon?

I`m sorry, it does not work that way.

What is wrong with the Joint bank account? If you give the payment to the owner direct, what happens if they decide to spend it? Sure the banks will go after them, however you could end up losing in the end if the bank takes back the property, right?

Why not REIN? I am skeptical of her claims. I'm sure others can elaborate. This has been discussed before. http://myreinspace.com/rein_members_only/Financing/89-13398-Domino_Mortgage_Strategy_48_Properties_and_No_JV.html

I was trying hard to stay away from this one, however it didn`t work. I have strong feelings when it comes to this man. Great marketer. He wants to sell books, and he does. Just like people pick up newspapers with the Doom and Gloom headlines. It just sells better. And I agree with Brett, it`s...