The Valhalla highrise condo here in Edmonton had a fire in one suite last week. 46 other suites sustained water and/or smoke damage. See whole story: http://bit.ly/dKenXZ 110 NOT DAMAGED, but everybody has to move out for at least 4 months. Apparently, they found asbestos that needs to be...

I was only there for part of the session so don`t know how those deals worked out. A number of them that I saw presented from the stage looked like all the elements were there so they certainly had a good chance to work out. Thanks Gary for those kind words, gives me a boost as I do final...

Hi Travis, Donna and I have been working on some new & exciting stuff for our upcoming Deal-Ready Documents Focus Workshop. (Saturday, May 15th in Calgary - call the REIN office to register! ) We have created a handy AFS Assignment form that might fit the bill for you (attached to this...

Hi Travis. Good advice by Antay and it works fine where want to let your buyers take over your position in the AFS which is private financing. For Antay and everyone else who likes to add the words," and/or nominee" to the buyer`s name at the beginning of the real estate purchase contract, this...

There is a good discussion of your question in the current thread," Round robin failure needs advice" Cheers Barry

Very useful comments by Brett. anyone interested in this creative strategy should re-read those comments as well as the excerpts from the Real Estate Act. I would also caution everyone to never ever say to a seller as you discuss the creative strategy, "I will sell your house for you". Brett...

Hi Scott. By liens do you mean mortgages to banks, builders liens or writs of execution from successful lawsuits? let`s say you mean all of these. For anyone who has a financial claim against a property, successful discounting of their lien depends on them believing that they won`t get all of...

Hi folks, We`re ready to give you the tools to do Options, Lease-Options and Agreements For Sale. Saturday, May 15th at the Radisson Airport Hotel. And we`ve expanded our modules on Options, Lease-Options and Agreements For Sale! It means more hands-on time, more exercises and role-playing...

Thanks for all the input, folks. Still working out a few kinks, but I believe that it can be great! I will continue to add Tales From The Trenches and other helpful info, and please let me know if there`s any content you`d like to see. Cheers,

I think you use the standard type of contract that your lawyer sent you. If you are wholesaling you can modify the contract or add schedules to achieve what you want. Wholesaling is a more senior strategy. It involves an intimate knowledge of buying, selling, financing, timing, psychology... I...

The question of how you deal with this situation depends on how you look at it and what will get you what you are trying to achieve. CMHC/lenders suggest the best way to do it is to put all the $$$ an account where you hold $$$ in trust for the tenant buyer. That works very well for...

Wow, I didn`t realize how much work goes into creating a website! After much agonizing and edits, we now have something that I`m pretty proud of. I want this website to be a helpful tool for all real estate investors. Your feedback would be very much appreciated. Visit My Website Thank you!

Hi Antay. Where/when should you get the lawyer involved? You know, it`s different for every situation. Especially when you`re starting out, creative real estate by its very nature is not a cookie-cutter operation. I think you educate yourself as much as you can, pick a strategy and then get...

Time for me to chime in here. David, I`m pretty sure this is your philosophy and this is the way you are going to handle things but to reiterate: 1. We all believe in doing our best to make every situation win-win. In this circumstance it that means to me that your seller clearly has to...

Hi Jody, would love to answer the question but can`t cause I don`t know what those lawyers are thinking. Sounds like your lawyer`s view that seller needs independent legal advice has already been taken care of, that is , the seller has talked to his lawyer and that lawyer doesn`t like it...

Our Red Deer Focus Workshop on `Deal-Ready Documents` was a huge success, (see comments in RedDeerWilliam`s thread, "Barry`s January Workshop..."). Members are asking for more, so here we go. WHEN: Saturday, March 6th in Calgary, WHERE: Coast Plaza Hotel, 1316 - 33 St NE HOW: Call the...

Good point Adam. Property development has no resemblance to the kind of real estate investing done by most REIN members. It is a quantum leap up in terms of difficulty and issues. Very difficult to do any diligence that means anything to you. Only gamble on this with $$$ you don`t care if you...

You would have to find a lender who would accept a pledge of your equity in the property secured most likely by a promissory note registered against the property by way of a caveat. Before spending a lot of time finding a lender, check with Olympia on whether the above described scenario is an...

Hi David. Thank you for those kind words. I too think my Deal-Ready Documents Focus Workshop is fantastic. However, it doesn`t matter what I think. It is your own opinion that counts. I have some ideas for a second edition of that workshop and will start a new thread to discuss. Now onto your...

I’ve been fielding a lot of questions from REIN members who are running into low equity or no equity Agreement for Sale (AFS) situations. While I cover this in quite a lot of detail in my ‘Deal-Ready Documents’ Focus Workshop, here is an abbreviated comment that should help... Explaining the...