Speaking of arts and crafts... once I enlarged the photo of the paystub, I could see it said "canadapaystubs.com" and "watermarks will be removed in final copy." Check out this link: http://www.canadapaystubs.com/ He used that site to create a professional-looking paystub; except without...

I received his paystub a moment ago. He didn't even get the company name correct (forgot "Inc."), and several letters that should have been capitalized were not. I called the location listed on the paystub and they had never heard of him, so not only is he not a district manager, but also he...

I've been wondering that myself. Perhaps it's worth a call. The problem is these people have my contact information and know where one of my properties is. That's an uncomfortable feeling.

Haven't been able to do an online search in Alberta yet. Must visit a Provincial Courthouse (or QB) and ask for it. There seems to be only one or two staff in many courthouses who know what we're requesting, but we always manage to get it. Costs $10 per person. I believe other provinces have...

We have a lovely half-duplex for rent to own in SW Edmonton. I met a couple yesterday who would love to rent the property and enter an option contract as soon as they have the required minimum option payment. They completed the application in great detail, including volunteering the fact they...

Interesting "due on sale" case law for my Alberta Agreement for Sale colleagues: In Royal Bank of Canada v. Freeborn, it was decided "due on sale clauses are contrary to the principle expressed in what is now section 150 of the Land Titles Act." It was the judge's opinion the section permits...

The "Rent-to-Own Success! in Canada" program is the one I meant.

I couldn't disagree more. First, a responsible RTO company who only accepts tenants with a good possibility of getting mortgages within the next 2 - 3 years should have a much higher success rate. (Companies praying on people with no hope to qualify should absolutely "go extinct.") Second, RTO...

Mark's book is great and I recommend it, but it doesn't go into much operational detail. Donna McGuire teamed with Mark to create an RTO workbook containing a lot of detail and sample contracts, etc.

One of the biggest challenges of a tenant-first business model is it is largely dependent on the market. It works great when markets are rising, so you can charge the 5 and 6% per year mark-ups required to get excellent ROI when paying full market value for properties. It won't work in a flat...

If the buyer has 10% down, he may be able to buy conventionally with the other 10% being in the form of a VTB (vendor take-back mortgage) if his bank allows it. So title would transfer and you would basically have a second mortgage against his house. If he has less than 10%, you could sell via...

We use Sadler Insurance. Excellent rental policies and good prices. Talk to Steve Hambly. (780) 433-4426

Rent to own is simple in theory but can be very complicated in execution. I wouldn't recommend RTO for new investors and I wouldn't recommend it for anyone without getting some education first. Barry McGuire offers an excellent course on RTO and other creative investing techniques. Please...

Try Steve Hambly at Sadler Insurance. [email protected]

The RTDRS will not enforce a re-letting fee. However, we include it in our leases and deduct it from the security deposit (for tenant turnover not involving the RTDRS) because it was agreed upon in the contract. The RTDRS definition of damages includes "lost revenue." Yes, you must prove...

Our three new up/down's were contracted in late 2014 (before the oil slump) and not completed until spring of 2016 (recession in Alberta). Our rents for each property are $300 below what they would have been at the time we contracted the build. Because these are quality properties in a good...

Another key to obtaining mortgages is to avoid personal debt (car loans, credit card debt, etc.). Car loans and other personal debt can have a huge impact on your personal DCR, and can be a roadblock even if your portfolio is performing well.

High cashflow is the best strategy for residential mortgages (that, and don't quit your day job). Most of our properties are either suited houses or RTO, both of which have huge cashflow. Our average DCR is about 1.7. Amazingly, we have yet to hit the wall (aside from bank limits such as...

The tenants are contemplating buying it. If not, it'll be up for sale when they move, possibly with some life remaining on the AFS term. :)

Could you clarify what you mean by "off set the passive income from the rental property?" Are you trying to zero out your income for tax purposes? As for advantages and disadvantages, there have literally been books written on the subject, so you'll have to be more specific.