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  1. RedlineBrett

    Simultaneous Close... Advise needed.

    Contact a hard money lender and show them both contracts. They'll charge you a few thousand dollars to borrow a few hundred thousand for a few hours while you wait for the buyer to buy it from you. Will probably be cheaper than the 3 months interest you would pay to break a conventional loan...
  2. RedlineBrett

    Mortgage Interest Role in Cap Rate and Accounting Net Income Calculation

    Interesting insight Brent - Thanks for posting.
  3. RedlineBrett

    tenant wanting month to month lease after 1 year term expired

    Tenants need 3 tenancy month's s notice for termination of a month to month lease. You would issue them the termination notice then offer them a new lease at the rate you want them at. Make them re-apply if neccessary. Either way you can't get someone in there for Jan 1 unless the tenant...
  4. RedlineBrett

    Just closed on a 36 unit building in Calgary

    Got an engineering degree - got a real job - bought condo -got my real estate license - busted my a$$ working two jobs for 3 years - opened a brokerage - busted my a$$ for 3 more years and witnessed the market skyrocket then dive bomb - impressed enough family, friends and business acquaintances...
  5. RedlineBrett

    Canadian Cities - Average Price To Rent Ratio - How does your city stack up?

    You can get that data you just need a particularly shrewd real estate agent to get you the stats you need. The trouble is each local board reports their averages with different inclusions and this can change over time as new management of these boards are elected and new people take over...
  6. RedlineBrett

    Is a Property Management License required?

    Here is a link to the real estate act http://www.qp.alberta.ca/documents/Acts/R05.pdf You need a license to trade in real estate. Trade as it relates to property management is defined as follows: "(s.1) `property management` includes any of the following: (i) leasing or offering to...
  7. RedlineBrett

    Property Manager Keeping Lease Confidential

    It depends. What's in your management contract? Does it stiplulate that you have access to the managers prorietary documents? My lease is 6 pages long and has been worked over countless times and reviewed by several lawyers. I have a lot invested in it. I'm not exactly crazy about...
  8. RedlineBrett

    Managing Other People`s Real Estate Without a License? Few Questions...

    Here is a link to the real estate act http://www.qp.alberta.ca/documents/Acts/R05.pdf within it it says the following "(s.1) `property management` includes any of the following: (i) leasing or offering to lease real estate or negotiating or approving, or offering to negotiate or...
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