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  1. Anonymous

    9 Condos For Sale - Inner City Calgary (Motivated Seller)

    9 Condos For Sale - Inner City Calgary 8 One Bedroom Units ( 551-617 Sq Ft ) 1 Two Bedroom Unit ( 768 Sq Ft ) All Units are Renovated All Units are Currently Rented All Units Cash Flow Surface & Underground Parking In-suite Laundry in Some Units Priced to Sell. Seller Will Finance...
  2. Anonymous

    Canadian in the US

    I never bought real estate in the US but I worked there a number of years as a Canadian citizen. I found the partners George Dube CA / Peter Cuttini CA,CPA very helpful for cross-border tax issues.
  3. Anonymous

    HGTV-Income Property

    What surprises me is I never see anything about REIN on the show Income Property. I know a tad about REIN and the process of income property and investment and this guy on Income Property really needs to be a investor and not a speculator.
  4. Anonymous

    Vacancy Rates

    I like using the Rental Market Reports published twice a year by CMHC because they drill right down to zones within major cities and they also isolate suite types (1br, 2br etc.) and show average rent within that so you can roughly compare to your properties...
  5. Anonymous

    Can anything be done?

    Ok, so we got the Bank's Lawyer to tell us who the contact at the bank is. And then we phoned the contact and explained the situation. The contact said that we could stay until the end of October as long as we issued a bank draft for the rent. Now the really clincher will be to see if Shane...
  6. Anonymous

    Can anything be done?

    I phoned the Alberta Tenancy branch and they told me that because of the nature of the situation, that being a bankruptcy of the landlord and that the bank would be taking the property back. The agreements with the tenant and the landlord are considered null and void. The bank is within their...
  7. Anonymous

    Can anything be done?

    We were notifed by the lawyer of the bank that holds the mortgage on the house. And technically if the property was sold to another landlord we would get 3 months but the bank's agreement supersedes that of ours with the landlord. Thought maybe legally we could appeal to the bank to pay them...
  8. Anonymous

    Can anything be done?

    For the last two years we have been renting a house in Okotoks and saving for a house to be built. We finally put a down payment on a house to be built and it will be complete the first week of November. However, now we have been notified that our landlord has lost the house we have been staying...
  9. Anonymous

    JV Question - Is it possible for both partners to be on title when only one is on the mortgage?

    Thanks Thomas. I appreciate your quick response. Chris, I fully agree.
  10. Anonymous

    JV Question - Is it possible for both partners to be on title when only one is on the mortgage?

    Regarding a joint venture, can both partners be on title if only one is on the mortgage? I am the non-mortgage partner and am looking for the least expensive way to protect my interest in the property (condo). We will have a joint venture agreement in place. I recall Thomas Beyer advising...
  11. Anonymous

    Resource for Landlords Tenants in BC

    Hello fellow investors and landlords. I've just started up a new site for BC Landlords and Tenants. Would love some feedback if you have time - www.TenantsBC.ca Many thanks!
  12. Anonymous

    Assignment of Sale to Investor

    I am doing my first non-family JV with an Investor. He will be the only one on title; however I am the one putting in the offer and doing the negotiating. On the Offer to Purchase, I believe I have to allow for an assignment of sale. My Realtor gave me the wording - "The buyer reserves the...
  13. Anonymous

    Need to buy insurance for a condo?

    I would recommend it as well. I carry insurance on all my condos (as riders off my homeowner policy). It doesn't cost that much and gives me peace of mind. I use Canadian Northern Shield because they allow up to 8 rentals on one homeowner policy. Here's some things you should consider...
  14. Anonymous

    Tell me the Canadian people are smarter than this

    Sadly, I think people forget the follies of past Political parties. Or they are swayed by the current leader saying he is a different person and that could never happen now. However, if you do your Due Diligence and research the roots of these parties and the foundational thinking you would draw...
  15. Anonymous

    Joint Venture - Investor gets all the cash flow

    Just another thought. Perhaps I tell my investor that instead of giving him all the cash flow, we do a 60/40 split on the profit from sale? And I still keep the 10% management fee. I think I like this idea better.
  16. Anonymous

    Joint Venture - Investor gets all the cash flow

    Thanks Thomas. These are all things I need to figure out. I suppose a reserve of a certain $$ amount would be wise to cover shortfalls, but that doesn't really sweeten the deal for the investor. So what I'm seeing is this - it simply looks like a better deal to him, although he'll probably...
  17. Anonymous

    Joint Venture - Investor gets all the cash flow

    I have a potential investor who is interested in doing a joint venture with me on a cash flowing condo. All the JVs I have done have been completely 50/50 partnerships with both parties on title and mortgage. The investor in this deal will be putting in all the cash, and I will manage the...
  18. Anonymous

    Rent to Own in Okotoks

    Anyone have a list of placed to find rent to own companies in the Okotoks area? We are sitting on pins and needles with our current rented house seeing as the land lord looks to have walked away from the mortgage. Do not know the time frame yet, but want to prepare.
  19. Anonymous

    Rema?

    I use to be a REIN member and was wondering how things are? Did Rema ever get ported over to a OSX platform? How about integration with Iphones? BB? Android? Push server?
  20. Anonymous

    Yet another call for assistance!

    Thank you for the advice everyone! My apologies about the location. I am looking for a lawyer in the GTA.
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