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  1. gwasser

    realtor conflict of interest

    QUOTE (safsad @ Oct 26 2010, 10:48 AM) Is it wise to you buy a property from a listing realtor directly[multiplex]? I have been looking at a property recently and am having difficulty determining whose side the realtor is on-he is obviously in a position of strength because he knows exactly what...
  2. gwasser

    No need to throw out the bath water with the baby!

    QUOTE (bizaro86 @ Oct 26 2010, 08:01 AM) I would carefully consider how much money you want to put into this. If your best case scenario is that you end up with 20,000 of equity in a property, after putting 20,000 into legal fees, mortgage arrears, etc, then you should probably walk away, as...
  3. gwasser

    Milton=Positive Cash Flow

    QUOTE (afshinrein @ Oct 23 2010, 10:00 PM) Ok. I heard it. I think it is fare to give you the whole picture as is. The value of properties I get is around $300,00 this gives me $1500/month of rent, base on 35 years amort. with variable rate and I put 20% down. Do the calculation. You should...
  4. gwasser

    Calling all Mortgage brokers

    QUOTE (RobMacdonald @ Oct 21 2010, 11:48 PM) Brokers are not limited by provincial jurisdiction. So basically, most brokers on this forum may be interested in taking a look at the application. If the clients are will to pay a higher interest rate for a cashback `no downpayment` mortgage, then...
  5. gwasser

    Pulling comps - Ron LeGrand style

    QUOTE (JimWhitelaw @ Oct 21 2010, 09:08 PM) Oops, I forgot to answer this earlier. The site has launched at http://www.easyhomebuycanada.com/ and I`m always open to feedback on ways we can improve the site. //sorry for the threadjack Jim, This website is a great idea. For new RTO investors...
  6. gwasser

    What do you think of Mayor-Elect Nenshi?

    QUOTE (bizaro86 @ Oct 22 2010, 08:50 AM) I board the train at Crowfoot in the morning, and often the seats are full from there, and I sometimes can`t even get on the train on my commute home, so I appreciate that getting on in Sunnyside isn`t viable right nMichael So if the seats are already...
  7. gwasser

    What do you think of Mayor-Elect Nenshi?

    QUOTE (bizaro86 @ Oct 21 2010, 03:18 PM) I definitely meant the potential for densification as a positive. I think it would make city services more economical to deliver, as well as providing critical mass for local, walkable business, making Calgary a more livable city in general. Michael...
  8. gwasser

    Realtor Code of Ethics

    QUOTE (bizaro86 @ Oct 21 2010, 03:25 PM) I seriously considered getting a real estate license when I realized I`d be buying a bunch of properties, not to work as a realtor, but to harvest the buyer`s end of the commission on my own deals, as at first blush the commissions seemed high. The...
  9. gwasser

    The TSX has broken out of it`s trading range

    While we`re at it: Here are a summary of TODAY`s economic measurements taken from Colin Cieszynski at GlobeInvestor: Major companies that beat the street include: Caterpillar (CAT), McDonalds (MCD), Nokia (NOK), eBay (EBAY), Union Pacific (UNP), UPS (UPS) and Ryder Â. Economic News...
  10. gwasser

    The TSX has broken out of it`s trading range

    QUOTE (wealthyboomer @ Oct 20 2010, 11:58 PM) What are commodities telling us? Oct 18th 2010, THE statistics pages at the back of The Economist have always been a useful guide, because they provide perspective from the daily volatility of the markets. So it is particularly instructive to look...
  11. gwasser

    Realtor Code of Ethics

    QUOTE (bizaro86 @ Oct 21 2010, 09:21 AM) I haven`t been vocal about commissions being too high. I use a full service realtor, and get a significant Michael Sorry Michael, I was a bit hasher in that statement than intended.
  12. gwasser

    What do you think of Mayor-Elect Nenshi?

    QUOTE (bizaro86 @ Oct 21 2010, 08:20 AM) I like him, voted for him, and convinced others to vote for him. Something about how he had actual ideas for the city, as opposed to just warmed over platitudes. As to his effect on real estate, his platform supported secondary suites in any owner...
  13. gwasser

    Realtor Code of Ethics

    QUOTE (bizaro86 @ Oct 21 2010, 08:38 AM) A disadvantage to holding a real estate license, no? Michael A lot of people suspect that the new MLS rules will make commissions go down. I suspect the opposite is also possible. First of all, the new rules will make it even more disadvantageous for...
  14. gwasser

    Bonds Are A Terrible Investment Warren Buffett

    QUOTE (bizaro86 @ Oct 20 2010, 09:35 AM) Thank you for posting this! I liked his definition of a recession, that it ends when real per capita GDP reaches its pre-recession high. That would be when people are, on average, are as well off as they were before. At approximately 19:20, he...
  15. gwasser

    Realtor Code of Ethics

    QUOTE (Berubeland @ Oct 20 2010, 05:40 AM) There is a code of ethics and the agent should be reported here http://www.reco.on.ca/ I have two friends who are real estate investors, they live on the same street. Last year a Power of Sale was on their street. They called multiple time and never...
  16. gwasser

    Looking for advice on rrsp, drips, couchpotato

    QUOTE (bizaro86 @ Oct 19 2010, 11:35 AM) Ultimately when doing paper investments the type of investment made and the tax-account treatment are separate (if related) decisions. DRIPs and other strategies are great, and you can certainly do them in your RRSP, you might want to also think about...
  17. gwasser

    Pulling comps - Ron LeGrand style

    QUOTE (GaryMcGowan @ Oct 14 2010, 11:59 AM) I`ve searched high and low, This seems to be the easiest way. The turn around time is usually under 4 hours. I`m pulling title to confirm there is nothing else registered on the title that shouldn`t be there. I`m looking for any surprises that the...
  18. gwasser

    Pulling comps - Ron LeGrand style

    QUOTE (GaryMcGowan @ Oct 13 2010, 08:38 PM) 1. Review the homes that are for sale on the mls in the area 2. Once you think there is an opportunity ask your Realtor to pull comps To pull title in Ontario I use ontariotitlesearch.ca it cost $69 + taxes. Or I have my lawyer quickly do it, or you...
  19. gwasser

    The TSX has broken out of it`s trading range

    QUOTE (MikeMcC874 @ Oct 13 2010, 06:33 PM) Lol, sold my Sketchers stock today for 20% in one month... Tomorrow is Corning at 10% or so Gonna hold AMD and Impax for a little longer even though I am approaching 20% in the same month The rest, well, not worth writing home about... Mike Mike...
  20. gwasser

    The TSX has broken out of it`s trading range

    QUOTE (gwasser @ Oct 11 2010, 04:21 PM) He Ed, you must love this short post - a picture though is worth a 1000 words, so maybe still too long? This is a follow-up on the posting: "The TSX has broken out of it`s trading range" of October 8, 2010. Now the Dow is about to break-out as well...
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