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  1. EdRenkema

    What`s behind the curtain - What due dilligence should be done before signing up for a course?

    QUOTE (KevinMatwichuk @ Jan 28 2010, 10:08 AM) Dude! Easy on the Red Bull this time of day! Wasn`t trying to make a point, just passing on some topic related information that I thought might be interested to some (ie. You might be interested in watching market place this Friday). If you have...
  2. EdRenkema

    What`s behind the curtain - What due dilligence should be done before signing up for a course?

    QUOTE (KevinMatwichuk @ Jan 28 2010, 09:27 AM) CBC Market Place this Friday - Who`s getting rich off Rich Dad? http://www.cbc.ca/marketplace/2010/road_to...h_dad/main.html Going to these seminars always really makes me appreciate REIN! So what was the point? A one minute clip that said...
  3. EdRenkema

    $500k in Profit!

    QUOTE (MikeMilovick @ Jan 26 2010, 03:13 PM) I encourage my buyer clients to invest, not speculate. Enjoy your $$$$$. You were lucky. Its awesome to see someone guess right. Mike Hey Mike as a buyer - I invested in student housing and as a seller - I speculated (a little) but failing that I...
  4. EdRenkema

    Another `WHY` You Should Join

    QUOTE (invst4profit @ Jan 27 2010, 06:46 PM) My question to members would be what is your opinion on joining if you do not intend to continue to grow with time. What if your intention is to own 2,3 or maybe 5 units and then stop. Greg it seems your only measuring stick of such an organization...
  5. EdRenkema

    9pm tonight call with Ron LeGrand

    Can anyone who will be on this call post here to let us know if the call will be recorded and how to locate it? Thanks
  6. EdRenkema

    Trying to buy my first home (my own). Researching like mad. Suffering info overload. Need focus, advice.

    QUOTE (housingrental @ Jan 25 2010, 09:12 PM) Can someone summarize this post in 1 paragraph so I can comment?Adam - the only poster more wordy than you Johnny - don`t hurry - STOP - find some professionals whose best interest is to help you maximize your purchase according to lifestyle and...
  7. EdRenkema

    Residential Condo trade for Commercial

    QUOTE (ThomasBeyer @ Jan 25 2010, 09:45 PM) if condo was 230K 2 years ago it is 160K or less today in Kimberley. Based on what? Are you currently in the Kimberley market? When were you there last? Do you have comps? I was there several days ago. The unit next to mine closed for $262K a month...
  8. EdRenkema

    Residential Condo trade for Commercial

    QUOTE (WJW @ Jan 25 2010, 10:01 AM) Hi Ed, I hope I`m reading your question right....I would make the offer to the vendor conditional on obtaining the current tenants committment to the AFS or seller financing, just as you would do if you were to make the offer conditional on bank financing or...
  9. EdRenkema

    RE Accountant and Realtor

    QUOTE (tahani @ Jan 25 2010, 06:51 PM) I work with George Dube who is located in Kitchener. he is great and I recomend him. After 3 times I was about to answer myself Yup - Dube and Associates, they are great, RE oriented and very professional.
  10. EdRenkema

    Residential Condo trade for Commercial

    QUOTE (housingrental @ Jan 24 2010, 09:21 PM) Hi Ed, If current renter defaults, what will your position be? Ie whats the market value of the shop? How easy will it be to tenant? Do you have interest to carry it and put tens of thousands into leasehold improvements if there is a change over...
  11. EdRenkema

    Residential Condo trade for Commercial

    I have a condo in Kimberley BC that is vacant since June 09, not getting renters, now listed for $230K a similar unit in building is listed at $249,900 but market is dead. There is a commercial building in town with apartments upstairs and 5 commercial rentals down. The vendor has renovated...
  12. EdRenkema

    Why joining REIN was the best desicision of my life

    QUOTE (housingrental @ Jan 24 2010, 06:09 PM) Ray thank you for all your help and kindness, you are truly an inspiration. I appreciate you. I second that, even tho Ray labelled me a trouble maker and `outsider` at the recent Alberta all day workshop Ray`s the real deal, laid back, down to...
  13. EdRenkema

    How to get rich overnight

    Well said Godfried. Very fundamental statements, I still have my day/night job, its down to 2 or 3 days a week and very reliable and flexible. Believe it or not I like working - hands on, what I don`t like is other people making decisions for me, I`ve been at this RE thing intesively for just...
  14. EdRenkema

    My first sale

    QUOTE (MitchCollins @ Jan 19 2010, 11:35 AM) It's nice to actually cash in a property and get the 'cheque' isn't i Thank you... Yes it's nice
  15. EdRenkema

    Calgary rental market

    QUOTE (VicChung @ Jan 17 2010, 12:58 PM) Hi Everyone, My rental leases expire between the month of April-September. I have been out of the rental market since last September. January is the time of the year when I am trying to get a feel of the demand in the Calgary market. My research...
  16. EdRenkema

    Keep Focused and Be Yourself...

    QUOTE (NeilUttamsingh @ Jan 16 2010, 06:32 PM) Here is the e-mail that I received tonight. This is a definite success for me. --------------------------- Hi Neil, Just wanted to thank you for your blog, your genuine input and enthusiasm are infectious. I admire, your jump in with both feet...
  17. EdRenkema

    My first sale

    So I sold my first property. This was a student rental that I purchased just after joining REIN in November 2007. I paid $178K and at the time it was rented to 5 students for $1950 per month. It fit the system so I bought it, sounds simple but it wasn`t, huge learning curve, but great cashflow...
  18. EdRenkema

    Harvard Or Yale

    What about paying their own way? It is a certain way to motivate them to work hard at it, thats what I did, I manged to get myself off academic probation in one semester and actually received honours later on. I`m not saying there is only one way what I`m questioning is why is it deemed a...
  19. EdRenkema

    Sellers with agent seek offers before listing on MLS.

    QUOTE (holymoly @ Jan 13 2010, 08:49 AM) I got an email from a RE agent that starts: "We have just listed two properties that are being readied for sale under the Multiple Listing Service banner. You will find details on www.morethanahome.ca (featured properties). The Sellers would be happy to...
  20. EdRenkema

    Hilariously bad real estate ad photo on Ellen

    QUOTE (CarlaJohnson @ Jan 12 2010, 07:21 AM) Just caught this one on Ellen yesterday. It`s the 3rd photo in the segment. Enjoy! http://ellen.warnerbros.com/videos/?mediaK...isShareURL=true What no realtors commenting?? Especially on the line "this guy doesn`t have a realtor he`s obviously...
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