Brett, face your fear. Adopt him yourself. You can do this. Once climbed, no mountain seems quite as high as it did from the base.

QUOTE (thomasbeyer2000 @ Jul 7 2009, 06:17 PM) or maybe never ! A great idea worth doing .. great stimulus for the economy, great show casing "low carbon emmissions" for Alberta and a world class tourist attraction .. especially if mag lev and not conventional rail based !! Mag Lev?? Thomas...

Common now as CMHC is very busy, especially with a huge workload in commercial and multi-family lending due to commercial lenders all but vacating that market. Their timelines are part of their sandbox - a large quasi-government organization. Get a letter from your Brokerage and/or CMHC to the...

I too was blown away by this event - maybe the best one in my 6+ years in REIN. We heard many different viewpoints, stories and solutions. We all do things differently and it was great to hear how success comes in so many forms. One of the key learnings I took away from this past weekend is...

This is one for the Landlord to look after (not personally of course)

I think it`s pretty simple, and I like numbers. Multiply the impact of this discussion site by 100 and you`ll have a good sense of the value of a REIN membership.

Like Philip, I am jazzed about this weekend`s REIN meeting, maybe more than any since my first in May of 2003. I remember talking to Don about the project for this meeting many months ago (last year in fact), so you have to know a ton of work has gone into putting this event together. And while...

Why not use the standard form Purchase and Sale Contract as used by all Realtors in your province? It is free and all real estate lawyers know it inside out. Don`t make the Seller or their Agent (if they have one) or their lawyer have to deal with a one-off unique contract if you can avoid it...

I`m not an Accountant, but I think I remember learning years ago that if you live in a unit of the building when you sell it, and have designated that unit as your principal residence, that you could have that unit appraised at time of sale (unless the units are identical and therefore it would...

There are a few threads with all you need to know in these forums - do a search and you will find them. My preferred Trustee where he can aet up a Self Directed account is Olympia Trust. Hope that hslps get you started.

QUOTE (jgg123 @ Jun 23 2009, 12:43 PM) House with a basement suite? Good point. You can buy up to a 4-plex with a CMHC insured mortgage at 5% down providing you live in one unit. Live free and enjoy a good investment, without the risk associated with an illegal or non-conforming suite (Calgary...

You may want to hold off buying your principal residence for a while as noted in other posts, but ask your employer how long they will hold their offer of contribution to that purchase for. When you buy think about taking advantage of of the fact your employer will pay the cost of the mortgage...

QUOTE (hassan88 @ Jun 22 2009, 06:50 PM) After hearing from members its evident that becoming a REIN member is the best way to go. I will be going to one of the REIN meetings and become a member. I have 7k saved up and if need be I can always take a look at a LOC (I hope thats enough money to...

QUOTE (thomasbeyer2000 @ Jun 22 2009, 06:43 PM) I'd strongly DISAGREE !! We just bought a condo for our kids near UofA in Edmonton. I wrote the offer .. and it was unclear who would buy: a corporation, me, my wife, our daughter, our son, maybe 2 together .. Also in our commercial...

Ed, we had an Edmonton Eskimo in one of our furnished rentals for a few months last year. He was great and the money was good. Interview and investigate him jsut like any others. I`d suggest the ones to watch out for are the linebackers - they are crazy, all of them. Linemen are the smartest...

21. Not collecting the Security Deposit before the Tenants move in. 22. Not applying a partial advance payment made by a new tenant before they move in to the rent and instead to the Security Deposit. If the Tenant does not move in you must return the Security Deposit but you may keep the rent...

Ken, I have lent 2nd mortgages to many property owners over the years, and have had to foreclose only once. That was a great learning experience for me. We collected all our money, all the interest and interest arrears, and all our legal costs. It took less than 2 months to get a Judgement and...

Val, it will depend on your pension and investment income, and on the financial performance of the investment properties that you purchase. Talk to a mortgage agent who understands the needs of investors. If your credit history is good and you have enough income to fund your living costs (as...

QUOTE (Rybo123 @ Jun 11 2009, 08:26 AM) ATB Financial is still offering there 3.5% 5 year locked in 25 y amort. Bank of Canada does say they planned to leave the rate unchange but do hint at inflation coming into effect which they are helping to trigger with there "quantitative easing." they...

QUOTE (Dan_Eisenhauer @ Jun 11 2009, 11:03 AM) I guess I should have done a search first, because I just posted a link in another post to all the reports from across the country. They can be found here. NB: After posting the above, I looked at some of the city reports. Not all, if any, have...