Also, what are the economic fundamentals like in Thunderbay?? This may be what is holding off buyers, but I don`t know because I don`t have a clue about the economy in TB. On another note, we have been trying to buy a 12-24 suite apartment building here in Regina, SK for over 2 years and cannot...

QUOTE (wayneh @ Jan 26 2010, 10:49 PM) I am interested to know what the step-by-step procedures are for converting your RRSP`s into cash for real estate investing. How is this possible without paying tax as if you cashed in the RRSP`s. Wayne Harris Hi Wayne, You are not "cashing in your...

Thanks Tony, Makes sense for interest payments on a loan (such as 2nd mortgage) or dividends. How about if a we are making monthly interest payments into someones RRSP (via RRSP mortgage)...same boat, or not required as the payments are going into self directed RRSP and not taxable for the...

QUOTE (tonypeters @ Jan 23 2010, 01:18 PM) Andy, In accordance with CRA you have to submit a T5 for each investor whether they like it or not. I am not an accountant, so please seek advice from your own counsel, but I have utilized tens of millions of dollars of investment capital over the...

QUOTE (hardel @ Jan 8 2010, 05:51 PM) Hi All, I follow this board closely and I am learning all the time...Thanks! I was talking to my bank today about mortgage rates on a possible purchase of a rental property and he brought up the topic of purchasing life insurance. Property insurance, I...

Hi there, I am from Regina and may be able to help you out. Give me a call or drop me an email if you`d like to discuss some options around your Regina condo. Number is 535-2787 or email [email protected] Thanks!

Hi Travis, At first glance, there is no money in this deal if the mortgage is at $690 and current value around $700. A property at this price point will be very hard to rent for cashflow, and very hard to sell - think of your exit strategy and target market. My suggestion would be to move...

QUOTE (wgraham @ Dec 14 2009, 01:37 PM) http://www.rbc.com/economics/market/pdf/provfcst.pdf My take: [list type=decimal]Saskatchewan continues to defy REIN! They didn`t go down as hard as Alberta and are coming back swinging! I guess only time will tell on this one but you have got to hand it...

QUOTE (GoRentFreeFast @ Nov 20 2009, 04:28 PM) Is anyone else doing a `Sell & Rent Back` program for motivated sellers ? (i.e. we (an investor) buy their property at deeply discounted price from the seller and lease-to-own it back to them). We also pay for credit repair during the term of the...

QUOTE (JimSlobodzian @ Nov 19 2009, 08:27 PM) A prospective Lease Option tenant/buyer emailed me a question that has me stumped - He`s a first-time home buyer asking if he can use his RRSP`s or take advantage of the Home Buyers Plan with the Lease Option??? I`m thinking that this will only come...

Hello Lease Option Experts:We have a side by side duplex in Grande Prairie, AB that we have owned for 3 years and are strongly considering a Lease Option as our desired exit strategy. Due to my hectic schedule, I am seeking the assistance of an EXPERIENCED LEASE OPTION EXPERT to help us with...

Hi Tony, I have read a number of your recent posts and I am curious to learn more about your strategies. I was wondering if you could provide some real life examples of successful strategies that you are currently using. I saw the one about making $500K on what I would consider a very...

QUOTE (behardner @ Oct 30 2009, 10:40 AM) Hey Thomas have you ever heard of Yorkton Group ? If so do you know what kind of history they have ? You seem pretty educated on the subject so I figured I would ask. Kris Kris, I have checked out YG...this one is very simple, please take a look at...

QUOTE (therealpotentials @ Nov 6 2009, 09:36 PM) I have noticed that different mastermind groups are being formed in different parts of the country, but there has never been one in Edmonton. I am, therefore, posting this to propose that an Edmonton Mastermind Group be created. Does anybody want...

QUOTE (godlogl @ Oct 26 2009, 11:20 AM) Agreement for Sales – This technique takes a bit of selling to the Realtors and to the Sellers, it has been around for a long time but has not been used that much. In ten years of dealing with investors as a Realtor I have never done it ,,or really heard...

QUOTE (JimWhitelaw @ Oct 25 2009, 09:54 PM) I have my house buying website up and running and I`d appreciate some critical input on it. You can see it here: http://MrHouseBuyer.ca I tried to keep it simple and to the point. I`m mostly using online advertising to drive traffic to it (After I`ve...

QUOTE (EdRenkema @ Oct 23 2009, 10:39 AM) If this is out of your comfort zone why are you doing this? The whole idea is to gain control of the property without taking over title and mortgage, create the win for the buyer and the seller and make sure your payments coming in are more than the...

QUOTE (rjak @ Oct 23 2009, 08:30 AM) I have a possible "pretty house" deal that I would like comments on. The property ARV is $420,000 but the seller is willing to sell to me for what is owed $365,000. He is 1 month behind in payments but could bring current. His company declared bankruptcy...

QUOTE (ZanderRobertson @ Oct 22 2009, 02:49 PM) My understanding is that you`d have to offer below MAO as MAO is what you`d likely sell the house for (wholesale). So, you`d have to offer $77,000 max since the spread between MAO and your purchase price has to be minimum $10,000. If you`re...

Have found a potential UGLY HOUSE deal that I am in the process of evaluating. Here are the details: "We have a house we would like to sell in Eastview, it will need basement work, and top end will need updating and reno`s, but due to the fact that we have a large family and no time we opted not...