QUOTE (Dejavu @ Oct 21 2009, 08:02 PM) This is probably a dumb question....but what do you put as return address? Somehow it feels a little "difficult" to put my own home address on a 1000 unsolicited letters I am about to send out... How about a post office box number...or leave blank.

QUOTE (investmart @ Oct 11 2009, 09:47 PM) Relax - 15% is not a representative number. perhaps you had higher expenses in the beginning however first year of ownership does not represent the rest. your maintenance and repair cost is expected to be half, around 7-8% on an average month. now smile...

Your properties are cashflowing OK at current interest rates, but your rents appear to be quite high...is that sustainable? I would hold out if you can as they are not costing you anything right now. Your tenants are paying down your mortgage every month and values will go up, in time, but be...

QUOTE (travis @ Oct 10 2009, 06:21 PM) Does anyone know if this event is sold out? I plan on calling the REIN office on Tuesday (recently moved to Calgary from out east) to register as a REIN member and, hopefully, buy a ticket to the legendary Ron LeGrand. Thank You. Yes Travis...I understand...

QUOTE (Cam @ Oct 10 2009, 08:01 PM) Hi folks,Question for the renovated inclined.. I`m doing some reno`s on a townhouse we just bought. Our plan is to rent it and hold it for 5 years or so. Right now it has some UGLY carpets throughout the whole main and upstairs (3 bedrooms). I want to put...

QUOTE (Millions @ Oct 5 2009, 10:07 PM) Hey Everyone, I just got a mortgage through scotiabank and noticed that you can double up a payment and skip a payment. Im thinking you can do this once a year. Since I dont intend on keeping the property for 35 years until its paid off, do you...

QUOTE (ronwin @ Oct 4 2009, 11:07 AM) I am looking for recommendations of a commercial residential realtor in Regina that has experience with apartment buildings (6-12 units) that are 20-35 years old. In addition any recommendations on property management firms as well would be appreciated...

We are attending the Ron Legrand course in Edmonton in October. We have received some of the initial emails etc, and are planning to implement Ron`s "Yellow Letter" mailout strategy before we attend the seminar.I`d like to do a mass (unaddressed) direct mailout to a targeted market area in the...

I thought I would open up this post again to see if anyone has any additional comments to share. Anyone have any experiences with Liberty Gate Investment Corp in Edmonton, AB - good, bad or otherwise... If so, I like to hear from you...send me an email to [email protected] Regards,

We also use Grasshopper and are very happy with it. Visit http://grasshopper.com/tae

You DO NOT need to meet face to face! We live in SK and have bought properties in AB. The process is relatively simple. They courier all of the paperwork, which needs to be signed/witnessed in front of a Notary Public, then sent back. We also send a copy of our drivers license and passport as...

QUOTE (DarrylFlint @ Sep 24 2009, 08:26 PM) HI ALL...I`ve been at this game for a while now and FINALLY it looks as though I am about to do my first RRSP 2nd deal. It seems relatively simple except that I think maybe I am missing one of the fundamentals somewhere. Please help me to understand...

QUOTE (hanwellboy @ Sep 23 2009, 04:42 PM) I currently have my personal home mortgage through Firstline. They seem easier to deal with than the major banks. I just wanted to get some opinions on what other investors use. I`m looking at getting a mortgage for a home I hope to offer up as a...

QUOTE (PaulKlann @ Sep 15 2009, 10:35 AM) Thanks to you all for the great info. I checked with Olympia and they do not allow balloon payments at the mortgage maturity. Is there a Trust administrator that deals in Alberta arms length mortgages that allows for a one time payment at maturation...

Nope..unless you have a reason to incorporate...don`t! Unless you plan on acquiring say 10+ properties and making real estate your full time BUSINESS. There are no tax advantages to holding single family residential properties in a corp unless you have a good sized portfolio. Also banks will...

QUOTE (thomasbeyer2000 @ Sep 6 2009, 11:15 AM) You assume that the developer does not go out of business. A 5 year net lease agreement means NOTHING as the developer, as is often the case with such wild futuristic rent proposals, may chose to go out of business if the economy turns negative. I...

I was just speaking to a contact of mine in Eastern Canada who is working on an exclusive investment option with a developer in Saint John, NB.This developer is selling off 40 newly constructed townhome units. Price for the 2 bedroom townhomes is $150,000 and the interesting part is that the...

Hi Kris, Just following up to see how you made out with your investment decisions...hope the information helped you make a more informed decision. Regards,

QUOTE (prairiern @ Aug 29 2009, 11:57 AM) Hi I am a techno cave girl but I will give it a shot. Purchase price 338k with GST. 100% on 2 different HELOC's Monthly expenses = $900 interest ONLY, 270 taxes, 225 PM, 50 insurance, 50 H2O, for a total of $1495. I deliberately did not factor in...

Yes, essentially what you would be doing is called a Vendor Take Back. You become the bank and are holding a mortgage on the said property at the terms and conditions you and the buyer agree to. Any real estate lawyer can set this up very easily. A few things to think about... What is the...