QUOTE (regis22mx @ Mar 16 2009, 03:09 PM) Are these companies able to help with credit check for tenants in Edmonotn, AB? Yes - they can do a credit check on anyone you can get enough information for... It costs around $20-25 per check, though if you do multiple checks at the same time, you...

rentcheckcorp is cheaper and you get a REIN discount. As a REIN member I believe there is no sign up fee. You get reports from transunion and equifax.

I agree - great post Tammy!

QUOTE (thomasbeyer2000 @ Mar 13 2009, 10:16 AM) Benefits to a person owning is it is easier to get a mortgage usually and costs a bit less. Option b) is cleaner but slightly more costly to set-up and maintain annually. So can I do option a, in my name, and still pay my investors a fixed rate of...

Hi Steve, I`ve been thinking about the exact same question and would prefer answers to your question instead of alternatives.... (e.g. get a CMHC insured mortgage) One alternative I`ve come up with, is to provide my investors with a guaranteed return (e.g. 10% interest only per year, paid out...

QUOTE (shangb @ Mar 13 2009, 09:26 AM) Just to be clear, I have not SOLD the property. I simply want to re-finance it to take advantage of lower rates. Considering you paid of the LOC originally, if you got another LOC - you`d have to show what you did with the funds from that LOC to see...

It depends what you invest the money in. If you buy boats for your cottage, then no. If you buy stocks, real estate, or gold as an investment then yes.

QUOTE (mortgageman @ Mar 1 2009, 01:48 AM) One of my tenants paid her rent by email this month. It was incredibly easy and bang, the money is there right away. Plus instant record keeping done for you. And as far as I can tell there was no fee. Email money transfers are limited to $1000 per day...

Considering if you go to his weekend and you buy a piece of commercial real estate in one year he`ll give you your money back, I`d say yes. However, I haven`t gone before, and can`t go this time because I`ll be away. If I was available I`d be there...

Are you sure it`s their HELOCs or just their unsecured LOCs? I know they did that to my unsecured LOCs.

If anyone out there has a "great" plumber in Edmonton, could you please post their info. Thanks

Does anyone have the updated number for this recommended plumber: Aaron Kreb - 780-952-1766 - Edmonton Thanks

QUOTE (markl @ Jan 29 2009, 07:21 AM) Rent To Owns are deemed by the CRA to be active income in the same way flipping a house would be because your original intention is to sell the property. They count it as inventory. Thanks Mark. First, if I owned a house for a while (2 years) and I was...

Mark, Could you explain more about the taxes please. Thanks Sean QUOTE (markl @ Jan 6 2009, 02:46 PM) I think RTO are great as well obviously it is all I am doing right now. To me this is a great and easy way of wealth accumulation. 2 draw backs to RTO are it is active income taxed at the...

I`m sorry I just nearly spit my soup all over the computer screen as I read this statement... I assume you meant assistance and that the period was to abreviate the word.... Still that`s the funniest thing I`ve read all day... QUOTE (dcres @ Jan 27 2009, 11:52 AM) After the August REIN Real...

Hi Russell, I think that`s a great idea. Questions that I`d ask a young RE investor are: 1. How did you convince your conservative parents, your conservative "older" family and their conservative friends that investing in Real Estate would be a smart investment. 2. What methods did you use...

Can your rent cover three biweekly payments in a month, because you will have two months a year when three payments come out of your bank account. We prefer to go with monthly payments, so we know what our cash flow will be.

Excellent - thanks so much!

QUOTE (Bill @ Jan 14 2009, 11:45 AM) I fear it`s getting more confusing now? I hope not. Not at all - I get it 100% Thanks so much!

Bill thanks so much - this is exactly the explanation I wanted! I can install everything simply enough, I just need a key guy to make them all up. Thanks so much! Garth - thanks for the reference. I assume he`s in Calgary. I assume I can call him and let him know what I have and need and...