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  1. smmcguire

    Rent to Own: Buying from Selling to same occupant

    QUOTE (Aneta @ Mar 4 2010, 02:35 PM) Would this scenario be legal? * Current owner occupant has mortgage trouble and cannot re-qualify for a mortgage today. Current owner has lived in property many years and has built up equity (let`s say 25% of current value). Current owner would like to keep...
  2. smmcguire

    Added Value - Lease Option Protection

    QUOTE (markl @ Jan 18 2010, 03:40 PM) Thanks Barry,That`s a great addition to my Lease Option Documents.Regards, Hi Mark We met at ALIFE in Toronto in Oct. it was great to meet you in person. I`m hoping you can help with an issue we discussed a little at that event. My Lawyer has been asking if...
  3. smmcguire

    Ottawa-Gatinea Insurance

    QUOTE (asanchez @ Dec 14 2009, 11:36 AM) Looking for recommendations for insurance broker in Ottawa-Gatineau area. use co-operators
  4. smmcguire

    Quick-Turn Seller Pre-screening Tips

    [Dear Tony I just spent the week-end reading a book called Creative Real estate Investing, very interesting. That said ... I`m not really in need of a script at this time as I already have a few from a fellow in Edmonton. I am however, curious if your wife is still looking for you to evict...
  5. smmcguire

    Does CMHC Discriminate against Certain Groups of Society?

    QUOTE (MikeMilovick @ Oct 16 2009, 07:33 PM) Dear REIN Members; Recently I have had legal fourplex (think apartment building) declined on the basis that the appraisal deemed the building as "student lodging." Occupants were indeed students, but each unit was rented as a household - one lease...
  6. smmcguire

    Major Mistakes of New Landlords

    QUOTE (jwilbrin @ Jun 8 2009, 01:38 PM) 11. Not insisting that renters take out Renters Insurance; explain to them why it is important to have renters insurance and ask them to provide proof of their policy. Remember to get copies of their renewals every year. 12. Not educating their tenants...
  7. smmcguire

    Educational REIN Posts by Thomas Beyer

    QUOTE (thomasbeyer2000 @ Apr 18 2009, 12:59 PM) I noticed a lot of new REIN members and ACRE workshop attendees lately. Welcome ! You made a wise choice to further your education and go from "Ready, set, set, set, set ..." to GO. Here are some common REIN posts that I have done over the...
  8. smmcguire

    Please help me decide on job compatibility with Real Estate...

    she says you can expect most anything. They will have positions in areas but its up to you to accept. All the info you need is on ca. gov`t web site I think its public service canada. Just a note, The pay is really good and its a great spring board for investing. All the banks loan to fed. gov`t...
  9. smmcguire

    Please help me decide on job compatibility with Real Estate...

    QUOTE (jessandy @ Feb 28 2009, 02:27 PM) thanks alot guys, i'll check it out. ps. does anyone know if i can choose where to work? I'II ask my wife,she might be able to shed some light on it. Give me 15 min. to find her.
  10. smmcguire

    Any way around the 25% down

    QUOTE (MikeMilovick @ Jan 24 2009, 09:39 PM) Hi Sam; Please explain. 1. Applying for credit is a hit (derogatory) on your bureau. 2. Your application is processed over a couple of days - although your initial hit is done likely over the phone. 3. The lending institution will not do another hit...
  11. smmcguire

    Any way around the 25% down

    QUOTE (MikeMilovick @ Jan 24 2009, 09:07 PM) I do not think the 95% CMHC program is appropriate for tenanted investment property. Its believe its stricitly for residential application (i.e. owner use) only. Why not try stringing together some lines of credit - get one at PC Financial and one at...
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