We are asking another potential JV partner to seek independent legal council. After the last time (our partner was scared out of the deal by the lawyer), we want to be more cautious. Our partner has asked us to recommend lawyers. Barry McGuire is our lawyer, so we can`t use him. Do any of...

I found a bank that is paying 4% with no fees and no minimum balances. It is called People`s Trust (www.peoplestrust.com) and their savings account is called People`s Choice. Check it out.

We`re reading a book by David Bach, and he recommends hiring a financial advisor to help us reach our dreams. He said in order to avoid picking someone who is just another salesperson, pushing his or her pet funds, that we need to ask successful (wealthy) people for their recommendations. He...

I agree that rents vary depending on many factors such as location and amenities. The point that I wanted to make is that there are properties out there that will produce positive cash flow. A person just has to look and not get discouraged.

We found two bedroom apartments renting for 1300-1500 in the SW, a one bedroom for $1000 in Bonnie Doon and a bachelor for $975 in Garneau.

Rents seem to be rising substantially in Edmonton. We have been shopping for new Edmonton properties this summer and have been pleased with the higher rents. We have found cash flowing properties, since the selling prices have been dropping for months and the rents have been increasing. I`m sure...

I am so thankful to REIN for training us to see through the fog of such ridiculous "news" reports. This is so absurd, it`s laughable. I have read several articles within the past three days and they have all contradicted each other. This CTV report is one of the worst I`ve seen. Reports like...

This article contradicts the one in the Edmonton Joural this week that said housing sales were up in Edmonton by over 14% in July.

We have some great opportunities ready for those of you who want to invest in the Edmonton or Grande Prairie market. We are dealing on four properties right now, three in Southwest Edmonton and one in Grande Prairie. Two of the Edmonton properties are apartment condos and one is a carriage home...

Thanks, Monte. That`s helpful.

Can you please tell me how you did your marketing? We would like to reach the out-of-town renters, too.

Can I ask how much of an investment it took to bring about the changes in your suite?

Has anyone noticed that rents have dropped in Grande Prairie? What are you getting for 3 bedroom duplexes? We have one available in August, and our PM tells us that rents are dropping. What has your experience been?

We are investigating ways to maximize our investments, and the topic of RRSP`s has come up again. We are committed to RE investment and are focused on the 17-3 program, etc. and are making great headway. Our properties are paying for themselves and we have begun working with JV partners, so...

Can someone please explain how a rent-to-own agreement works? We may have a candidate for that type of rental agreement, but we don`t know how to set it up.

Wow! That`s a good deal. I agree with you, Kim, about relationships. We are getting a mortgage from a local banker, and she is knocking herself out for us. She is paying for the appraisal and giving us a 40-year amortization. She even rolled back the interest rate on a HELOC for our...

Thanks to both of you for those responses. Your insight is very helpful.

QUOTE (coinebro @ Jul 27 2008, 09:36 AM) We invest mainly in BC. Is there anything specific you wqant to know about the area. What type of property? What price range? The area is Agnes Street, near the Skytrain and Taylor College. It`s a high-rise apartment condo with underground parking...

Get involved with REIN, if you haven`t already, and keep learning. Here`s a good quote about the importance of knowledge: “The most important factor in this equation (referring to wealth building) is knowledge. When it comes to managing your finances and creating wealth, knowledge really is...

We have been asked to JV with someone in New Westminster, B.C. We are unfamiliar with the B.C. market. We are looking into it and would appreciate talking to someone who invests there already.