As stated above, seeing the property is vital and finding a contractor will take some research, as you may very well get quotes based on their work load. Sometimes contractors will bid high, as they may be too busy to take on more and this could be their justification for the addition. I'm not...

Using "No Money" meaning acquiring houses(Assets) Free. They cash flow easier with no borrowed Down Payment or out of pocket expenses, of course due diligence still is a factor. The post is a new investor, but I'm just commenting on the "Anyone In REIN" comment.

Many of us have bought with the REIN system using no money!

Where is your market? Is $35000.00 a lot or just enough? I'll assume it's a lot and that you are not in downtown Vancouver/Toronto. The purchase price would also help to determine the above. Example: If they give you $35000.00 and your purchase price is $450,000.00, then obviously 5% is...

Hey Neill, is your OTP contract amended to reflect this or did you capture this situation with verbiage in the original contract?

1. Looks like they don't have that option to buy back anymore, assuming all of your documentation is up to snuff. Since your posts heading, is "RTO Ethics", I think, Ethically, a new contract is in order, IF they presently qualify. If not, can you put them on a monthly accountable program with...

ACRE Live would be a great choice, as it starts from the real beginning "Economic Fundamental Research" and continues on in order of each required step to buy an investment. You will probably be overwhelmed, but at least you get to take all points home with you in ACRE binder. ACRE now has...

Hi Janepher: I definitely 2nd Thomas's "hiring an expert" idea, as for your test ad, you'll find yourself talking to just about every renter in town if you don't screen many of them out. Qualified RTO clients are usually in 1 of 2 situations 1. They have money and fair credit (but really bad...

We may not be able to paint that picture for you personally, as you are not a Tenant Buyer. Here's an example for the purposes of your "Scenario". Place yourself in the shoes of a divorced spouse who has lost their home in which they lived in for x amount of years, they never feel at home while...

Excellent post Joey, when your tenants are moving out and feel bad , then I guess we've done something right. I love the F.I.R.E. acronym, I will start using it! Mine is "Never argue with my tenants" , listen, let them vent and respond in a calm manner. Be proactive and keep the...

We can do all the homework we want, but unfortunately this does happen and in my case the husband was offered "Fly-In / Fly-out" at the end of the 2nd year of a 3 year term. We actually kept the relationship , I'll say "ok" and he signed a quit claim document I attained from Barry McGuire. My...

I'm assuming you mean by "above market rents" is including the option money and their upside is forced down payment savings in a program that works hard to ensure they will qualify, hence Sherilynn's comment "Responsible Manner". As for selling the property to them above market value - when you...

Pick up Greg Habstritt's "The RRSP Secret" book, as he touches on this topic as well, but it's mostly arms-length borrowing and lending.

Hi Rod: You definitely won't regret it, as there are a couple of strategies within the course that I believe the new investor can do! There are multiple strategies and some that will take time sinking in between your ears , but it only takes one to at least make your money back and when that...

I'm not a foreclosure expert, but OK with using all statements of a contract as a negotiating tool. Since the seller is out of the picture, schedule A-1, pg.3, section 5 seems fair for a lender to add. As for section 7, the environmental contamination may be a huge cost and a good negotiating...

When I started out, I thought I was going to get educated on "How to retire through Real Estate education, How to buy a rental property" only to get hit with all this "mindset" education stuff. Well, it took quite a few years for that to really sink in, even after I bought the first few...

If you're brand new and looking to buy that very first property, Rays post really helps to remove the fear. As yourself and T.Harv Eker says "Read, Fire, Aim". Your post is also extremely helpful as well, especially when you own it and now have to aim!

And most people worry about having to maintain a property! Well , hopefully this excellent article you have written puts the next ride to the rental suite for maintenance in perspective!

Hi Brandon: If you buy and go through in great detail, Russells "JV Secrets" binder, it will definitely help present a deal to a potential investor. If it is indeed a deal, you are trustable, and can show them how well their money is protected(compared to other investments), then you're...

Sorry Brandon, you are correct, as you mentioned you were new, and most people think of Wholeselling as I explained above! Good on you for taking the course!