Congratulations Jim! QUOTE (JimWhitelaw @ Feb 27 2010, 09:41 PM) Well, my first quick turn deal is now done. I`m on a `working vacation` in Florida - my wife and kids are taking in Disney World; I`m at another Ron LeGrand event. Fortunately for me, members of my "power team" did the work of...

Karma, I would recommend that you speak with your lawyer, but if you structure the deal correctly, you should not have to pay the land transfer tax, because you will not be taking title to the property. Essentially you are "moving the paper" to someone else for a small (finders) fee...

Karma, I am not aware of all the details, but from what you have shared, I do not see much opportunity here. One word of caution: Remember what I told you about stepping over the "charity" line? While you must always ensure that you create a Win, Win for all stakeholders involved, you cannot...

John, You hit the nail right on the head! The Canadian Privacy Act prohibits the sharing of this type of information. QUOTE (JohnSoucie @ Feb 8 2010, 02:41 PM) You just pulled up 2 US list companies but admitedly not the main players you typically see. But right from the Marc Publishing...

That sounds great Jim! Remember to take a photo copy of the cheque and put it somewhere that you can see it every day. It will serve as a great MOTIVATOR for you! Make sure you keep your marketing machine CRANKED up! If you do, you will find many more deals just like this one! P.S. Once...

Hey Jim, Just wondering if you have received your "give-up your day job soon" cheque yet? QUOTE (JimWhitelaw @ Jan 13 2010, 08:52 AM) They are going to renovate and flip. Yes, I left something on the table for them.

Jody, I have used a lot of RRSP money over the years, but I have never tried to leverage off of equity in a "AFS" (Agreement For Sale) situation. A nice idea, but you may very well run into some roadblocks on this one. Why? Not that many years ago RRSP`s were abused by many as a result of...

David, I would like to extend a BIG REIN welcome to you! QUOTE (Luong98 @ Feb 4 2010, 01:53 AM) Hi Everyone, I would just like to properly introduced myself. My name is David Luong and I`ve been... I guess you can say, trolling around this forum for a couple of years off and on. I`m not a...

Alison,I am not fully conversant with all of the real estate rules and regulations in BC, so it would be best advised for you to consult with your own legal counsel. However, with that said, I can offer you this; technically speaking the "AFS" is a Residential Real Estate Purchase Contract with...

You`re very welcome Gord! I am glad to hear it was of benefit to you. QUOTE (GordonDaniel @ Feb 1 2010, 12:51 PM) Great info, thanks Tony! Gord

Chad,A great question!Before I provide you with an answer to your question, I would first like to review some of the various Creative Real Estate Investing strategies that are available for implementation. This is extremely important! As I have stated before, there appears to be quite a lot of...

Hey Phillip, I would love to sit down with you and discuss over a coffee. Let me know when you have some time? QUOTE (PhilipMcKernan @ Jan 26 2010, 05:53 PM) More than happy to help Tony. I dont have all the answers but I have picked up a lot about the industry.

Mike, I could not agree with you or Don more, you have to be extremely careful when purchasing "pre-construction". Given that I transact on the volume of properties that I do, and given that I keep an extremely close eye on the "fundamentals", I typically create more wins than losses. And if...

Great stuff Barry! As always, thanks for sharing! QUOTE (BarryMcGuire @ Jan 26 2010, 10:40 AM) I`ve been fielding a lot of questions from REIN members who are running into low equity or no equity Agreement for Sale (AFS) situations. While I cover this in quite a lot of detail in my...

Carene, I have provided you with some feedback with respect to your questions on another post you responded to. It is titled $500k in profit. QUOTE (Carene @ Jan 26 2010, 12:04 PM) QUESTION to everyone doing RTO. I know Edmontion is a great investment town, but I live in Vancouver and I...

Carene, Thank you for your positive feedback and your support, as it is truly appreciated! Maybe the best way I can answer your question is with this statement...It`s all about the marketing! I took marketing VERY seriously when I first started my real estate investing career. Why? Because I...

Joel, I remember you sharing this deal with me when we met in Calgary. Based on what I already know of the vendors underlying motivation and personal situation, I really don`t see how you could possibly make this one work. Remember what I said: You should NEVER want to purchase a house MORE...

Mark is 100% correct! I ALWAYS take control of making sure the Property Taxes, Insurance and Condo Fees (if applicable) are paid, that way I have full control of the property. I also like to disclose these numbers with my Tenant/Buyers, that way I have the ability to increase my monthly...

Vener, In cases where I have not already established a "relationship" and or a "track record" with the person or couple in question, I ALWAYS start off by structuring a "Lease To Own" type contract, as this process provides me with sufficient time to "test drive" the individuals in question...

Lucas, One of the "KEY" benefits of Lease To Own is "increased" monthly cash flow. With this in mind, your combined "Lease and Option" monthly payment should be substantially higher than any rent you would collect. Remember, you are dealing with a "Tenant/Buyer" and not a "Renter". I have...