That's exactly what I mean Jim, free equity! It's very hard to find sellers willing to give away more than $10,000 in free equity. However, most of the time they are almost 100% financed. Ron mentions around 10-15% in free equity(no repairs) but it's really hard to find those types of...

$200,000 - $350,000 condo/townhouse. $400,000 - $600,000 house.

What's the minimun amount of equity do you guys require to take over a debt on AFS(no repairs needed)? Is $10,000 good enough? Thank you! Mario

Hi Andrea, what type of objections do you hear most of the time from sellers(eg. living the loan and title on their own name) and how do you deal with them? Also, what clauses do you usually put on your contracts when buying with AFS? Thank you for the great information! Mario

That helps a lot! Thank you Andrea! Mario

Thank you for the response Stephen and Andrea! I'm actually planning to do my flyers with fluorescent colors and use the "wolffs" sample. I'm just having difficult in picking a farm area. I'm looking for properties in Surrey(#1 in BC); however, I'm not sure which neighborhood to target to do...

Thanks Andrea! Have you ever tried this method? What are your thoughts? Mario

Does anyone know what's the best way to get flyers delivered to homes. I'll start doing the flyers campaign in Surrey BC to attract motivated sellers, but i'm not sure where to start. I'd appreciate if somebody can give me tips on that. Thanks! Mario

Great information Andrea! Thank you! Mario

Thank you Thomas and Chris! That clarifies a lot of my questions. Mario

Thank you Aaron! I'll try it out! Have you been getting good results with google adwords so far? In what type of marketing you are getting the best results? Thanks a lot! Mario

I'm going to start a google adwords campaign in my area to attract motivated sellers; however, it will be my first time. I was wondering if I could get some tips on using it effectively. What search terms would sellers most likely use ? How much should I expect to invest in this...

Can I also use those documents in Vancouver or they apply only to Alberta? Thanks! Mario

That would be nice!

QUOTE (DavidSandbrand @ Dec 17 2010, 06:41 PM) Hi Mario, Exactly. The condition I like is simply "Subject to the approval of the buyers lawyer" - this gives you the ultimate flexibility in choosing to proceed. With this one condition, you can still get an inspection, but it gives you...

QUOTE (DavidSandbrand @ Dec 17 2010, 02:08 PM) Absolutely Thomas, but what I was trying to impress on Mario is that he needs to go take action and write a conditional offer that he can get out of. It`s too easy in this business to stay behind a keyboard all day analyzing, and never take action...

QUOTE (DavidSandbrand @ Dec 16 2010, 06:22 PM) Mario, It sounds like you have a decent grasp on the situation. Do you have any specific questions? In general, I`d ask you if you felt the fair market rent plus an option payment could cover your costs and still provide you with some cash flow...

I`m working on a deal now and would really appreciate if I could get some input from the pros! The seller is willing to sell with an AFS, but i`m worried about the monthly payment. The deal is in Port Moody, BC. and it`s a condo 2/1, 881 sqf. Arv:$199,000( according mylandcor.com) Asking...

QUOTE (JimWhitelaw @ Dec 9 2010, 05:32 PM) I did run a yellow letter campaign, but I wasn`t thrilled with the results. I won`t go so far as to say "it doesn`t work" but it definitely needs some modification to be effective. Search for some of David Sandbrand`s posts (or better yet, contact him...

QUOTE (JimWhitelaw @ Dec 8 2010, 10:20 PM) I think you`ll find that most sellers on FSBO sites are like that. Not usually much motivation or unrealistic ideas about what the house is worth. I don`t do any FSBO prospecting, I use my own website mrhousebuyer.ca and my own marketing to have...