Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

Search results

  1. GaryW

    Making a legal suite

    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...
  2. GaryW

    Off to a frustrating start!

    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.
  3. GaryW

    Off to a frustrating start!

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

    Our home is ok, we did lose one rental(up/down). I've been all over Thailand, except your area...

    Our home is ok, we did lose one rental(up/down). I've been all over Thailand, except your area, Chon Buri, Rayong, Chantaburi, Trat. I don't get to BC very often, but would certainly take you up on that offer if we do. We also have a home in Edmonton, so your welcome as well. Choke Dee my friend!
  5. GaryW

    Sawasdee Khrap Khun Colin! My wife is also Thai and we met in Ao Nang, Krabi. I moved them here...

    Sawasdee Khrap Khun Colin! My wife is also Thai and we met in Ao Nang, Krabi. I moved them here to Fort McMurray in 2009! What part is your wife from?
  6. GaryW

    RTO Question....... well kinda of a RTO

    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...
  7. GaryW

    RTO Ethics

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

    RTO Ethics

    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...
  9. GaryW

    New Member - What event should I attend first?

    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...
  10. GaryW

    RTO HELP

    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...
  11. GaryW

    Rent to Own complications

    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...
  12. GaryW

    How to find and keep good tenants using the F.I.R.E. method

    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...
  13. GaryW

    Hi Christine, great chat yesterday and have fun at Barry & Donna's RCFP in Van City!

    Hi Christine, great chat yesterday and have fun at Barry & Donna's RCFP in Van City!
  14. GaryW

    Rent to Own complications

    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...
  15. GaryW

    Rent to Own complications

    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...
  16. GaryW

    Can I use my own RRSP as mortgage for personal real estate property?

    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.
  17. GaryW

    6 month Rapid Cashflow Program coming to BC!

    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...
  18. GaryW

    New member Question about puting in offer on forecloser property in BC

    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...
  19. GaryW

    real estate newbie

    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...
  20. GaryW

    $900 a Month for 20 Years...

    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!
Top Bottom