Hey Brent,
Its a fine line to be walked when blogging. I felt I needed to express myself here on this topic. I've met many of your clients(appreciative & happy) and your 25 years experience put you at the top of your game. As a profession you've contributed to the Edmonton landscape and I...
Hi There,
I think if you are to get better advice from the forum you should really reveal your situation.
My questions to you would be how long have you been out of the country? Do you own a home here now?
Do you have family in Canada? How often do you visit?
You should contact the CRA and...
Hey Cedric,
I'm a fan of Jim Rohn too.
What to expect from a REIN meeting is all dependent on your stage of real estate investment. If you are a newbie then there is plenty of information and you're going to want to take notes. If you've already got your investment strategy in hand and are...
Hi Chris,
Declining markets can be the bane of RTO.
There was a major RTO company in Alberta that had billboards everywhere not too long ago and they even had franchisees doing RTO under the umbrella. A few short years later in a declining market most to all those franchisees are gone and...
Hi All,
Sorry to hear you`re having property management troubles and frustrations. We would love to hear from you and see if we can meet your expectations. Talk to Dave & Drew and they will fill you in on our property management company. We very much subscribe to the REIN philosophies of...
Although the vacancy rate in Edmonton is low that doesn`t mean that it is easy to rent, especially to the best of tenants.
In an effort to bring the best tenants into our properties(owned and managed) I was hoping to get some feedback from the people on here about what they have done to...
Hi JR,
Being an investor who has negotiated many VTB(vender-take-back) mortgages I can tell you that "no money down" should be more clearly stated "no money down for you". Money has to come from somewhere most of the time...especially for someone like yourself just starting out. You might...
Hi Ronda,
The simplest way to invest your RRSP`s in real estate is to hold a 2nd mortgage in a self directed RSP account at TD Waterhouse(Canada-wide) or another company that provides that service like Olympia Trust(Western Canada based). All real estate investors have their reasons for...
Hi Mhay,
My advice:
Its is best to have a lawyer walk you through it. It will save you a lot of time and headache. You must be clear on why you are doing it. Also talk to your accountant, these are important people on your power team and don`t be afraid to use them for their advice. As an...
Hi Susana,
If you are considering how to use your RRSP`s I`d like to add another option for you that the other have not suggested. It boils down to how you are going to go about investing in Real Estate. If you are going to do it on your own then you have to have them arms-length from...
Because your DCPP is not accessable till 55, I do believe, your best bet is to go the self-directed route. Although you cannot access it you can control it. TD Waterhouse also offers self-directed accounts which accept 2nd Mortgages.
Keenan
Joel,
Being in the bank you should truly talk to your manager about options for you. Banks have excellent products/services for their own employees. Advantaged interest rates and terms. I don`t know your particular circumstances but if you are a valued employee I am sure they will work with...