Recent content by vbasic

My family is moving to the High River area in the summer and we're thinking about selling our home as an income property, with the hope that we could rent it for a few months until we find a new residence. I know it sounds a little optimistic but I'm wondering if it's a sound strategy. Any...

ok...thx

thx Joe but the information on the site is what i have been using and isn`t working. hence, this post. other suggestions..?

I`m trying to contact Valden from Mister RRSP and am having no luck (undeliverable emails). Valden if you`re out there, would you plz send me a PM so that I can ask you a question..? thx much in advance..

I would like to know if there are Canadians on this forum who have found success in investing in US property.....or Americans successfully investing in Canadian properties. Thx in advance for your input....

Thanks, Barry - exactly what I wanted to know! QUOTE Based on your experiences, how tough is it to get the vendor on board with this strategy?I`m also curious about this.... Tacky question but I have to ask you, Barry... Can you recommend a sophisticated and patient RE lawyer?

Yes, I know that persistance pays off and education makes the world go round. I`m getting there - just having a temporoary setback. I`ll bounce back and keep chuggin`... QUOTE You are one door closer to a deal everytime someone says no. Are you a closet motivational speaker..? PS handouts...

I`m looking for a knowledgeable (and patient) real estate lawyer. I don`t have the money to waste your time so no worries about incessant pestering. However, I`m a linear thinker and would like to know that I have someone in my corner who can independantly cross all the right Ts and dot their...

QUOTE Simple answer is to put the property under contract at $xxx.xxx amount and buy it as youself and/or assignee. This also however raises red flags to lenders and can cause problems if your potential buyers backout and you are stuck scramblign for financing. Yes, exit strategies concern me...

QUOTE Many of the foreclosure situations have plenty of time, lots of equity and just unfortunate situations in their lives. This gives them an easy situation to sell. People with very little time are the ones that need the most help and they can trade equity for time. These should be your...

QUOTE The second property also has limtied potential for you. From your other posts you are looking to create short term cash through flips, wholesaling, wraps and various other methods, you need a pretty big equity gap to make most of those worthwhile, especially in a slower market. A near...

QUOTE If it is a high ratio mortgage the insurance would cover any bank losses, so there is no need to negotiate. OK then - I also understand that when foreclosed properties make their way back to the bank, the bank can still attempt to sell it for market value...making whatever profit they...

Can someone kindly fill me in on the paperwork/contract(s) required for wholesaling? thx in advance...

Does anyone have experience negotiating short sales in Alberta? My information is that CMHC doesn`t allow banks to negotiate short sales because of insurance obligations. Is there someone "in the know" that could elaborate on this for me?

A wrap sounds pretty similar to me as assuming a mortgage. Can someone plz outline the process for me, including the necessary paperwork/contracts? For example, I know of two properties in foreclosure. One is a beautiful one-year-old home in a developing and prestigious neighborhood. There...