QUOTE (JohnSoucie @ Jan 8 2010, 12:01 PM) Despite the costs being obviously low, people who didn`t take the course have to realise that they are used stritctly for doing the 15 minute walkthrough estimate for a house you will quickly wholesale. He made it clear that if you intend to actually do...

QUOTE (JudyGreen @ Dec 19 2009, 04:42 PM) She brought it to her lawyer & The lawyer advised her not to sign the agreement due to section 5 in the agreement. Like Jason H. mentions in his post, it could just be a case of the lawyer not being familiar with this type of agreement and the...

Just to clarify in this case John, what I meant by `Due Diligence` didn`t have to do with the deal or the Seller you referred to. I was referring to doing your `Due Diligence` on the techniques that Ron Legrand (or any speaker/teacher) introduces in a seminar/workshop format. You have to take...

Hey John, There`s no question that I get caught up in the dollar signs ($$ $$) during that event! But there was a lot of info to take in too! From what I`ve been discovering about preparing to do Ugly House wholesaling, you have to do `Due Diligence` no matter how promising or exciting any...

I know the Option will vary from deal to deal Mark as you say, but is there a standard dollar-value you offer on the option when asking the Seller for the option? QUOTE (MarkKruse @ Dec 13 2009, 08:38 PM) An Agreement For Sale or a Buy-Sell Agreement are methods for taking control or purchasing...

I spoke with my lawyer today and I wanted to take the time to thank you again Mark for the `Lease Option to Purchase` suggestion. It appears that if one does not have the cash to close on a property within their own means that the Lease Option is by far the best, safest AND simplest way to go...

You are right about that! My realtor told me that bank & court-owned/controlled properties, like all-cash and no-condition deals with no weird terms or directions. The simpler and more straight-forward, the better your chances! QUOTE (myfriendjose @ Dec 16 2009, 11:34 AM) Option contract...

Could you not do an AFS with the ability/provision to assign the contract to another Buyer (my Buyer)!? Then when the AFS comes close to the time action would need to be taken, I could assign the contract to my Buyer who`d take over and purchase the property from the Seller. Except of course...

Thank you Mark, I`ll add that to my notes and ask my lawyer about that option as well. Perhaps though an Agreement For Sale might even be better than that?! QUOTE (MarkKruse @ Dec 13 2009, 02:16 PM) If you are worried about your ability to sell the property on, have you considered buying an...

That`s my next step. I`m having a meeting with my corporate attorney to discuss the best wording to have in my OTP contracts to avoid having these scary situations from arising! I`ve got to give Dan credit though. Even though he hit that nasty speed bump, it appears he`s learned from it and...

Hi Barry, I`m becoming a regular Barry Questioneer! {To the tune of Disney`s Mickey Mouse song!...everybody!} B-A-R...R-Y-Mac...G-U-I-R-E! At your workshop in Red Deer on January 30th, will you also have Canadian-ized Offers to Purchase for Wholesaling Deals/Offers? Ron has his own...

OUCH Dan! That is exactly what I want to avoid especially on my first deal or two or hundred! ...you left such a short and simple post, but it brings up so many more questions about what happened to you in that deal! I am assuming of course that this deal-gone-wrong was a wholesaling or flip...

Correct Todor, I believe it is already built into his Offer To Purchase Agreement too!. Thanks. QUOTE (TodorYordanov @ Dec 8 2009, 08:22 PM) I also remember Ron talking about the above clause and it is a must in your offer.

Thank you sir Thomas. I appreciate your words of experience. As Ron also said at the bootcamp, "I don`t want you doing the legal paperwork on your deals yourself...that`s what lawyers are for!" So the key item I take from your comments is that I get my lawyer (preferably my corporation`s...

It does help Barry, as always! As I suspected, the Seller could come after me but as you say, most Sellers just don`t bother because of the cost of the extra time, cost and inconvenience of the legal process. Of course, I have no intention of renegging on offers that I place, but I figured I...

Thank you. Mehmet

Any chance you could send me a link to this specific Youtube video? Local Mentor seems to have quite a few videos. Of course he is from south of the border to which always leads to the question how transferrable are his techniques to Canadians? I agree that REIN is "right". If you`re buying...

Thanks. I didn`t quite catch your name? Is it Mehmet? Cmattric seems so informal! REO`s mean again? (Real Estate Offers?) And you were saying "that`s why it`s tough?" (I just needed clarification on that word.) Of course, assignees! I should`ve rememebered that. I`ve even done that...

Another email for Barry, Doh! I missed the Legal Docs workshop on Dec 5th! That`ll teach me for not checking MyREINSpace more frequently! Although we did have a blizzard here in Red Deer on the 4th and 5th which likely would`ve precluded me from attending anyway (i.e. terrible road...

Thanks Barry. I will contact the REIN office with my request. QUOTE (BarryMcGuire @ Oct 22 2009, 10:54 AM) Hi William. I have sent the dox on to the REIN office. They are now in charge of distribution. I amended the custom contract so that failure to close damages are limited to the deposit...