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  1. FayWong

    How do you find a GREAT Realtor?

    QUOTE (bigbabba @ Dec 27 2008, 10:23 AM) How do you find a GREAT Realtor?, That is a question many ask. they exsist? realtors dont sell homes, homes and mls sell homes. Realtors are just a middle man that dont need to be there to begin with, there is nothing a realtor does that an average...
  2. FayWong

    Rent Price Decreases

    QUOTE (holymoly @ Nov 14 2008, 12:52 PM) Here's what I came up with: Sparkling 3-bedroom with urban convenience + nature's beauty! $1225 monthly plus gas and hydro Get 15 days rent FREE when you sign a one-year lease by Nov. 15! Who knew city living could be so easy? With Redhill...
  3. FayWong

    Advice: Where to Start

    QUOTE (fullhouse @ Nov 13 2008, 03:03 PM) Hi all, A newbie investor here and am looking for some guidance in getting a mentor and/or training on proper real estate investing. I`d like to know where did most people turn to first in educating themselves. So far I have read "Real Estate...
  4. FayWong

    Up and Down Suites

    QUOTE (JNB @ Oct 16 2008, 11:11 AM) These days a positive cash flow is hard to come by unless a prospective property is one that can be fully maximized, i.e. an up and down suite with double car garage, etc... Just for a discussion, I would like to ask individual opinions on the subject. Is it...
  5. FayWong

    Eviction in Calgary

    QUOTE (TerryKruse @ Oct 15 2008, 05:11 PM) Just a note in the regard: I called the RTDRS in Calgary twice (spoke to two different people) and both times they would not allow me file any documents until the tenant decided not to leave after the eviction notice. They were very clear. This might...
  6. FayWong

    screening of a tenant from US

    QUOTE (spark1 @ Oct 10 2008, 12:32 PM) Thank you JNB, I inteviewed him, he is very unclear about his company business, he says we do everything. My gut feeling I should refuse, but I do not have any legitamate reason to say no and explain why. igorTry to do the credit check. I believe that...
  7. FayWong

    Advertising rentals

    QUOTE (DMP @ Sep 9 2008, 11:12 AM) Check out relocation services as well. Some Real Estate Brokers also do relocations.
  8. FayWong

    To Corp or not to Corp

    QUOTE (vandriani @ Sep 9 2008, 12:34 PM) If you decide that you do not want to incorporate, to start , but then decide you want to in the future, is the process fairly easy?A lawyer can do this fairly easily and quickly. Before incorporating talk to your accountant to see if there are any real...
  9. FayWong

    Drying carpet after pipe leak

    QUOTE (Ready4Rent @ Aug 14 2008, 09:21 PM) Hard to say, how much water etc, sucking it up immediately and run a dehumidifier for a few days might have helped, but to me it sounds like your past that stage, unfortunately you have to replace. JohnIt maybe too late now, but when my finance had a...
  10. FayWong

    Taking a realtor to court.

    QUOTE (JRL @ Jul 23 2008, 08:42 PM) A suggestion: be slow to anger, and quick to forgive ..Humble yourself and turn the other cheek .. i.e. consider dropping the legal battle and your life will be easier and more productive .. and you will make up the 25K (or ten to 100 fold that) in no time...
  11. FayWong

    Cash flow case study

    QUOTE (JSB @ Jul 29 2008, 07:30 AM) Hi everyone, I hope this is okay - I`ve outlined below a property I`m very interested in. Based on the numbers shown it`s negative cash flow, but I`m looking for advice on what to change. Some things that I know I should change are both interest rates and the...
  12. FayWong

    Mortgage Payment Calculations

    QUOTE (gwasser @ Jul 13 2008, 11:14 AM) On one of the other discussions, we were talking about the advantages of variable rate vs 5 year term mortgages. I suggested to do some comparison calculations to see what the amounts of money (i.e. the risk) was for various interest scenarios. In fact I...
  13. FayWong

    InnKeepers Act

    QUOTE (Coreena @ Jun 17 2008, 08:33 AM) Thanks Fay, I am in BC so do you know if this act is the same accross the border?? If no does anyone have a BC link?? Thanks Coreena http://www.qp.gov.bc.ca/statreg/stat/H/96206_01.htm
  14. FayWong

    Experience with Selling Realtors

    QUOTE (Coreena @ Jun 18 2008, 10:15 AM) I have taken steps on my part the make my house as appealing as possible. Completely renovated, staged, no clutter and as much curb appeal as possible without replacing all my siding on the house.This is the best thing you can do. Did you power wash the...
  15. FayWong

    InnKeepers Act

    QUOTE (Coreena @ Jun 16 2008, 04:53 PM) Hi there, I was trying to find info on the innkeepers act and when I googled it I couldn`t find anything up to date. Does anyone have a link where to find some info on this. Thanks Coreena http://www.qp.gov.ab.ca/documents/Acts/I02...n=9780779723669
  16. FayWong

    Is This a Good Strategy or Too Risky..?

    QUOTE (investmart @ Jun 15 2008, 11:59 PM) Hi All, I wanted to ask what you think about the following strategy: Purchasing VERY OLD Multi-plexes (100 YEARS OLD!) with Superb Cap rates 8-10%. Is this strategy too risky due to the age of the properties? Obviously, a detailed home inspection...
  17. FayWong

    Looking for master planned community in deep SW

    QUOTE (SharonPrete @ Jun 4 2008, 08:24 PM) I`m just wondering if anyone knows if there is going to be a new estate/acreage/high end development in the deep SW (think 37th St. and 22x) in the next few years? I read in the Sun earlier this week of a develpment by Spruc Meadows. Spruce Meadows...
  18. FayWong

    Garage rental

    QUOTE (SamEfford @ May 25 2008, 10:22 PM) What about installing separate meters on the 3 seperate units? Or you could take over the utility payments with the appropiate increase in rent. This would be the best solution if it could be done. If not, when faced with a similar problem I had an...
  19. FayWong

    Leaky roof in Edmonton

    My tenant just called. The roof has sprung a leak. I am in Calgary, the roof is in Edmonton. Ihave been looking for, but not yet found a property manager. Does anyone know of a good, inexpensive roofer in Edmonton that does repairs. I don`t want to replace the roof, only fix it. Any help is...
  20. FayWong

    Should my parents sell their House that’s already paid off?

    QUOTE (jt88488 @ Apr 25 2008, 10:59 AM) Hello members: My parents are selling their principal single-family residence (that has no mortgage for $675k) and a convenience store business ($200k) to go into retirement. They explained that they were going to then buy a condo, near downtown, to live...
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