Congratulations Jim! Thanks for sharing your experience - it`s appreciated. Cheers,

Vic, Thanks for sharing your experience so far. I agree with a couple other posters about your ad: - suggest changing the headline. Maybe less emphasis on "standing out" and more on a clearer message - the ad needs some info on #`s (monthly payment or price, etc.). Without that, I think...

QUOTE (sgarner @ Jan 2 2010, 04:45 PM) I have what I think might be a potential deal my hands but will admit this would be the first deal of this kind that I have been involved in, as up until this point I`ve been following the conventional 20% down, buy/hold strategy. It`s a 4 bed/2 bath...

Thank you Monte and Thomas! I appreciate the guidance. Cheers, Jim

Hey Jim, Thanks for sharing that info! On a related topic (advertising) - I just had the Calgary Herald refuse to run a classified ad I had submitted (for paper and online). I sent in a short 4-line classified ad to place in the "Homes for Sale" section to build my buyer`s list for Lease...

A prospective Lease Option tenant/buyer emailed me a question that has me stumped - He`s a first-time home buyer asking if he can use his RRSP`s or take advantage of the Home Buyers Plan with the Lease Option??? I`m thinking that this will only come into play in a couple years when he...

QUOTE (neill @ Nov 6 2009, 08:44 AM) Hi Jim - what neighbourhood in Airdrie? It`s on Stonegate Way.

Thanks for the advice gentlemen, I appreciate it! Am evaluating this deal from a "quick-turn" perspective, to exit with a Lease Option to a tenant buyer. (holding as a standard rental would not work because of 0 to negative cash flow). No appraisal available, but original purchase price 2...

Hi, Can I please get your thoughts on this quick-turn deal I`m considering: A young couple in Airdrie have split and want to sell their house for amount owing. My Strategy: Acquire house for Debt by Agreement for Sale - Exit with Lease Option Listed: $358,000 Owing on Mortgage: $338,000...

Thanks Garth! So in that scenario where you purchase a house with "Agreement for Sale" and keep the Seller`s title and mortgage in place, do I understand that you are basically taking control of the property with ability to rent it or flip it? I`m assuming you could purchase with an "Agreement...

Can you please clarify what happens when assumption of the mortgage falls through and you then "fall back" on proceeding with an "Agreement for Sale" the seller agreed to in original Offer to Purchase? How is the mortgage handled in this "Agreement of Sale - do you just take over making...