Alberta Tar-sands Could See Growth from Demand for Plastics.
Major oil companies have been fleeing the oil-sands. Huge companies like Devon Energy and Shell Oil have sold their Northern Alberta oil-sands interests and projects at fire sale prices. HSBC has formally stated that they will no longer invest in the oil-sands. Does that mean Fort McMurray is dying and will soon be a ghost town? That’s just the way the oil-sands cycle has peaked and fallen so many times in the past. If the oil-sands are dead, it could be bad news for Alberta real estate investors… Continue reading →
Violent, Gang-related Death at a Vancouver Mansion Leads to Lawsuit re What Sellers Must Reveal to Buyers in Real Estate Transactions
When selling a house in Canada (and other jurisdictions with similar legal systems), a vendor must typically disclose certain types of defects in the property to potential buyers. Now, what if murder, suicide, or other nasty violence occurred in the house? How much does a seller have to reveal? The short answer is that a seller is only obligated to reveal the death if specifically asked about it by the purchaser. The legalities of the long answer are much more interesting, as this blog post will elaborate with an example from Vancouver, British Columbia. Continue reading →
Trying to answer the question ‘should I buy now?’ is universal in the real estate world. Normally I write about Alberta real estate because I’m an Alberta lawyer, but I don’t think it matters if you live in Edmonton or New York, Calgary or London. It also doesn’t matter if you’re buying a home or looking for an investment property; their home is many folks’ biggest investment, so it’s smart to think like an investor.
People who want to own property have to make a calculated decision about when to buy. Obviously, there are lots of things that go into your decision-making, but let’s chat about something very important: the condition of the real estate market. Continue reading →
Podcast Episode 123: “Creative Real Estate Investors Panel.”
Special one-hour dive into the trenches of Creative Real Estate in Canada… and Africa! Barry has gathered a panel of experts, veritable rockstars of Creative Strategies, to share their experiences and answer questions from the audience.
The essence of Creative Real Estate Investing is knowing strategies and recognizing opportunities. Sometimes deals come along that don’t work for your usual approach. Knowing alternative strategies like Agreements for Sale or Rent-to-Own (a.k.a. Lease Options) allows you still to turn a profit.
For many investors, Creative Strategies are a supplement to regular Buy & Hold—but they can also become a full-time real estate business. Listen now to get insight into how a bit of creativity opens up all kinds of opportunities!
Download the audio file HERE. (control click or right click + save as)
Podcast Episode 122: “Water Is Coming”: Climate Change Preparedness for Homeowners and Real Estate Investors.
Damaging floods are on the rise, whether as sewer backups, swollen rivers and lakes, rising ocean levels, or overland flooding. As a result, water related insurance claims have been rising, triggering changes to policies and premiums. If you own property—and especially property with a basement—it’s time to re-evaluate your preparedness. This blog post considers climate change and what it means for Canadian homeowners and real estate investors in terms of maintenance, prevention, and insurance against water damage from flooding.
Download the audio file HERE. Read a written version below or download the handout HERE. (control click or right click + save as) Continue reading →
How to Make Quick Money in Canada with Creative Real Estate Investing.
So, you want to be a real estate investor. But financing is a problem, so you’re not sure about getting started or whether you can continue investing.
You might feel like you don’t have the money to buy now, or you want to purchase real estate with little-to-no money down. Maybe you already own some investment properties, and you can’t qualify for more mortgages. Or maybe you have the financing to purchase investment properties, but “buy and hold” takes too long to pay off. Perhaps you’re frustrated by finding great deals on houses that don’t fit your current investing strategy.
Barry McGuire’s Rapid Cash Program shows you how to overcome barriers and become a successful real estate investor. The secret is a portfolio of proven Creative Strategies, tailored for the Canadian market. If you understand the strategies, you’ll recognize the opportunities! Continue reading →
Across Canada, there is an ongoing discussion about the lack of affordable housing. In some areas, developers won’t build rentals because building condos is more lucrative, because there are rent controls, or perhaps a combination of both situations. Some Canadians are completely priced out of the housing market—especially in the Great Toronto Area and the Lower Mainland of British Columbia. Even in Alberta, where I live and work as a real estate lawyer, affordable housing is an issue. One solution is increased urban density. This podcast/blog post is about the legal challenges of subdividing a single lot into two or more skinnier properties. If there is a mortgage on title, watch out!
Join our webinar on April 18th to learn about our upcoming real estate investing workshops in Edmonton and Toronto. The Rapid Cash Program will teach you creative strategies that can work in any real estate cycle to generate income and grow your portfolio. You’ll learn the secrets behind Canada-specific quick-turn strategies that will put you on the pathway to investment success!
A Strategy for Walking Away from Non-recourse Mortgages in Alberta
Buying a property doesn’t always work out. Sometimes
investors and homeowners alike can’t keep up with their mortgages, and they face
foreclosure from their lenders. This blog post is about non-recourse mortgages in
Alberta and how they sometimes make it possible to avoid foreclosure with
careful negotiation—as long as the lender is understanding.
How to Become a Real Estate Investor: Getting Started vs. Being Perfect.
Over the years, my viewpoint as an Alberta real estate lawyer has changed. I used to want and demand and counsel my clients that all the paperwork had to be perfect. That they should not accept any risk. That it just wasn’t worth it unless every issue had been 100% solved. That viewpoint and attitude was so wrong! Continue reading →