Inheriting Property Isn’t as Simple as it Seems

Will and Testament

Podcast Episode 117: Estates Are Tricky!

Real estate can cause all kinds of problems when a family member passes away. First, it can take a long time before the will is executed and the inheritor is actually in control of the property. Second, the person who inherits the property also inherits the financial responsibility (mortgage, taxes, etc.), which they end up responsible for even before they own the real estate! This Tale is about what happened when someone inherited a piece of property and almost went into foreclosure with it.

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How to Invest in Canadian Real Estate with Assignments: Basics, Exercise, and Case Studies

“The Practical Side of Assignments.”

This 30-minute video is a hands-on introduction to real estate investment in Canada using assignments. I’ve posted about this topic before (e.g., podcast and blog), but this video focuses on the practical side of this creative investing strategy. Watch it to get a definition of assignments and the basics of how they work from a legal perspective, then try an exercise and review case studies showing real life examples of deals using assignments.

If you’d like to learn more about assignments, you can get a free 33-page creative investing guide when you sign up for our newsletter.

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Walk Away From a Real Estate Deal at Your Own Peril!

Podcast Episode 116:

“Failure To Close? More Than Your Deposit Is At Risk!”

A real estate purchase contract is a legally binding agreement. If the buyer doesn’t meet their obligations by closing the purchase, there can be financial repercussions. At a minimum, the buyer will lose their deposit. But it can be far, far worse. In this Tale, a BC real estate buyer didn’t close and ended up paying for it after the courts ruled in favour of the seller.

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Avoid Jail-time and Make Money: Assigning Offers to Purchase Real Estate in Canada

Podcast Episode 115:

“Flipping / Assigning Properties? Don’t Go To Jail!”

Not too long ago, I wrote a blog post about the legalities of flipping properties using a Creative Investing Strategy called “assignment.” Now I’m making that topic available as a podcast because I want Canadian investors to have every opportunity to make money without getting on the wrong side of the law. In a hot real estate market, flipping properties by assigning your interest in the purchase can be lucrative. Just make sure to do it legally because the CRA is cracking down on so-called “shadow flipping” and undeclared income!

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Don’t Buy a Renovated Home Until You Watch This Video!

DIY vs. Pro Home Renovations in Alberta.

Both professionals and amateurs can do renovations, but what does that mean for a potential home-buyer? Permits and inspections are one side of it. Then there’s the issue of quality. In this video, lawyer Barry and realtor Keith discuss the potential pitfalls in purchasing a renovated property in Edmonton, Alberta.

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What to Look for When Buying a Renovated Property

Legalities of Edmonton Renovations, Permits, and Home Inspections.

Barry and realtor Keith Faria discuss what people need to look for when purchasing a property that has been renovated. In this video, you’ll hear why the renovation needs to be inspected twice, as well as how to make sure everything is safe and legal.

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Explaining a Creative Real Estate Investment Strategy to a Seller

What Do I Say to a Seller About Buying their Property by Way of Agreement for Sale?

Creative real estate strategies aren’t well known, so investors need to approach potential sellers with clear, easy to understand information. In this video, Keith Faria asks Barry about how to explain Agreements for Sale to someone who wants to sell their property, but has never heard of seller financing.

You can view the first video in this series where Barry defines Agreements for Sale by clicking here. Or view the previous video about the difference between an Agreement for Sale and an Assumable Mortgage by clicking here.

Agreements for Sale are just one of the creative strategies that Barry teaches in his real estate investment workshops. Find out more about the Rapid Cash Program by clicking here.

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Creative Ways of Buying Canadian Real Estate

Is an Assumable Mortgage the same as an Agreement for Sale?

In this video, Keith Faria asks Barry about the differences between buying a property by way of Agreement for Sale versus assuming the seller’s mortgage. Both have their uses, but Agreements for Sale let Canadian investors acquire real estate without taking on further debt. You can view the previous video in this series where Barry defines Agreements for Sale by clicking here.

Check out Barry’s workshops if you’d like to learn how to use Agreements for Sale to make money fast with real estate!

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