The Power of Positive Thinking Must Affirm Credible Goals.
Successful people set goals, and part of goal setting might be affirmations. The idea is that by affirming something in the present tense—as though it were already happening—one conditions the mind for achieving success. For we folk in the real estate investment game, an affirmation can be used to support financial goals. This is part two of a two-part set of blog posts on goal setting for the New Year (click here for Part I). Continue reading
Get SMART with Your Goal Setting Technique for the New Year.
2019 is around the corner. Although 2018 has been a productive year, I didn’t get as much done as I might have wanted. Now, it’s time to look at 2019 and say, what’s out there? What are we, in the world of real estate, going to start, do, achieve, or finish in our financial goals for 2019? This is part one of a two-part set of blog posts on goal setting for the New Year (click here for Part II). Continue reading
Take a look at my interview with Leanna Martens, a professional realtor, on how a real estate lawyer helps buyers and sellers. And if you’re buying or selling property in Alberta, please consider us at RMLO Law LLP
Live Real Estate Investing Event in Calgary, Nov 17: Our New, All-Day, Dig-Deeper AFS Intensive Focus Workshop.
Anyone who follows this blog knows that I love Agreements for Sale (AFS)! It’s a seller financing strategy that is so, so relevant in today’s tough Canadian real estate market. AFS is a classic way of buying property with very little money out of your own pocket. On November 17th, we’re running a special AFS Intensive Focus Workshop, featuring comprehensive tools to help both new and established investors achieve financial success. Continue reading
Real Estate Cycle Blues:
Changing Mortgage Policy in Canada.
Real estate is a cyclical game. The market is strong; the market is weak. It’s a buyer’s market; it’s a seller’s market. Interest rates are abusively high; interest rates are unbelievably low. Inflation is rampant; deflation is around the corner. All of these factors affect what Canadian homeowners and investors pay for their dream home or next rental property both in regard to the price of the real estate and the interest rate on the new mortgage. This post is one of a series that I’m doing on the effect of recent restrictions on mortgage financing in Canada.
Registered Funds Are an Alternative Mortgages Goldmine.
This Canadian real estate investing video is an edited recording of a live webinar for participants in Barry McGuire’s Rapid Cash Program. The topic is how to use the funds in a registered investment (e.g., RRSP, RESP, TFSA, etc.) as an alternative source for a mortgage. Whether you want to be a lender or a borrower, there is lots of money out there—if you know how to find and use it! This video provides in-depth discussion from experienced registered fund lenders and borrowers.
For a legal perspective on registered fund mortgages, view this recent blog post.
6 Things to Know About RRSP Mortgages: A Legal Perspective.
Do you have a Registered Retirement Savings Plan (RRSP) in Canada? Are you unhappy with the financial performance of your RRSP? Are you looking for better investment returns in your RRSP? Or are you looking to borrow money? Perhaps you don’t want to borrow from a bank, credit union, or broker? If you answered yes to any of these questions, then you might find it attractive to use an RRSP mortgage. This blog post focuses on the legal aspects of lending and borrowing money from an RRSP as a mortgage, but it also applies to other Canadian registered investment funds like Registered Retirement Income Funds (RRIF), Registered Education Saving Plans (RESP), and Tax-free Savings Accounts (TFSA).
Purchasing a New Home:
What Could Go Wrong?
Timing! I keep blogging about timing because it is one of the biggest problems for real estate transactions. Issues with timing are hugely stressful; they are the most common reason for an increased legal account. And, no one likes to pay more in legal fees than they thought they were going to have to pay!
Assignments Part II of II.
In this second instalment of a two-part series on flipping properties in Canada using Assignments, lets chat about some of the details. Knowing the details will give you a much better chance at a successful Assignment. If you missed Part I, you might want to read it first.
Assignments Part I of II.
Contracts of Assignment, usually just called an ‘Assignment,’ are useful ways of making money with real estate. I’ve talked about them before (e.g., this blog and this video), but they’re worth revisiting in more detail because of their significance to the Canadian market. Sometimes known as ‘flipping’ a property, this is Part I of a two-part series on how Assignments work, with a focus on Alberta real estate.