Closing a Real Estate Deal

House-Money-Question

No, Really. How Much Time Do I Need To Close?

Our “Tales from the Trenches™” often deal with one of those “Basic” issues that we teach and train about at least a couple of times per year. “Basic” is when Tales reviews things that all real estate investors meet and deal with, deal after deal.

This time it’s that perennial question, “how much time do I need to close?” Continue reading

The Basics: Home Inspections Part 2 Painted Ladies

Podcast Episode 29:  “Home Inspections Part 2 Painted Ladies.”

Show homes are sometimes described as painted ladies. Despite their designer flair and top-end appliances these “painted ladies” can conceal a multitude of problems.

Download the audio file HERE.

Download the handout for parts one and two HERE.

(Mac control + click + “save as” / PC right click + “save as”) Continue reading

The Basics: Home Inspections Part 1 Knob and Tube

Podcast Episode 28:  “Home Inspections Part 1 Knob and Tube.”

Old, unsafe, hidden behind walls knob and tube wiring was discovered by a home inspection. The buyer avoided a $30,000 repair bill.

Download the audio file HERE.

Download the handout for parts one and two HERE.

(Mac control + click + “save as” / PC right click + “save as”) Continue reading

The Basics: Is It Black, White, or Grey? (Part Two Handout)

Text Notes for Podcast Episode 27: “Is It Black, White, or Grey? (Part Two).”

A discussion of how to describe real estate situations as black (bad, stay away), white (legitimate, perfectly okay) or grey (uncertainty, could be offside, heading for black). Five real-life scenarios that illustrate the concepts of black, white or grey. Learn to tell the difference and stay away from mortgage fraud.

Download the handout for parts one and two (Mac control + click + “save as” / PC right click + “save as”) HERE. Continue reading

The Basics: Is It Black, White, or Grey? (Part Two)

Podcast Episode 27:  “Is It Black, White, or Grey? (Part Two).”

A discussion of how to describe real estate situations as black (bad, stay away), white (legitimate, perfectly okay) or grey (uncertainty, could be offside, heading for black). Five real-life scenarios that illustrate the concepts of black, white or grey. Learn to tell the difference and stay away from mortgage fraud.

Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE.

The full-text version of this Tale from the Trenches can be found HERE.

Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.

The Basics: Is It Black, White, or Grey? (Part One)

Podcast Episode 26:  “Is It Black, White, or Grey? (Part One).”

A discussion of how to describe real estate situations as black (bad, stay away), white (legitimate, perfectly okay) or grey (uncertainty, could be offside, heading for black). Five real-life scenarios that illustrate the concepts of black, white or grey. Learn to tell the difference and stay away from mortgage fraud.

Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE.

The full-text version of this Tale from the Trenches can be found HERE.

Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.

The Basics: Is It Black, White, or Grey? (Part One Handout)

Text Notes for Podcast Episode 26: “Is It Black, White, or Grey? (Part One).”

A discussion of how to describe real estate situations as black (bad, stay away), white (legitimate, perfectly okay) or grey (uncertainty, could be offside, heading for black). Five real-life scenarios that illustrate the concepts of black, white or grey. Learn to tell the difference and stay away from mortgage fraud.

Download the handout for parts one and two (Mac control + click + “save as” / PC right click + “save as”) HERE. Continue reading

The Basics

Easy Real Estate Investing?

As real estate investors our perfect world would be something like this:

  • Find a completely renovated property that exactly fits the system, make an offer,
  • do and be satisfied with your diligence (due diligence), remove conditions,
  • close on time,
  • place your perfect tenant
  • and enjoy your solid positive cash flow.

That would be a perfect world but real estate investing, and life, isn’t really like that. There are lots of bumps and twists, questions and situations that come up every day in your normal lives and with every real estate transaction.

What I have discovered over 40 years of being a lawyer and handling approximately 25,000 transactions is Continue reading