Here’s How Tightening Regulations Have Made It More Difficult for Canadians to Borrow Money When Buying Real Estate.
Back in the good ol’ days before the world financial crisis of 2008, it was relatively easy for Canadians to get mortgages. Since then, successive governments have imposed increasingly strict rules on borrowing money to buy real estate. With a newly elected Liberal minority government promising to make housing more affordable, we might hope some of those rules will be relaxed—or at least that buyers will benefit from new incentives. For the moment, however, Canadian mortgage regulations remain quite strict. This blog post looks back at the recent history of mortgages in Canada, as well as the current borrowing climate. Continue reading →
Announcing an All-Day, Dig-Deeper AFS Intensive Focus Workshop: 14 Sept 2019 in Red Deer, AB.
Anyone who follows me 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—especially in Alberta. AFS is a classic way of buying property with very little money out of your own pocket. On September 14th, we’re running a special AFS Intensive Focus Workshop, featuring comprehensive tools to help both new and established investors achieve financial success. 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)
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 →
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 →
Guest Post: Intro to Rent-to-Own in the United States, Including Investor Lawyer’s Thoughts on the Canadian Equivalent.
Rent-to-Own (sometimes called lease options) is a way of buying a home without taking on a mortgage, and versions of it have a worldwide presence. Our friends in the American real estate investing community have been working with Rent-to-Own for years. Now, Rent-to-Own is getting more attention in Canada as a Creative Investing Strategy. Furthermore, some Canadians are very interested in purchasing American properties using Rent-to-Own.
Today we are featuring a guest blog post from
Ashely Lipman (see below), outreach manager for a Dallas, Texas-based rentals
company called The Urban Avenue. She provides a short summary of Rent-to-Own in
the USA, upon which I’d like to share some thoughts for my Canadian readers.
Legal Strategies for Investing in Canadian Real Estate When the Market Is Down.
Finally! The real estate industry is starting to recognize that there is such a thing, indeed, a very worthwhile thing, as Creative Real Estate. I’m a real estate lawyer in Edmonton, Alberta, and for years I’ve been helping clients put together Creative Real Estate deals. I’ve also been teaching Focus Workshops (next event May 4–5, 2019) on Creative Strategies: Rent To Own a.k.a. Lease-Options, Agreements For Sale, Assignments a.k.a. Wholesaling, Fix & Flip, and Joint Ventures. For a long time, these strategies have been the poor cousins in mainstream real estate investing in Canada, at best ignored and at worst demonized by some as scams. As a lawyer, I can assure you that these are perfectly legal investment strategies—if you use them right! Continue reading →
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 →
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.