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.
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.
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.
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.
“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!
Download the audio file HERE.
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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.
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!
In this video, Barry and realtor Keith Faria are introducing agreements for sale. Here’s what you need to know about this seller financing strategy in 2 minutes. If you want to learn how to invest in Canadian real estate using agreements for sale, check out Barry’s workshops!
The Rapid Cash Program: Creative Investing Strategies for the Canadian Real Estate Market.
Want to know how to make quick money in Canada? Forget about cryptocurrencies (like Bitcoin, Ripple, and Ethereum) or other get-rich quick schemes. Real estate investment is a tried and true way to increase your wealth. You don’t even need much money to get started— anyone can do it if they have the right knowledge, expertise, and resources! The Rapid Cash Program is a 6-month package that includes everything you need to start doing real estate deals. If you’re already convinced, click here to register now for the next Quick Start Focus Workshop that kicks off the Rapid Cash Program on April 7th and 8th, 2018 in Red Deer, Alberta. Or read on for more information.
Power of Attorney, Powerful Tool For Real Estate Investors
The Power of Attorney is a wonderful document, and especially useful in creative real estate transactions. The owner of the piece of property (the grantor) appoints you (the grantee) his attorney (the person who can do things regarding the property). The Power of Attorney can be revocable or irrevocable, general or specific for a fixed period of time, or without that limitation. In other words, the Power of Attorney is a very flexible document. Continue reading →