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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How to Buy Property Without Money

What Are Agreements for Sale?

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!

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Make Money Fast with Canadian Real Estate Investment

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.

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Protect Yourself with Power of Attorney

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.
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Predatory Rent-to-Own? That Could Net You a $250,000 Fine!

This is what gives Rent-to-Own (a.k.a. Lease-Options) a bad name.

The British Columbia real estate regulator issued a rare ‘Emergency Suspension’ to a BC realtor and his company. Briefly, the realtor allegedly looked for homeowners in foreclosure. Then he would buy the properties from them at less than market value and rent them back under a Rent-to-Own scheme. The homeowners were always unrepresented by realtors or lawyers.

Here’s the kicker; their rent payments were double their mortgage payments. Of course, if the homeowners could not make the mortgage payment, they could never consistently make a rent payment that was double the mortgage payment! Once they couldn’t make a payment, the realtor would evict them.

Here’s what the regulator said: Continue reading

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

CRA Investigating Tax on Undeclared Earnings for Flipping Offers to Purchase Real Estate in Canada

We’ve all heard the stories. In red-hot real estate markets like Toronto and Vancouver, brand-new projects, especially condo projects sell out fast. When sales open, there are lineups around the block. Desperate purchasers clutch serious deposit money in their anxious hands, hoping against hope that by the time they get to the front of the line, there will be a unit left for them to buy. Often, when sales to the public start, a 100 unit project has only 40 units left, the others are already sold. Who got to buy those units and how does that work? Continue reading

Creative Investing with Foreclosures: Appearing in Court and Taking Notes.

mortgage default foreclosure

Podcast Episode 109:

“Foreclosures, Creative Deals, and Court.”

This Tale is about taking good notes when you appear in court as the buyer of real estate in foreclosure. My client was a creative kind of guy and he found a property in Alberta where the mortgage payments weren’t being made. The seller was still living in the home but trying to sell and get out from under the foreclosure. After some conversation, my client put together a creative deal that the seller and the seller’s lawyer both liked. Now, in addition to being in foreclosure, the seller was in way more financial trouble and he had actually filed for bankruptcy…

Download the audio file HERE.
Download the handout HERE.
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Rare Investing Opportunities with Creative Real Estate Strategies

house with cash register

Podcast Episode 103:
Unpredictable Seller Motivation And Agreement For Sale Magic.”

 

An investor recently showed up in my Edmonton law office with this absolutely marvellous Tale about a unique property seller in Alberta and the magic of having the right real estate investing strategy for the job.

Download the audio file HERE.
Download the handout HERE.
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Transferring Property Without a Lawyer

Podcast Episode 89:
Transfer of Land.”

A Transfer of Land is a document that allows the Land Titles office to register a property in the name of a new owner. In rare circumstances, you might be able to get this done without seeing a lawyer. In this Tale, our investor got a Transfer of Land from a highly motivated seller. Luckily, he also knew what other critical things he needed to do and who he needed to talk to in order to make the transaction go smoothly. This strategy doesn’t come up too often, but when it does, you need to know what to do so you can act quickly.

Download the audio file HERE.
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Looking for a lawyer to help with buying or selling property in Alberta? Contact Barry now!

“Keys” image by Merio used under CC0 1.0 Public Domain.