Murder Disclosure When Real Estate Is Sold

Violent, Gang-related Death at a Vancouver Mansion Leads to Lawsuit re What Sellers Must Reveal to Buyers in Real Estate Transactions

When selling a house in Canada (and other jurisdictions with similar legal systems), a vendor must typically disclose certain types of defects in the property to potential buyers. Now, what if murder, suicide, or other nasty violence occurred in the house? How much does a seller have to reveal? The short answer is that a seller is only obligated to reveal the death if specifically asked about it by the purchaser. The legalities of the long answer are much more interesting, as this blog post will elaborate with an example from Vancouver, British Columbia. Continue reading

How to Work with a Property Manager

Hands protecting house representing property insurance

Podcast Episode 120: “Property Management Nightmare.”

I got an email recently from an unhappy investor about problems with his property manager in Edmonton. Real estate investing is all about relationships, and you need to be able to rely on the people in your team. Property managers are supposed to find tenants, collect rent, and deal with maintenance, among other things. The following Tale is an example of what can happen when you hire the wrong property manager—and how to do it the right way. The email is so descriptive I’m passing it along verbatim. See below:

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How to Make Money Flipping Canadian Real Estate: Part II

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.

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Don’t Buy a Renovated Home Until You Watch This Video!

DIY vs. Pro Home Renovations in Alberta.

Both professionals and amateurs can do renovations, but what does that mean for a potential home-buyer? Permits and inspections are one side of it. Then there’s the issue of quality. In this video, lawyer Barry and realtor Keith discuss the potential pitfalls in purchasing a renovated property in Edmonton, Alberta.

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What to Look for When Buying a Renovated Property

Legalities of Edmonton Renovations, Permits, and Home Inspections.

Barry and realtor Keith Faria discuss what people need to look for when purchasing a property that has been renovated. In this video, you’ll hear why the renovation needs to be inspected twice, as well as how to make sure everything is safe and legal.

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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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Investing with Those Closest to Us Is Fraught with Peril

Image of stick people holding hands

Podcast Episode 114:

“Real Estate Between Friends and Family.”

It might seem easier to invest in real estate with people you know and love because you already trust them. Actually, you still need to do the same amount of due diligence, if not more! When you get into real estate deals with friends and family, there’s more at risk than just money.  This podcast is about protecting your relationships if you choose to invest in property with the people closest to you.

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Is Your RRSP Mortgage Legal?

Podcast Episode 108:

“RRSP Mortgages and the CRA.”

Registered Retirement Savings Plan (RRSP) mortgages, the supposed Holy Grail of private lending. I hear it all the time. Borrowers of all stripes believe there is a vast pot of money held in RRSP accounts just waiting to be lent to them. And, to some extent, that’s true. There are lots of folks with lots of RRSP money tucked away. Maybe you’ve thought about leveraging your RRSP to become a lender yourself.

But, like everything else run by the government, there are rules to follow if you want to lend your RRSP money as a mortgage.

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How to Lose a Deposit: Unmet Conditions Can Sink a Real Estate Deal

Podcast Episode 107:

“Conditions, Lost Deposits,
and Collapsed Deals.”

In other Tales from the Trenches I’ve talked about the importance of accomplishing sufficient diligence on any property purchase to say that you have done ‘Due Diligence.’ It’s worth repeating here because it’s so important. The notion of doing or accomplishing your own Due Diligence is what allows you to make a buying decision. Will you buy or not buy? In this Tale, a deal falls through because of a lack of diligence regarding financing conditions.

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Secondary Suites and Real Property Reports in Alberta

Podcast Episode 106:

“A Real Property Report
with Municipal Compliance Doesn’t Prove a Suite is Legal.”

Are you looking to buy a property with a secondary suite? Ideally, you want to buy properties with legal secondary suites. But guess what? A Real Property Report doesn’t prove a suite’s legality in Alberta.

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