Learn to Buy Property with Little-to-No Money Down!

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

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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How to Make Money Flipping Canadian Real Estate: Part I

Assignments Part I of II.

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.

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How to Avoid Bad Real Estate Deals

Podcast Episode 119: “A Deal That Went Bad and the Lessons Learned.”

This edition of the Tales from the Trenches podcast features special guest Arden Dalik, a senior advisor in the Calgary office of Global Governance Advisors. Her Tale concerns a real estate investment project in Alberta presented to the REIN Group by a REIN member. Quite a number of REIN members invested in the project, including Arden. Unfortunately, the deal went bad, but I was able to come to Arden’s rescue as her real estate lawyer (aka Legal Eagle).

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Download the handout HERE.
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FAQ: Do I Really Need an Alberta Real Estate Lawyer When Buying or Selling My Home?

If You’re Getting a Mortgage or Have an Existing Mortgage, Then You Need a Lawyer to Buy or Sell a Home in Alberta.

The legal requirements surrounding mortgages in Alberta demand a lawyer, but an attorney protects your interests and manages many important details in a real estate transaction. Once you have a Purchase Contract, it’s time to get a lawyer, however it can help to have one much earlier in the process to make sure things go smoothly. Below is a list of all the things that my Edmonton law firm, RMLO Law LLP, takes care of so that our clients can focus on getting ready to change homes. As you’ll see, there’s a lot to do, which is why the process takes time. Buying and selling are bit different, but they both take time. The end of this blog post also has a bunch of frequently asked questions.

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Quick Guide for Sellers to the New Alberta Real Estate Purchase Contract.

Changes to the AREA Contract:
Selling Your Home in Alberta.

 

The July 2017 Alberta Real Estate Association (AREA) purchase contract has 10 major changes. I posted a long blog and podcast about these changes recently, but sometimes a quick guide is helpful. Below are the three most important changes from your perspective as a seller: Permits, Dower Rights, and Vacant Possession.

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Get to Know the Real Estate Purchase Contract in Alberta

Podcast Episode 118: “Big Changes To The Standard AREA Contract.”

September 2016 (with mild tweaks in July of 2017) brought numerous and meaningful changes to the existing 2014 residential purchase documentation approved by the Alberta Real Estate Association (AREA). These changes affected both the Residential Purchase Contract used for all homes and houses and the Residential Resale Condominium Property Purchase Contract, used for condominiums. Existing wording has been modified and new wording added. As we go through our commentary, we will refer to the contracts as the 2014 contract and the 2017 contract. This podcast and the accompanying text explain the changes and what they mean for buyers, sellers, realtors, and lawyers dealing with real estate in Alberta.

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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