Flipping Properties is Risky. Here’s Why!

Podcast Episode 113:

“So, You Want To Be A ‘Flipper.’”

There is a whole section of the real estate investment world known as ‘flipping.’ Basically, flipping is when an investor gets control of a property by signing a purchase contract, but rapidly sells it to someone else for a profit. Don R. Campbell of Real Estate Investment Network (REIN) fame has long cautioned against the most common form of flipping, which is to invest in condominium pre-sales. This is a Tale about a client of mine who got caught trying to flip a bunch of properties

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Download the handout HERE.
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Sales Tax on Real Estate Purchase

Focus on Real Estate: Quick Tips.

Do you have to pay sales tax when buying a home or investment property in Canada? The short answer is yes, but it varies by province as to how much you’ll have to pay. In Alberta, you only have to worry about the federal Goods and Services Tax (GST) because there is no provincial sales tax. Did you know that you can sometimes get a rebate on the GST when you buy real estate? In this video, Barry talks about the rules for personal residences vs rental properties when it comes to paying sales tax on real estate purchases in Alberta. If you need a real estate lawyer in Alberta, contact Barry at RMLO Law LLP.

This is the next instalment of Focus on Real Estate with Barry C. McGuire, a series of videos that provides answers to frequently asked questions about real estate.

If you’re buying or selling real estate in Alberta, Barry can help. Contact him now using the form below.

Videos co-produced by the Real Estate Investment Network (REIN) as a Google Partner.

Taming Your Legal Bills (Part 4 of 4)

Podcast Episode 19: “Taming Your Legal Bills 4/4 – Dos and Don’ts.”

A continuation of an explanation of how your lawyer figures out your legal bill. 20 tips to improve service, get better results and reduce legal fees.

Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE.

Download the handout for all four parts (Mac control + click + “save as” / PC right click + “save as”) HERE.

Read a blog post about saving money on legal fees here.

Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.

Taming Your Legal Bills (Part 3 of 4)

Podcast Episode 18: “Taming Your Legal Bills 3/4 – Hourly Fees.”

A continuation of an explanation of how your lawyer figures out your legal bill. 20 tips to improve service, get better results and reduce legal fees.

Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE.

Download the handout for all four parts (Mac control + click + “save as” / PC right click + “save as”) HERE.

Read a blog post about saving money on legal fees here.

Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.

Taming Your Legal Bills (Part 2 of 4)

Podcast Episode 17: “Taming Your Legal Bills 2/4 – Fixed Fees.”

A continuation of an explanation of how your lawyer figures out your legal bill. 20 tips to improve service, get better results and reduce legal fees.

Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE.

Download the handout for all four parts (Mac control + click + “save as” / PC right click + “save as”) HERE.

Read a blog post about saving money on legal fees here.

Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.

Taming Your Legal Bills (Part 1 of 4)

Podcast Episode 16: “Taming Your Legal Bills 1/4 – Fees Disbursements Taxes.”

Explains how your lawyer figures out your legal bill. 20 tips to improve service, get better results and reduce legal fees.

Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE.

Download the handout for all four parts (Mac control + click + “save as” / PC right click + “save as”) HERE.

Read a blog post about saving money on legal fees here.

Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.