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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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

What Does the Alberta Land Titles Office Do?

Focus on Real Estate: Quick Tips.

The way properties are registered with the government varies by jurisdiction, and the Province of Alberta has its own particular approach. In this video, find out what the torrens system is and why you can count on the Alberta Land Titles Office. If you need a real estate lawyer in Alberta, get in touch with 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 bite-sized pieces of real estate knowledge.

Buying and/or selling real estate in Alberta? Barry can help. Contact him now!

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

What Is Cash to Close?

Focus on Real Estate: Quick Tips.

Closing a real estate deal obviously requires payment, but what is cash to close? Previous videos in this mini-series covered deposits and down payments. In this video, you’ll get advice about the final payment in a real estate purchase transaction. If you need a real estate lawyer in Alberta, get in touch with 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 bite-sized pieces of real estate knowledge.

Buying and/or selling real estate in Alberta? Barry can help. Contact him now!

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

What Is a Down Payment?

Focus on Real Estate: Quick Tips.

Most real estate purchases involve a down payment. In this video, you’ll find out how a down payment could get broken up into separate chunks, as well as how it relates to a mortgage. Watch the previous video on deposits to get more information on the whole process. If you need a real estate lawyer in Alberta, get in touch with 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 bite-sized pieces of real estate knowledge.

Buying and/or selling real estate in Alberta? Barry can help. Contact him now!

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

What Is a Deposit?

Focus on Real Estate: Quick Tips.

In this video, Barry explains what deposits are in relation to purchase contracts, as well as why we use them. If you need a real estate lawyer in Alberta, get in touch with 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 bite-sized pieces of real estate knowledge.

Buying and/or selling real estate in Alberta? Barry can help. Contact him now!

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