Fourplex Puzzle (Part One Handout)

Text Notes for Podcast Episode 23: “Fourplex Puzzle (Part One).”

Things to consider when changing your real estate strategy from single-family to multifamily. How your success changes the attitude of family and friends. One way to raise your multifamily down payment.

Download the handout (Mac control + click + “save as” / PC right click + “save as”) HERE. Continue reading

How Snoopy Should You Be?

Podcast Episode 22:  “How Snoopy Should You Be?”

Commercial financing of real estate, (usually six units or more ) is different than retail financing. Lenders have their own lawyers and require more diligence. If buying in a corporation your lawyer usually has to provide the lender’s lawyer an opinion that your corporation is properly incorporated with the power to make a purchase and mortgage property. Your minute book must be up to date or delays will occur. Lenders usually won’t lend to someone who has gone bankrupt. In a joint venture ask your partner, “have you ever been bankrupt?”

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

The full-text version of this Tale from the Trenches can be found HERE.

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

How Snoopy Should You Be? (Handout)

Text Notes for Podcast Episode 22: “How Snoopy Should You Be?”

Commercial financing of real estate, (usually six units or more ) is different than retail financing. Lenders have their own lawyers and require more diligence. If buying in a corporation your lawyer usually has to provide the lender’s lawyer an opinion that your corporation is properly incorporated with the power to make a purchase and mortgage property. Your minute book must be up to date or delays will occur. Lenders usually won’t lend to someone who has gone bankrupt. In a joint venture ask your partner, “have you ever been bankrupt?”

Download the handout (Mac control + click + “save as” / PC right click + “save as”) HERE. Continue reading