Real Estate Investing

Guest Post: Did you know Airbnb can be risky business?

Guest Post: Did you know Airbnb can be risky business?

Thinking of Airbnbing your condo? Maybe you're already making extra money hosting guests for a few weekends.

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Expenses when Selling – Where Does Your Money Go?

Expenses when Selling – Where Does Your Money Go?

When you decide to put your house up for sale, you should know exactly what expenses will incur and what funds must be dolled out.

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Repossessions, What They Don’t Tell You

Repossessions, What They Don’t Tell You

Have you ever thought about getting into real estate investing? People love the idea of getting rich quick. They watch the American TV shows, hear about some guru who made millions, read a book, or taken a course. A lot of people think it is easy and flawless.

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What Type of Real Estate Investor Do You Want To Be?

What Type of Real Estate Investor Do You Want To Be?

Since I started my Real Estate Investor's Group in 2010, I get a call at least once every 2 weeks from enthusiastic wannabes

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Buying a Profitable Duplex

Buying a Profitable Duplex

“Real estate holds its ground. Even if there was a big drop in the market, eventually it will go back up.” -Jennifer Walker

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Land for Sale in Montreal West Neighbourhood

Land for Sale in Montreal West Neighbourhood

Potential to build your own house,
Condos or duplex (to be verified with municipality)
Neighbourhood market will hold house prices into the $500-600K

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Where to start as a Real Estate INVESTOR?

Where to start as a Real Estate INVESTOR?

As far as getting started, it’s very easy. Most people make it harder than it is to start. I know a guy who’s spent 50K on courses and hasn’t yet “gotten started”.

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LEASE OPTIONS – Banks won’t lend to you?

LEASE OPTIONS – Banks won’t lend to you?

I met Gerald Czernohorsky at my Montreal RE Investors Group. We got together for coffee the other day and he was telling me about his lease option formula that he’s built his business on. I was intrigued because I know ...

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Saving the Deal

Saving the Deal

About 70% of all deals will run into a snag.These all could be deal breakers if not handled properly. The solution to these “situations” is dedication, research and a lot of plea bargaining and negotiating. These “situations” could be anything ...

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Where to Find Real Estate and It’s Market

Where to Find Real Estate and It’s Market

This past week I attended an RBC breakfast presentation. There were two important Guest Speakers who talked about the Quebec and Canadian Economic and Real Estate Market.

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The Ins & Outs of financing up to an 8plex

The Ins & Outs of financing up to an 8plex

Marc-André Rocher from the Royal Bank gave a talk at my Real Estate Investment Group about bank financing for residential multi-door. For information on our group, click here: Montreal Real Estate Group

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Revenue Proprieties: Sellers market –Nov 2010

Revenue Proprieties:  Sellers market –Nov 2010

As a Real Estate agent I’m having a hard time finding properties for my buyers. I’ve been very frustrated with the multiple offers that end up on a building that just got listed. I’m running around with my clients without ...

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Welcome Tax Increases in Montréal

Welcome Tax Increases in Montréal

The Act respecting duties on transfers of immovables allows Ville de Montréal, by by-law, to raise its taxation rate for immovables with a value of more than $500,000. Every municipality must collect duties on the transfer of any immovable situated ...

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Creatively Finance your Deals

Creatively Finance your Deals

Most of us assume that when it comes time to buying a building, whether it be a house or a million dollar structure, that there are only two ways to do it: Pay cash or get a mortgage.

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Repossessions in Today’s Market

Repossessions in Today’s Market

I get a lot of phone calls from people looking at getting into flipping houses. I know I get these phone calls because of the mindset that we are in a recession. I’m not sure what clearly defines recession, however I don’t think this is it:

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Presenting several promises to purchase

Presenting several promises to purchase

I get asked often, well what happens if I receive more than one promise to purchase at the same time. How does that work?The listing agent must respect the ACAIQ laws (our governing board) which states that after receiving a ...

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One way to get rich with Real Estate

One way to get rich with Real Estate

How to get started:
Buying a house for a home will give you a great place to live. Buying a duplex for a home will give you a great place to live and many options towards an opportunity to make money.

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Why not turn your duplex into condos?

Why not turn your duplex into condos?

What is an undivided co-ownership? According to the Civil Code of Québec, undivided co-ownership is ownership of the same property, jointly and at the same time, by several persons or companies called “undivided co-owners”, each of whom is privately vested ...

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Cancelling your mortgage, $11,000 fees!!!

Cancelling your mortgage, $11,000 fees!!!

Clients of mine have had their mortgage for sixteen months with Industrial Alliance. They have to sell their house. They looked into breaking their mortgage which is at $243K @ 5.66%, with 284 remaining months left to pay, becoming due ...

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September Real Estate Market

September Real Estate Market

With news of market crashes, how is it affecting our neighbourhood real estate here in Montreal? Are there more or less homes selling then a year ago? Are there more price reductions? Are homes selling close to their asking price? ...

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Upgrades – get the most out of your property

Upgrades – get the most out of your property

If you are buying and planning on re-selling or renting out, to get the most out of your property you might want to do some upgrades to give it curb appeal. The amount of upgrades needed would depend on a ...

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Repossession of a dwelling

Repossession of a dwelling

Source: Régie du Logement du Québec, December 2002 • The Régie du Logement wishes to inform owners and tenants of their rights and obligations with respect to repossessionIt's only the owner of the dwelling that may repossess it and one ...

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Should you rent it out or flip?

Should you rent it out or flip?

I get asked this question from a lot from people who want to get into real estate investing. It’s between a long term gain or a quick turnaround buck. Let’s look at their differences.

Buy and hold real estate If ...

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Difference Between the Selling and Asking Price

Difference Between the Selling and Asking Price

When it comes time to pricing your home, there is only one thing you need to know, “what are the sold comparables”?Why is it so important to price your home correctly ? To attract real estate buyers. These days with ...

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Run the Numbers Before Buying an Investment Property

Run the Numbers Before Buying an Investment Property

People talk about running the numbers before buying an investment property, but what are the numbers and how do you get accurate numbers? Running the wrong numbers can make the difference of making $500 or losing $1000 per month.

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Negotiating

Negotiating

If you think successful salespeople "wing it" when it comes to negotiation, think again. In truth, they prepare for every negotiation with the same rigor as a student preparing for an upcoming exam.Smart salespeople realize effective negotiation depends on preparation. ...

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Before you Build for Resale

Before you Build for Resale

The plan before you buy
1) What has sold in the past year in the area?
2) What is the buying pattern of

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The Assessment Roll and Property Values

The Assessment Roll and Property Values

The value of your property reflects its market value on July 1 of the second fiscal year preceding the first for which it is conceived.

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Considering Start-Up Costs

Considering Start-Up Costs

Did you know that when you buy a property, you need to have money put aside to cover start-up cost swift codes bank in United States? A down payment and mortgage payments are not the only costs involved so it’s ...

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Homes for Sale in NDG-SOLD

Homes for Sale in NDG-SOLD

Would you like to know how many homes are for sale and for how much in which areas?

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