Real Estate Blogs

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How a Reverse Mortgage Can Help Homeowners Avoid Foreclosure
Cathy ShenCathy Shen   December 28, 2017   5458   0   3   0   0   0
One of the most overlooked methods that homeowners may have available to save their homes from foreclosure is obtaining a specific type of loan called a reverse mortgage. Because of its limited applicability, it is not frequently discussed as an option, but it may provide certain foreclosure victims with one more valuable solution. A reverse mortgage is usually used by homeowners over the age of 62 who are trying to supplement their monthly income. Instead of paying a mortgage every month, the reverse mortgage will pay the homeowners. The payments can be taken in a number of ways; for example, the homeowners may receive one lump sum from the mortgage company, get a certain amount every month, or be given a line of credit to be used whenever it is needed. Even if there is already a mortgage on the property, a reverse mortgage can be used. The main consideration will be how...
 
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100 Ways to Create Real Estate Leads
Jarek BucholcJarek Bucholc   October 02, 2017   7116   0   3   0   0   2
How effective is your marketing? Until you start this important element of your business, your business will not really be started… The key fundamental element in the first level of your real estate investing business is creating systematic and consistent lead generation. Have you focused on that yet? If not, you do NOT have a business, you have a hobby or a dream. Your commitment to this area of your investing career is critical to your success. There are many different ways to create leads. Here are about 100: Accountants and CA Firms: They have clients with financial problems where an investor can be of help. Advertising: Never stop. Use simple ads with a USP, Unique Selling Proposition: Quick Closing, All Cash etc., Buy Houses Ads, Newspapers, Flyers. ...
 
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Canadian Real Estate Magazine   July 03, 2017   848   0   0   0   0   0
As a mortgage broker the worst question to get asked is “what’s the best rate you can get me?” When you shop for rate alone, you are unfortunately missing the bigger picture! Let’s look at why this makes a difference when purchasing property in Canada and the US. When you buy in Canada rate might be a good focus for you, because there are so many lenders competing on rate alone and with the high property prices rate is the main focus, because it indicates in many cases whether we can cash flow or not. However, aside from rate is the type of rate (variable or fixed) and the term you choose. For instance, In Canada if you are a Rent to Own investor, you want to get a 3-year fixed or 5-year variable not a 5-year fixed....
 
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GTA Housing Market - Cooled Off or Simmering? Mortgage Services
Canadian Real Estate Magazine   June 05, 2017   625   0   0   0   0   0
Guest Post by Yvette Barnes[1], Real Estate Salesperson at Right at Home Realty We’ve heard a lot since the Federal and Provincial governments weighed in on the GTA housing market. Has the market cooled?  It depends. Prices soared last November because there were no listings. This April revealed 21,600 new (‘active’) listings – 33.6% more than April 2016. Our ‘active’ listing supply is 3% higher than this time last year. The May statistics verify new listings are about 47% more than the same period in 2016. In 2017, TREB reports a year-over-year growth of 20-25%; March was at 30%. This suggests the market has returned approximately 5% of the price increases gained. Rent Control applies to all residential units effective April 20, 2017 and will have a considerable effect on landlords and tenants alike. Temporarily, tenants feel protected knowing rent increases are controlled (now 1.5% per year). Over...
 
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The Shift From a Seller’s To a Buyer’s Market Is Especially Helpful To Non-resident Buyers!
Canadian Real Estate Magazine   June 04, 2017   592   0   0   0   0   0
As the summer approaches, I start to get inquiries from Canadian non-resident or expat clients, inquiring about how to purchase properties in Canada. Many of these clients are Canadian citizens but they are working and living abroad in countries, such as, Dubai, Singapore, Abu Dhabi and England just to name a few countries.  Canada, luckily enough is very favourable to foreign investment, and while these clients are not considered foreigners, once they live outside the country for a number of years, and no longer pay taxes at home, they are not considered citizens and thus do not enjoy the same financing benefits for residents of Canada. Thus, I thought a good primer would be good.  Let’s look at a recent example. Jenny and John, have been living in Singapore for the last 3 years both teaching at the international school.  They receive a tax-free income and don’t pay...
 
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How A Pre-Approval From the Bank Went Array! Mortgage Services
Guest   January 15, 2017   1171   0   0   0   0   0
Recently, I was contacted by a new client that was separating from her husband. Prior to filing for separation they decided to amicably split and split the proceeds from the sale of their existing home. They agreed that since they had no children and he had supported her through her schooling, he would not pay her alimony. The amicable split helped them protect their credit score as the credit score will usually take a hit, when you divorce or separate. Divorce or separation can have a major impact on both your personal and financial lives. Where you might have previously had joint accounts for major expenses like your mortgage or loan payments, now you will have your sole accounts. Furthermore where you had two incomes you now have one income. Divorce or separation is not necessarily a death sentence on your credit score, but where it can be impactful is...
 
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New Years Resolutions For Investors Services
Guest   December 31, 2016   1060   0   0   0   0   0
January is a time of year that new resolutions get made and also broken! For instance usually try to start some kind of diet or exercise program, only to give up by February. For those that are looking at their debts – especially after Christmas with higher spending than usual, they may endeavour to start a budget or stick to a budget or even get some help with credit counselling. For investors, this may be a great time to reflect on the past year’s successes or misses. For instance at the start of the previous year, you may have set a goal to buy 1-4 properties during the year or you may have wished to start lending your money instead of becoming a landlord or you may have started off great only to be brought to a full stop due to the inability to qualify for a mortgage or lack of a down...
 
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3 New Changes To The Land Transfer Tax in 2017! Mortgage Services
Guest   December 21, 2016   1189   0   0   0   0   0
The Government keeps changing up rules and on January 1, 2017 those of you in Ontario, will see 3 new rule changes – some good and some bad! Change # 1 – There will be an increase in the First Time Home Buyer rebate from $2,000 – $4,000, effective January 1, 2017. This is great as it offsets the reduction in buying power, we saw with the latest mortgage rules. However, the deal must close AFTER January 1, 2017. If your deal is set to close this month, ask your lender to delay the closing so you can take advantage of this new rule. Change # 2 – There is a clear distinction as to who qualifies and who does not qualify for the rebate. If you owned a home previously you don’t qualify – even if that home is...
 
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New Mortgage Rules Equals New Terminology! Services
Guest   December 07, 2016   1080   0   0   0   0   0
It’s no news that the new mortgage rules have thrown everyone into a tizzy! Not only, are there new rules, but now there is new terminology and a new way of thinking we need to adopt, so I thought it would be a great primer to spell it out in this blog post. Before November 30, 2016 we would assess a Purchase in terms of Conventional or High Ratio. Now we need to look at a Purchase in terms of Insurable or Un-Insurable. Note all refinances are considered Un-Insurable. So how does this affect you? If your deal is Insured, meaning it is insured by CMHC or Genworth, then the following parameters apply: The Purchase price of the property must be less than $1 Million Mortgage must be a Purchase or Transfer The Minimum Beacon score must be 600 ...
 
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Investment Property Shopping Is Not The Same As Home Shopping!
Guest   December 07, 2016   1037   0   0   0   0   0
There is a clear distinction between shopping for a property as an investor and as a homeowner. As an investment property, you may be looking at properties that need lots of work or may have smells that you would avoid as a potential homebuyer. Recently, an investor I met, said “the smell of poo is the smell of money”. While that is gross, it is also true! As an investor, the worst shape the property is in, the better the deal you will get. Remember the money is in the buy! On the other hand as a homebuyer, in most cases you are looking for a turn-key property and one that you can call home for years to come. I wish I had kept this in mind, when I was shopping for my first rental property. I was looking for a property that was turn-key and thus paid...
 
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Investors That Start and End With Their WHY Will Always Succeed!
Guest   November 24, 2016   1169   0   0   0   0   0
When I started investing in real estate, I remember my coach saying to me “always start and end with your WHY. I didn’t know what my Why was when I started or why it even mattered, but as I gained more experience and started making passive income, I stopped to reflect on what my Why was and why it actually mattered. Everyone has a different reason for getting into Real estate investing; for some they hate their job and want to pursue real estate investing to be able to quit their job; for others they love their job but just need a bit more month before the money runs out; and others just love real estate as a passion. However, no matter what the reason, they all start and end with their WHY! My WHY is to build a retirement fund so I don’t have to work passed the age...
 
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Alternative Ways To Invest in Real Estate Services
Canadian Real Estate Magazine   November 03, 2016   960   0   0   0   0   0
Many real estate investors start out with a dream of owning many properties but ultimately, many things can sway the dream or the well-thought out plans, such as low inventory, high prices, low cash flow and the inability to qualify. So you have money but can’t get the returns you want, or you cannot find a property within your budget, so how can you make that money work for you?  There are many different options available. Syndicated Mortgage Investments, which are large-scale, blue chip real estate investment opportunities. Using this vehicle, investors lend money to Canada’s most experienced, successful real estate developers to support their urban housing, and commercial real estate development projects. Lately Syndicated mortgages are taking a beating in the press but not all projects or developers or even syndicate companies should be painted with the same brush. They are still a great investment option! Our...
 
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Jason MeierJason Meier   September 16, 2016   1387   0   0   0   0   0
Gеnеrаtіng hіghеr рrоfіts thrоugh fіndіng dіffеrеnt іnnоvаtіvе аnd соst еffесtіvе tесhnіquеs іs thе bаsіс аіm оf аll thе busіnеssеs іn thе wоrld. Тhе рrосеss оf оutsоurсіng іs thе rеsult оf thеsе fіndіngs оnlу. Оutsоurсіng уоur јоbs саn hеlр уоu tо соnсеntrаtе оn busіnеss dеvеlорmеnt аnd реrsоnаl lіfе. Аlоng wіth оutsоurсіng, vіrtuаl аssіstаnt sеrvісеs hаvе аlsо bесоmе quіtе рорulаr. Оutsоurсіng уоur аdmіnіstrаtіоn wоrks, sесrеtаrіаl tаsks оr оthеr nоn-strаtеgіс јоbs tо а реrsоn sіttіng оffshоrе іs thе mаіn соnсерt оf vіrtuаl аssіstаnt sеrvісеs. А vіrtuаl аssіstаnt саn hаndlе vаrіеd busіnеss tаsks sіttіng іn hіs/hеr оwn оffісе. Тhе rаngе оf sеrvісеs bу а vіrtuаl аssіstаnt іs асtuаllу unехрlоrеd. Ніs rеsроnsіbіlіtіеs іnсludе аnswеrіng уоur рhоnе саlls, сrеаtіng оffісіаl dосumеnts, uрdаtіng уоur wеbsіtеs аnd sосіаl nеtwоrkіng sіtеs, аrrаngіng аnd оrgаnіzіng mееtіngs аnd соnfеrеnсеs, hаndlіng ЅЕО аnd ЅЕМ саmраіgns аnd а nеvеr еndіng lіst. Тhіs nеw соnсерt оf а vіrtuаl аssіstаnt іs іn grеаt dеmаnd thеsе dауs, оwіng tо thе fаst аnd соmреtіtіvе lіfе оf...
 
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I think I want to be a Real Estate Investor – Now What?
Jarek BucholcJarek Bucholc   August 19, 2016   4594   0   3   0   0   0
You wake up one morning to find that you’re, quite literally, dragging yourself out of bed. You’ve been in the same job for years and you can reasonably predict how your day will end even before it officially began. To make a long story short, a change is definitely in order. Over a quick shower and a mug of your favorite coffee, you briefly put your situation in a nutshell. You have decent savings in the bank and you badly want to do something different, something that will allow you to learn new things and meet different people. In a burst of sudden inspiration, you ask yourself: why not become a real estate investor? The start of a dream: real estate investing Getting inspired to venture into real estate investing can be very exciting. For one thing, it takes you away from the drab – or at least,...
 
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Alberta Foreclosure and how it works
Navtaj ChandhokeNavtaj Chandhoke   August 12, 2016   1428   0   1   0   0   0
No matter who you are, if you are in the process of a mortgage that has defaulted, you need to know the process of Foreclosure in Alberta. Alberta foreclosure is about the legal steps that a Bank or a lender takes to recover arrears and principal on mortgage loan that is in default. If you need foreclosure help in Alberta please call 1-416-409-7300. We have been serving Canadians in need since 1981. In Alberta the Master in Chambers of the Court of Queen's Bench of Alberta, which isn't the case in the rest of the provinces. They can also decide who the property is sold to and for what price. How Alberta Foreclosure Process starts? Canadians are most likely to default under a non-payment of mortgage payments. After one missed payment, the Alberta foreclosure process can legally begin. But other reasons can cause the...
 
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661 results - showing 1 - 15  
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Squatters
Category: Blogs
Getting Rich by occupying other people's property ...
 
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Wholesaling Real Estate - Low Risk Investing
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Wholesaling real estate can be a great way to...
 
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Category: Blogs
A hard money loan is a specific type of...
 
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Private Money Lenders
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Finding a private money lender is an essential part...
 
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Real Estate Investing and Hard Money Loans
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Maybe it sounds too good to be true--the profit...
 
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"FutureFit “and “You’re The Boss” Mortgages
Category: Blogs
"Canadian credit unions are become exceptionally creative to attract...
 
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October , 2008 -- Moving day has arrived, which means...
 
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100 Ways to Create Real Estate Leads
Category: Blogs
How effective is your marketing? Until you start this...
 
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Who should pay your Down Payment
Category: Blogs
The Government of Canada offers programs and services to...
 
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The Purchase Offer - Three Important Clauses
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Many home buyers, and even some investors, seem to...
 
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