Tag Archives: help people and make money

Foreclosure Process in Alberta Part 2

Foreclosure Process in Alberta Part 2

Streams of Income

As a full-time Canadian real estate investor, we must fully understand the foreclosure process in our own province in order to both advise the owners we are helping and to take advantage of the legal processes and time lines to increase our potential streams of income.

We are continuing the article on the Foreclosure process in Alberta. We are up to the point where the lawyer has sent the defaulting owner a demand letter to which there has been no response.

Statement of Claim

The lawyer then issues a statement of claim to the courts. If, at that point, the lawyer does not hear anything, the lawyer searches at the courts to see if there was a statement of defense filed. If not, a notice of default is filed, which is basically saying “this client has defaulted. The mortgage payments were this much, the term was until whenever, the rate of interest was such and such.”

The Order Nisi

The owner will then be summoned to court to appear in front of a judge. At this point, an Order Nisi (order for sale) is filed, and the judge will assign a redemption period based on what the borrower’s chances of paying off this property are.

Redemption Period

The redemption period is typically six months, which means that the owner gets to live in the property without paying for six months(although the mortgage payments, legal fees and interest are still racking up.

This period and the time leading up to this point is a golden opportunity for an investor to get in there, make a deal to take over that property, pay off the arrears, and be able to make some amazing money. In our real estate training we go into this process in great depth.

Order Nisi

Once the Order Nisi is filed, and the mode of sale is ordered by the courts there is still time to help that owner but we have to become even more creative in our strategies. This is why knowledge, skill and education are key in making lots of money in Canadian Foreclosures.

World Wealth Builders offers an intensive 3 day training on Foreclosures in Canada and highlights your province specifically.

In a future article, we will talk about all the advantages that the investor has to be able to capture equity in a property and be able to make tons of money while helping the person that is in trouble at the same time.

Happy investing!

www.WorldWealthBuilders.com/live

P.S. Take Action now to attend the eye-opening seminar and walk away with confidence, knowledge, and specific "action ideas" that can help you achieve your dreams and leave the rat race behind.

We have been training Canadian Real Estate Investors since 1993

http://www.canadianwealthbuilders.com/foreclosures-in-canada

 

Your success is our business!
Navtaj Chandhoke
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Foreclosure Process in Alberta Part 1

Foreclosure Process in Alberta Part 1

As a full-time Canadian real estate investor, we must create many ways of doing deals and making money. We need to create massive and passive income for ourselves that occur on a regular basis. If you are one of those real estate investors that is relying on one or two real estate agents to bring you deals, then you will indeed starve to death.

Continue reading Foreclosure Process in Alberta Part 1

Database Building – Part 3

Database Building – Part 3

If you missed the previous article – Database Building – Part 2

As a full-time Canadian real estate investor, we need to make the most from our time and learn not to waste time. We need to be doing important work such as creating more deals to increase our massive and passive income. In our training apprenticeships, one of the areas of focus is proper building of database.

Continue reading Database Building – Part 3

Database Building – Part 2

Database Building – Part 2

If you missed the previous article – Database Building – Part 1

As a full-time Canadian real estate investor, we need to be doing business in a manner which drives deals to us on a regular basis. After all, massive and passive income is the name of the game.

Continue reading Database Building – Part 2

Database Building – Part 1

Database Building – Part 1

As a full-time Canadian real estate investor, we must be creating massive and passive income for ourselves. We will have a hard time creating financial independence  by allowing a realtor to be the sole supplier of your deals.

Continue reading Database Building – Part 1

The Benefits of a Real Estate Coach / Mentor

Becoming a full-time Canadian real estate investor is not something one should take lightly.  The amateur real estate investor will commonly go out and buy a property, make mistake after mistake and end up costing themselves lots of money and time. They will then run from real estate investing thinking that real estate investing doesn’t work.

Continue reading The Benefits of a Real Estate Coach / Mentor

The Role of a Personal Assistant

The Role of a Personal Assistant

As a full-time Canadian real estate investor, we must be actively creating massive and passive income for ourselves on a regular basis. Our time is our most precious commodity and therefore must use it wisely. We get the most profitable use from our time by doing deals, not by doing small tasks.  There are many facets of being a full-time real estate investor that are very important yet quite time-consuming. If we are able to pass of some of these duties to somebody else, it will be more likely that we can be focusing on doing more deals.

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Two Ways of Breeding a Bird Dog

Two Ways of Breeding a Bird Dog

As a full-time Canadian real estate investor, we must create a continuous flow of deals that are creating massive and passive income for us. The average real estate investor can be subject to great lulls of time where they are not getting paid from the profits from a deal or are receiving very, very low amounts of positive cash flow from a rental property.

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Mindset Equals Success

Mindset Equals Success

Continuing in the series " Becoming a Successful Real Estate Investor"

To become a successful full time real estate investor and to become a multi-millionaire requires a different mindset. You must agree that millionaires think differently than the average person. The first attribute millionaires have over the average person is they have clear defined goals. I mentioned the results from a recent study in a previous article: 95% of people do not have written goals, and only 5% of people do.

Continue reading Mindset Equals Success

Becoming a Full Time Real Estate Investor

This article is a continuation in the series "Becoming a full time real estate investor"

As a full time Canadian real estate investor, we need to everything we can to create  business for ourselves that is outside of the conventional method of buying a property. This typically is purchasing property with our own money witch includes an exit strategy of either becoming a landlord or fixing property up and selling it. This is buying yourself a part time job which usually includes a full time job time requirement.

Continue reading Becoming a Full Time Real Estate Investor