Tag Archives: Canadian real estate investing secrets

Canadian Cash Home Buyers

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Speed, convenience, peace of mind, and financial motivations top the list of reasons a growing number of sellers are turning to Canadian cash home buyers
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This is the option that a lot of Canadian home sellers are going with these days, especially if they want to sell their houses fast for cash.

Canadian cash home buyers purchase properties to fix it, add legal basement in-law suites to resell or rent them. If you have a property to sell, a Canadian cash home buyer will purchase it, regardless of anything else.

You make a phone call or answer, agree to an offer, and then it’s not something you have to worry about anymore. Selling your house for cash has similar benefits to trading in your old vehicle to the dealership when you buy a new car. Sure, you might pocket a little more money if you sold it yourself.

In real life in Canada selling for cash won’t mean that a person shows up on your doorstep with a briefcase full of hundred-dollar bills. You’ll still have official steps to complete all paperwork with the approval of your Canadian real estate lawyers.

We will quickly inspect the property and can send their cash offer for fast closing. Canadian Cash Home buyers
Here’s how each one of these motivations could apply to your situation.

Speed and super convenience

  • You inherited a house you’re unfamiliar with and perhaps far away from.
  • You don’t want to disrupt your life with house prep, staging, and showings.

Need CASH now

  • You’re on the brink of foreclosure, repossession by the bank, power of sale, eviction or seizure of your home.

Canadian cash home buyers means business, and once they make you an offer, the whole process could be over and done within a matter of days. Moreover, with Canadian cash home buyers, you won’t need a real estate agent, no need to repair the property, clean up so you’ll pay no commission, which ends up saving you a lot of money.Canadian Cash Home buyers

Canadian cash home buyers even can help you with EMERGENCY CASH, if the property owner is facing foreclosure, power of sale, repossession by the bank, eviction, seizure etc.

In general, selling your home to a Canadian cash home buyer typically allows you to skip the home prep, showings, and staging hassles and arrange a more flexible closing timeline to coordinate with the purchase of your next residence. But not all cash buyers have the same exact business model.

We do help homeowners going through difficult situations. Forget the showings and the real estate’s commissions, sell your house fast today. Please call 1-416-409-7300/text anytime or go to www.preigCanada.com/we-buy-houses

Serving Canadian home sellers in need of fast CASH successfully since 1993.

P.S : Remember, you are just one flip away from financial freedom! If you want to get one step closer then register for the Canadian real estate investment strategy apprenticeship LIVE 

Seats are selling fast and we will soon be SOLD OUT.

EMERGENCY CASH AVAILABLE ! Please fill up the form and call/text us at 1-416-409-7300

Closing the Deal – Part 2- Unforeseen Costs

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As a full time Canadian real estate investor, we must be creating massive and passive income by facilitating many types of deals. We have to fully understand the scope of every deal, have the capability to analyze it fully and make informed decisions as to the proper exit strategy.

Whether we are purchasing a property for ourselves, for a joint venture project or have the property under contract to assign, we must be able to outline all potential expenses pertaining to the acquisition. Closing costs are a necessary part of the expenses.

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Foreclosure Process in Alberta Part 2

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Foreclosure Process in Alberta – 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.

Foreclosure Process in Alberta

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.

Foreclosure Process in Alberta 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.Foreclosure Process in AlbertaForeclosure Process in Alberta

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 Passion!

 

Creating an Entourage of Experts Part 2

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To be successful as a full time real estate investor, you will need to create a support team that will help make you rich. We like to call this  your “entourage of experts.” We are continuing in our series.

If you missed the previous article – Creating your Entourage of Experts – Part 1

How many professionals do we need on our team?

The question to be asked is: how many people do we need locally and how many people can we utilize outside of where we live (by that I mean other towns or cities that we are, or plan to do business in).

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Becoming a Successful Full Time Real Estate Investor

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Becoming a Successful Full Time Real Estate Investor

 

This is a continuation of  Becoming a Successful  Full Time Real Estate Investor – Setting goals

In order to be successful, both the rookie real estate investor as well as the veteran needs to continue to implement strategies to improve their business. There is always a way to sharpen your skills to create more success.  One of those necessary implementations is goal setting.

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The Suicide Clause

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The Suicide Clause

As a full-time Canadian real estate investor, we must be very aware of the types of mortgages that we take. During our time as an investor, we will  do deals where we do not take the mortgage ourselves. In other words, we may joint venture with someone who does the qualifying. We will, however, be doing deals where we do have to get a mortgage.

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Mortgage Jargon – Part 5

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Mortgage Jargon – Part 5

If you missed the previous article – Mortgage Jargon – Part 4

We will continue in our series of Mortgage jargon. As full time Canadian real estate investors, we need to utilize the following definitions as part of our everyday language.

Estopple Certificate

This is a document that outlines the legal and financial state of a condominium corporation. When a condominium corporation is formed, and goes on for a period of years, they have certain legal outlines and an annual (if not monthly) financial statement that is created by its members. If you are getting into purchasing a condominium project, you must understand the state of it financially and legally by getting an Estopple certificate.

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Becoming a Full Time Real Estate Investor

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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.

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