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Condo Docs: Get ‘em, Read ‘em, Keep Reading ‘em

June 16, 2011 Real Estate
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When you buy a condominium you’re really getting two things when the title gets transferred to you – a piece of real estate and a piece of a business. The guts of what makes a condo different than a free-hold property is the condominium corporation. Because there’s your property is broken in two – your property and the common [...]

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Real Estate Investing 101 – Part 1: Leverage

December 20, 2010 Real Estate
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The most fundamental attributes of Real Estate, beyond the fact that it’s, well, real, is that is can be borrowed against. The action of borrowing money, much like a lever for moving physical things, has the effect of amplifying things. A small push on the right lever can move a large object. This amplification has [...]

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Bank of Canada Holds Steady

December 8, 2010 Financing
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Surprising no one, the Bank of Canada chose not to raise interest rates yesterday, maintaining the benchmark overnight rate at 1%, which makes the banks’ prime rate 3%. From the BoC press release: The recovery in Canada is proceeding at a moderate pace, although economic activity in the second half of 2010 appears slightly weaker [...]

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Your House Is NOT A Damn ATM (and 5 Other Things We Agree On)

November 10, 2010 Investing
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Inspired by this weeks’s entertainment, I got thinking about the commonalities of real estate, economics and investment blogs, whatever their slant. I think there’s a lot we can agree on. Your house is not a damn ATM If you put a HELOC (home equity line of credit) on your home, be damn careful what you [...]

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My $200,000 Retirement Plan

July 31, 2010 Personal
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So this is actually really simple. Buy a $200,000 house today. Rent it out, making sure you’ve picked a house where the rent covers the expenses with a bit leftover. Wait 20-30 years. That’ll make me 50-60. You’ll have (at least) a $200,000 asset free and clear that you can sell, remortgage or light on [...]

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How To Buy A House In 30 Minutes

June 3, 2010 Real Estate
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15 years learning by watching 4 years building relationships 2 years buying my own stuff Which leads to the experience of getting an email, making two phone calls and calling the seller back within 30 minutes of their email to say, “we’ll take it!” I don’t advocate buying property sight unseen, and after I gave [...]

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Your Dream Real Estate Investment

June 1, 2010 Real Estate
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Whenever I talk with new real estate investors I ask them about what type of property they’re going to focus on. Most of them haven’t thought about it at all. A few want to go crazy with basement suites or rooming houses (dreaming of the extra cashflow). And if someone actually has a couple properties [...]

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