Being a Canadian Real Estate Investor one should be aware of the Ontario Mortgage Act which have rights and privileges for the lender(bank) as well as the home buyer. As a professional Real Estate investor you will find knowing the Ontario Mortgage act gives you the edge to assist the distressed home owner as well as help the lender to resolve by doing so making a huge profit for themselves. When a home owner defaults the lender (bank) have the right to call off the mortgage and collect all the delinquent payments along with legal fees, administration fees, property management and the court costs. Since a default becomes a dispute, both the property owner and lender have to follow certain law to protect each other’s rights.Power of sale notice is issued by the lender upon default.
Quick Bucks with Wholesaling Real Estate in Canada
Wholesale Real Estate Canada,A Great Strategy for Real Estate Rookies.If you are a real estate newbie investor, say hello to your new favorite strategy! We’ll refer to it as wholesaling, but you may also hear people refer to it as quick-turning, assigning the contract, or flipping. Why will it be your favorite strategy? Easy. Because you need.
Tetraphobia is an aversion to or fear of the number. The house number can be goldmine or a curse depending upon the people you are dealing with. The superstitious is alive and well” says Navtaj Chandhoke, founder of one of the largest Canadian Professional Real Estate Investors group (PREIG) Canada. I have seen people paying premium for numbers like 3, 8, 786 and so on and you will be bidding war, no matter what the economy is doing compare to number 4, 13 and 666 which means you will have extremely difficult time to sell and at much lower price.”
What does a developer look like? No, they do not look like big fat cats that are untouchable and up on some sort of real estate investing pedestal. Well, I’m sure there are some like that, but my point is, they look like you and me.
As a real estate investor, we must think outside of our box. If we have only been a small time, one of, small portfolio type of investor, well that’s OK. However, it is also very important to think bigger.
If we want to create massive and passive income for ourselves we can do it over a long period of time or we can perhaps create wealth more quickly. We can expand our knowledge to be able to understand the benefits of controlling not just one property, but many at the same time.
Major Misconceptions of most Investors
Three major misconceptions most real estate investors have are:
- Big deals never come to small real estate investors like me. (not true; if you know how to talk the talk, most builders will be happy to work with someone who can help unload unsold inventory)
- The town planner would never take their time to meet or talk with me. (town planners are happy to speak with real estate investors that can help both realize what the town’s future plan has in mind and help to beautify the town with nicer properties)
- Getting zoning changes from the municipality is virtually impossible. (if the changes are in keeping with the town’s expansion plans, then it is very easy you just have to educate yourself on what the plans are and the time-line involved)
The World Wealth Builders Wholesaling Apprenticeship is an exciting and unique opportunity to learn how to become a developer. You will learn how to create massive and passive income for yourself through over 50 specific strategies. The understanding of the acquisition process of multiple properties, dealing with municipalities etc., can give you a major advantage as a real estate investor.
You will also be learning about city zoning bylaws, working with the town planner, understanding the city border lines, and how to use them to your advantage. You will learn to not only be a developer, but a pawn broker of real estate, allowing you to control or buy massive amounts of properties at a huge discount.
To obtain more information about our upcoming Wholesaling Apprenticeship please send an email to vp@WorldWealthBuilders.com or go to www.WorldWealthBuilders.com/live.html
Regular Tuition Fee – $9995*
Special Price for Live Presentation – $4995* (For dates and times check our calender)
To Register Click Here
*+ applicable taxes (GST/HST)
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Flip Houses make Instant Cash
New Strategies for Canadian real estate investors
Canadian Real Estate Investors Training LIVE are quite common for Canadian Real Estate Investors. Canadian Real Estate Investors Training teaches how to use borrowed all the money required to acquire the investment to write off all the interest. Canadian Real Estate Training teach investors how to use other people money, Government grants, rebates and tax credits.
Canadian real estate speakers: We can bring you headliners, keynote speakers, Canadian real estate seminar speakers, mortgage speakers, CREA approved instructors, workshop leaders, breakout speakers, and more.
We do all of the research for you, making your job of selecting the right speaker as easy and efficient as possible. Our customized service is designed to save you time, money and hassle while getting you the best and most appropriate programs for your audience.
Canadian Real Estate Speakers
Canadian real estate speakers:
Navtaj Chandhoke is a Canadian-based real estate investor, speaker, author and educator. He is the founder of the Professional Real Estate Investors Group (PREIG) Canada and World Wealth Builders leading real estate investors education, support,network and mentoring program since 1993.
Through his extensive research and experience, Navtaj developed a comprehensive teaching program that began attracting attention in Canadian Real Estate Investors for its effectiveness and being in the trenches practicality.
Who is Navtaj Chandhoke
He has become a go-to person for national Real Estate magazines, television and radio whenever the discussion of investing in real estate creatively.
Navtaj continues to share his strategies through the Professional Real Estate Investors Group (PREIG) Canada.
Navtaj’s entertaining, humor and informative presentations have been attended by thousands of Real Estate investors across Canada. His secrets, strategies and techniques have been developed and refined yearly for the last 30 years and are based solely on proven Canadian strategies that work in today’s market.
No Money Down, Forgivable down payment, Government grants for Canadians, Joint Ventures and creative Canadian real estate are few hot topices.
Navtaj Chandhoke is known as one of Canada’s leading Real Estate investment mentor and master trainer.
Brian Madigan LL.B.
Canadian Real Estate litigation advisor, mediator, arbitrator and trainer.
Mr. Madigan served as an Instructor and Lecturer in the Bar Admission Course and Continuing Education programs offered by the Law Society of Upper Canada and has published legal precedents relating to various types of real estate transactions. In real estate matters, Mr. Madigan offers litigation support services to law firms, realtors and consultants. He continues to write articles on the real estate industry which are published in local newspapers.
Prior to joining Royal LePage Innovators Realty, Mr. Madigan was a partner in a successful venture capital business providing advice and assistance to entrepreneurial Internet based businesses.
The community has served been well-served over the years by Mr. Madigan’s contributions as a volunteer and Board member in numerous organizations including St. Michael’s Hospital, Credit Valley Hospital Foundation, Erin Mills Baseball Association, the Learning Disabilities Associations in Peel Region and many others.
Areas of Expertise of Brian Madigan
Brian Madigan practised law for over 25 years, primarily in the health care, pension and insurance sectors. My role consistently brought me into the real estate business, advising clients on the acquisition, disposition, and investment in real estate.
Over the last 20 years, Brian Madigan have participated in several venture capital and real estate companies with a primary interest in investment, management, and development of real estate.
Brian Madigan joined Royal LePage Innovators Realty Inc. in October 2005. I am working in both the commercial and residential fields. Brian Madigan have a wealth of experience to draw upon, including over 5,000 transactions involving real estate. Brian Madigan have provided professional advice to the following:
• Purchasers, Vendors and Mortgagees
• Investors, Pension Fund Managers
• Property Managers
• Real Estate Builders and Developers
• Contractors and Architects
The principles of real estate investment and achieving superior returns are relatively straightforward. The difficulty is applying them in particular transactions.
Brian Madigan believe that it is my role to ensure that my clients will make sound and informed decisions concerning the purchase and sale of property.
•an award winning Mortgage Broker, an Investment adviser and President of Clarity Financial.
Who is Ranjit Dhaliwal
Ranjit Dhaliwal is an award winning Mortgage Broker, an Investment Advisor and President of Clarity Financial.
Ranjit Dhaliwal team’s goal is to measurably increase their clients’ NET WORTH – through EDUCATION, INSPIRATION & EXECUTION OF WEALTH BUILDING STRATEGIES, using their primary financial tool – their mortgage (or mortgages).
Ranjit Dhaliwal sits on the Broker Advisory Boards of Equitable Trust, Street Capital and MCAP Mortgage Corporation. He also sits on CMHC’s Broker Advisory Board.
Mortgage Broker FSCO Lic. # M0800613
P.S. – It’s in your moments of financial decision that your destiny is shaped!
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Are You Ready For The Upcoming Real Estate Boom?
What? Real estate boom?
Yes, it’s coming. Maybe not tomorrow. Or next year. Or the next 100 years. But everything is cyclical so you know it’s coming.
Are you ready for the upcoming Real Estate Boom?
Yes !real estate investors find bargains during the buyers market.There is always a boom in real estate.
Then you must attend upcoming Canadian Real Estate Investment apprenticeship
If you are a borrower and a defaulter in payments, your lender can send you the Demand Payment Letter Alberta Canada.
It happens when the mortgagor (borrower) defaults under the terms of the mortgage contract in Alberta. The Demand Payment Letter Alberta is a part of the legal procedure to keep all the parties concerned informed.
Farm Debt Meditation Act
Lender wants the loan to be repaid in full within a specific period. In case of a failure, there comes a notice from the lender under the Farm Debt Meditation Act, It is called the Demand Payment Letter Alberta Canada. In certain situations, a Notice of Intention is also sent to enforce security under the Bankruptcy and Insolvency Act.
Lender wants action on Demand Payment Letter
The Demand Payment Letter Alberta Canada is a warning to the borrower. The Demand Payment Letter Alberta wants the borrower to clear the arrears or face legal action. Subsequently, the property can be taken away. This is where the lender wants the borrower’s full attention.
The lender wants the borrower to understand that the issue, if not resolved, could lead to a lawsuit. Till this time, the owner still has complete control and possession of the property. After a demand payment letter, certain property owners feel the urgency to either pay up the arrears or panic and list the property for sale.
Demand Payment Letter Alberta Canada
The notice indicates clearly that if the debt it not cleared by a specific date, the legal proceedings will begin. It also mandates for the recovery of the outstanding mortgage arrears and all other expenses. The start of the proceedings is up to the lender. They can start immediately. The decision lies entirely within the lender’s power.
If a notice under the BIA (bankruptcy and insolvency act) is served, the lender cannot take any further action to enforce the security
This information, provided as a guideline, is not intended to give a professional legal advice. Please consult a real estate lawyer for opinion in your personal case
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World Wealth Builders offers many unique, practical, out of the box real estate investor apprenticeship. World Wealth Builders offer the student hands on, in the trenches style instruction to facilitate both a different mindset as well as a successful and lucrative real estate investment business. You can attend Real Estate Millionaire Strategies Apprenticeship . To find out more, please go to www.Flipping4Profit.ca
Half Price home-ownership in Whistler-BC, Canada
“You can own a house in Whistler at half price provided that you are employed in Whistler, This is a unique program run by the Whistler Housing Authority. They range in size from studio condos to duplexes and single family homes” say Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada.
“Would-be owners have to be employed in Whistler to buy one. Prices are allowed to increase only a certain amount per year, with the price of most units are tied the consumer price index.”
What are the qualifications for purchasing through the Whistler Housing Authority?
All applicants must be of legal age, Canadian citizens or landed immigrants, must be qualified employees or retirees, and must be pre-approved for a mortgage. Employees must work a minimum average of 20 hours per week within Whistler. A retiree is someone who was employed in Whistler for five of the six years prior to ceasing employment. Applicants or their spouse must not own, either personally, jointly or indirectly through a trust or business assets, any non-restricted real estate in Whistler at the time of the application.
Whistler Home Owner Grant
Half-price home-ownership in Whistler-BC,Canada
The bottom line: the two-bedroom townhouse that could be worth about $500,000 is sold for half that. It’s a strategy that’s allowed local employees with moderate incomes to buy in, but they also don’t get cash in by capitalizing on real market values when it comes to selling their homes.
The program, launched 15 years ago, has been funded by contributions from commercial developers. There are tradeoffs, such as foregoing the chance of striking it rich in real estate. But they make other investments and still get a home in Whistler, surrounded by families who live and work there.
More info at http://www.whistlerhousing.ca/about_wha_ownership.html
What do I need to do to get on the Whistler Housing Authority Purchase Wait list?
If you qualify under the Wait list Guidelines and you have been pre-approved for a mortgage, you can fill out an Purchase Application. This Application is a legal statutory declaration and therefore you need to have it notarized (can be done free of charge at Municipal Hall). As well, we need proof of citizenship or landed immigrant status and proof of employment in Whistler.
How do I find out which resident restricted units are for sale?
Once you are on our Purchase Wait list, we will contact you when a unit comes available for purchase. Applicants are prioritized on a first-come-first-serve basis. You can view the Calendar of Open Houses under the Purchase section to see when open houses are scheduled for available units.
How do I find out what price to offer for a unit?
The Whistler Housing Authority calculates the maximum resale price using the covenant formula, and advises vendors and the purchaser of this price. You can also view the Historical Resale’s under the Purchase section to see what other units have recently sold for.
What type of restrictions may apply to the resident restricted units available for purchase?
There are some units that are only occupancy restricted, which are required to be occupied by either a Whistler employee or retiree. There are also units that are both resale and occupancy restricted, which must be occupied by a Whistler employee or retiree and the resale price of the unit is controlled by the Whistler Housing Authority.
Once I buy a resident restricted unit, can I stay on the Purchase Wait list?
Yes, but your name will be moved to the bottom of the wait list when you purchase a unit.
Why is there a resale cap on the resident restricted units?
In order to maintain a stock of more affordable housing in perpetuity for Whistler resident employees and retirees. The object is to start it lower and keep it low. The Whistler Housing Authority calculates a maximum resale value for every resale restricted unit. Depending on the unit, the resale appreciation is either tied to the Royal Bank of Canada prime lending rate, the Greater Vancouver Housing Price Index or the Canadian Core Consumer Price Index. All resale’s and future developments maximum resale value will be tied to Core Consumer Price Index. If the units did not have resale restrictions, they would eventually become the same price as housing in the private market due to demand.
How many resident restricted units exist in Whistler?
As of 2012, there are 862 price restricted ownership units and 232 Whistler Housing Authority managed rental units. In total there are 1,875 units (5662 beds) including owned and rented units, that form Resident Restricted Inventory in Whistler.
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Are you looking for Master Coach/Mentor/Speaker & Canadian hard money lender ? Join now Canadian REI Club membership to attend upcoming No $$ Down Canadian Real Estate Seminar LIVE in Canada and become next Canadian Real Estate Apprentice
Once all the parties who have direct or indirect interest in the property are determined, the Alberta foreclosure action can be commenced by filing a Statement of Claim Alberta Foreclosure.