Top 10 tips to get your Mortgage approved every time in Canada

Top 10 tips to get your Mortgage approved every time in Canada

Top 10 tips to get your mortgage approved every time in Canada requires preparation and due diligence.

Canadian professional real estate investors understand the challenge to get a mortgage with favorable terms.

There are lot of hidden costs built in from all major Canadian banks, lenders and private hard money lenders.

 

Here are Top 10 tips to get your mortgage approved every time in Canada,

tricks, secrets and strategies, Canadian investors and home owners can use.

1. Have your documents ready to go – if you’re not sure what you’ll need, find out first and get a head start on any paperwork you’re missing.

2. Get a mortgage pre-approval ahead of time – if you are unsure as to whether you will qualify for a mortgage or what you have to do before even qualifying for a mortgage have a lender take a preliminary look at your application so there are no disappointments when you are ready to buy.

3. Have a good credit score – the higher the score the better.Minimum credit of 750 is the best.You can boost and fix your credit by yourself.Strategic Credit Repair Guide from http://www.GovernmentGrantsCanada.ca

4. Don’t borrow your down payment if you don’t have to – the more you have from your own resources, the more appealing you look to a lender.Proof of funds make it much easier than otherwise.

5. Have minimal debt – the less, the better.

6. Buy within your means – you need to qualify for what you buy, ensure it’s affordable.

7. Have good job tenure – the longer you’ve been with the same employer, the better it looks.

8. Provide a large down payment – the more the better because it means less risk for the lender.

9. Sell your existing property first – if you don’t sell, you must qualify to carry both.

10. Have good credit repayment history – a good credit score doesn’t mean much if there’s not enough history of debt repayment.

11. Have positive net worth – assets look good to a lender.

12. Don’t rush – sometimes you can’t rush a good thing.

13. Shop around for the best rate before you buy – prevent delays when it comes time to buy. Deal with experienced Canadian mortgage broker with proven record.

14. Do your research first – be prepared to avoid surprises.

15. Don’t change jobs at the last minute – your lender will need the new details and probation can cause issues.

16. Avoid last-minute large purchases – material changes to your application, including debts, can alter your approval status.

17. Consult a professional – use their experience to your advantage.

18. Augment your savings account – more money is always a good thing, right?

19. Understand what a co-signer is – just in case it’s needed, you’ll be ready.

20. Ask for exceptions – you don’t get what you don’t ask for.

21. Be prepared to negotiate – if it’s very important to you, be prepared to discuss it.

22. Don’t take no for an answer – if you don’t succeed on the first try, try and try again.

23. Have a back-up plan – if it doesn’t work out one way, prepare for a plan B.

24. Fill out your paperwork accurately the first time – save time and energy by doing it right the first time. Ask questions if you’re unsure how.

25. Be honest – mortgage approvals can be withdrawn if a falsification is discovered.

26. Know your income if you’re self-employed – it needs to be clearly presented to a lender, so make sure you’re on top of it.

27. Be open to alternatives – there may be other options.

28. Budget for closing costs – costs can vary, be prepared.

29. Pay attention to detail – sometimes it’s the small things that can make a big difference, read the fine print.

30. It’s okay to wait – an approval may not be possible right now, that doesn’t mean it’s never going to happen.

31.Always obtain AACI appraisal in Canada.

32. Get your own credit report to make sure it is clean and there are no errors.

33 Do not allow everyone to check your credit score.

34 Never use more than 60% of available credit.

35.Use owner financing or vendor take mortgages.

36.Be aware of zero percent mortgages from private, government and charities.

37.Ask about penalties before signing up any documents.

38. Be aware of Interest rate differential (IRD)

39. Ask the lender to pay your legal fee.Nothing gains unless you ask for it.

40 Do not renew with the same lender, shop around for better rates and terms.

While the above tips might make getting a mortgage approval a bit more likely, working with an experienced mortgage professional who can successfully structure your application for acceptance by a lender is the quickest route to home ownership.

Once approved, make sure you’re comfortable with the commitment you’re about to make.

Ensure the new mortgage supports your lifestyle by being affordable and aligns with your financial goals.

Please feel free to suggest to add more tips to Top 10 tips to get your mortgage approved every time in Canada.

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

We Buy Houses in Canada

We Buy Houses in Canada   

 

Professional real estate investors group (PREIG) Canada is helping fellow Canadians in need and we buy houses in Canada for cash with fast closing.We buy houses in Canada to provide instant cash, fast closing to avoid foreclosure, eviction and help fellow Canadians to downsize and move forward.We buy houses

We buy houses in Canada understand the urgency of time and money. We buy houses in Canada will make a written offer for you to review it with your real estate lawyer and get independent legal opinion.

We buy houses in Canada helping fellow Canadians in need now leads from the front when it comes to helping Canadians in and around the area to sell their homes really fast.

 With deep roots and insights in finance and Canadian real estate, we have helped innumerable Canadians to sell their homes without much of hassles whatsoever.

We buy houses in Canada and we are cash home buyers. The reason you want to sell your home for cash and fast is important to us to make sure that you are able to move forward. Together we can come together with win/win solution.

cash4yourhome

We buy house due to Canadian Home owners are facing one of following challenges;

 

Behind mortgage payments

Needs cash now

Bank/Lender refuses to renew mortgage

Demand letter by the bank, pay up or get sued

Avoid eviction orders by court

Missing mortgage payments

Unemployed

Laid off

Property requires renovation

Work orders by city inspectors

Avoid seizure of your property

Behind Taxes with Canada Revenue Agency

Foreclosures

Right to redeem (power of sale/foreclosures)

Non renewable of Mortgage

Fire damage properties

Power of sale

Sell Your House For Cash
Sell Your House For Cash

Tax Sale

Sheriff Sale

Court case

Eviction by Sheriff

Law suits

Expired MLS listings

Divorce

Bankruptcies

Homes in probate

Family problems

Sickness

Poor health

Pay off debts

Accidents

Downsize

Old age

Sellers whose employers transfer them

Owners who are evicting tenantsforeclosure

Vacant homes

Trashed or damaged homes

No-Commission

Fire damaged properties

Estate Sales

Death

Drugs

Grow Op houses

Meth labs

Murder

Stigmatized properties

Flood/wind damage properties

Seized properties

Auctions

 

All paper work approved in writing by the home owners Lawyer FIRST.

What is important is that you are treated fairly with respect and dignity and get out of the situation really fast.cashbuyers

With a considerable experience, expertise, knowledge, and vital industry exposure, Professional real estate investors group (PREIG) Canada is always successful in assisting Canadians to sell their properties without much of hassles.

By doing so, we have helped innumerable Canadians in need of money get quick cash. We buy any and almost every type of homes and properties. Therefore, Canadian property owners who must sell due to relocating or need fast cash owing to an urgent need, want to sell properties without involving in lengthy and cumbersome procedure.

We buy homes in Canada in any condition and irrespective of the location and condition. Despite the price range and condition of the property, we help Canadian property owners dispose of the property right away. Moreover, we offer no obligation offer to enable Canadian home owners to make the right decision for them.

Professional real estate investors group (PREIG) Canada is the best resource for those who want to know how to sell their house in Canada for quick cash and fast closing.

About Professional real estate investors group (PREIG) Canada

Professional real estate investors group (PREIG) Canada is known to provide a win-win situation to those who are in a dire need of money and want to sell their home fast.

cash4yourhome

 

Tax Sale properties Almonte – Ontario K0A 1A0

municipal act, 2001


Tax Sale properties Almonte – Ontario K0A 1A0


sale of land by public tender
The Corporation of the Municipality of Mississippi Mills

take notice that tenders are invited for the purchase of the land (s) described below and will be received until 3:00 p.m. local time on Friday the 2nd day of December, 2016 at the Municipal Office, 3131 Old Perth Road, Almonte, Ontario K0A 1A0 Attention: Treasurer

The tenders will be accepted in a sealed envelope and clearly marked with the PIN and the roll number of the property for which the tender is submitted. A separate tender must be submitted for each property. Tenders will then be opened in public on the same day at the Municipal Office Council Chambers at 3:05 p.m.

Description of Land(s):

1. Part Lot 15, Concession 10 Ramsay

Being Part 2, Plan 26R9205

Municipality of Mississippi Mills, County of Lanark

PIN 05090-0255 LT

Roll Number 0931 020 025 17838 0000

Minimum Tender Amount:
$10,751.06

2. North West Quarter of East Half of Lot 8, Concession 2

(Geographic Township of Pakenham)

Municipality of Mississippi Mills, County of Lanark

PIN 05079-0009 LT

Roll Number 0931 946 015 03700 0000

Minimum Tender Amount:
$6,596.52

The sale of these properties is subject to cancellation up to the time of the tender opening without any further notice. The minimum tender amount represents the cancellation price as of the first day of advertising.

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters including environmental relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, penalties and interest, HST if applicable, and the relevant land transfer tax within 14 calendar days of being notified as the successful purchaser.

The municipality does not provide an opportunity for potential purchasers to view properties. The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Rhonda Whitmarsh, Treasurer
3131 Old Perth Road
R.R. #2
Almonte, ON K0A 1A0
(613) 256-2064 ext. 262
rwhitmarsh@mississippimills.ca

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
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Canadian Creative Financing Apprenticeship
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Canadian Real Estate Investors Coaching & Mentoring
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Eyewitness Canadian Real Estate Investors Training
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We buy houses all CASH, Fast closing
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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties Southwest Middlesex – Ontario

municipal act, 2001


Tax Sale Properties Southwest Middlesex – Ontario


sale of land by public tender
The Corporation of the Municipality of Southwest Middlesex

take notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on December 1st, 2016, at the Southwest Middlesex Municipal Office, 153 McKellar Street, Glencoe Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Southwest Middlesex Municipal Office, 153 McKellar Street, Glencoe.

Description of Land(s):

Roll No. 39 06 008 020 32800 0000; 151 Roe St, Glencoe; PIN 08564-0061(LT); Part Lots 31 & 32, Plan 288, as in MW110608; Glencoe; File No. 13-02

Minimum Tender Amount:
$20,693.82

Roll No. 39 06 000 040 02000 0000; 6401 Longwoods Rd, Melbourne; PIN 08553-0023 (LT); Part of Lot 2, Range 1 South of the Longwoods Road as in MW114306; Ekfrid; File No. 15-01

Minimum Tender Amount:
$16,533.59

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to, crown interests or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Kristen McGill, H.B.Com, CPA, CGA
Treasurer
The Corporation of the Municipality of Southwest Middlesex
P.O. Box 218
153 McKellar Street
Glencoe Ontario N0L 1M0
(519) 287-2015 Ext. 108

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
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Canadian Creative Financing Apprenticeship
Image

Canadian Real Estate Investors Coaching & Mentoring
Image

Eyewitness Canadian Real Estate Investors Training
Image

We buy houses all CASH, Fast closing
Image

P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties Tiny – Ontario

municipal act, 2001


Tax Sale Properties Tiny – Ontario  L0L2J0


sale of land by public tender
The Corporation of the Township of Tiny

take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on Wednesday December 7, 2016, at the Council Chambers at The Corporation of the Township of Tiny, 130 Balm Beach Road West, Tiny, ON L0L 2J0.

The tenders will then be opened in public on the same date at 3:00 p.m. in the Council Chambers for The Corporation of the Township of Tiny, 130 Balm Beach Road West, Tiny, ON L0L 2J0:

Description of Land(s):

Roll No. 4368-000-013-28010-0000

PT S PT LT 25tinyCON 18 Tiny

as inTI16115 except RO777616;

Township of Tiny

County of Simcoe

PIN# 58415-0171 (LT)

Minimum Tender Amount:
$6,211.62

Roll No. 4368-000-004-39000-0000

LT 11

PL 1216 Tiny;

Township of Tiny

County of Simcoe

PIN# 58391-0037 (LT)

Minimum Tender Amount:
$8,469.55

Roll No. 4368-000-011-52214-0000

PCL 14-1

SEC M21;

LT 14

PL M21 Tiny;

Township of Tiny

County of Simcoe

PIN# 58413-0035 (LT)

Minimum Tender Amount:
$7,924.95

Roll No. 4368-000-011-52213-0000

PCL 13-1

SEC M21;

LT 13

PL M21 Tiny;

Township of Tiny

County of Simcoe

PIN# 58413-0034 (LT)

Minimum Tender Amount:
$7,924.95

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to The Corporation of the Township of Tiny and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Faye West,
Deputy Treasurer
The Corporation of the Township of Tiny
130 Balm Beach Road West
Tiny, Ontario L0l 2J0
(705)-526-4204

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
Image

Canadian Creative Financing Apprenticeship
Image

Canadian Real Estate Investors Coaching & Mentoring
Image

Eyewitness Canadian Real Estate Investors Training
Image

We buy houses all CASH, Fast closing
Image

P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties Hamilton-Ontario

municipal act, 2001

 Tax Sale Properties Hamilton-Ontario


sale of land by public tender
The City of Hamilton

take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on Tuesday November 29, 2016 at the Citizen Service Centre 1st Floor, City Hall, 71 Main Street West, Hamilton, On. The tenders will then be opened in public on the same day at 3:10 p.m. local time in Room 264 of City Hall, 71 Main Street West, Hamilton, ON.

Description of Land(s):

1. Roll No. 25 18 260.200.35010

0 Cayley Street

note: this property is a non-developable parcel

PCL Plan – 1, Sec 62M536; Block 15, Plan 62M536;

Dundas City of Hamilton

PIN # 17584-0116 (LT)

irregular 0.02AC 5.02FR 177.00FR more or less

Assessed Value: Residential$9,000hamiltonMinimum Tender Amount:$2,526.12

2. Roll No. 25 18 301.510.60000

967 Lynden Road

PT LT 13, CON 5 Beverly, As in VM136978;

Flamborough City of Hamilton

PIN # 17540-0038 (LT)

73.31AC 5260.00FR more or less

Assessed Value: Residential $841,000

Minimum Tender Amount:$55,992.88

3. Roll No. 25 18 060.604.00370

250 East 44th Street

PT LTS 49 & 50, PL 972, As in HL47983;

Hamilton

PIN # 17005-0173 (LT)

0.12AC 50.00FR 103.94D more or less

Assessed Value: Residential$240,000

Minimum Tender Amount:$33,195.86

4. Roll No. 25 18 040.288.00790

102 Gertrude Street

LOT 231 PLAN 465 Hamilton; Hamilton

PIN # 17219-0171 (LT)

0.07 AC 29.00FR 100.00D more or less

Assessed Value: Commercial Vacant$43,000

Minimum Tender Amount:$17,108.80

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust company (not a personal certified cheque from a Credit Union account) payable to the City of Hamilton and representing at least 20 per cent of the tender amount.

The municipality makes no representation regarding the title to or any other matters including any environmental concerns relating to the land to be sold. Any existing Federal or Provincial liens or executions will remain on title and may become the responsibility of the potential purchaser. Responsibility for ascertaining these matters rests with the potential purchasers. The municipality does not provide an opportunity for potential purchasers to view properties nor is it in a position to provide successful purchasers with a key or vacant possession.

This sale is governed by Part XI of the Municipal Act, 2001 and as amended by the Municipal Statute Law Amendment Act, 2002. The successful purchaser is required to pay any relevant federal or provincial taxes that may apply on closing (including land transfer tax and HST). Failure to complete the transaction by the successful bidder (highest or if failed, second highest bidder) will result in the forfeiture of their deposit.

For further information regarding this sale including an updated list of properties still available for sale, and a copy of the prescribed form of tender documents, go to the City of Hamilton web site at http://www.hamilton.ca/taxsaleproperties, or contact:

Larry Friday,
Director of Taxation,
City of Hamilton,71 Main Street West,
Hamilton, Ontario L8P 4Y5
Attn: D. Kevin Beattie, Tax Sales Officer
Tel. (905) 546-2424 ext. 4538
Fax (905) 546-2449

mailinglist

 

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
Image

Canadian Creative Financing Apprenticeship
Image

Canadian Real Estate Investors Coaching & Mentoring
Image

Eyewitness Canadian Real Estate Investors Training
Image

We buy houses all CASH, Fast closing
Image

P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

10 Areas to Include in Your Joint Venture Agreement

10 Areas to Include in Your Joint Venture Agreement

 

Ten areas to consider including in your JV agreement include:1

1. Purpose of Joint Venture

Are you buying, fixing, and selling a property together? Are you buying, fixing, and renting a property together? Get really specific on the purpose of this joint venture. That way, both parties are clear and comfortable.

2. Purchaser of the Property

Who is purchasing the property? Sounds a bit obvious — but can be overlooked in some joint ventures. The purchaser of the property is taking on more risk, so this arrangement should be spelled out in the agreement.

3. Term of the Agreement

If you are buying, fixing, and selling a property, you need to put in the agreement how you handle if the property does not sell. You also need to spell out if both partners will be part of the decision-making process of reducing the house price. It is really helpful to include all contingencies and worse case scenarios.

As I shared, we are in the midst of finalizing a joint venture agreement for a fix and flip project with another company. We have specified in the agreement that our partner will determine correct pricing of the finished property and will be in charge of the appropriate timing of reducing the price if need be. Our joint venture partner knows the local market much better than we do, so why would we want to micro-manage these decisions? The key to having a successful joint venture is to be crystal clear on the value each partner is bringing to the table and for the partners to not get involved in areas that are not appropriate for them to get involved with.

4. General Definition Section

Some would say this is just legalese; however, it is helpful to define the key phrases and terms you are using in this agreement. Remember, not everyone defines these common terms the same way.

5. Obligations of the Joint Venture2

In my opinion, this is one of the most important aspects of the agreement. You have to spell out in the clearest terms what each partner is responsible for. This includes who will be responsible for obtaining the commercial loan and how much that commercial loan is for (if applicable). This also includes aspects such as:

  1. Financial: what equity each partner is responsible for 
  2. Operations: who is running the day-to-day operations of the rehab and responsible for bookkeeping and record keeping
  3. Marketing/sales: who is responsible for marketing and selling the finished product

The key here is to spell out every single detail. Include everything. I have never heard partners complain about too much communication in a partnership.

6. Allocations

You might have covered this in another section, but make sure you include the percentage of profits each partner will receive after all liabilities and holding costs, etc. are taken care of. I have seen many joint ventures be 50/50, but sometimes they are 40/60 or 30/70. It completely depends on the value the partners are bringing to the table.

7. Termination

Remember, joint ventures are not meant to be long-term agreements. They are designed to be short-term with a very specific, defined purpose. There is a clear beginning and ending to all joint ventures. These types of details should be spelled out as well in the agreement.

8. Rights and Duties of Parties Included in Joint Venture

This is mostly legalese but helpful to include to protect all parties involved.

9. Payment of Expenses

You need to specify in this section who will be handling funds, who is in charge of the banking relationship (if there is one), who will be paying the contractors and service providers, etc. This should have been covered above in the responsibility section, but if you have not specified how much equity each partner will be putting in, this is another place to add this. Additionally, you should specify in which partner’s business checking account the funds will reside. Money allocation and disbursement is one of the most important areas to cover in these joint venture agreements!

10. Insurance

This is an extremely important section. Many times, joint ventures are not newly formed business entities. Therefore, you should be clear on how this project will be protected with insurance and which type of insurances are important to purchase and maintain during the project. In this section, you need to specify who is purchasing and maintaining the various insurances (worker’s compensation, builder’s risk insurance, property insurance, etc.). Again, I am NOT an insurance agent by any means; however, I know the importance of properly protecting the building and all the contractors that will be working in the building.

In summary, I don’t know many real estate investors that have not at some point entered into a joint venture relationship. Therefore, you want to set yourself up for success from the beginning. Even if you are entering the joint venture with a family member or a good friend, you MUST put an agreement in place so the roles, responsibilities, percentage of profit, and money allocations are specified and clear from the very beginning.

For those who have entered joint ventures, please share your experiences. Are there any other areas that I am missing that are essential to include in an agreement?

Best time to invest in Canadian real estate

Best time to invest in Canadian real estate

Canadian professional real estate investors learn during the apprenticeship some hardcore facts about Canadian real estate investments. Buying and selling requires some insight to be profitable. Since spring and summer months are notoriously the best time to sell real estate in Canada, fall and winter may be the ideal months to buy real estate.

1. Fewer buyers are in the market – less competition1

Competition for houses drops off in the fall in Canada, a time when most people consider it to be off-season in real estate. But there are still homes for sale – and in some cases, there’s just as much inventory as there was during the spring and summer. Fall means new inventory and repositioned old inventory that did not sell in the prime season.

This puts Canadian professional real estate investors at a great position to negotiate. Fall Canadian professional real estate investors should consider making aggressive offers, followed by more aggressive negotiation. Many panic sellers are motivated to sell before the holidays. If possible, Canadian professional real estate investors should let these sellers know that they can close before Thanksgiving or before the school winter break.

22. Greedy sellers can be tired and frustrated

Some greedy property sellers who put their homes on the market during the prime selling times of spring and summer might have been overconfident by listing their homes for more than buyers were willing to spend. After months of little or no action, these tired and frustrated property sellers are often ready to make a deal.

Canadian property owners who were unrealistic earlier in the year about price will now be more willing to reduce the price come fall. Because there are fewer buyers and because the property owners are now eager to sell, they are more inclined to take the lower offer than wait another six months for spring to come around.

3. Sellers become more serious3

Not all homes on the market in fall are summer leftovers. Some Canadian home owners need to sell in the fall because the timing is right. Maybe they were having a home built and it’s now ready. Maybe they need to move because of a job. The sellers with houses on the market in the fall tend to be serious. That means sellers could be more open to negotiating and accepting a reasonable offer.

44. Fall is a better time of year to buy Canadian real estate

Waiting until the fall (to buy) gives you an advantage when learning about a home and the neighborhood. You’ll be settled in your home and can take precautions – like setting up that new alarm system.

5. You’re the center of attention5

Because spring and summer are ideal times to buy a home, realtors are usually busier then. And that could mean you might not always get the attention you want. This is also true for other professionals you’re working with to buy a house. Service providers, such as mortgage lenders and real estate professionals, can often respond more quickly since the summertime crazy market has slowed down.

The same goes for movers. Because summer is peak moving season, Canadians often experience more delays and service issues, such as moving companies reaching capacity and running out of trucks to pick up shipments. The probability of experiencing a delay goes way down in the fall season.

6. You can take advantage of end-of-year sales to outfit your home

More than likely you will be making improvements to your new home after your purchase. Most likely you will need to buy items to maintain your home, and if appliances did not convey with your purchase, you will need to buy those as well.

Wouldn’t it be great to coordinate your home purchase with sales on items you’ll need? September is a great time for buying carpet and paint. October means lawn mowers go on sale, and appliances and cookware are cheaper in November. November is also a great time to take advantage of retailer holiday sales items, which seem to be abundant that time of year.

The best advice is to learn from fellow Canadian real estate experts with decades of experience and proven results.

Always learn from a Canadian real estate investment expert with proven results before investing in Canadian real estate.

 

We are sincerely devoted to helping you create wealth for life with spectacular results in Canadian real estate investments.

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Tax Sale Properties Millbrook-Ontario

Tax Sale Properties Millbrook-Ontario


sale of land by public tender
The Corporation of the Township of Cavan Monaghan

take notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on November 30, 2016, at the Cavan Monaghan Municipal Office, 988 County Road 10, Millbrook Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Cavan Monaghan Municipal Office, 988 County Road 10, Millbrook.

Description of Land(s):

Roll No. 15 09 030 001 05050 0000; PIN 28032-0088(LT); Lot 4-5 Plan 46Q N Monaghan; Part Lot 3 Plan 46Q N Monaghan as in Q6418; CVN-MIL-NMO. File No. 15-01

Minimum Tender Amount:
$5,183.10

Roll No. 15 09 010 030 22002 0000; PIN 28006-0091(LT); Lot 48 RCP 107 Cavan; CVN-MIL-NMO. File No. 15-02

Minimum Tender Amount:
$7,380.35

Roll No. 15 09 010 030 23401 0000; PIN 28004-0185(LT); Part Lot 14 Concession 8 Cavan as in CMR45708; CVN-MIL-NMO. File No. 15-03

Minimum Tender Amount:
$12,080.44

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender, visit:www.cavanmonaghan.net or if no internet access available, contact:

Kimberley Pope
Director of Finance/Treasurer
The Corporation of the Township of Cavan Monaghan
988 County Road 10
Millbrook ON L0A 1G0
705-932-9322millbrook
DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
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Canadian Creative Financing Apprenticeship
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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties Essex-Ontario

Tax Sale Properties Essex-Ontario


sale of land by public tender
The Corporation of the Town of Essex

take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on Friday, November 25, 2016 at 33 Talbot Street South, Essex, Ontario N8M 1A8. The tenders will then be opened in public on the same day at Town of Essex Council Chambers.

Description of Land(s):

Plan 1242, Lot 11, Town of Essex–Cottage

103 Craig Street

Minimum Tender Amount:$9,540.44

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Donna E. Hunter
Director of Corporate Services
The Corporation of the Town of Essex
33 Talbot Street SouthessexEssex, Ontario N8M 1A8

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
Image

Canadian Creative Financing Apprenticeship
Image

Canadian Real Estate Investors Coaching & Mentoring
Image

Eyewitness Canadian Real Estate Investors Training
Image

We buy houses all CASH, Fast closing
Image

P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!