All Forum Posts by: Dwayne Poster

you missed the opportunity on the listing agreement. Yes, when someone catches you on it may bother you, but it was your lack, not theirs. Take it for what it is, an opportunity to learn.

 Lots of different motivators. Are you looking for an alternate career path or a supplement to drive your primary path of investment. My wife is an Interior Designer and works with people who have just bought homes. I've had a couple of leads from her over the last 25 years. Not very productive.  Another acquaintance owns an Estate Liquidation business that deals with people selling their homes. I've realized a number of deals through that connection. Someone worth partnering with. I would consider something that augments your core path. With that being said, many complimentary activities require extensive time investments and are better referred than trying to obtain. A referral network can produce well with little effort. 

mortgage assumptions were a driving force. A locked in long term assumable could be your sellers advantage in future markets. Seller financing and rent to own are other structures that can focus on cash flows, strengthened by high rates.  You in a sense become a lender, backed by the inventory you acquired during favorable economic times.

 and for me its the opposite. I have list of hungry buyers, land developers, builders, private investors, who I look to serve their needs. I wont turn away from a good deal, but that's largely defined by who's buying. last thing I need is my money tied up while I search for a buyer. 

the biggest gothca will be if its zoning and bylaw compliant.      

I have a basic rule, at anytime during a project, I can sell the property without loss, all costs in. That basically means that I seek certain inherent value on the purchase side. Yes, it's all about the price.

I did commercial electrical inspection and audits for years. Hourly rate plus travel, expenses.

Depends on boards rules, I 've seen different actions. Dual agency was common practice years ago. I dont hesitate to call the listing Realtor on any listing and if they can double end, I expect a slight price adjustment. If they are not happy with that, I'll send in my Realtor and the lister looses half comm. Last listing my Realtor had, he said he had to decide who to represent and who to turn over to another Realtor. I said whatever, as long as they follow my direction.

Have you reviewed the tax sales. I just did a smoking deal in Sherwood Park. Loyd and RedDeer are high in crime rates.  I’m holding my breath as it seem s that there is a frightening shortage of listings. Hoping once this snow storm passes that spring listings will develop.

@Tom Hutt ,you've said,  'I have also purchased properties out of foreclosure and opened a probate as you are suggesting'.

how would you structure this?