I have developed vacant land in the past and present and here is a list of things that are required: (off the top of my head) $$$$$$.... lots of $$$$$$. Land development is very difficult to obtain financing so usually it requires lots of cash on hand. You need to retain a Civil Engineer...

Waterloo plans to be first to introduce rental licences WATERLOO ` Waterloo proposes to become the first local city to regulate landlords who rent houses, charging them $1.2 million a year for rental licences. Critics see it as a costly red-tape headache that will dissuade people from...

My "beef" is not with the agents that bought the property.... but it is with the agent who`s sold sign that appeared on the property after the sale occured. Is it not their job to look after their client’s best interest? Not approaching a neighbouring property to see if there is any interest...

It`s happened again... I own a vacant parcel of land and the property directly adjacent to me recently sold. Another "backroom deal" that ended up in the hands of a couple of Real Estate Agents!?! Same scenario... A little old lady lived there and somehow these agents or her listing agent...

Is this ethical? I know an agent who purchased a house from an elderly couple for a excellent price. He is now "flipping" the property for a considerable amount of money having done nothing to the property. The land the house sits on is worth more than what the old house is when divided into two...

Hi All, Propertyguys.com (Ontario) is apperently now offering a flat rate fee for exposure on MLS.ca for $299! I have a property on their website (propertyguys.com) and they just contacted me to see if I was interested in listing my property on MLS.ca. Ken

What is the easiest way to demolish a house? Burn it down! We donated a house slated for demolition to the local Fire Department. Turned out to be a "win win" situation for everyone: -Fantastic real life training for the Firemen -University of Waterloo and the Ministry of Environment...

In Ontario there are two "New Home Rebates" available: (Not sure about BC) The GST Rebate is still available and is 36% of the 5% GST up to a $350K Home Purchase Price. There is a new HST Rebate available now and it is 75% of the 8% up to a $400K Home Purchase Price (up to a max rebate of...

Sorry.... I`m not familiar with this sort of lending arrangement so I can`t comment on the return. QUOTE (llee @ Feb 1 2010, 02:02 PM) Wow - thanks Ken for the list. Is 25% a typical return for such lending?

I`d ask and/or confirm the following: Is the property currently zoned for what they are proposing? Are services available: sewer, water, storm, gas, hydro, tel, cable, etc... Who is responsible for servicing? Costs of servicing? How deep are the services... i.e the deeper the more expensive...

There is no problem technically.... I just want to reduce my purchase price in light of the new info I have. I want to make sure I have leverage to go back to the seller and re-negotiate the purchase price. My Lawyer said I can`t re-negotiate an environmental issue now that I`ve waived that...

The plan is to subdivide and build 15-20 single-family homes OR 50-70 Condo Townhomes. Yes, I have investigated all the costs associated with the development. I did my calc`s based on the lowest possible yield (i.e. 15 single family homes) and have very current servicing pricing from our...

FYI: By... environmental I mean environmentally sensitive wetlands... not the toxic kind. QUOTE (ThomasBeyer @ Jan 30 2010, 01:59 PM) just talk to seller / realtor. Tell him it can`t be waived. Usually financing is contingent upon environmental issues being clean. Tell him the financing...

I don`t want to walk from the deal. I would like to re-negotiate the purchase price somehow. Keep in mind it is an enviromental issue that affects the property and I have waived the enviromental condition already.

Can I "Walk"? What if I can technically fulfill my remaining conditions? i.e. Financing, Sale of my Investment Properties and the Severance. Could they not hold me to my original offer and say "tough luck you waived your due diligence already this new information is your problem not...