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Recent content by Luxmal

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    How much should I pay to the agent?

    The market was hot years ago and slow down a little right now. But I lowed the asking 5-10% lower than current market price, try to make quick sales. How about this commission structure? Is it reasonable? 1, sales with buyer's agent, full commission for buyer's agent, 1% for seller's agent...
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    How much should I pay to the agent?

    I am working on over 400 units (300 single, 130 townhouse) development project now, trying to figure out how much I should pay to the inside salesman and buy's agent? Anyone could give me a rough idea? Thanks in advance
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    Does anyone know a good general contractor in Saskatoon area?

    I am planing to build some single houses this year. Thanks in advance.
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    Vendor Take Back Mortage Interest Rate

    QUOTE (vermillion2010 @ Nov 13 2010, 10:17 AM) Hi, Can someone lend some assistance in providing an interset rate that would be suitable for a VTB. Scenario: I am selling vacant Land for $150K, I have an offer that includes a downpayment of $65K and a request for a VTB. What interest rate is...
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    How about self storage investment

    QUOTE (Pheenix @ Nov 12 2010, 10:28 PM) As with any RE investment the devil is in the details. The due diligence on this type of project is similar to other RE activities but you have to go a few steps further. This type of project also has to be regarded as a 'retail' operation, and not just...
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    How about self storage investment

    QUOTE (ThomasBeyer @ Nov 12 2010, 08:36 PM) considering it too ! this is a 6% CAP .. ridicolously high ! aim for a 12% CAP .. so maybe $1.2M tops ! In US, average occupied rate is around 60%. This one only 40% , got room to improve. If get 50% or 60% lease up, the return would higher than...
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    How about self storage investment

    Anyone investing or has invested in self storage units? Please give your opinion on this one: Project Description Self Storage Facility Location: small city with population around 170,000 in US Total S.F. =81,000 Total Acres=4.3 Year Build: 2005 Net Occupied Space - Today: 32,000 SF...
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    Radical changes coming for CREA

    QUOTE (TerryKruse @ Oct 29 2010, 08:35 PM) I would happily pay a buyer agent as long as the didn`t ask send me to simply pick from the mls and "we`ll go see them" - my experience as a rookie. A good buyers agent is gold and can help you to distinguish an average property from a great one... As...
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    Radical changes coming for CREA

    $109, list your house on MLS. http://www.bestvalue.biz/
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    Do I need a mortgage license?

    Yes. I would do more due diligence. Thanks for everyone`s input.
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    Land Development

    QUOTE (kastle @ Aug 29 2010, 05:27 PM) Anyone out there have any experience developing bare land? I am looking at developing a 10-15 acre site into single family residential lots in Northern Alberta and am wondering if anyone has info on rough servicing costs. Specifically I am looking for...
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    Do I need a mortgage license?

    QUOTE (wealthyboomer @ Aug 29 2010, 03:18 PM) NO. Thanks. Could I keep doing these without license?
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    Do I need a mortgage license?

    One friend want to borrow some money from me and let me register second mortgage on his two properties. Do I need a mortgage license for it?
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