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Recent content by PLam

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    Walk Away from Purchase Agreement that expires

    My JV partner and I signed a purchase agreement with a vendor for the private sales of his house in Edmonton about 9 months ago with a small deposit of $5K. The deal is to close in about 1 month from now. The house has now dropped about 10% in value. Upon review the purchase agreement, my JV...
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    Caveat

    Does anyone have a sample copy of caveat that is registered with Alberta land title office regarding an interest in a joint venture agreement? I would like to use that as reference copy so that I could do my own caveat registration of the various properties I purchased in Edmonton. The caveat...
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    Garage rental

    In garage rental agreement, I include a clause which requires the garage tenant to contribute heating/electricity if the tenant of the house complain, the garage tenant need to reimburse the 10% of the utilities bill. Seem to work so far.
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    desperate for good property manager in Edmonton

    I fired my property manager back in Oct 2007. I now self manage 15 properties in Edmonton and I live in Vancouver. Cash flow went way up and expenses go way down. Email me at PKFLam@gmail.com and I will give me a few tips. Peter
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    FREE Webcast Teleconference

    CHMC in it latest housing forecast (Calgary Housing Outlook) attribute the recent drop in net immigration to Alberta to the negative interprovincial migration (2 consecutive quarter of -ve interprovincial migration - first time since 1994). Furthermore, this negative interprovincial migration is...
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    Is it better to have a longer amortization?

    QUOTE (RArora @ May 22 2008, 09:56 AM) Hi! We are closing end of june on a freehold townhome for $240k with 25% down. We also have a 2 yr lease signed by prospective tenants for $1500/mnth Monthly break up: Taxes $225 Insurance $50 Mortgage on 30 yr amortization at 4.25% variable 5 yr rate...
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