Welcome to the Edmonton Revenue
Property Investors Monthly Newsletter
It's
time again and the
monthly association meeting of our group has arrived. For
those of you new to this e-mailing here are the particulars.
Once
a month on the second Tuesday of each month a
like-minded group of real estate investors meet on the
second floor at Rosie’s Restaurant. Located at the corner
of 105 St. and 80 Ave. Arrivals at 6:30 and the
meeting starts at 7:00 pm. You are cordially being invited to
attend. Attendees are required to pay
$10 at the door. There is no annual membership charge yet. All
attendees and visitors are asked to buy $5 worth
of food to support the use of Rosie’s Restaurant
2nd floor meeting room, and please generously tip your
server, this helps to support our free use of the meeting
room. Please
bring a few of your used real estate or self help books that
you no longer require to donate to our library or door
prizes. If you park to the east of Rosie’s in the strip mall
parking lot, please pick up a free parking pass from the bar
to put on your windshield.
Each meeting is different as we may bring in special
guest speakers for each meeting. Each speaker is uniquely
qualified in his or her own specific field of expertise.
Even a seasoned investor will be pleasantly surprised with
the knowledge gained from attending our meetings. We
encourage all attendees to participate at the meetings by
asking our speakers your pertinent questions. We need and
appreciate your input at all meetings. Like-minded investors
can and do learn and help each other to achieve success.
We really do look forward to seeing you and please bring a friend to our
next meeting. If you have a friend that you feel would
like to be put on our e-mail list send their e-mail to me.
Our guest speakers
this month will be:
The Edmonton
Landlord and Tenant Advisory Board
Location is 8904 - 118 Ave, Edmonton,
AB. General phone number is 496-5959
Website
and
Concrete
Equities
Website
We will also be talking about the real estate market, landlording,
present housing prices and trends for Edmonton real estate, and
many more topics. If you have any real estate for rent or
for sale please make up some hand outs to give to any
attendees and be prepared to stand up and tell us about your
handouts. Please network and socialize with the other
members and guests before and after the meeting. If you want
to list your for rent or for
sale real estate online please visit Rentex
Homes and Buy
Sell Rent Ads ...register and post your properties. Please visit
our approved contractors site
Bookmark this list as it is not easy to navigate to it from our
home page. If you know good contractors email me and I will
add them to the site. I am still looking for good
south side apartment and commercial buildings, if you hear
of any please contact me ASAP!!
If you have any questions at all please e-mail me at admin@rentexhomes.com
or call me at 780-433-1481 regarding any of the above.
See you all at the next meeting,
Your cordial President, Les
Michaelson
About the
Author: Les Michaelson has been an Edmonton Real
investor since 1978. His interests are in the hands on
operation of acquiring managing and selling of revenue
properties of all types.
HIGHLIGHTS
FROM OUR LAST MEETING
Edmonton
Revenue Property Investors Association
Karen
opened the April 8, 2008 meeting at 7; 10 p.m. She
suggests you need to decide where you want to position your
self such as buy and hold; flip; or invest in commercial
properties. New to Edmonton are “The property guys” They
have free listings.
Les
explained his 4 F’s of real estate investing.
1)
Find it
2)
Fund it
3)
Fix it
4)
Flip it.
We
had new guests introduce themselves, followed by the buy/sell
opportunities for members. Les gave us the latest real estate
market update, and current rental market conditions. Les and
Karen reminded us to avoid the 14 day eviction notice. It is
much better to visit the RTDS Residential Tenancy Dispute
Services and get an earlier eviction date. The cost is $75.00.
Our
first guest speaker was Mike from DKC Sparklean. They
use the latest technology and products available to treat
flooded basements, mold, and sewer back-ups and smoke damage.
They have a very fast response time and can save time, money
and damage to floors and furniture by drying everything out
within a day or two. With their Aqua dry heat unit, even
hardwood floors return to their undamaged state most of the
time. Their dry ice blaster is also unique in removing char
and mold after a fire or mold infiltration. They can also
remove bacteria such as staphylococcus aureus, to hospital
standards.
Mike
Howes can be reached at (780) 459 4539 and they are located in
St. Albert, AB.
Les
reviewed various types of financing available.
1)
banks
2)
Line of credit
3)
Hard money lenders ( private funding) with
interest around 15 to 20 %
4)
Creative financing ( vendor take back mortgage)
using other peoples money ( OPM)
5)
cash is King
6)
No money down deal.
Using
Servus gives you money back every year, with a dividend on
your shares.
Les
likes the BOM (bank of Mom.) Pay her well and she will
continue these win-win business deals
One
final tid- bit of advice from Les. Never be more than 50%
financed over all.
Draws
completed the fun evening.
Katherine
Callfas
Letters from our Mailbag
Hi Karen/Les,
It was a pleasure to attend my first Edmonton
Property Investors Association meeting on Tuesday
evening, I really enjoyed it. I particularly like
the informal format and the sharing of information.
Here are some of the details on the Edmonton
Landlord and Tenant's
Course. Location is 8904 - 118 Ave, Edmonton,
AB. General phone number is 496-5959 or Marj Berg
496-2978. They are holding the next course in
February but do not have an exact date set yet; they
will have that firmed up next week sometime. The
cost is $100.00 and it will be held on Wednesday
mornings from 9am - 12:00pm.
Look forward our next meeting.
Annette S.
This months Real Estate News Articles
And Links
Off-duty
cop collars would-be thief
Edmonton Journal -
Edmonton,Alberta,Canada
EDMONTON - An off-duty officer got into a scuffle with
a man trying to break into a downtown apartment
building Sunday night, Edmonton police say. ...
Motel
to be converted to addictions treatment centre
Edmonton Journal -
Edmonton,Alberta,Canada
EDMONTON - A west-end motel will be converted into a
home for men recovering from addictions, with money from the Edmonton
House Trust Fund. ...
See
all stories on this topic
Political
foreclosure
Los Angeles Times -
CA,USA
Until the real estate bubble burst, he oversaw a
building boom downtown and elsewhere, casting himself as a
visionary re-creating LA as a model of "elegant ...
See
all stories on this topic
Opening
door on market
Toronto Sun - Ontario,
Canada
Pro-real estate gurus will argue there's no bubble
in today's market, where only a few speculators are trying to
get rich by flipping properties. ...
See
all stories on this topic
Haute
Homes Holding Their Higher Values
TheDay - New
London,CT,USA
But when it comes to how they're faring in this current real
estate market, the two aren't that different. ”I think
the basic principle is, ...
See
all stories on this topic
The
Value of Nontraditional Investments
Black Enterprise - New
York,NY,USA
One example is a real estate investment trust or real
estate stocks. That strategy invests in multiple real
estate properties and lends money to finance the ...
See
all stories on this topic
Buying
a house is similar to buying stock in a company
Ventura County Star -
Camarillo,CA,USA
Consequently, falling real estate prices affect
Americans more directly than do falling stock prices, although
neither should be cause for panic. ...
See
all stories on this topic
New
venue for investors
Business Line -
Chennai,India
While clarity is awaited on this front, a possible entry of
FIIs poses the risk of yet another real-estate
bubble, fears Mr Mavani.
See
all stories on this topic
Trade
Deficits: The Cause of Our Economic Troubles
HULIQ (press release) -
Hickory,NC,USA
This contributed to an economically unwarranted boom in stock
and real estate prices. The stock market bubble
burst in 1999 and the real estate bubble in ...
See
all stories on this topic
State
yanks Cedar Funding's mortgage fund permit
Monterey County Herald -
Monterey,CA,USA
"I got involved in 2006 ... before we had the real
estate bubble," he said. He said he is concerned
about the retirement money he invested with Cedar ...
See
all stories on this topic
Wave
of failed deals
Rocky Mountain News -
Denver,CO,USA
The condominium was once owned by Danny DeGrande, a former
prison guard turned real estate broker. Williams has
given up trying to reach anyone associated ...
See
all stories on this topic
Thanks for
reading our entire newsletter...see you at our next meeting!!!
Copyright
- Edmonton Revenue Property Investors Association 2008
