Edmonton: the Oil Capital of Canada

 OCTOBER 2007

 

Top Investments
1 Condos
2 Townhouses
3 Houses
4 Apartment Buildings
Suggest a guest speaker for our next meeting
Help us to provide excellent information at our monthly meetings by suggesting a guest speaker. Please include phone numbers and addresses.
 Real Estate Forum
  Discuss Real Estate issues with other local Real Estate Investors. Post your questions and help other investors!
 Real Estate Blog
Your presidents personal web log...lets hear your comments!
Approved Edmonton Contractors and Services
Lets help each other by submitting our good contractors and service companies so we know who to use when we have a need!
Real Estate Websites
Some of the webs best real estate websites.
Creative Real Estate
Real Estate Investing Information at
the #1 Real Estate Investment Site.
Real Estate ABC
Real Estate ABCs consumer tips, hints, and resources for home buyers, sellers, and mortgage borrowers.
Alberta Government Services
Security Deposit Interest Rates for Alberta. Landlord and Tenant Advisory Boards. Residential Tenancies Act and Regulations.
Canadian Real Estate Directory
Find Canadian Real Estate sites here!
Real Estate Investment Portal
Politically Incorrect "Kick Butt-Take Names" real estate investing website
ComFree For Sale By Owner
The ads with the most page views have been on the site the longest and the vendors are starting to get motivated!
Canada's Criminal Code
Politicians apparently don't read this. The next time you get ripped off tell the cop what section he should be enforcing!
Edmonton Apartment Association
The name says it all!!
Edmonton Investors News Groups
Read and post investor info.
Edmonton Real Estate Board
This is where Edmonton's Realtors get there licenses and more! Good site for sales data.
Results Quick
Richard Roop's Real Estate site.
 
 
 
 
 
 

Google

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.  


AT THE BOTTOM OF THIS MONTHS NEWSLETTER THE VIDEOS WILL PUT A CHILL DOWN YOUR SPINE


Our 3 guest speakers this month will be: 

David and Sherry

HOME RE-USE-ABLES EXPERIENCED BUILDING PRODUCTS

David and Sherry have been involved in the demolition and recovery of valuable building materials for many years. Their clean spacious warehouse is full of all kinds of recycled building materials. Please give them a call as their stock is always changing and inventories are always increasing.

780-428-1082   8832-62 AVE

info@homereuse.com


Tom Schultz

EDMONTON EXTERMINATORS

 Tom Schultz has been involved with the Pest Control Industry for 30 years. I as co-owner of Edmonton Exterminators, which is a family run business. They deal with a variety of pest problems including insects, rodents, birds, etc. He is also on the executive committee for the Pest Management Association of Alberta (PMAA), as well as the pest management re-certification committee which provides ongoing education seminars to pest control technicians. Through the years he's personally dealt with problems ranging from small bachelor apartments to entire towns. he has also helped to personally educate many of the current technicians working in and around the Edmonton area. He has always enjoyed sharing his knowledge with anyone even remotely interested in pest control and in these troubling times of rodent and bedbug problems, that interest extends to virtually every apartment, house, or commercial building owner. Tom looks forward to meeting anyone attending next Tuesday’s gathering, and hopefully answering any questions you might have.

8543 Argyll Rd
Edmonton, AB  T6C 4B2

(780) 466-8535


Jeff Arthurs

Mortgages Made Easy…….. Really Easy

Jeff Arthurs has been participating in the Real Estate Industry for over ten years, and is currently a licensed Mortgage Associate with Dominion Lending Centres.  Jeff has experience in all types of mortgages, including investor mortgages for rentals or flips. Jeff recently took his Real Estate Agent course, not to become a realtor, but to increase his base of knowledge for the mortgage business.

Dominion Lending Centres is a national mortgage company originally based out of Vancouver, BC. DLC Stellar Mortgage Corp, which is the Edmonton brokerage that Jeff is affiliated with, is the top Dominion Lending Brokerage in Canada. With access to over 90 Lenders, there is a mortgage solution for everyone. For more information you can go to Jeff’s website, www.lendershopper.ca.
Mortgage Consultant/Associate
DLC Stellar Mortgage
Tel: 780.444.4000 x319
Cell: 780.915.4318
fax: 780.443.0048

jarthurs@dominionlending.ca

AS USUAL

           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

Sept 11/2007 minutes ERPIA meeting

 Les opened the meeting at 7:10 p.m. The minutes were read, and there was no treasurer’s report. New guests introduced themselves. Market prices are level or down. There was a meltdown in stocks and opec has increased oil production. At $78.00 a barrel it is the highest ever.

Homes: We have overbuilt and now have close to 15,000 units on the market. Les reviewed the current local trends, such as secondary suites, and possible rent controls. (Not good news for landlords.)

 Open Forum: Members each told about their best deal ever.

Les reviewed the 10% rule i.e. if you pay $100,000 for a unit the proper rent should be $1000.00 per month. Since we can no longer get enough rent to cover our costs, we should stay away from purchasing rental homes unless you can find ones that positive cashflow. 

If you are renting out a home, be very choosy on the tenants you interview, by pre qualifying them on the telephone. If you need, you can ask for a parent to co-sign the lease.

When you are asked for a reference on a present or previous tenant, only give information if the tenant has signed a disclaimer to give third party information. (Privacy Act.)

Les believes that we should consider commercial properties for our future purchases. After Buy/Sell, our meeting adjourned.


This months Real Estate News Articles And Links

City council's top tax-hikers revealed
Edmonton Sun - Alberta, Canada
That's according to the Canadian Taxpayers Federation (CTF), which has ranked Edmonton's civic politicians based on their tendency to vote in favour of tax ...

Demolition halted after complaints
Edmonton Journal - Edmonton,Alberta,Canada
EDMONTON - Demolition of the former Heritage Mall has been halted due to complaints from residents of a nearby apartment tower about the noise and dust. ...

Housing market continues to cool
Edmonton Sun - Alberta, Canada
Considering Alberta's oil resources are in no danger of drying up and that people continue to move to the city, Myers said "Alberta's real estate market ...

Affordable homes a hot topic in St. Albert
Edmonton Journal - Edmonton,Alberta,Canada
EDMONTON - With many seniors living in poverty and few places for couch-surfing teens to call home, affordable housing has become a hot topic for St. Albert ...

No big announcements from Stelmach
Fort McMurray Today - Fort McMurray,Alberta,Canada
Commenting on $17 million earmarked for affordable housing in Fort McMurray, the largest amount next to Calgary and Edmonton, plus funds from the Radke ...

Unwavering demand supports rising Canadian house prices in third ...
Canada NewsWire (press release) - Canada
Vancouver, Calgary, Edmonton, Regina and Toronto also experienced double-digit average price gains. Added Soper: "Despite the rising house prices across the ...

Canadian home prices deviating from long-term trends, says ...
Canada NewsWire (press release) - Canada
"Unemployment is low, immigration is high and apartment vacancy rates are tight. There is little evidence of overbuilding or speculative buying. ...

Real Estate Bubble


Half a million dollars for this???


Toronto Tax Grab


Tenant Horror Story


Foreclosure Scam


Foreclosure Scam part 2


Big Time Scam


Las Vegas Foreclosures


A&E Flip My Foreclosure Scam Reality TV LOL


A&E Flip My Foreclosure Scam Part 2


Purchase and Lease Back Dangers


Real Estate Never Goes Down


Cause of the Bubble


Thanks for reading our entire newsletter...see you at our next meeting!!!

Copyright -  Edmonton Revenue Property Investors Association 2007
Google

frontpage hit counter

Sponsored Links
Rentex Homes Advertise your Rentals or For Sale Properties with Photo Ads
Buy Sell Rent Ads Worldwide Advertise Anything of value with Photo Ads
Real Estate Pays Real Estate Courses and Forums
City of Edmonton Maps Check Property taxes and zoning
CMHC Reports Vacancy, building & various Real Estate info
RTDRS Alberta Government Residential Tenancy Dispute Resolution Services
 Advertise here Email for rates