Selling air rights Alberta

At a Real Estate course in Calgary a few weeks ago, someone asked “what’s the most interesting thing you’ve ever sold”. One guy said he sold air; as in air rights. There was a church in Calgary that was never going to build upwards and they needed money, so they actually sold the rights to the air above their building to the people who own the land next-door thereby being sure that it would never abstract their view.
I watched a show where someone did a similar thing with some land in LA. I’m always on the lookout for that “new thing” that no one else is thinking about.
That would be so cool to have a whole brokerage that just sold air!
#TeamKander
#ThinkOutsideTheBox
#YouSoldWhat?
#AirRights

What's it going to be like to live here?

We have a condo on Airbnb in Kauai. It’s right on the ocean with a spectacular 280° ocean view that is jaw-dropping!
One of our renters called me and was complaining about one cracked tile and the toilet seat that was loose. As she was ranting at how awful this was, I thought, “wow it’s kind of like the old adage ‘can’t see the forest for the trees’ “. She couldn’t appreciate the amazing ocean view (in fact she hadn’t even opened the curtains to look at it!) because she was focused on tiny little imperfections.
So, when you’re looking at homes, try to look past small things that are wrong and look at the big picture, the big view, the future view; what’s it going to be like to live here? What’s the neighborhood like? Is it a good area? Will it suit my family? Etc.
Don’t focus on the negatives; always look for the positives.
Put on your rose-colored glasses and see how it looks through those.
#TeamKander
#LookAtThePositives
#CatchTheVision

Red Deer's secret to save money for a down payment

“I don’t have the money for a down payment” is a very common response I hear.
My friend tells me, “people always have money for the things that they really want“.

What would you be willing to give up to save money?
Here are a few ideas:
1. Save 10% of each pay check. Have it go into a separate account automatically each month & you won’t even miss it.
If you earn $50,000 in 1 year you would have 5000
2. Nix fancy coffee $4 x 4/week 832
3. Concert tickets/pass. $100 x 5 500
4. Fast from fast food $20 x 2/week 2080
5. Drive an affordable car. Save 550/month 6600 (Many people pay 800-900/mo but you can lease or buy an affordable car for $300/month or less)

SAVINGS TOTAL 15,012

That’s your 5% down on the average home for sale and it only took one year!
In one year you will be one year older whether you do this or not so just do it!!Save the money, choose to change a few little things and you can buy yourself a home!
#TeamKander
#EasierThanYouImagined
#XLatteLife
#DreamIntoReality
#SmallChanges

What are closing costs in Red Deer?

What are closing costs?
1. Land transfer tax. The government may charge land transfer tax when you buy a property. The tax is based on the home’s purchase price. Most provinces charge provincial land transfer tax, but some cities charge their own municipal land transfer tax as well. Taxes vary by province and first-time home buyers may sometimes receive a rebate for part of the cost.
2. GST or HST. GST is a federal “value added tax”. Usually, real property in Canada is taxable, including newly constructed or substantially renovated residential homes. Used residential homes aren’t subject to GST. HST on Real Property applies in provinces that are harmonized with the GST. If you pay GST and HST on newly constructed or substantially renovated residential homes, you may qualify for a “new housing rebate”.
3. Property taxes, utilities and condo fees. The seller may have prepaid property taxes, utility bills, or condo fees before you take ownership of the property. You reimburse the seller for the prorated portion of the costs from the closing date forward.
#TeamKander
#RealEstateTerms
#ClosingCosts

For more real estate investment education like this, please follow us at
Bryce/Penny Kander
Realty Executives Alberta Elite
https://www.facebook.com/teamkander/

403-896-9592

Red Deer's Vacation / Secondary Home Program

The Vacation / Secondary Home Program allows borrowers to purchase a second home with an affordable monthly payment with 5% down payment. For more information on Genworth's program, follow this link! http://bit.ly/secondaryhomefor5

🤔 Did you know you can also buy a second home for 5% down if you move into it? Turn your first home into a rental and now you've got 2 mortgages being paid down, 2 homes going up in value and the 1st home will cash flow!

💡Did you know you can do this up to 5 times?

Let's do coffee? 🤑

R.I.P Real estate Investment Plan

The other day some friends were pondering the question, “are you afraid of dying”. Someone responded, ”I don’t think I’d be so much afraid of dying as being afraid that I had not lived.”
I know this is probably not a new thought but it got me thinking about all the things that we wish that we had done. The length of our lives is not guaranteed so we should do the things that we are interested in. If you’ve always wanted to buy a house and flip it you should do that, if you want to live in a different home you should do that, if you want to invest for your future and your family’s future you should do that.
Don’t reach the end of your life wishing that you had done more; wishing that you had risked a little bit more to get somewhere in life.
Don’t wait and then wish that you had traveled but now you’re too old or too sick to even get travel insurance.
If we can help you achieve anything on your wish list, give us a call, we would love to help you out.
#TeamKander
#InvestNow
#Travelnow
#LiveLife

#Jesus

Rerent my lease to make cashflow

The price of rent is very affordable right now. I was thinking that a long-term idea for making money would be to rent properties with a 5 to 10 year lease in place and then you could sublet them (with the owners permission of course) and once rents were back up you could take the extra income as cash flow.
So there’s no money out of your pocket for initial investment other than a damage deposit. Just a creative idea that may work for cash flow.
Some people are also doing this and switching the rental property into an Airbnb (with full disclosure to the landlord) and making huge cash flow. Again they don’t have to buy a house but they can create wealth/cash flow almost immediately.
#TeamKander
#GreatIdea
#CashFlow
#CreateWealth

Where did condo fees come from?

Most people think that condo fees are a relatively new idea. I thought so as well, but I just finished taking a Commercial Real Estate course in Calgary and the instructor said that the Greeks actually invented condo fees as early as the 1300’s. They lived communally and shared the expenses of common areas, water systems, etc.
I guess the system must’ve worked well because it’s been in practice for hundreds and hundreds of years. It’s really nice to share the big expenses with your neighbours.
Condo fees can be a great idea. Might be time to check one out!
#TeamKander
#WeHaveCondos
#ItsAGreekIdea
#ShareTheCost
#CondoFees

How Realtors get paid

People often wonder how realtors get paid. Not everyone understands how this works. One couple who looked at houses with Bryce thought that he got paid per hour by the company to show houses so they could just go buy from anybody and he would still get paid an hourly wage. Not so.
In real estate, if a realtor shows you houses, writes offers, or helps find your mortgage financing, and then you end up purchasing the house from another realtor... that’s like going to work for a month at your job and then having your employer give your paycheque to someone else.
The best thing to do is find a knowledgeable realtor who you trust and who you’d like to work with and stick with them. Realtors get paid on a commission basis. They don’t make money any other way. So when you buy a house through them and take possession; that’s when they get paid.
#TeamKander
#FaithfulBuyers
#CommissionSales
#WorkingHard
#HappyClients

Sold in Rimbey

I had a client phone looking for a home but there wasn’t one for sale that she liked. During our conversation she told me about a new one “down the street” that might be for sale so I went and I looked in the window and saw a sign. Long story short, I didn’t end up selling that house but I ended up selling her the house that belonged to the lady whose number was on the sign.
If you’re looking for a house and it isn’t out there right now just give us a call and we will find it! We are always willing to work hard for you to make the impossible happen!!
#TeamKander
#MakingTheImpossiblePossible
#WorkingHardForYou
#ThinkingOutsideTheBox

Goat storage

That’s NOT a typo!
You never know what unique things people need in a home. I know an awesome lady who is a veterinarian. Some baby goats had frozen their feet so she took them home and she actually made a place for them under her stairs where they could be warm and heal so they didn’t have to be put down.
It’s always interesting to see what things people need in a home, whether it be goat storage, doggy baths, cat runs, craft rooms, or room for more children.
What unique things do you need in a home?
#TeamKander
#GoatsNotCoats
#UniqueNeeds
#TailorMadeHome

If you could buy this home, would you?

We posted a poll asking how many people would buy houses if they didn’t have to qualify. Most people said they would buy two or more (or 10, or all of them). The interesting thing is that, historically, there have been times when you didn’t have to qualify for a mortgage and people took it for granted and didn’t buy anything. There was one point in the early 80s where you could literally buy 10 houses in a day for a dollar down payment each and assume the mortgage with no qualification. Yet people were afraid and didn’t buy them. I bet they wish they had! We need to take advantage of any ways that we can access to purchase homes. As we can see presently, it’s getting more difficult every year. As the government changes the rules and binds our hands, we are unable to purchase as much real estate as we would like to own. Right now, there are rent-to-owns available which are like assuming a mortgage without qualifying and some sellers will hold the mortgage for a considerable time so that’s like buying a house without qualifying!
If you’re interested in purchasing real estate give us a call and we will do our best to help you out.
#TeamKander
#CreativeRealtors
#InvestNow
#NoTimeLikeThePresent