$10k down? Just buy it!

One of the things I've always said to my kids is "if you can find a house for $10,000 down, just buy it".
I had a client wishing to sell and that was all the equity he had in the house so I told Bryce and Cole that they should buy the house and take over the mortgage.
It was a rent to own which I can explain to you if you're interested but basically they put down $10,000, assumed the sellers payments, rented it out, and made cash flow.

The funny part of this was that neither of the boys actually saw the house. They both just took my word for it and they got a great house with great terms at a great price!

Now, you should probably find a house that actually breaks even. That's the best way to do it but I would probably still buy a house with $10,000 down even if I had to subsidize it a bit because every month on that mortgage you're probably paying down $600 a month off in principle.
All you need is a $10,000 line of credit even if you don't have the cash.
Keep your eyes open for an opportunity and be prepared to shop!

#investing
#thinkingoutsidethebox

Do you like information like this? Follow us on Facebook!

Penny/Bryce Kander

Realty Executives Alberta Elite

403-896-7331

https://www.facebook.com/teamkander/

"It's too late to buy a house. I've missed my opportunity."

I hear this a lot from people but is it really true???
Years ago, I bought a piece of lakefront property at Sylvan lake for $169,000. I believe I borrowed the money at 14.5 %. That seems like an outrageous interest rate but at that time it was cheap because interest rates were as high as 22%!!

Now, that same property can be purchased for around
$1 million but you can borrow $1 million at 2.3%. It does cost more per month but it's not five times more because the interest rates are so cheap right now.
So...don't ever think that you've missed the boat. It's never too late.
There's always another boat. Grab an oar and let's get going!
#GeneralRealEstate
#StartToday
#NeverTooLate

Do you like information like this? Follow us on Facebook!

Penny/Bryce Kander

Realty Executives Alberta Elite

403-896-7331

https://www.facebook.com/teamkander/

Buy, Flip, with only a little $!

The other day, after one of my Real Estate coaching sessions with a young investor, I was thinking ...

I could probably make more money buying properties, if I had the owner carry the financing while I fix them up and flip them, than I could selling houses.
All you need is a little bit of cash and some chutzpa.

It gives sellers who are in a tough position the opportunity to sell their properties. All they have to do is carry the financing for a short amount of time so you can fix them up and flip them and sell them and make a profit. It's a win-win!
No full-time job needed!!

This makes it sound simple but it will only work if you have an agent who knows how to present the opportunity properly to the seller and also help you find a house that will actually work.
Send us a message or give us a call and we would love to help you get started.
#thatsus
#realestateinvesting


Do you like information like this? Follow us on Facebook!

Penny/Bryce Kander

Realty Executives Alberta Elite

403-896-7331

https://www.facebook.com/teamkander/

DON'T LET PEOPLE KILL YOUR DREAMS!

Don't let other people's fears keep you from achieving your goals.

Your dreams are personal to you. We often ask those close to us to weigh in on or get on board with our dreams but that rarely works. They can give opinions and counsel based on their experience or areas of expertise but we can't expect them to step inside of our dreams.

You need to see a clear picture of the desired outcome and then step forward confidently. When others give you counsel, consider it and then move forward either on a corrected course or stay the course in spite of it. Realize that pursuing your dream will come with obstacles and trials at times. That's why your dream must be worth it!

It isn't fair to ask others for permission or have them make decisions regarding your dreams. Put in that position they will generally say no to pursuing it as they don't want to be held responsible or be blamed if you experience setbacks or challenges following your dream.

So be brave! Follow your dreams! Don't let anything or anyone keep you from achieving a dream that is important to you!

If there's any way that we can help you achieve those dreams give us a call. We love seeing people's dreams come true.

Do you like information like this? Follow us on Facebook!

Penny/Bryce Kander

Realty Executives Red Deer

403-896-7331

https://www.facebook.com/teamkander/

When I started my real estate career in 1979 I worked for a man named Glenn Buchwald. He always talked about how when changes occur in the economy (like interest rate increases or new mortgage rules) realtors freak out and think no one is ever going to buy anything and they are going to starve to death! In other words, "the sky is falling, the sky is falling"!

He said that back in the day when people didn't have a lot of money, realtors actually took chickens on trade to barter for real estate services. That's one of my favourite sayings to this day, "I'll even take chickens on trade".
He said that one time when interest rates went up a whole percent (to 6%) a realtor walked in to his office and slapped down his keys and said "I quit! People will never buy houses at these interest rates."

In the 80's, interest rates went from there to 12.5% and stayed there for a very long time. They went as high as 22% and people kept buying houses! Sometimes you just have to relax and go with the flow. The only thing constant in life is change. Hang in there… The sky is not falling! #HTBAR

Do you like information like this? Follow us on Facebook!

Penny/Bryce Kander

Realty Executives Red Deer

403-896-7331

https://www.facebook.com/teamkander/

Crazy ideas that worked. (sold trees for Down payment)

Years ago I had a client who had always wanted to own a quarter section. He wanted it in a quiet, secluded, location with lots of trees and a big shop. One day we found the perfect place for him but there was one small problem...they didn't have enough money for the down payment. I looked around and saw that on this quarter section probably 120 of the 160 acres was tall spruce trees. I thought, "you could hire the guy with the mules and they could do selective logging of the trees".
The trees were worth about $1000 each and he needed $40,000 for the down payment. We had the owner carry financing for a few weeks while we had the trees logged and got enough money for the down payment. They actually used the property to buy the property and ended up with their dream! Sometimes you have to get really creative in this business.

You know the saying, "You can't see the forest for the trees"?
Well, that day I was fortunate enough to see the forest and the trees.

Do you like information like this? Follow us on Facebook!

Penny/Bryce Kander

Realty Executives Red Deer

403-896-7331

https://www.facebook.com/teamkander/

The 5 foot rule!

The Five Foot Rule...

One day when I was out with my son we got into an elevator. Mere seconds passed before I started chatting with the strangers inside. When they got out of the elevator my boy looked up at me and said, "Mommy, do you have to talk to everybody?!"
I thought for a minute and then I said, "You know honey, I do."

I call it the 5-foot rule. Anyone who gets within 5 feet of me has to talk to me. Whether it's in a restaurant, standing in line at the grocery store, in the pool, or on the airplane, it makes no difference to me. I truly like talking to people but it's also a key to success in real estate and in life.

When I was in grade 12 they had a career seminar at our school and the President of the real estate board was there.
My question for him was "how do you be a realtor and how do you get business?"
He said, "just ask everyone you know and everybody you meet if they want to buy or sell a house". So that's literally what I did! When I started out, I would go shopping and I would hand out my card to the teller, to the guy at the gas station, to everybody that I met.
Over here in Hawaii I strike up conversations continuously and I make new friends or I find people that want to buy real estate here and I refer them to other realtors. I can make money just by visiting with people! So stretch yourself this week and talk to some people that get within 5 feet of you. You never know who you might meet. You might find your new spouse, your new employee/employer, or just a new friend.
Have some fun with the
5-foot rule and I'd love to hear stories back of who you meet!

Do you like information like this? Follow us on Facebook!

Penny/Bryce Kander

Realty Executives Red Deer

403-896-7331

https://www.facebook.com/teamkander/