Edmonton Rent-to-Own a Home Program Details

Our Edmonton Rent-to-Own a Home Program allows you to get into one of our Edmonton Rent to Own Homes even if you have bad credit or no credit. With our Edmonton Rent-to-Own a Home Program you don’t have to meet the typical qualifications required by conventional lending institutions! Our Edmonton Rent-to-Own a Home Program is specifically designed to assist Canadians experiencing difficulty in obtaining conventional financing.

With our Edmonton Rent-to-Own a Home Program, you are considered the owner the day you move in; there are no more landlords telling you what you can and cannot do. You have the right to renovate and improve your property just as any other owner.

How do I know if the Rent-to-own a Home Program is for me?

Are you having a hard time or can’t qualify for a mortgage? Good credit, bad credit, ugly credit or no credit? Are you self employed? Filed for bankruptcy, gone through a divorce, have very little down payment, just relocated from another province or country? No Problem!

If you can afford a reasonable monthly payment, you can easily qualify for one of our Rent to Own a Home Programs. With all of our Rent-to-own a Home Programs, there is No Bank Qualifying Required!

Whether you are rebuilding your existing credit or establishing new credit, we can Help! Conventional mortgages are restrictive and are only available to those who fit traditional criteria. At ioffersolutions Real Estate Services Inc., we do things differently because we truly understand that life’s circumstances should not prevent you from realizing your dream of home ownership!

What separates IOfferSolutions Real Estate Services from the Competition?

There are FOUR things that really separates ioffersolutions Real Estate Services Inc. from everyone else doing Rent to Owns.

First, we set you up for success right from the very beginning. We do this by having your application reviewed by our mortgage broker right at the very beginning of the process to determine, if you could qualify today, how much you would be able to qualify for with respect to a purchase price. Based on that information we will not put you into a home we know you can’t afford when your term comes due.

Secondly, before we even think about getting you into a home you must sit down and meet with our credit coaches at their office. They are going to review all your current information, credit report, situation etc and get a very accurate picture of where you sit today credit wise, what needs to be done to your credit so you can qualify for a home and how long it is going to take to get you there. From this information we can then set you into a program that has the appropriate amount of time for you to get qualified. We will never put you into a 1 year Rent to Own when we know it is going to take you 3 years to qualify for a mortgage.

It doesn’t stop there! It is mandatory for you to meet with the credit coaches every single month of the Rent to Own as they have laid out an action plan to assist you to getting control of your credit and financially educating you about credit and the use of credit. They ensure you are doing everything you need to be doing and holding you accountable to the plan they have set in place for you.

Thirdly, as a group, the ioffersolutions Real Estate Services Inc team, our Strategic Mortgage Broker Partners and our Strategic Credit Coaches meet every 3 months to discuss each and every one of our clients progress to ensure they are truly on the track to success.

Fourth and finally is our presence in the community. We have a very nice office located at #314, 8944 182 Street, Edmonton where we operate our business each and every day. The majority of people trying to do Rent to Owns are individual investors who may or may not have the processes and procedures in place for you to succeed. Let’s be honest here, there are many people out there trying to do Rent to Owns just to take hard working people’s money without any care if they every succeed. That isn’t what we are about. Our company is here for the long term; we have set roots in the community by investing in a long term lease of our office and treat our operation as a business. Our reputation is everything to us and we are here to truly help each and every one that has the desire to be a home owner but just not the credit to make it happen.

We are not realtors but a group of real estate investors who focus on helping people who are in trouble. It is important for us to create a win-win situation where you get into a house, rebuild your credit and have a place called HOME!

If you’re interested in learning more about our Rent-To-Own Program, please fill out the form below:

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We buy houses in Edmonton Alberta and the surrounding areas. Do you have a pressing need to sell your house fast? We buy houses in Edmonton and area fast and easy, often in as little as 7 days. When We Buy Houses in Edmonton and Area we can close quickly and most importantly, relieve your stress and help you regain peace of mind.

ioffersolutions Real Estate Services Inc. can and will buy houses that need repairs. In fact, we buy distressed houses all the time and make the repairs ourselves. We can take an old, ugly, run-down house and make it look like brand new again. Not only do we help you by buying and repairing your house, we help others by providing them with a beautiful home while helping make their neighbourhood a better place in which to live.

If you need to sell your house and it is in need of major repairs, chances are many people won’t consider buying it. Most people can’t or won’t get a loan on a house that needs fixing up before they are able to move in. Most lending institutions won’t loan money on properties that are in need of major repair since they make poor collateral.

There are many problems associated with owning a house…. We have the perfect solution….

We buy houses in any condition, price range, or area from people in situations just like yours. We can pay cash and close in as little as 48 hours with no real estate commission fees.

We have the experience to evaluate your position and can make an offer on your house quickly. We will handle your transaction professionally and help you with your difficult situation.

Here’s what we can do:

We can take over your mortgage payments and provide debt relief to you and your family
We may be able to pay cash for your home and arrange a quick closing
We can work with your lender and stop foreclosure
We offer a fresh approach that provides a solution for you to have a quick sale, and is customized to meet your financial and equity needs.

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Are you wanting to become a Real Estate Investor but lack the skills? Are you looking for some safe, sound solid investments that will maximize your investment or RRSP dollars getting you the highest levels of return while you still maintain security in the investment?

Events

Keep up to date with the latest information by attending our educational events. CLICK HERE to visit our Event Page.

Coaching and Mentoring

If you want to become a successful real estate investor and just don’t know where to get started then we have a great course designed just for you. It is all about TAKING ACTION and making things happen. So many people have taken courses on real estate investing but not had anyone take them step by step over the course of 8 weeks and actually work with them to become investors and put together deals. For more information on our 8 Week Take Action coaching program CLICK HERE.

Investment Opportunities

If you are looking for some individual investments that are very low risk and secure then CLICK HERE to check out our current Rent to Own investment opportunities.

Ioffersolutions Real Estate Services Inc. is not your typical real estate investment company that just wants you to invest your money into one of our projects. Our business is built on helping you build your own real estate investment company using our processes, procedures, staff, structure, knowledge, expertise etc, all the while we actually run your business for you. That is the REAL RICH DAD philosophy! Leverage other people’s knowledge and expertise to build your own business. Get out of the E and the S Quadrant and move right to the B and the I Quadrants utilizing our proven systems. To find out more about starting your very own ioffersolutions Rent to Own business CLICK HERE to get more information.

RRSP’s

Would you like to find out more about using your RRSP’s as mortgages on specific properties getting a guaranteed return? CLICK HERE to find out how to turn your RRSP’s into a 2nd Mortgage.

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If you are facing foreclosure the best advice we can give you is ACT NOW to STOP FORECLOSURE! Many people who want to stop foreclosure simply do not know where to turn when they are confronted with a pending foreclosure. DON’T HESITATE ANOTHER MINUTE to stop foreclosure on your home!

We specialize in helping homeowners stop foreclosure, try to help you keep your family home and help save your credit. We understand that these can be very stressful times for you and your family. You may need help in reviewing your options and determining the best course of action for your situation.

Many people facing foreclosure hope they will figure something out or a miracle will come along and all will be better. A lot of the people we help are just scared. They don’t know where to turn; they don’t know what to expect next, they don’t know what choices or options they may have to stop foreclosure. Many homeowners seek advice from their attorney. And why not, attorneys are supposed to have all the answers, right? Maybe so, maybe not!

They act on their attorney’s well intentioned advice and file bankruptcy, thinking that all their problems will be solved. However, even though bankruptcy does put a hold on everything, all it really does is buy a little more time. The end result is almost always the same… the property goes to Sheriff’s Sale and in addition to losing their home; they now have a bankruptcy and a foreclosure on their credit report. If you are facing foreclosure, this is a situation you definitely want to avoid at all costs.

Stages of Foreclosure

Click HERE.

The Foreclosure Process in Canada

Click HERE.

We Offer Many Solutions To The Homeowner!

How can we be of benefit to you?

Every situation is different and we have solutions for almost every situation. We prevent foreclosures that others view as hopeless. Your first step is to schedule your FREE, No obligation consultation. This will help us determine the best program that will meet your needs. Our first consideration is to help you save your home and/or your credit. Some examples of the programs we can offer include:

1. Short-Term Loan Provisions – KEEP YOUR HOME
2. Refinance Options – KEEP YOUR HOME
3. The Quick Sale of Your Home for less than you owe.
4. Stay in your home “For Free” until it sells.
5. Eliminate Mortgage Liabilities
6. NO FORECLOSURE NOTATION ON YOUR CREDIT REPORT!
7. AVOID THE BANK FORECLOSURE PROCEEDINGS
8. Credit Repair

We do not need to tell you that time is of the essence. The window of opportunity gets shorter each day. Call now or fill out the form below to schedule your appointment and let us shoulder the stress you are currently faced with.

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Rent to Own Edmonton

10 Secrets Every Investor Should Know

Most of the time success in business is the result of what you know. In every industry there are key elements—secrets—that if known will help to insure success but if not known, will certainly lead to failure. Real Estate investing is no different. Success begins with knowledge. What are some of the critical lessons that every real estate investor should know? Here are ten of them for starters…

The first secret is probably the most important of all the others—using other people’s knowledge. There are only two ways to gain knowledge. Either you gain it from other peoples mistakes or make the mistakes yourself. If you refuse to learn from other people’s mistakes—you are destined to learn from your own mistakes. The secret is to learn from others and avoid the pain of learning the hard way. Here is the secret—you can jump start your investing success by getting a good mentor and constantly reading and listening to CDs by successful real estate investors.

The second secret is also very important—it is the power of consistently making a lot of quality offers. In order to become a successful real estate investor, it is absolutely necessary to place many offers that, if accepted, will result in great deals. Without offers there can be no good deals and good deals are the basis of success in real estate investing. If you do not ask you will not receive.

Secrets three through seven are the skills that will have to be developed in order to run a successful real estate investing business.These skills are:

3. Finding good deals

3. Obtaining the money to purchase the good deals you find

3. Fixing up the property so that it is marketable

3. Effectively marketing the property

3. Property management

Master each of these skills and real estate investing becomes much easier but fail to develop them and you are in for a rough ride.

Secret number eight is that you must prepare quality offers that have a chance of being accepted. These offers must be high enough so that some of them will be successful. But they must be low enough so that, when one is accepted, it will result in a substantial return on your investment of time and money. This can be easily accomplished by using some of the effective software on the market today such as Turbo-Bidder or similar real estate analysis software.

The ninth real estate investing secret is that you must be able to determine the true value of property. True value is the amount that the property can be sold for in a reasonable period of time. The quickest way of determining true value is by paying a professional appraiser to work their magic. But that is not necessarily the best way. It doesn’t make sense to be paying an appraiser to look at thirty properties when you only expect to purchase one of those deals. That means that you must find an inexpensive way to determine true value. There are professional realtors who work with investors. These realtors can provide accurate comparable sales (comps) of similar properties. These comps can give you a very good idea of what a property is worth.

And finally, secret number ten is you need to have a burning desire to become successful. Your attitude and drive can make up for lots of early mistakes and pitfalls that might sink a lesser person. As Calvin Coolidge once said, “Nothing in the world can take the place of persistence“.

Rent to Own Edmonton

Learn How to Generate Cash First!

With the wealth of information available to the average cat today, it becomes increasingly difficult to determine where you should start in this business. In fact, the more you study, the more confused you can become. It has happened to me, and I’m sure it has happened to you. It’s information overload, plain and simple.

On the flip side, this is a great business. The benefits of getting your feet planted squarely on the ground will allow you to live a lifestyle others only dream of. The trick is getting started on the right path. So, what is the right path? Well, in my opinion, you should learn how to generate cash first!

Which of these is the most valuable? It really depends on where you are with your investment program, doesn’t it? If you are just starting out, there isn’t any doubt in my mind that cash is the most important. Cash gives you options. You can improve your lifestyle, build your savings, accelerate your investment program, give to your favorite charity, go on vacations, and the list goes on and on. In fact, if you have been going after cash flow for a while, a shot of cash would probably feel good right about now!

How much sense does that make? Debt is what causes people to go into bankruptcy. When your liabilities are greater than your assets, guess what? You are bankrupt! Broke! Wasted! The “nothing down” crowd has been preaching this investment strategy for years. But look at all of the bankruptcies they leave in there path. The funny thing is that once they get back on their feet, they make the same mistake again. They never figure it out.

Borrowed money is not profit. It’s a liability, plain and simple. Don’t be fooled into thinking otherwise. If you truly want to experience financial peace, work to eliminate debt in your life. Think about it for a moment. How good would it feel to be debt free? The answer is it feels real good!

There are two ways to accomplish our mission. One is the “buy low/sell high” strategy. Simply put, this is where you go out and buy a property below market and resell it at market prices. The old standby. One of these days, I’m going to have the t-shirts made that say: “When All Of The Other Investment Strategies Fail–Buy Low and Sell High!”

Buy wholesale, sell retail. It’s been going on since the beginning of time. Rehab projects fall into this scenario, don’t they? What a great way to produce a healthy cash profit while doing something worthwhile for your community. The other strategy that most people don’t even know exists, is the “buy low/sell low” strategy.

This is where you find out what other investors (or rehabbers) in your marketplace want to buy, then you go out and get it for them. The profits on these deals are not as great as the retail strategies, but they can be done very fast! For this strategy to be successful, you have to know the market and the players. This isn’t as hard as you might think. You also need to know how to locate the bargains and tie them up with a Contract to Purchase.

Once you have the property under contract, you can sell your contract to one of the players for cash, sell the property to another player at a simultaneous closing, or sell the property to a Joint Venture Partner for a small profit and stay in for a piece of the bigger profits. Once you learn how to structure your offers and contracts, you’ll understand why I refer to this process as printing money, legally! These are the skills you need to develop to be successful. Learning these skills is fundamental to your real estate success.

Rent to Own Edmonton

Seven Ways to Flip a Property

“Flipping” is the buzzword of the year in real estate – flipping books, flipping articles in the newspaper, and even flipping shows on TV! What is flipping, how does it work and how you can profit? Flipping simply means buying a property and reselling it quickly, as opposed to holding on to a property long term as a rental. Flipping comes in several varieties, most of which are legal and profitable, some of which are not.

Let’s start with the most common form – the good, old “fix ‘n flip”. This process involves buying a property that needs work, fixing it up, then selling on the “retail” market, that is, to a person who will live in the property. This method is tried and true, and works very well. You can easily make $15 – $50k on one deal, depending on your market and how good you are at finding bargains. The danger in fix and flips is either paying too much or underestimating repairs. Be very conservative in your fix-up costs and length of time it may take to resell. Also, make sure you include in your analysis the cost of paying a real estate agent to sell the property.

Rather than sell the fixed up property for all cash, sell for terms. Once you have completed the rehab, refinance the property at its new appraised value. If you did the math correctly, you should have little or no money in the deal. Sell the property on a lease with option to buy. The rent payment from your tenant/buyer should cover your mortgage payment (if not, consider an interest-only or adjustable rate loan that is fixed for 3 years). When your tenant exercises his option to purchase, you reap a larger profit, since you don’t have to pay a broker’s fee. If the tenant exercises his option after 12 months, you benefit from a lower capital gains tax rate.

Don’t like to do fix-up work? Consider selling the property “as is” as a light fixer upper. If the local real estate market is hot, you should be able to sell the property in poor condition just a little below market. This is especially the case with houses in “transitioning” neighborhoods. Make sure, of course, that you acquire the property sufficiently cheap enough that you can sell it below market quickly and still profit.

Strategy #1, the fix and flip, is very popular, which means there are a lot of investors looking for rehabs. You can buy the property cheap and sell it for just a few thousand dollars more to another investor without doing any work. You won’t make nearly as much as the rehabber, but you will realize your profit quickly.

In very hot real estate markets, prices are appreciating as much as 2% per month. If you time things right, you can put a contract on a pre-construction house or condominium, then flip it to someone else when the development is complete. If it takes 12 months for the development to be complete, and the condo price is $500,000, you could make $100,000 or more in one year! Of course, the opposite is also true – you could end up losing money if the local economy tanks and you end up with a worthless condo that you can’t sell for more than you paid. Use this approach very carefully.

The Scout is an information gatherer, so not technically a property flipper. He is the “bird dog” who finds potential deals and sells the information to other investors. Many people get started as a Scout for other investors because it does not take any cash or prior knowledge to look for distressed properties. The Scout finds a property for sale, gathers the necessary information, and then provides this information to investors for a fee. The fee will vary depending on the price of the property and the profit potential. The Scout can expect to make five hundred to one thousand dollars each time he provides information that leads to a purchase by another investor.

OK, I am not advocating this approach, because it is illegal. Illegal property-flipping schemes work as follows: unscrupulous investors buy cheap, run-down properties in mostly low-income neighborhoods. They do shoddy renovations to the properties and sell them to unsophisticated buyers at inflated prices. In most cases, the investor, appraiser and mortgage broker conspire by submitting fraudulent loan documents and a bogus appraisal. The end result is a buyer that paid too much for a house and cannot afford the loan. Since many of these loans are federally insured, the government authorities have investigated this practice and arrested many of the parties involved. As a result, the public perceives is flipping to be illegal.

The fact is, “flipping” – as I described in the beginning of this article – is not illegal. Loan fraud in the process of flipping is what is illegal, so don’t confuse the two. The other six ways to flip are very legal, very ethical and very profitable!

Rent to Own Edmonton

How to Build Your List of Buyers 

Whether you plan to rehab or wholesale, you’ll need to build a buyers list. These are the investors to whom you’ll sell properties. If you plan to wholesale, these folks can make you very rich.

If your goal is to rehab, from time-to-time you’ll come across a property you can’t do because of a lack of finances. Call the investors on your buyers list and make some quick cash selling the property to someone else.

The first step is to run an ad in the paper that says something like:

OR

Investor special
Thousands below market–Won’t last!
555-555-5555

When investors begin calling, get their information. Take their name, number, fax, and email, and put that information in a database. Then the next time you find another deal, you’ll have a list of buyers. Run your ads for sixty to ninety days. Even if you sell your property the next day, keep the ads running.

Tell the investors that the property sold; however you are working on another, and ask if you can you call them once the deal is finalized. They will always say, “yes.” Our buyers list has close to one thousand names. We have been collecting them for years.

Every time we get a deal under contract, we fax and email our list and boom–the deal is gone. It’s awesome! Remember, the faster you find a buyer, the faster you get paid.

Here are some sample questions to ask potential buyers (investors):

• What is your name?

• What is your phone number?

• Do you have a preferred area?

• Can you close with cash immediately?

• Can I call you in the future with good deals?

• What is your price range?

• What level of rehabs are you interested in? Find out if they do simple cosmetic changes like updating baths, kitchens, or changing carpet, or if they can handle major jobs such a foundation issues or fire damage.

Here is a example of an exchange with a buyer who responded to your ad:

Okay, (name), this property is located at (address). I would encourage you to go look at it right away. Based on the number of calls I have received so far, it won’t last long.

If you don’t end up with this particular piece of property, I will call you with the next one, okay?

I need your fax and email, so I can send you information on my next deal.

How many rehabs are you looking to do each year?

Are you interested in rentals?

What are your criteria for rentals?

Great! We’ll be in touch!

Building a buyers list is crucial to your success. As we said, it’s all about numbers. If you wholesale or rehab fifty properties a year and average $10,000 per deal, how much is that? We’d venture to guess it is more than most of you are making today. Is it possible in the first year? You bet it is. If you’ll use our knowledge and your motivation, the money will come.

Rent to Own Edmonton

How to Sell Your House Fast – 9 Tips to Get The Most From Your Home Sale

Now that the house hunting season is in full swing, I thought it’s a good idea to revisit these house selling tips again. Although the economy improved quite a bit since last season, the housing market still favors buyers over sellers. You’d be hard pressed to find multiple buyers bidding up a house. The fact is, sellers are still finding themselves in a competitive market and have to differentiate themselves in order to make a sale. Fortunately, there are proven techniques that you can use to help you sell your home quicker and some of these will even help you get more money for your home.

Tips To Sell Your Home In A Buyer’s Market

To make sure your home sells in a buyer’s market, there are a few things that you could do. Here are 9 home improvement techniques to help you sell your home more quickly:

1. Make sure you are selling at the right price

I know it’s very difficult to sell your home for less than what you bought it for a few years ago. It’s even harder if you’re upside down on your home loan.  But you can’t insist on unrealistic price if you want to sell your home in a down market. To find the right price, you can check other homes for sale in your area, check web sites like Zillow andHomeGain, or get an appraisal.

Although you can’t compete with banks that are selling foreclosed homes, you’ll be in a much better position to compete against other sellers who aren’t as flexible on price.

2. Remove clutter from your home

No one wants to buy a messy rat hole. So make sure your house is clean and organized. Remove as much clutter as you can, even if you have to store your stuff in storage. You can get an idea of how your home should look by browsing through magazines or even IKEA catalog. And here are some general tips to help guide you:

• Tables, desks, and countertops should be mostly clear to show as much surface space as possible.
• Remove family photos from walls, shelves, and fireplace mantle (if you have one). You want the potential buyers to picture themselves living in the house, not looking at your family history.
• Remove any unnecessary furniture and put it into storage to give your house more living space.
• Remove unnecessary electronics, extension cords, and power strips. Most buyers don’t care about your mega entertainment system. And you don’t want it to be obvious that your electrical system is old and lacking.
• Remove clothing from your closets and put it into storage to make the closets feel bigger.
• Remove all the extra clutter throughout the house to make it feel bigger and more spacious.

3. Improve your home curb appeal

First impression means a lot, and for your home the name of the game is curb appeal.  The goal here is not to spend a lot of money to improve your home, rather you’re trying to do inexpensive things (that may require some sweat equity) to improve the appearance of your home. You want your home to look better than other houses in the area and in a “move in ready” condition.

Here are a few things you could do to improve your home curb appeal:

• Trim hedges and mow your lawn.
• Clean all windows and surfaces.
• Repaint walls, doors, and trims in neutral colors.
• Replace old window blinds or drapes, and update the window treatments.
• Power wash or paint the exterior.

4. Fix problems around the house

Now go throughout the house room by room, and take notes of all the things that need fixing. Little things matter and they could turnoff your buyers.  If you noticed them, the buyer will too. Take the time to go around and fix those things one by one. Remember that fixing these small problems doesn’t have to be expensive, but it will take time and effort.

5. Learn the Art of Home Staging

• Making the home smells fresh and airy. Some will even go as far as baking cookies before a showing to give the house a pleasant aroma.
• Making sure the temperature is right. You want the potential buyer to feel comfortable.
• Making sure rooms are properly lit by adjusting the window treatments and turning on/off lights.
• Arranging pieces of furniture in an appealing manner.
• Putting vases of fresh flowers on tables, or a small fruit basket on the dinning table.
• Showcasing various fabrics, decors, and knickknacks.
• Arranging items on shelves, bookcases and fireplace mantels to draw attention to predetermined areas.

6. Leverage the power of the web to market your house

This is the Internet age and you should not let your agent limits your reach. Leverage online venues to help sell your house.  For example, put home for sale ads on Craigslist, Zillow, and HomeGain. Promote the house through your online social media networks like Facebook, Twitter, and LinkedIn. You can also send out a copy of your listing to people on your email list to see if they know anyone that might be looking for a house in your neighborhood.

Use every channel that you have at your disposal!

7. Get a good agent to help you sell

In general, it’s better to work with an agent than trying to sell the house on your own. It’s their full time job to find buyers and show your home. This is harder than it looks and it’s generally better to leave this to the pro. However, you have to remember you’re the boss and that we are dealing with a lot of money here. So don’t just pick any agent that comes along. Call several real estate offices and ask to talk to their top sales agents. Make sure you are comfortable working with the person and ask questions. Here are some good questions you can ask your real estate agent.

Another important thing to remember is never go into an exclusive contract with your agent. You want to be able to fire your real estate agent if he or she sucks.

Here are some thoughts on how to find a realtor to sell your house.

8. Be creative

This is a buyer’s market, but even so, a house is still very expensive for most people. If you have a buyer that needs help to close the deal, consider offering some sort of incentives to make the deal happens. For example, you can offer to cover some parts of the closing costs. This works especially well with first time home buyers.

Be creative!

9. Don’t be there

When you are having an open house, leave the house. It’s uncomfortable for you to have strangers in your home, and likewise, it’s uncomfortable to be in other people’s home. So why create any more tension? Leave the house and let your real estate agent takes care of business. Let your buyers look around at their leisure without your scrutiny.

Selling your house in a down market isn’t easy, but you can do some work to make your chances better.  In the end your house will show better, and you’ll be able to sell your house that much quicker.