Barry C. McGuire
Tales from the TrenchesEpisodes
Episodes of Tales from the Trenches
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Podcast Episode 136: “AFS Paperwork and Education.” About four months ago, I got a call from a client who wanted to sell his property by way of Agreement for Sale (AFS). Unfortunately, he had only a skimpy notion of the AFS concept and no actua
Podcast Episode 135: “Win-Win Real Estate Investing.” Here’s another success story from the lucrative Creative Real Estate Investing space. For would-be Canadian real estate investors, two of the biggest obstacles are building up cash for a dep
Podcast Episode 134: “Wholesale Home Run!” For a change of pace, here is a positive Tale about a massive success in Canadian real estate investing. Longtime readers/listeners know that my Tales from the Trenches series is mostly about how buyer
Podcast Episode 133: “Foreclosure Timing Traps.” When searching for the ideal piece of real estate to buy, properties in foreclosure can be an interesting place to look. Are you an investor looking for a new rental property? Or maybe you’re a b
Podcast Episode 132: “(Un)attached Goods, Defects, and Stigmas.” Negotiating an Offer to Purchase for a piece of real estate is about more than just the price. In this blog post, I’ll start by looking at two key points that must be worked out b
Podcast Episode 131: “Renovation Heartbreak.” Dishonest, fly-by-night, or even inexperienced renovators can leave a trail of heartbreak. Buyers happily move into their newly-purchased, freshly-renovated home, but problems often don’t show up ti
Podcast Episode 130: “Third Flood.” Recently, some Alberta homeowners finally ran out of patience when their property was flooded—again. They lived on the lower end of a sloped street, and water flowed down the block from the higher end when it
Podcast Episode 129: “Home-buyer’s Dilemma.” Seems like I’m always finding examples to write about regarding real property reports (RPR) and how they fit into a real estate transaction in Alberta. Land surveys, as RPRs are also known, should be
Podcast Episode 128: “Secondary Suite Grudge Match.” Would-be Calgary Landlord Builds Legally-Approved Secondary Suite but Gets Stifled by Restrictive Covenant on Title for Neighbourhood’s Single-Family Dwellings. And now for the main event! Th
Podcast Episode 127: “3×3 Permits.” This is the third Tale in my recent mini-series on Real Property Reports (RPR), municipal compliance, and building/development permits. Our first two Tales dealt with the maze of bureaucracy that surrounds pe
Podcast Episode 126: “Trapped in a Permit Maze.” This Tale from the Trenches is the second in our ongoing mini-series on permits for real estate. You know, those sometimes-nasty bits of paper that towns, cities, counties, and other municipaliti
Podcast Episode 125: “Hot Tub Trials and Tribulations.” This episode of Tales from the Trenches is shocking! A client had retained my legal services to help with purchasing her dream home in Edmonton, Alberta. The seller provided a brand-new re
Podcast Episode 124: “Non-Resident Taxes Part II.” Like all things tax related, non-resident tax is complicated when it comes to buying and selling real estate in Canada. In February, 2016, I posted a lengthy blog on non-resident tax and how it
Podcast Episode 123: “Creative Real Estate Investors Panel.” Special one-hour dive into the trenches of Creative Real Estate in Canada… and Africa! Barry has gathered a panel of experts, veritable rock stars of Creative Strategies, to share the
Podcast Episode 122: “Water Is Coming”: Climate Change Preparedness for Homeowners and Real Estate Investors. Damaging floods are on the rise, whether as sewer backups, swollen rivers and lakes, rising ocean levels, or overland flooding. As a r
Podcast Episode 121: “Subdivision Nightmare.” Across Canada, there is an ongoing discussion about the lack of affordable housing. In some areas, developers won’t build rentals because building condos is more lucrative, because there are rent co
Podcast Episode 120: “Property Management Nightmare.” I got an email recently from an unhappy investor about problems with his property manager in Edmonton. Real estate investing is all about relationships, and you need to be able to rely on th
Podcast Episode 119: “A Deal That Went Bad and the Lessons Learned.” This edition of the Tales from the Trenches podcast features special guest Arden Dalik, a senior advisor in the Calgary office of Global Governance Advisors. Her Tale concerns
Podcast Episode 118: “Big Changes To The Standard AREA Contract.” September 2016 (with mild tweaks in July of 2017) brought numerous and meaningful changes to the existing 2014 residential purchase documentation approved by the Alberta Real Est
Podcast Episode 117. Real estate can cause all kinds of problems when a family member passes away. This Tale is about what happened when someone inherited a piece of property and almost went into foreclosure with it.
Podcast Episode 116. In August 2017, a buyer walked away from a real estate deal in BC and was sued by the seller when the house later sold for 28% less. Not only did the buyer lose his deposit, he was also on the hook for the difference in the
Podcast Episode 115. In a hot real estate market, flipping properties by assigning your interest in the purchase can be lucrative. Just make sure to do it legally because the CRA is cracking down on so-called "shadow flipping" and undeclared in
Podcast Episode 114. When real estate deals with friends and family go bad, you almost never recover your position. Because, what are you going to do, sue your friend or your brother? It’s often very easy to get into deals with friends and fami
Podcast Episode 113. "Flipping" is when an investor gets control of a property by signing a purchase contract, but rapidly sells it to someone else for a profit. It is risky business, which a client of mine discovered the hard way...
Podcast Episode 112. Insurance adjusters are hired by insurance companies to make sure that any claim is covered by the claimant’s insurance policy. The reality is that the most successful insurance adjusters are those who produce the best resu
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