Podcasts Barry Mcguire: Real Estate Lawyer, Edmonton

Podcast Episode 34: “Lenders Are Not Reasonable.” Three examples of how lenders can sometimes be unreasonable. Logic and a good track record will not necessarily change the lender’s mind or policy. Download the audio file HERE and the text/handout HERE. (control click or right click + save as). Credit Hassles (Part 2): Lenders Are Not … Continue reading Credit Hassles (Part 2)

Podcast Episode 33: “$200 Is No Big Deal, Or Is It?” Your good credit can be affected by inaccurate credit reporting. Even a small, bogus claim reported to Equifax or Trans Union may give you major grief even if you have a good track record and a fabulous credit rating. Check your credit at least … Continue reading Credit Hassles (Part 1)

Podcast Episode 32: “Condominium Parking.” Explains how condominium parking works. Do you have title to your parking unit, exclusive use of that parking unit or is it simply your assigned space? Perhaps it is a combination of all three. Download the audio file HERE and the text/handout HERE (control click or right click + save … Continue reading Condominium Parking

Podcast Episode 31:  “Disaster At Penhorwood.” The 168 unit Penhorwood condominium complex in Fort McMurray Alberta suffers from many deficiencies including structural, mechanical, electrical, building envelope and roofing situations which led an engineer to say there was a possibility of, “potential hazard to life, health, safety or building integrity”. Lawsuits are flying everywhere. Download the … Continue reading Disaster At Penhorwood

In honour of the 30th episode of the Tales from the Trenches podcast, Investor Lawyer has been renovated for a brighter and cleaner look! Podcast Episode 30:  Condo Reserve Fund Studies Condominiums /strata corporations exist Canada wide. They are complicated in all aspects and especially on the financial planning side. It is essential to examine … Continue reading Condo Reserve Fund Studies

Podcast Episode 29:  “Home Inspections Part 2 Painted Ladies.” Show homes are sometimes described as painted ladies. Despite their designer flair and top-end appliances these “painted ladies” can conceal a multitude of problems. Download the audio file HERE. Download the handout for parts one and two HERE. (Mac control + click + “save as” / … Continue reading The Basics: Home Inspections Part 2 Painted Ladies

Podcast Episode 28:  “Home Inspections Part 1 Knob and Tube.” Old, unsafe, hidden behind walls knob and tube wiring was discovered by a home inspection. The buyer avoided a $30,000 repair bill. Download the audio file HERE. Download the handout for parts one and two HERE. (Mac control + click + “save as” / PC … Continue reading The Basics: Home Inspections Part 1 Knob and Tube

Podcast Episode 27:  “Is It Black, White, or Grey? (Part Two).” A discussion of how to describe real estate situations as black (bad, stay away), white (legitimate, perfectly okay) or grey (uncertainty, could be offside, heading for black). Five real-life scenarios that illustrate the concepts of black, white or grey. Learn to tell the difference … Continue reading The Basics: Is It Black, White, or Grey? (Part Two)

Podcast Episode 26:  “Is It Black, White, or Grey? (Part One).” A discussion of how to describe real estate situations as black (bad, stay away), white (legitimate, perfectly okay) or grey (uncertainty, could be offside, heading for black). Five real-life scenarios that illustrate the concepts of black, white or grey. Learn to tell the difference … Continue reading The Basics: Is It Black, White, or Grey? (Part One)

Podcast Episode 25:  “When Is Your Portable Mortgage Not Portable?” Explains some of the pitfalls of relying on the portability clause in your mortgage. Why your credit track record doesn’t trump bank policy. Consider making your sale subject to achieving an unconditional purchase. Download the audio file (Mac control + click + “save as” / PC … Continue reading When Is Your Portable Mortgage Not Portable?

Podcast Episode 24:  “Fourplex Puzzle (Part Two).” When buying a fourplex or any property with more than one dwelling, you must do at least two things. Number one, check to see that the zoning allows the number of suites. And, number two confirm that the proper permits have been issued and final inspections done. A … Continue reading Fourplex Puzzle (Part Two)

Podcast Episode 23:  “Fourplex Puzzle (Part One).” Things to consider when changing your real estate strategy from single-family to multifamily. How your success changes the attitude of family and friends. One way to raise your multifamily down payment. Download the audio file (Mac control + click + “save as” / PC right click + “save as”) … Continue reading Fourplex Puzzle (Part One)

Podcast Episode 22:  “How Snoopy Should You Be?” Commercial financing of real estate, (usually six units or more ) is different than retail financing. Lenders have their own lawyers and require more diligence. If buying in a corporation your lawyer usually has to provide the lender’s lawyer an opinion that your corporation is properly incorporated … Continue reading How Snoopy Should You Be?

Podcast Episode 21: “It’s Just Paperwork, Right?” Not filing your annual tax return with the CRA is serious business. Big fines or potential jail time. Not filing your annual corporate return with corporate registry will, after two years, have your company dissolved. Should you invest in a badly run company? Download the audio file (Mac control … Continue reading It’s Just Paperwork, Right?

Podcast Episode 20: “Developer = Issues.” Buying any property from a developer is different than buying a previously owned home through a realtor. Developers have custom contracts which means nothing is standard. You must do more diligence. An incompetent developer’s representatives usually means trouble. “Subject to buyer’ s lawyer’s approval” is an excellent clause for … Continue reading Developer = Issues

Podcast Episode 19: “Taming Your Legal Bills 4/4 – Dos and Don’ts.” A continuation of an explanation of how your lawyer figures out your legal bill. 20 tips to improve service, get better results and reduce legal fees. Download the audio file (Mac control + click + “save as” / PC right click + “save as”) … Continue reading Taming Your Legal Bills (Part 4 of 4)

Podcast Episode 18: “Taming Your Legal Bills 3/4 – Hourly Fees.” A continuation of an explanation of how your lawyer figures out your legal bill. 20 tips to improve service, get better results and reduce legal fees. Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE. … Continue reading Taming Your Legal Bills (Part 3 of 4)

Podcast Episode 17: “Taming Your Legal Bills 2/4 – Fixed Fees.” A continuation of an explanation of how your lawyer figures out your legal bill. 20 tips to improve service, get better results and reduce legal fees. Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE. … Continue reading Taming Your Legal Bills (Part 2 of 4)

Podcast Episode 16: “Taming Your Legal Bills 1/4 – Fees Disbursements Taxes.” Explains how your lawyer figures out your legal bill. 20 tips to improve service, get better results and reduce legal fees. Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE. Download the handout for … Continue reading Taming Your Legal Bills (Part 1 of 4)

Podcast Episode 15: “Parol Evidence Rule.” People lie. You are not allowed to use verbal evidence to vary a written contract. Get all promises in writing. Don’t remove conditions especially a, ‘subject to financing’ condition until you are satisfied you have the appropriate financing. Download the audio file (Mac control + click + “save as” / … Continue reading Parol Evidence Rule