Podcasts Barry Mcguire: Real Estate Lawyer, Edmonton

Podcast Episode 14: “Tax Charity Scam.” Fighting with tenants over small amounts of rent or security deposits is almost never worth it. Unhappy tenants can falsely report you to the Canada Revenue Agency (CRA) and trigger audits. Tax schemes that promise deductions much larger than a charitable donation are almost always found to be shams … Continue reading Tax Charity Scam

Podcast Episode 13: “Happy Tale.” Things to consider when moving from a buy and hold strategy to a fix and flip strategy. Consider private financing if your bank doesn’t like your plan to fix and flip. Your ability to perform will produce private lending opportunities impossible to get in the public marketplace. Download the audio … Continue reading Happy Tale

Podcast Episode 12: “Condominium Conundrums 3/3 – Rental Pool Mysteries.” Issues to watch out for when purchasing a condominium unit with an existing tenant and a rental pool. There is a formal process to join the rental pool and lots of paperwork. Download the audio file (Mac control + click + “save as” / PC right … Continue reading Three Condominium Conundrums (Part 3 of 3)

Podcast Episode 11: “Condominium Conundrums 2/3 – Caveat on my Condominium Title.” Failure to pay a special assessment allows the condominium Corporation to file a caveat against your title. If you don’t pay the next step by the condominium Corporation is what amounts to a foreclosure. Plus, you will pay the condominium corporations legal fees. … Continue reading Three Condominium Conundrums (Part 2 of 3)

Podcast Episode 10: “Condominium Conundrums 1/3 – Rules…, What Rules?” A primer on the law surrounding condominium corporations in Alberta. Includes your responsibility to be in compliance with condominium bylaws, provides information to the Corporation about your tenant, discusses your responsibility for tenant damages. Confirms the right of the Corporation to evict your tenant for … Continue reading Three Condominium Conundrums (Part 1 of 3)

Podcast Episode 9: “Mortgage Basics 9/9 – True and False 3.” The final installment of how mortgages work in Alberta including discussions of conventional mortgages, high ratio (CMHC) mortgages, personal guarantees, enforceability, assumptions and foreclosures. Also includes 10 very useful true and false questions and an explanation of the court process around a foreclosure. Download … Continue reading Mortgages and Related Security… How Are You Liable? (Part 9 of 9)

Podcast Episode 8: “Mortgage Basics 8/9 – True and False 2.” A continuation of how mortgages work in Alberta including discussions of conventional mortgages, high ratio (CMHC) mortgages, personal guarantees, enforceability, assumptions and foreclosures. Also includes 10 very useful true and false questions and an explanation of the court process around a foreclosure. Download the … Continue reading Mortgages and Related Security… How Are You Liable? (Part 8 of 9)

Podcast Episode 7: “Mortgage Basics 7/9 – True and False 1.” A continuation of how mortgages work in Alberta including discussions of conventional mortgages, high ratio (CMHC) mortgages, personal guarantees, enforceability, assumptions and foreclosures. Also includes 10 very useful true and false questions and an explanation of the court process around a foreclosure. Download the … Continue reading Mortgages and Related Security… How Are You Liable? (Part 7 of 9)

Podcast Episode 6: “Mortgage Basics 6/9 – Corporate Mortgages and Personal Guarantees.” A continuation of how mortgages work in Alberta including discussions of conventional mortgages, high ratio (CMHC) mortgages, personal guarantees, enforceability, assumptions and foreclosures. Also includes 10 very useful true and false questions and an explanation of the court process around a foreclosure. Download … Continue reading Mortgages and Related Security… How Are You Liable? (Part 6 of 9)

Podcast Episode 5: “Mortgage Basics 5/9 – The Chain of Responsibility.” A continuation of how mortgages work in Alberta including discussions of conventional mortgages, high ratio (CMHC) mortgages, personal guarantees, enforceability, assumptions and foreclosures. Also includes 10 very useful true and false questions and an explanation of the court process around a foreclosure. Download the … Continue reading Mortgages and Related Security… How Are You Liable? (Part 5 of 9)

Podcast Episode 4: “Mortgage Basics 4/9 – The Alberta Difference.” A continuation of how mortgages work in Alberta including discussions of conventional mortgages, high ratio (CMHC) mortgages, personal guarantees, enforceability, assumptions and foreclosures. Also includes 10 very useful true and false questions and an explanation of the court process around a foreclosure. Download the audio … Continue reading Mortgages and Related Security… How Are You Liable? (Part 4 of 9)

Podcast Episode 3: “Mortgage Basics 3/9 – Personal Guarantees.” The third part of this podcast mini series focuses on personal guarantees to secure a mortgage. This short episode discusses situations where a lender might require a third party to add their name to a mortgage contract as extra insurance. Download the audio file HERE. Download … Continue reading Mortgages and Related Security… How Are You Liable? (Part 3 of 9)

Podcast Episode 2: “Mortgage Basics 2/9 – Types of Mortgages.” This episode of Tales from the Trenches continues the mini series on mortgages with a discussion of conventional mortgages and high ratio (CMHC) mortgages. The legal aspect of how mortgages are secured depends on the loan to value ratio. Download the audio file HERE. Download … Continue reading Mortgages and Related Security… How Are You Liable? (Part 2 of 9)

Podcast Episode 1: “Mortgage Basics 1/9 – History Is No Mystery.” Mortgages are a fact of life for most people buying and selling real estate. For the first episode of the Tales from the Trenches podcast, we’re going to talk about some of the background and history of these all important legal contracts. If you’re … Continue reading Mortgages and Related Security… How Are You Liable? (Part 1 of 9)