We Buy Houses Edmonton and area

04/28/2021

Q: Why take the risk of selling with an Agreement for Sale (AFS) with Seller Financing?
A: Capital Gains Tax.
I buy properties quite regularly using AFS, and the benefits are obvious to a distressed seller who needs out of the property right away. But what about rental properties or vacation homes where the seller doesn't need to escape debt and isn't in dire need to sell?
Taxes.
In fact, I convinced my own parents to sell their vacation property using an AFS with seller financing. The buyer's payments were split over 5 years (the maximum time allowed by the CRA over which to split the tax).
The result...they saved over $7000 in income tax in this year alone!
And that's on a lake lot valued at only $150k. Imagine the difference if the property was worth half a million or more.
Bottom line: if you are selling a property that would incur capital gains tax, consider selling via AFS with seller financing. I could save you tens of thousands of dollars.

Q: Why take the risk of selling with an Agreement for Sale (AFS) with Seller Financing?

A: Capital Gains Tax.

I buy properties quite regularly using AFS, and the benefits are obvious to a distressed seller who needs out of the property right away. But what about rental properties or vacation homes where the seller doesn't need to escape debt and isn't in dire need to sell?

Taxes.

In fact, I convinced my own parents to sell their vacation property using an AFS with seller financing. The buyer's payments were split over 5 years (the maximum time allowed by the CRA over which to split the tax).

The result...they saved over $7000 in income tax in this year alone!

And that's on a lake lot valued at only $150k. Imagine the difference if the property was worth half a million or more.

Bottom line: if you are selling a property that would incur capital gains tax, consider selling via AFS with seller financing. I could save you tens of thousands of dollars.

09/24/2018

Transform landlord stress and financial pains into more free time and financial gains!

Access this free information at https://landlordsuccess.sherilynn.ca/

09/08/2017

We are currently seeking single family and suited houses in Edmonton and area. We can close whenever you like and potentially pay more than you would net if selling through a realtor. Please contact us for details.

06/28/2017

This week we bought a house from a family who was not going to be able to pay their July 1st mortgage payment. The contract was signed on June 18th, we removed conditions on June 26th, and the property will be officially ours on June 30th. The smiles of relief on the sellers' faces spoke volumes.

06/02/2017

We recommend "plain" term life insurance over mortgage insurance to all of our clients. The two main reasons are: 1) term life is usually substantially cheaper, and 2) since mortgage insurance isn't underwritten (guaranteed) until you actually need it, there is no guarantee the insurance company will pay out on the claim...so you could have paid premiums for years thinking you are covered, and in the end you get NOTHING.

Consider life insurance instead

10/24/2016

New site name. Like it?

09/03/2016

Renovations are now complete on the properties we bought from distressed sellers earlier this summer. We're ready to take on new projects. If you have a house you must sell quickly or that is too big of a project to sell through a realtor, please contact us.

Sell your house fast in Edmonton, Alberta. No matter the condition, we buy houses for cash. We can help you invest wisely or buy a home even if the banks won't approve you. Rent to own experts.

07/21/2016

Sell your house fast in Edmonton, Alberta. No matter the condition, we buy houses for cash. We can help you invest wisely or buy a home even if the banks won't approve you. Rent to own experts.

06/27/2016

Buying a house this week from a distressed landlord. She realized she isn't well-suited to being a landlord and she wants out NOW. We are closing when she wants, and she need not do any repairs or cleanup beforehand (as she would certainly need to do if selling the conventional way). As we signed the contract, she said "I wish I had known about you years ago."

06/23/2016

How do I sell my House Fast? We Buy Houses in any condition in the Greater Edmonton area. Sell your house quickly to us and escape your debt and worry!