There are/were a couple outfits using the same hands off business model in Ontario. To summarize Freedom Financial - went out of business, had at least two developments, Essa Rd in Barrie and complex of about 100 reasonable looking townhomes in whitchurch-Stouville if I recall. I have always...

I am not sure if the rates will raise in September. But I think there will be only one more uplift (of 25 basis points) in 2010. BoC will raise perhaps more slowly than some might have anticipated because I think the economic factors they monitor will suggest a touch more modest growth over the...

Humm, Interesting.. a question is asked that most would feel is inappropriate... and one that has zero chance of being responded to directly. Readers weigh-in , most challenge the validity of the question... a few partial defenses. What struck me was not how personally inapproprial or...

I reviewed your post again. You clearly have self identified that the investment you describe is not appealling. Have confidence in your assessment over the sales pitch of the folks marketing the deal. Always!

Agreed, For a quick sanity check use the following Realistic monthly rent * 12 = Yearly income at full occupancy If Yearly rent at full occupancy is < 8-10% of the purchase price you are going to have a tuff time using the OPM model... unless you are prepared to put down a very large DP...

Indeed 5 year fixed rates are very attractive now. i believe Firstline is also below 4% as of last week. However, if you are insistent on a variable mortgage I would be inclined to secure a 1 year term. I don`t think prime will be moving very much in that time but I do believe the forces of...

Does anyone have any experience with property managers in Barrie servicing the southern portion of the metropolitan area. I will be looking for more of a full service outfit with experience both securing and retaining tenants. Low volume needs. Target is three TH style properties between June...

Alexh, Many years ago I found myself thinking along the same lines as per your questions. As I was not intending to give up my day job I was looking for an investment that required only mimimal day to day that between my spouse and I could run on a part time basis. We looked into franchising...

Yes, TD recently sent me a note also indicating my new unsecured rate would be prime + 3.25 effective sometime in March. As I don`t use the facility much I am not sure how much of a jump that is at this moment. I think it might be an uplift of 75 basis points. More notably from my perspective...

Humm, We do know that all banks have an increasing focus / accountability on identifying potential money laundering activities. It sounds to me like the question was likely part of that agenda. You probably just ran into an over zealous interpretation of the bank`s AML protocols. I presume...

Humm, Seems to be run by the same person that runs http://www.tulsianiinvestments.com/. Mississauga based. I have been to a one of their get togethers but not as a club member. Never done business with them but I think their business model is that they find the deal and then bring in their...

Well presents wrapped ...... just checking on the conversations. And let me say that the phrase "some assembly required" may be among the most misleading of all time. There is a school of thought that many secondary/tertiary cities in Ontario will outperform the larger centres over the next 5-...

Anyone have any opinion on "when or if" achieveable rates on variable mortgages will return to below banking prime territory? I happen to have 5 of them due in 2011 and am obviously hoping that all will be straightened out (ie back to historiocal pricing models) by then. However, I have also...

Hummm, Interesting,..... I thought I had made a post offering some further anecdotal information on Montblanc and some of the other somewhat similar outfits in Ontario. However, I do not see my comments here. Perhaps I forgot to hit submit...or perhaps I was "moderated". Wonder how I can find...

QUOTE (bigbabba @ Nov 25 2008, 08:19 PM) I have talked with montblanc back in oct, as some people have stated they dont allow your own broker or appraiser, you end up with 2 mortgages on a loan less then a $100k, one being payed back to them at almost 7%. The are the property management and the...