Scanning over CMHC`s site i noticed an option for interest only payments on rental properties. Would this be a very good option for a potential negative cashflow property if you were to pay down the mortgage and/or most any situation considering most investors are looking to build equity? Side...

QUOTE (CanadianMortgageTeam @ Feb 9 2008, 01:43 PM) TDS must be under 40% to qualify, CMHC uses a rental offset to qualify. It`s a fairly generous offset, so even with a slightly negative cashflow, it can still work. If you are considering a negative cashflow property though, make sure that...

QUOTE (CanadianMortgageTeam @ Feb 9 2008, 01:12 PM) There are a couple of lenders now offering CMHC insured rentals up to 100% LTV. (some even with fully discounted rates.......) Cool, i guess one issue would be getting a positive cashflow property...? Peter, what are the general guidelines...

QUOTE (DonCampbell @ Feb 8 2008, 03:46 PM) There sure are, at the next workshop, make sure you make yourself known. Bring a NFLD flag for your table. Cool Don, i`m really looking forward to an Edmonton workshop. Hopefully i`m get to one in the next few months. I`ll probably wear a...

QUOTE (jrichet @ Feb 9 2008, 02:08 AM) Ok, here`s my situation: I`m 27, I`ve been out of university and working at various jobs in my industry for about 2 years. I make 44K per year, and live in the Okanagan (Near Kelowna BC).My TDR is bad, and saving is next to impossible, it seems like overdue...

Hi REIN members, i`m anixously waiting for Canada Post to do its thing and deilever my application to the REIN office in Calary. I was wondering if their were any fellow members from Newfoundland? However, i`m in Alberta.

QUOTE (GarthChapman @ Jan 15 2008, 11:08 PM) Hi Brad, If you can buy at the 10% factor these days in Alberta you are doing very well, and should easily be positive cashflow with both units rented. So if you live in the smaller suite you will have a very low cost of accomodation, and the banks...

QUOTE (RobMacdonaldCMT @ Jan 15 2008, 01:01 AM) Hi Brad, Not a bad way to start on the path of real estate investing. I agree with Garth, renting by the room will bring more cash, plus more headaches. Not to mention, qualifying at a bank. A bank will not allow rental income from rental of...

QUOTE (GarthChapman @ Jan 14 2008, 11:35 AM) Hi Brad, Welcome to REIN! Your concept is a great way to start. Many investors began by doing just what you are contemplating. You will probably find renting by the room to be more work, but it will normally generate more cash. Living in the...

QUOTE (Sherilynn @ Jan 14 2008, 10:47 AM) Greetings Brad. Unless you are renting rooms seperately (ie. to individual students or workers) then it is difficult to have your mortgage completely covered by basement renters. Have you considered living in the basement suite yourself and renting out...

Hi REIN members, anxiously waiting for my membership joining kit from REIN, i should have it this coming week. I can`t wait to join REIN! I hope to attend March`s seminar in Edmonton, living in Grand Prairie. Anyhow, i like to know if i can actually purchase a home and rent out rooms of the...

I just moved to GP and i`m going to join REIN next week. I plan on investing right here while i work with Haliburton. Maybe i should learn about property management too.

I can´t remember alot about RDPD but i thought this thread was about the value of a REIN membership.. Looking forward to joining REIN personally, i will be in Alberta in a few weeks. Sitting in Newfoundland right now. For the record i found the "7 Habits of Highly Effective People" to be...

Very neat story. Congrats!

QUOTE (NickStewart @ Oct 24 2007, 07:52 AM) Brad - I would presume that if you work 30 days straight sometimes, you also get similar stretches of time off. If that`s true, what is stopping you from assembling your own team (realtor, mortgage broker, home inspector, lawyer, property manager) and...