All great tips...Thanks

Thanks mark...It was good to meet you. Thanks for tips and good wishes

QUOTE (surfermoe @ Apr 6 2009, 01:21 PM) Thanks a lot for the info, Greg - I`ll look up the local registry office. Alex, re. your question: I guess you would use that service if you`re searching for info on properties outside of your municipality. If the properties are in your municipality...

Northern Ontario

QUOTE (thomasbeyer2000 @ Mar 25 2009, 03:10 PM) yes, this is all VERY reasonable for a commercial property ! 1% setup fee only $1000 legal fees ! prime + 2 = 4.5% 75% = great LTV ! Usually you also need: appraisal + environmental report + engineering report for another $10,000 ! why not...

Looking for a little input on this... I have a 5 plex right now that is mortgage free. The assessed proprty value is 240,000. I am trying to secure a 15% down payment for a 6 plex that I have an accepted offer on by getting a LOC on the 5 plex. I`ve been to a 2 banks and the best I can find...

QUOTE (thomasbeyer2000 @ Mar 24 2009, 05:07 PM) PeoplesTrust .. but they won`t do 6 -plexes .. shop around some more .. 4.25% is OK .. but you may be able to get below 4% .. I assume you use a mortgage broker ? Exactly...I`m using a local mortgage broker. They have been very helpful but not...

I`ve been shopping rates for a 6 plex...and the best I could find was 4.25%...That`s with 15% down and CMHC insured Is anyone else getting better deals out there? Thomas would you mind telling me where you got the financing through?

That definately puts thing into perspective....that`s a lotta greenbacks!!!!

I have laminate in my entire upper floor, and it is very loud. You hear everything downstairs. Carpet is much quiter and acts as a baffle between the units and absorbs the sound. If I had to do it again, I would not use laminate. my 2 cents

Looks like it`s pretty important that I attend. I`ll have to book the day off... I guess when I look at iot it`s a small price to pay given what I am spending to attend and the potential knowledge gain Thanks to all for your input. At these ACRES events, how many people usually attend? Are...

I just registered for ACRES Ontario on April 17, 18, 19 & I can hardly contain myself... I have been reading posts on this forum on how good this program is and when I heard that REIN team was comming to Ontario I had to book. This will mean quite a trip as I live over 4 hrs away, but I...

After some digging around with a few contacts, it appears that with CMHC they will lend up to 85% value in my area (Ontario) I have a sub question: would it be worth while then to get a mortgage through RBC then if you were looking to get a 6 plex? You could potentially save the 1-1.5% intrest...

QUOTE (realfortin @ Mar 2 2009, 10:34 AM) 1) I do, on one of my properties, it is not too much of an issue. All the tenants are on the lease? 2) As long as it is made out to you, there is no issue. As for the N4, if one person does not pay, I would issue the N4 to both as they are both on the...

QUOTE (GarthChapman @ Feb 14 2009, 10:09 AM) Brian, I like your take on what has been posted for you, except that your step #4. reads "while trying to stay under the price set in #1". Makes me think it`s not a figure you will be truly commited to. This business eats people who don`t make their...