QUOTE (MarkTorgerson @ Apr 27 2010, 08:48 AM) Thanks Mark That is interesting as the feedback I am getting from the lending industry is that CMHC uses the base of market rent and then will only recognize credits over and above this amount. The arguable issue would then be "what is market...

QUOTE (MarkTorgerson @ Apr 26 2010, 11:30 PM) Hi Andy Thanks for your post. Do you not have to be cautious with starting to give back credits as the seller(investor)? I was under the impression that CMHC will not recognize credits under market rent as part of the down payment when the...

QUOTE (markl @ Apr 26 2010, 01:02 PM) Hi All, As Andy has pointed out the numbers I use are based on trial and error and working backwards from the returns that we wanted to generate. What type of returns are you looking to generate? We are working in the Alberta market and people are...

Hi Folks, Thank you very much for your sharing your knowledge with me. I am greatly appreciated for that. I don`t know what housing market situation is in Ontario, but in Calgary, it is brutal. Just as the other REIN members said you won`t see a positive cash flow property in Calgary...

Hello folks, Can I borrow your brain for a sec? I read through Mark`s book "Investing in Rent-to-won property" twice, but still can not figure out the following three questions. 1) based on page 122, the monthly option credit is 20%. I am wondering if it is possible for us to choose other...

QUOTE (ThomasBeyer @ Apr 22 2010, 11:10 PM) you will show a letter that states how much credit has accumulated, i.e. how much money will be forwarded by you to the tenant-buyer / his lawyer !Hi Thomas, thanks. I read through Mark`s book "Investing in Rent-to-won property" twice, but still can...

Hi there, when we do the RTO, the tenant needs to pay us some initial deposit as part of the final down payment and we put it into our seperate bank account specifical for RTO. As the program proceeds, monthly credit will go into the same account towards renter`s down payment. At the end...

QUOTE (invst4profit @ Apr 22 2010, 07:59 AM) It is illegal in Ontario to accept more than first and last and unscrupulous tenants know it. Once accepted they turn around and take LLs to the board to get there money back (and fined). They tell the board the LL demanded cash up front before they...

QUOTE (ThomasBeyer @ Mar 21 2010, 10:32 PM) usually not .. as the option purchase is usually worded in the landlord`s/owner`s favour ! You need special skills in RTO .. and you need legal advice specific to your province .. and you need TWO contracts: one for the rental part and one for the...