QUOTE (wgraham @ Jul 22 2010, 05:08 PM) I recommend that you take the 5 year fixed payment but take a variable rate mortgage. The savings with this strategy are very significant. According to Don R Campbell of the Real Estate Investment Network with a $300,000 mortgage you could save whopping...

QUOTE (brentdavies @ Jul 26 2010, 12:10 AM) The mold is a result of water from ?????? I found this to be key. I had some minor mold in my primary residence and also used the CMHC guide to get rid of it. It kept coming back because the source of the mold wasn`t fixed (in our case it was...

Great meeting yesterday. Thanks Ben for organizing the meetings and keeping the group going! A big thanks to Adam Hoffman for taking the time to share his insights and lessons with me and the other rookies; It`s great to have someone like that be open about some of the challenges that can...

QUOTE (Goodstuff @ Jul 19 2010, 02:31 AM) Sherilynn, You said to ask for the tenant`s email address so you can check them out on facebook. But don`t they have to first accept you as a "friend" on facebook before you can see anything about them? Do you ask to be their friend? Do they always...

QUOTE (RebeccaBryan @ Jul 14 2010, 10:54 AM) Send your tenant to the main police station in the city you are in to ask them to get a criminal check. It will cost them $30 in AB. I take $30 off their first months rent because sometimes that makes a difference whether they will consider my...

QUOTE (JoeRagona @ Nov 5 2009, 04:54 PM) Another step in your due diligence is to have a criminal check pulled. This will filter out many low grade tenants for many reasons. One being `invasion of privacy` which is a red flag in my book. Hi Joey and anybody else that knows the answer. I...

My apologies for not replying earlier (before the post high-jacking). Just wanted to sincerely thank everyone for taking the time to answer my question earlier (the original post a while back). The knowledge shared was very helpful in building confidence to invest through increased knowledge...

After doing neighborhood and city research within Kitchener-Waterloo and applying the findings to the property analyzer (using the ACRE system and other sources) I can’t seem to wrap my head around how based on market rental rates in the area a property could possibly cash flow. Clearly I’m...

Thank you so much for your help everyone. I really appreciate you taking the time to help, and I think other rookie investors might benefit from this post as well. After reading "Rich Dad`s Advisors: The ABC`s of Real Estate Investing" by Ken McElroy he mentioned that his criteria is to only...

Hello Everyone. I think a good question that many rookie investors might have (myself included) is what is the oldest age of a building that a first-time investor that isn`t handy should consider? With enough experience, knowledge, and a trusted team with a track record, I can see it being more...

Thank you very much for your help gentlemen. Your advice really helps. I only have enough money now for 2 so I will take the advice and first find an area in KWC that has a big enough supply of the target property type I`m looking for that can potentially cash flow, and then specialize...

Good day everyone. There seems to be consensus amongst professional real estate investors that one should specialize in specific neighborhood(s) and a specific type of property within those neighborhoods. However when trying to apply this advice, I have found that there are not enough...

Thank you for your input and advice everyone. I`m just starting out and these details are fantastic. VERY much appreciated. Kornel Szrejber