YES, you CAN buy a property with 5% down, just as long as it isn't an investment property. As of April 2010 all investment properties require 20% (or more) downpayment. Please remember, ignorance of the law is not an excuse for breaking it. As for the OP your purchase of the duplex with 5%...

Unfortunately there is no simple answer to this as any number is meaningless due to the fact that we all have different time restrictions in our lives and different time management styles to deal with them. Well one person may manage 6 properties relatively easy another may struggle with 3. It...

As stated above fire or water damage could easily exceed $15K depending on the condition/type of unit you have. I would suggest that for the cost you are actually under insured based on the following: Your quote is $130/yr or ~$11/month (from other post) We pay $240/yr or ~$20/month Your...

This is the confusion that makes so many people sceptical of the RTO strategy. The initial deposit and rent premium that you collect are never meant to be keep by you the investor in a true win-win deal which is the corner stone of selling the RTO strategy. To use these in your ROI...

An additional site you should be familiar with : Help for Landlords Understand the different forms and how and when to use them. Always better to know the rules of the game before you start playing.

QUOTE (gwasser @ Oct 28 2010, 09:05 PM) The same with money that you receive from your tenant and that you reinvest to pay down your mortgage. Just because it is reinvested to pay down the mortgage does not make it tax free. It is part of your net income and you will have to pay tax on this...

QUOTE (Sherilynn @ Oct 29 2010, 07:10 PM) Here is my understanding of it: Paydown does not affect net income as mortgage principle payments are not a deductible expense. Net income is gross income (the rent) minus the expenses (repairs, interest, etc...NOT mortgage principle payments). Since...

QUOTE (afshinrein @ Oct 27 2010, 03:06 AM) Hello, If I am collecting $1000/month rent ($12000/year) and put $0.00 capital because I use home equity loan, then what is my net ROI (my $12000/year rent - my investment cost of $3000/year)/$0 ??? my cost includes tax and HEL interest as well...

QUOTE (MRieger @ Sep 25 2010, 09:53 PM) I am not an insurance broker...but am familiar with the products. If it is your intention to provide a guaranteed payout to your beneficiaries, then Universal Life Insurance can do this for you or whole life insurance. Only buy it if this is your intention...

QUOTE (spearcy @ Sep 26 2010, 11:48 AM) I`m looking for advice on how to deal with a situation. I purchased new appliances for my duplex (owner occupied) when I took possession this summer. When the tenants moved in on Sept 5th though, we discovered the new range in their unit is completely...

QUOTE (KimFranz @ Jun 10 2010, 06:27 PM) I`m interested in seeing how others define the values they use in this formula. Here is my definition: Cost of Investment - All capital used for investment I have heard some people define this as the down payment only. I believe it should be down...

QUOTE (JohnS @ May 31 2010, 03:25 PM) In general, I agree with the other respondents, but I`ve had one question running through my head: Isn`t he mixing up the 2 forms of 15% ? A 15% ROI is not to be confused with the split in a JV partnership. A 50/50 JV could give him an ROI of 2%, 15%, or...

QUOTE (cozzafrenzy @ May 27 2010, 12:55 AM) Superb Inner City Bungalow Main Floor near LRT and ALL amenities Bright and charming 3 bedroom main level bungalow in Radisson Heights. Hardwood and tile throughout. Good sized kitchen with modern appliances, plus plenty of counter space and cabinets...

QUOTE (JoeRagona @ May 27 2010, 10:17 AM) Hi Ray, I am probably looking at the same REIN partners as you and did not find that low of a price for my properties in Barrie. I am however looking at a secondary partner to see what their rates would be. I pay on average $50 per month on insurance...