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Recent content by princecharles

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    Hamilton - Cheap Lawn Landscapers for SFH?

    Hi everyone, Please could anyone recommend a low cost lawn cutter for single family houses in Hamilton (east)/Stoney Creek? Anything would be greatly appreciated! Thanks
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    Equifax vs Transunion report?

    yeah, good points. one other thing - i ordered the equifax report from tenantverification.com and it did not provide any details on public info, bank info, trade info etc. Only basic stuff and a credit score. It seems as though equifax now requires some sort of inspection before they will...
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    Equifax vs Transunion report?

    great info thank you both!
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    Equifax vs Transunion report?

    Hi all Do you purchase the Equifax or the Transunion report? Is one more helpful than the other for screening purposes? How useful is it to get both? Thanks
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    How to run a credit check?

    do you guys go for the transunion or equifax report? which is better for screening purposes? or get both?
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    Tenant Screening - Ontario Works and Baby Bonus

    Thanks guys! How do I find out if the tenant has any other debts? Also how do I assess the co-signer`s suitability? What should I ask for? Investsmart - sorry no, when i said "In terms of the competition, it doesn`t get much better." I meant that in terms of the market for potential tenants...
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    Tenant Screening - Ontario Works and Baby Bonus

    QUOTE (housingrental @ Jan 7 2010, 08:45 PM) Hi PrinceCharlers: 1) What is the rent of the unit 2) Does this includes utilities ? If extra apx how much? 3) Does the applicant have other obligations? 4) Is the applicant`s mother able to act as a guarantor and does she have sufficient funds to...
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    Tenant Screening - Ontario Works and Baby Bonus

    QUOTE (NiagaraInvestor @ Jan 7 2010, 08:23 PM) The $500 a month baby bonus sounds like BS! You should read up on what`s going on in Ontario. once you do you won`t let your mother rent to this perspective tenant. Check this website out. Ontario is a tough place to be a small LL now...
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    Tenant Screening - Ontario Works and Baby Bonus

    Hi all My mother wants to rent out her basement to a 22 year old girl with a 3 year old child. She brought her mother with her to the screening and they both seemed really nice, and they are both locals who live in near neighborhoods. The problem is that this tenant does not have a job...
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    First JV Deal with friends - case study

    QUOTE (EdRenkema @ Dec 1 2009, 11:24 AM) What are you looking at this dream for??You already have it made, you have a gf, she is paying the rent !!!You also have the time to work on your business, it really can`t get much better. You`re looking at RE with rose coloured glasses. The earlier...
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    First JV Deal with friends - case study

    QUOTE (housingrental @ Dec 1 2009, 10:22 AM) princecharles - There is no good way to look at this. You shouldn`t be buying a property. Risking damaging your relationship with your friends and family, losing what little money you have, and bankruptcy aren`t worth the potential little $ you might...
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    First JV Deal with friends - case study

    QUOTE (TodorYordanov @ Dec 1 2009, 09:17 AM) This is not a case study! Find a property and start working with some real numbers. Only than will you see what is possible and what is out of reach. I.E. your friend pays $1200 now, but why assume that he will be paying $1200 in your property. Will...
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    First JV Deal with friends - case study

    QUOTE (invst4profit @ Dec 1 2009, 09:00 AM) Good advice above. Also you NEVER want a friend as a tenant. You appear to want to help a friend as a partial motivation to get into the business. Unfortunately social workers do not make money. Right now you can not afford the cost of a mortgage so...
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    First JV Deal with friends - case study

    QUOTE (housedoc @ Dec 1 2009, 07:47 AM) Dream on! 300K for a multi unit property in Toronto? Stop worrying about your friend and look at something in Hamilton.....and hope your gf doesn`t dump you! thanks sophisticated thought there.
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    First JV Deal with friends - case study

    QUOTE (investmart @ Nov 30 2009, 10:24 PM) Unfortunately, you are not ready for that.. yet, AND it would not make sense even if you were! what would your benefit be? there is almost no cash flow in Toronto! Also, I strongly recommend you buy one or 2 properties yourself first, then involve...
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