I also would run away from these. You are puting up 24k each to make at best 450/yr or at worst lose $165/yr cashflow? Sounds like the mutual funds kind of numbers. Do not count the appreciation into any numbers until it is realized. Appreciation is gravy at the end of the deal. Just my 2...

Try Mark Loeffler of Keller Williams a try. [email protected] He is part of the Hamilton REIC that I am involved with. Sean McGleish New Life Investment Partnership

Thanks Thomas. That is helpful. What are the legal ramifications of assuming the mortgage? How is the payment of the mortgage handled (who is actually making the payment Am I paying seller and he pays mortgage or do I actually make payment to bank for seller) Who gets profits from...

I have heard this term used in purchasing properties. Can someone please explain some of the details in this type of strategy for getting a property.

I am looking at a couple of fourplex properties and the vendor wishes the the buyer assume the existing mortgage on the property(ies). I have a couple of questions with regards to this. First off why would the vendor want that? What is behind his curtain? Second, what are the pros and cons to...

Thanks for the info. I have looked at the Top Investment Cities. I was looking at a couple of areas that were not referenced there. I did not think about looking at the sources of the stats. I will do that as well. I will try the Economic Development Officers, CHMC and provincial sites. I...

Good morning. As per this post, does that mean that the meeting will be held this weekend (2nd sunday after Rein workshop)? Sean

Thanks Kir. I understand now that the legal non coforming has to do with the zoning of the property. What would substantial alterations be? Sean

I got a house, semi detached for 140,000, in awful shape. We completed major renovations, including new plumbing, electrical, panels, drywall, complete gut out and new kitchens, washrooms, etc. I have it sold for 239.000 now, but the CHMC wants an appraisal. There is really nothing comparable...

Good morning. I have been doing some research on various duplex and triplex properties and have come across a couple of terms that I am unsure of the meaning within the investment relm. The first term is "legal non-conforming" property. What does that mean? Should I be running away from (or...

Good morning. I have a question. If we are trying to follow the gold score card for an area that you are not intimately familiar with and are looking to see if the town or city measures up for possible future investment, where do you get current information? I have been on about 10 -15 different...

The biggest thing that I see here is that you are both right. Adam - The issue is that for someone to take offense and be offended is that they have the choice of "taking" the offense or not. But it is their choice. You have obviously chosen to 'take' the offense and have been offended...

Can I also be added to that group, please. My email is [email protected]. Thank you very much. I am looking for a group that I don't have to drive all the way into downtown Toronto or further to meet with. Sean McGleish

Is that the same for Ontario as well? Where do you find that info? Thanks