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  • Forum Post: Real Estate 101 - I need help!

    I could sure use your expert advice and knowledge. Any ideas would be most appreciated. Thanks! My dilemma; I have a mortgaged property (principle residence with no option to refinance) with an updated mobile on 5 acres. Mortgage in good standing (6th year but little equity because refinanced). The property...
  • Forum Post: Distressed Sale Opportunity for Income Property

    This is an excellent opportunity to get a property in Southern Ontario for a $180k buyout. The seller is very motivated. This is a 15 year old single detached house which is currently generating $1'100.00 a month. Outstanding mortgage, liens and fees are $180k. It has been appraised at $170k and...
  • Forum Post: Six is the Sweetspot for New Investors

    On an almost daily basis I have a conversation with someone who wants to try their hand at real estate investing and become a landlord. There are always alot of different questions that come up, but one of the more frequent ones is; "where do I begin?". It is a very open-ended question which...
  • Forum Post: Realtor in the Fraser Valley

    Hello Fellow REIN members, I have been with REIN for the last three years and own a multifamily property in Edmonton AB. Last Year I decided to throw my hat in the ring and become a Realtor. If anyone is looking to buy or sell in the Lower Mainland/Fraser Valley I am sure I can help get your deals done...
  • Forum Post: Top Risks of Real Estate Investing

    The most successful investors, in any sector, are those that refrain from wearing rose coloured glasses. Instead they ask the hard questions and look for the weakness in their prospective investment as this approach allows them to be objective and make fully informed decisions. Although the real estate...
  • Forum Post: Stick to my current plan, or is a second mortgage a better route?

    Hi there, new to the forum and haven't found much talk about this topic so I figured I'd ask. As a bit of a background, I've got a rental in Hamilton that I bought 2 years ago with a nice sized down payment (60k). I've been doing a lot of research lately and am getting ready to start...
  • Forum Post: Top 3 Reasons to Buy an Income Property NOW

    One of the most common catch phrases that I hear when talking to individuals about their reluctance to invest in real estate has to be "It’s not a good time". It's a very vague statement which can be interpreted to mean either; (a) it’s not a good time for me personally to invest...
  • Forum Post: Re: live in t.o, want to invest in Calgary

    Hi Kenny, The site I listed below provides a really good e-book that explains why Alberta is probably one of the best places to purchase an income property in Canada right now. Have a read and hopefully it will help you decide! Good luck! -Nina http://www.viproperties.com/landing/income-property-investment...
  • Forum Post: New Investor – Appreciate advice on options

    Hey everyone, I’ve been reading the forums for a long time and appreciate all the insight and advice being thrown around. I signed up today because I was hoping to get some advice from the forums. My wife and I have been wanting to get into real estate investing for a while now but just recently...
  • Forum Post: Phoenix Arizona and the recovering housing market. Great article!

    By NICK TIMIRAOS PHOENIX—As home prices continue to drop in most cities, a nascent real-estate rebound here holds lessons for the rest of the country. This sprawling desert metropolis was one of the hardest hit housing markets during the bust. Phoenix home prices declined 55% from 2006 through...
  • Forum Post: new investor with some questions

    Hey, I'm from Ontario and I'm very excited to buy my first investment property. I just finished reading the book Real Estate Investing in Canada and do have some questions though and would really appreciate if someone could help me out. Something I really have had on my mind is coming up with...
  • Forum Post: Renovating a Prime Toronto Beach House

    Hey Fellow Investors, Here we are in the heart of the Toronto Beaches. There is a special story that comes with this house. Jeff Reed, a renovation specialist and professional house flipper, has purchased this property with the intentions of renovating it extensively. He essentially rescued the Seller...
  • Forum Post: Legal Issues That Are Never Openly Discussed

    Hello Fellow Investors, In this interview, I ask our friendly Lawyer Shayle Rothman some legal issues that are never openly discussed. Some examples that we discuss are, demanding post dated cheques from your tenant, evicting your tenant if they have a pet, and demanding a security deposit. A lot of...
  • Forum Post: The Risk in Owning Illegal Income Properties - Toronto Beaches

    Hello Fellow Investors! Continuing with my interview with Shayle Rothman from Parnes Rothman Real Estate Lawyers. In this interview we discuss the risks involved in owning an illegal income property. Most income properties in the Toronto Beaches are illegal or non conforming, so how does this affect...
  • Forum Post: Opinions on 6-plex Investment in Surrey, BC

    I am looking at this investment in Surrey which consists of five - 2 bedroom units and one - 1 bedroom. It's priced at $900 000 which works out to $150 000/unit. I have read multifamily reports of units selling for 105k-120k in New West, 120k being in smaller buildings. New West I would assume would...
  • Forum Post: Landlord Tips from Scott McGillivray of HGTV's Income Property

    Live In Studio Scott McGillivray from HGTV's Income Property Tonight's guest Scott McGillivray will be on hand to answer all your questions from buying that property, turning your basement to an apartment, to building your portfolio. Tune in and call 416.446.7090 and ask host Brian Persuad all...
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