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  1. ThomasBeyer

    Educational REIN Posts by Thomas Beyer

    In that case you can “only” lose your investment. That’s why it is called a limited partnership as the liability is limited. The General Partner ( and its shareholders) usually put up a personal guarantee on these mortgages and are personally liable for any mortgage loss. Similar in a limited...
  2. ThomasBeyer

    Educational REIN Posts by Thomas Beyer

    You buy a house for $400,000 with $100,000 cash and a 75% LTV or $300,000 mortgage. After a recession and 2 bad tenants the reserve fund is gone and house is worth $350,000, minus realtor fees and legal investor gets $35,000 back and lost 65%. Very possible. Even worse scenario: there is a...
  3. ThomasBeyer

    Educational REIN Posts by Thomas Beyer

    Try the other links above in the post above it .. they all work By the way: “none of these links are not working” means they are all working ?? REIN did a web reorg a few years ago and many old links got lost ... Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father...
  4. ThomasBeyer

    Monthly Sell-Through rates/ absorption rates

    It gives you an indication of market size, and when compared to the number of listings it gives a rough indication of buyers market, sellers market or balanced market. Sent from my iPhone using myREINspace
  5. ThomasBeyer

    New home owner and investment advice

    Indeed commercial is more lucrative than SFHs !! With $1.4M you can buy $5M of assets, say a 40 unit building or mobile home park or industrial warehouse or small office building. What’s the goal though ? Cash-Flow or Maximum ROI ? Analyzed here with a hypothetical $1M...
  6. ThomasBeyer

    Looking for Calgary based, commercial realtor

    Try CBRE, Collier or Avison Young Plenty of choice these days for industrial in Calgary, but ideally you find an industrial realtor in one of the top 3 realty firms. Sent from my iPhone using myREINspace
  7. ThomasBeyer

    Reserve Fund for Condo

    Condo corps can waive this top up requirements. Special assessment may happen if major repair is needed but that may be a decade away. What province is this as laws differ ? Sent from my iPhone using myREINspace
  8. ThomasBeyer

    Discount Real Estate Brokers - Good or Bad?

    Discount brokers work well in a hot market and/or when you have a lot of time yourself for showings. Sent from my iPhone using myREINspace
  9. ThomasBeyer

    New home owner and investment advice

    Congrats. Some good initial reading here incl how to get started. The most important piece of real estate to add value to first is the 6 inches between your left and your right ear ! http://myreinspace.com/threads/educational-rein-posts-by-thomas-beyer.10663/ Sent from my iPhone using...
  10. ThomasBeyer

    How to evict a shared occupant?

    Yes remind him that the lease is for six month. Then it ends. Do that at least 2 month prior to the end of his term, in writing.
  11. ThomasBeyer

    How to evict a shared occupant?

    What does your sub-lease say ? 6 month ? 1 year ? month-to-month ? IF say 1 year you can't evict with one month notice unless non-payment of rent, property damage or threat to safety. One can always offer money to leave, of course. So, Alberta ? As you mentioned OHCS. YOU are in violation of...
  12. ThomasBeyer

    How to evict a shared occupant?

    Are you sub-leasing? Did the landlord allow it? What province? Assuming yes to sub-leasing and Ontario, here’s the law: http://www.ontariotenants.ca/law/act06.phtml Why don’t you send an eviction notice ?
  13. ThomasBeyer

    How many markets should you be in as a rookie?

    Which market is linear as opposed to cyclical? Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com
  14. ThomasBeyer

    Best market in Canada

    High tax Canada is booming, eh? With debt addicted politicians in 2 major provinces and on the federal level? At least in Ontario sanity & a common sense understanding that spending and taxing is limited returns to Canada as the PC party under Doug Ford takes a comfortable majority . Next up...
  15. ThomasBeyer

    Change of percentage of co-ownership

    To sell or to refi ? The agony and the ecstasy !! Analyzed here: http://blog.reincanada.com/sell-or-refinance-the-agony-and-the-ecstasy Refi and buyout of partner usually preferred IF enough $s can be had from refi and enough cash flow. Is this the case here? Thomas Beyer, Asset Manager...
  16. ThomasBeyer

    Making a legal suite

    End of recession: yes. But: Boom ? Evidence ? Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com
  17. ThomasBeyer

    Change of percentage of co-ownership

    Yes there are reporting requirements and potentially taxes payable on sale of shares, property or beneficial interests. https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains.html...
  18. ThomasBeyer

    Toronto Is Booming!

    I’d use the attributes interesting or vibrant. But beautiful ? Where can one get cash flow though for sustained ownership over 5-10 years ? Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com
  19. ThomasBeyer

    When a contract ends?

    Look at fine print of mortgage. She can likely get mortgage off title if paid off, but depends on actual mortgage details missing in this post. She should get a lawyer involved with factual evidence of payments. She could refi or discharge mortgage potentially. But there may be penalty clauses...
  20. ThomasBeyer

    Best market in Canada

    Kelowna just got hit with a speculation tax (hiring Albertans, BC second home owners and foreigners) AND has seen vast price increases the last 3-4 years unwarranted by incomes ie decoupled from fundamentals. Proceed with caution. Ok to buy what cash flows. Rest risky. Thomas Beyer, Asset...