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  1. MooseHead

    Mortgage companies - higher than 80% LTV?

    Hey everyone, just wondering if anyone is aware of any company currently offering higher than 80% LTV mortgages on rental properties? I know Xceed was offering mortgages with only 10% down and Firstline at 15% down a few years ago but not any longer after things have tightened up. Any new...
  2. MooseHead

    PM Express

    Just wondering if anyone here has tried out the PM services of this company and if so, how are you liking it? Here is the link to their website: http://www.pmexpress.ca/ Cheers, MH
  3. MooseHead

    Refinance Question

    Hey guys, I'll try to keep it short. I'd really appreciate some input from some of you more experienced investors. Please let me know what you think. Current debt: $12,000 student loans (6K at 4% & 6K at 6%) $5000 renovation debt at 9% (unsecured LOC) Duplex purchase price $82,000...
  4. MooseHead

    Timing my renovations - does this make sense?

    Does it make sense to spread out renovations (repairs) over several years to take advantage of expense deductions to reduce net profit? Basically I'm in the process of completely renovating the main level unit of my up/down duplex. I will also need to rebuild the stairs/landing area to the...
  5. MooseHead

    Work Truck - Worth It?

    My old truck is starting to die on me so i'll soon be in the market for a new truck. I'm debating purchasing a 4 door pickup 4x4 which will be my only vehicle vs purchasing a 2 door reg cab pickup used solely for my rental properties (as I self manage and reno my units) and purchasing a nice...
  6. MooseHead

    Q regarding raising rent (Ontario)

    Hi guys, quick question regarding rental increase. Would it make more sense to raise rents for Nov 1/2012 at 3.1% with the 90 day notice or wait for Jan 2013 which would only be 2.5% I believe? Cheers, MH
  7. MooseHead

    Whats your New Years RE Resolution?!

    First off, Happy New Years everyone! May 2012 bring you much success and happiness! I thought I'd start a thread where everyone can share their New Years (real estate oriented) resolutions with eachother. I'll go first: - Finish renovating the duplex I acquired in July as well as my...
  8. MooseHead

    Accounting - multiple bank accounts?

    Hey guys, I'm looking for some feedback as to what has worked best for some of you. I am currently using my personal chequings account for rent deposits and expenses for my first duplex. However, I am getting my second property and would therefore would like to get more organized now and have...
  9. MooseHead

    Questions about buying second property

    So I purchased a duplex (closed June 17th) and all is going well. I am renovating the upstairs unit and hope to have it rented by August (September at the latest). I had enough saved up for 20% down but my broker advised me to go with 5% down as I did not own any real estate. I thought I...
  10. MooseHead

    Property Goldmine Score Card

    I was wondering if anyone had a copy of the score card that is printable and can be accessed through MS Office etc. I was going to type one up instead of making photo copies from the book but figured I`d ask here first. Cheers, Chris
  11. MooseHead

    Comparison Of Popular Readvanceable Mortgage Products In Canada

    A good short read if anyone is interested. Read Article
  12. MooseHead

    Investor Owner of Property Management Company

    Hi everyone, I was just curious if there was anyone here who runs their own property management company as well as being a real estate investor. If one could successfully do so, you could effectively turn a cost (property management) into profit by owning your own company. By taking care of...
  13. MooseHead

    Hi Folks!

    Hi everyone, I`ve been trolling these forums the past few weeks learning lots. I figured I would introduce myself and fill you guys in on a real estate property I am interested in. It has been for sale for quite some time now and the price continues to be reduced. The property is a triplex...
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