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Does anyone have any experience with hiring contractors to lower the basement floor (via jackhammers) to allow the basement of a rental building to be renovated (and thus rented for extra income)? Any feedback would be appreciated, just trying to get an idea of what I`m getting into here. Any...

QUOTE (invst4profit @ Aug 13 2009, 11:23 AM) you will not be successful in getting what you are after because they do not want the very thing you are trying to have. They do not want additional residences on the same lot regardless of the size or configuration. Perrhaps you`re right...

QUOTE (invst4profit @ Aug 13 2009, 10:19 AM) Yes you can rent out garages for storage, parking,work shops etc. I thought you were asking if it would be permitted for someone to live in it. Garages are not permitted for use as residential habitation. Thanks Greg, I appreciate that you are...

QUOTE (invst4profit @ Aug 13 2009, 08:41 AM) Essentially what you are asking is can I get approval to build a garage and over time convert it to a carriage house/residential residence.Yes assuming you have the skills and abilities to do the construction or hire someone with the skills and...

You don`t sit back and hope it resolves itself. You hit them right square in the wallet at the onset which will derail their tardy behaviour and will stop the problem going forward. When you have a lease agreement that specifically says there is a fee for lateness, the FIRST time they are...

Would love to get some insight from the brilliant minds here..Here we go... I have a house (used as a duplex) on the front of a very, very large lot. There is a TON of unused land behind this house. I`ve approached the city about severing the land so I can build on it, they said no. I approached...

QUOTE (joe123 @ Dec 4 2008, 03:42 AM) Remax says... Why does this panic only happen in Alberta and certain places in BC? Anybody else feeling confused like me? any answers? I can`t speak for out West, but I know that London Ontario is listed as one of the few cities in that Remax report will...

QUOTE (Jack @ Nov 25 2008, 08:40 PM) Totally logical! And a very good question to be asking. Rents aren`t fixed, nor do they always go up. In an environment of hiring freezes, layoffs, flat wages, low consumer confidence, and overall illiquidity, it doesn`t take a genius to surmise that rents...

A logical concern from an individual investor, however it really comes down to supply and demand of housing for the particular area in question.All things being equal, rents have a history of doing the opposite of what this thread is concerned about when house prices are falling. Rents...

QUOTE (TommyK @ Nov 22 2008, 02:12 AM) ...then wouldn`t it make more sense to pay down on the rental mortgages whenever I get a chance? Sure, you`ll be paying down that mortgage on that rental property, yes. But you`d also be paying down your significant tax benefits too. Slowly eliminating...

Instead of sending your letter to the powers that be, maybe its best to slip the moron CEOs trying to sell inefficient fuel guzzlers a memo letting them know the public consumers are no longer interested... consumers want smaller fuel efficiency vehicles, plain and simple... take note of Toyota...

QUOTE (GarthChapman @ Nov 15 2008, 01:40 PM) Now that's unusual. I would have agreed before with all the other posters to get Dan out. Good on you for being a part of his re-building his life. Understand though that this was an unusual case - people in his situation nearly always fail. Now...

UPDATEThought I`d let you know things have since become very interesting for this property. Never a dull moment in Landlording. Dan: Hasn`t missed rent at all. Keeps paying on time and pays in full exactly one day before the 1st of the month rent due date. He`s volunteered to do small odd...

QUOTE (bigbabba @ Oct 22 2008, 04:03 PM) good info DWB, thanks No Problem, thanks for posing the question... One other thing, once you succeed in paying off the mortgage on your home with the extra payments from the rent received from the rental properties, then consider isolating your family...

Anyone heard yet if the Banks followed with a cut of Prime by 25 basis points? Or did they balk at it again?

QUOTE (bigbabba @ Oct 15 2008, 08:56 AM) To get the best experience and results out of RE investing, I am trying to figure out what is the best way to spend or not spend positive cashflow. Use excess cashflow from rental properties to make extra payments on your primary residence mortgage (your...

QUOTE (thomasbeyer2000 @ Sep 28 2008, 11:49 PM) Lesson: credit will be tighter and more expensive and the costs to government (read: tax payers) are offset by printing more money, i.e. inflation. What I find interesting is that since real estate is a tangible commodity, house prices...

Does This Stop the U.S. Housing dive & Create a Market Turnaround? Just curious as to what the brilliant minds here at REIN think about this announcement... specifically, does it stop the U.S. home prices from freefalling like it has since 2005? Also, in case anyone is interested I`ve...

QUOTE (investmart @ Sep 19 2008, 06:27 PM) Has any of you ever been mortgage approved but not allowed to take a variable rate (only fixed)? Regards, Neil No this is not right. That banker is trying to get you into a fixed because they want their branch to show better profitability...

QUOTE (thomasbeyer2000 @ Sep 17 2008, 09:23 PM) After this week's stock market crash expect mortgages to be EVEN MORE difficult to get .. especially for investors and sub-prime borrowers and any non-first home !! This will affect real estate prices .. downwards !! When the stock market...