Thanks to all of you who made it out to the Master Mind Group meeting at the Second Cup November 20. There were 7 or 8 of us there and all of us have purchased anywhere from 1 to 9 properties. We can all learn from each other. We are getting together again on Thursday December 13 at 7:00 pm at...

Thanks again to all who`ve replied. Cheers Martin

Great story Rebecca, I have a well paying job and have just recently bought my first investment property, but it wasn`t that long ago that my wife and I went through some tough financial hardships. However, like that saying goes "what does not kill you, makes you stronger" we`ve bounced back...

Great to hear Kevin! I`m 45 and just starting out on this journey and your story really gives me hope that with hard focussed work, I`ll succeed to. Cheers Martin Blair Edmonton

I forgot to mention the condo has a 25 year amortization ( I wanted 30 or 35 years but CIBC wouldn`t because it is for investment ) at least that is what they told me. All three debts are with CIBC. The interest rate for the condo is 5.84% fixed for 5 year term. Total owing on all three debts is...

Thanks again to all that have replyed. Yes, the house I paid $405,000 in Jan/07 is my principal residence. As I said it was appraised at $473,000 in June/07. It has most likely come down a little in market value since then. Balance owing is about $292,000. Interest rate is 5.04% fixed for 5...

Thank you very much for your advice. That is why I posted this as I am new to real estate investing and I now know I didn`t buy the best property that I could have. I learned alot at this weekends Quickstart in Edmonton ( Thank you Don ) but this is my first investment property and I`ll learn...

Hi all, I bought a house in Edmonton in Jan/07 for $405,000, had it appraised in June/07 for $473,000. I than took out a Secured Personal Line of Credit from the equity for $83,000 and bought a revenue condo in Edmonton for $230,000 using the PLC for the down payment. My question is should I...