Hello fellow investors, hoping there is someone has some in depth knowledge of POTL's (Parcels of tied land) that they would be able to share. I do want to mention that I will be asking these questions of my lawyer tomorrow as well, but I think the more information I can gather, the better - I...

Hi David, I believe what you're looking to do is called a sandwich lease. I don't know much about it other than it sounds like the strategy you've described. I would Google sandwich lease and see what you find. I'm sure you'll be able to find the info you need. Good luck!

Thanks to everyone for your input. I find the different insights/perspectives to be invaluable and the responses are very much appreciated. The general consensus from all the responses was that the expense was a little high based on their income, so based on that, I decided not to proceed with...

Hi All, Would you rent to this couple (Ontario)? The scenario is as follows: Male Monthly income (net): $2100 Credit score 715 With same employer for several years Female Monthly income (net): $1600 Credit score: 515 With same employer for two years. Reason for poor score -...

Hi Everyone, I would like to hear people's views on fixed vs variable rate mortgages given the recent changes in the mortgage rates. I know the generally accepted strategy is to go variable and pay as if it were fixed to accelerate the principal pay down, however, with the spread between...

I want to thank everyone for their input and insight on my situation. It has been extremely helpful. There's been a few common themes throughout the posts: 1) Vacant possession is extremely difficult to get in Ontario (although as a buyer, it doesn't do any harm to ask). 2) The buyer is...

Thanks for the insight. Looking back, it is pretty obvious that he's trying to protect his own interests over my own. I guess it wasn't clear to me since I had put my trust in him. What I did know is that I felt uneasy about how our discussions went. I was led to believe that my concerns...

Hi, I am a newbie investor and currently looking to make an offer on my first investment property.The property is located in Ontario and currently tenated. The house appears to be in good repair (to be verified by a home inspection, of course) and I was satisfied with the upkeep of the unit...

Thanks for the insight Greg. Are there any areas that you would suggest I look into? I am open to other areas, however as this is my first investment property, I would like to be in close proximity to the property as I will be managing this myself (do not plan to hire a property manager at...

Hello Everyone, I'm looking to purchase my first investment property but I'm having an extremely difficult time finding a property that will cash flow. Let me give you a little background on my situation and what my (failed) approach has been to this point. I'm looking in Brampton for a...