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  1. rforgiel

    Best Mortgage product for House Flip?

    Thomas gave you some good advise. Develop a good relationship with a private lender and they will make it easier and provide better terms with each successful project.
  2. rforgiel

    St. Catharines

    I like St Catherines but like everywhere else prices are taking off and it is hard to find anything. It is more blue collar then Niagara Falls so there are families with jobs and jobs are slowly coming back. Brock has refurbished a downtown property to create a theatre and arts centre which has...
  3. rforgiel

    Garage Rental Ontario - Security Deposit How Much Can I ask For

    I will be renting out a garage in Ontario (Hamilton) and I plan on using the REIN standard commercial/warehouse/garage contract. As a residential landlord I am use to asking for 1st and last months rent. Is this legal or the norm with commercial contracts. There is also a space for security...
  4. rforgiel

    Claiming Legal Fees; Ontario N5 Form

    Thank you for the answer. Appreciate your knowledge in this area and you seem to know more then the people and the Tenant Board. They indicated there is no real precedent for this and would be a crap shoot to pursue.
  5. rforgiel

    Claiming Legal Fees; Ontario N5 Form

    I have tenants in a condo townhouse who continually leave toys and things out on the driveway and front lawn as well as repair wrecked cars on the driveway. They are OK tenants and I get their cheque every month from the disability board so I am satisfied with them. The issue with fixing cars...
  6. rforgiel

    renting a house in Burlington Ontario

    Terri, Last year I had to rent an apartment my Dad has in that area. I was surprised at how low the rents were compared to the current selling prices. I rented to a young medical resident travelling to Hamilton. His primary complaint was those high rise apartment buildings you see on...
  7. rforgiel

    How To Credit Check Foreign Students

    Thank you to all for your replys. It is all good advise and I will take into consideration.
  8. rforgiel

    How To Credit Check Foreign Students

    A foreign student from Kazakhstan took an application to rent an apartment I have in Hamilton. He seemed like a decent enough chap. He is going to an English language college and then will be going to Trent University. How could I run a credit check on him. He says he has a credit card. Would...
  9. rforgiel

    Thoughts on Occupy Wall Street

    Godfried Thank you for the reply and clarifying things. Nobody will ague with taking personal responsibility for our actions. The youth have certainly been turned off by our political process. When I was a young man, I felt public service was of the highest calling. The process does...
  10. rforgiel

    Mortgage Backed Securities.

    Mortgages have been around since the beginning of civilization and people have done well with this type of investment. A MIC is like a mutual fund of private mortgages. You will have someone in a suit taking his cut to manage the fund and do all the regulatory paper work. He is probably of...
  11. rforgiel

    Thoughts on Occupy Wall Street

    They are protesting the gap between the super wealthy and the rest of the world. On top of this it is a realization business and the structures of our society are not set up for the betterment of society. The link below gives a beautiful explanation of this feeling. I have posted this essay...
  12. rforgiel

    How are you using Real Estate to move Toward your Goals? Participation Thread!

    Adam, This is a nice message and goal. I understand what you are going for. It is about going from the finite to the infinite. What they don't teach you in business school is being sensitive to your clients. Not everything in business is measurable and objective. Here is a video you may...
  13. rforgiel

    Looking for Investor for Flip Project

    A private lender will also be able to help. First go Thomas' route. A private lender will only put in maybe 65%-75% LTV (purchase + reno costs) to start. Once you build up experience and a track record they will be willing to put more cash in the deal.
  14. rforgiel

    The Stock market: a platform for gambling, trading or investing ? How to restore sanity !

    Michael, You bring up a valid point on this one. Raising interest rates in the Exchange Rate Mechanism from German Unification would cause the British economy to tank. I was also unfair to put Soros in the same class as these other high frequency traders who do not have the same subjective...
  15. rforgiel

    The Stock market: a platform for gambling, trading or investing ? How to restore sanity !

    I agree, the stock market has become little more then a casino. The high frequency traders have also caused damage in the bond markets and currency markets. In 1992 George Soros broke the Bank of England. Yes there has been government debt default in the past. What is different now is the...
  16. rforgiel

    Cockroach Traps Extermination

    I have an end unit of a row of townhouses. The tenant called and said there is a major cockroach infestation in a unit four doors down. Today she noticed a cockroach in her unit. Does anyone know of any good traps or gels or where these products can be purchased in the golden horseshoe area of...
  17. rforgiel

    Replacing lead water pipe in Hamilton

    My quote with Thos. R Birnie & Sons Ltd was also in the $1700 range plus permit. Since I already have a tenant in place and it will be a pain having estimators going in and out, I have tentatively booked with Birnie and Sons. Will let you know how my experience goes. Thanks for the update.
  18. rforgiel

    Replacing lead water pipe in Hamilton

    I have asked my contacts for a good plumber that replaces lead pipes in Hamilton and have not gotten any good referrals. They all claim not to do it any more. I have gotten a quote and some follow up from: Thos. R Birnie & Sons Ltd 1-877- 5- STINKY 1-877- 578-4659 They are a bigger reputable...
  19. rforgiel

    Brantford`s South Side of Colborne Street to be demolished

    Adam, I find the locals are all for tearing down the buildings. Not being from the area but investing in Brantford, I find it disappointing and short sighted. As the price of oil continues to climb and people resist urban sprawl downtowns cores will become the place to live. Also look at...
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