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  1. angelapeng

    Advice for Parents with LOC

    Indeed, debt, if used property, can really boost investment income and return, plus tax savings as well.
  2. angelapeng

    Advice for Parents with LOC

    Hi, Thomas, your suggestions are great. However, since they only collect government pensions, they may not be qualified to get a home equity line of credit at 75%, the reverse mortgage strategy is good, at least they don't need to worry about the monthly interest payments. They can get 55% of...
  3. angelapeng

    Real estate vs mutual funds!

    Thanks, Thomas, for your reply and explanation. Therefore, are you saying that Canadian REITs (publicly traded) are less attractive than the US REITs? I am researching alternative investment opportunities other than physical property investments, but found it challenging to focus on the areas...
  4. angelapeng

    Real estate vs mutual funds!

    Thomas, Do you think at today's market situation, REIT is still a viable investment? The real estate market are all go downwards, except a few commercial markets. Looking at most residential markets, the yield is almost none existent, how does the REIT consistently pay for the 5-8% dividends?
  5. angelapeng

    As a real estate investor beginner should I incorporate or own my first property in my own name?

    It depends. I incorporated in day 1 when I knew that I am going to build up a substantial real estate portfolio in the next few years. (It was suggested to incorporate it if you think you will have at least 2 millions of assets in it). In our case, within 7 years, we built up a multi-millions...
  6. angelapeng

    How to get the information I need from Real Estate Agents or Real Estate Brokers without bothering them?

    Property Management is a very critical part of long term real estate holding business. We have been running the real estate investment and holding for over 13 years. During this time, we gradually purchased, renovated, rented and managed the portfolio of 12 properties, some 100% owned, some of...
  7. angelapeng

    JV'ing existing co-owned RE, removing the co-owner

    Many private lenders even MIC has equity programs, meaning they only look at how much equity in the property, no income is not necessary a deal killer. They do check the credit score, as long as credit score is not too low, they will consider to lend the money. This is one option for...
  8. angelapeng

    JV'ing existing co-owned RE, removing the co-owner

    If I were you, since I am not able to qualify at the A lender banks, I might want to take a look at alternative lenders, such as MIC or private lenders, then I will do one or two years loan with them, pay out the ex (It could be by instalments). Keep the 100% equity, then slowly working to (1-2...
  9. angelapeng

    Do you accept this offer or not?

    Thanks everyone for your reply. There is why I don't see any logics behind bank's offering. Will take all your advice not to take this offer.
  10. angelapeng

    Do you accept this offer or not?

    Recently, my bank offers me a Line of credit at 1:1 ratio using cash as a collateral. The term is like this: the cash has to sit in the bank investing in a fixed term GIC, right now, it is 2-2.5%. Then they loan you a LOC at prime rate, you can use this money to do whatever you want, if for...
  11. angelapeng

    Variable or Fixed rate Now?

    I recently completed one renewal, and one refinance. The renewal one is with TD at Prime-1.05% for 5 year closed, the refinance one is with CIBC at Prime-0.6% 3 years closed, I could convert to fixed at 4 years at 3.64% or 5 years at 3.74%. The refinance one is a unique experience, they only...
  12. angelapeng

    Just closed 52 units for 1.9 mill ... some info ... and getting cash at close

    Hi, Rickson, why "trade equity position out to another investor is tax free"? Can you explain? Thank you.
  13. angelapeng

    Variable or Fixed rate Now?

    The two years fixed rate is not any better than 5 year fixed at 3.67%, the five year one is 3.87% though.
  14. angelapeng

    Variable or Fixed rate Now?

    I have a mortgage up for renewal on Dec. 1, it is with TD. It offers 5 year variable at 2.97% (prime-0.88), or fixed 5 years at 3.87. I always take variable over the last 14 years except those promotional 1 or 2 year fixed rate. However, considering the current interest rate environment, I...
  15. angelapeng

    Rental add back

    Are your files rental properties? A few years ago, TD only allows 4 rental properties with them, don't know that they can finance up to 6.
  16. angelapeng

    Reuse down payment to qualify for more mortgages?

    If one does use HELOC as a downpayment, ideally, convert it into a mortgage, because usually mortgage rate is lower than the HELOC, plus, when most banks calculate the debt service ratio, they includes the HELOC portion with higher rate. Thus, agree with Matt, it is for short term use, if for...
  17. angelapeng

    Will monthly mortgage payment amount change?

    I just checked with the lender, yes, Vine Group is right, the prepayment is based on the original loan amount, not the reduced balance. Also, since my mortgage is fixed closed mortgage, the lender only allows 10% prepayment annually. In regards to the monthly payment amount adjustment, I...
  18. angelapeng

    Joint Venture vs Finders Fee and PM

    I have exactly experienced the same thing 8 years ago when I first started raising capital from Joint Venture partners after successfully investing for 5 years. To identify the right money partner is the key here. When I write a blog or meet potential partners, I always make it very clear that...
  19. angelapeng

    Flex Down Mortgage

    I had talked to one broker one month ago, he said that Manulife has the program for that. The interest rate quoted about 4.5-5% for the interest only portion of mortgage. The qualification is easier for those who are self-employed.
  20. angelapeng

    Will monthly mortgage payment amount change?

    Need to clarify one thing about the monthly mortgage payment amount. In the mortgage agreement with the lenders, they allow you to pre-paydown the mortgage about 15-20%, which varies from different lender. Say for example, if your current mortgage balance is $500,000, the monthly payment is...
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