I had heard in the August REIN workshop in Alberta that all mortgages were assumable IF you qualify for them. I am looking to assume a mortgage and was wondering if this was still true if the current mortgage has CMHC involved. The home is currently owner occupied and I wanted to purchase as a...

Pretty good response, Dan. I actually advised my friend to refinance property 2 and remove the CMHC insurance. That way he is completely out of the gray regardless of original intentions. Is there any reason why he shouldn`t use the same financial institution? I can`t think of any, but it came up.

Property 2 was insured under the pretense that it would be owner occupied.

I use Lynn Payne Royal LePage in Lacombe. She is the hardest working agent I have ever seen.

A `friend` of mine has asked a hypothetical question of me and I`m not sure he believed my answer. I have promised him that I would post it here so he could see a few comments from a few different people. Here is the question: Suppose a person owned two properties, one with a CMHC insured...

Your question does not specify if you are using insured mortgages. If, for some reason, your circumstances have changed and you need to move out of your primary residence, no one will force you to sell it. If you have a CMHC insured mortgage, you may be required to re finance with a conventional...

I have been following the `Energy and Capital` news letter for about a year now. Most of the columnists agree about Peak Oil. Here are a couple of excerpts from Chris Nelder`s column. "I have often reflected on how coming to grips with peak oil is much like the process of grieving, as...

OK Guys, let`s not get carried away. The price of WTI today can exceed US$120.00. The number one factor is supply vs demand. There is some speculation in the oil markets, but supply vs demand is number 1. OPEC will not `open up the taps` any time soon. The simple fact is, they are wide open...

Assignment is a technique where a "Birdog" (you) finds the deal and ties up the property with an offer to purchase. Your name on the contract id followed by the words "and/or assigns". You then take the offer and peddle it to investors who actually have money. They take over the contract, and...

Easy money isn`t always easy. Another gray area player faces the consequences some years later. What did she really gain in the end? My apologies for posting the article, but I was not able to paste in the link. Nov 14, 2007 By JACK WILSON Advocate staff A former Sylvan Lake real estate...

Thanks, Mark. Now that I know the direction I must take, I can focus on it. I already have a couple of leads for hassle free tenants, and I will start looking for JV partners. I feel pretty confident that I can reach my goal of investing in at least two more properties this year.

Thanks for the replies, guys. I was thinking JV anyway. I just wanted to get a few under my belt first on my own.

I am a new REIN member. I would love to invest in more Real Estate, but here is my problem. I own 2 properties, one of which is my personal residence. My TDS is at 40%. I understand that if I have 3 properties my TDS may become a non-issue. Does anyone have any ideas that might help me get past...

I heard that TD is no longer allowing assumption without qualification. They are the only bank that I know of that has taken this step.