Hello My renters recently decided to move out...within the last couple weeks, they had an accident with hot grease dripping on the carpet (cooking and tried to turn on smoke detector in livingroom with pan in hand). Its not a huge area destroyed, but definitely noticeable and an issue for any...

Hello We are looking at the option of renting our 2nd home (1st home is still on the market to sell) on a monthly basis. We set the monthly cost well below current market values in the area ($600-$800 per month less than comparable homes) with the hope of finding another family/person is a...

Hello We are taking possession of our new home at the end of the month which will contain a suite. I am considering the idea of allowing 1 small pet and therefore want to help ensure the person stays for the term of their lease to negate any possible pet damage. I do not believe that an...

Hello Currently selling our main residence (www.LivingInWalnutGrove.com). We`ve lived in this residence for approx. 22 months and have recently purchased a new home in the same area. If we do not sell our current home prior to taking possession of the new home, is their a chance that we will...

Hello I am currently looking at getting my finances in places for my new mortgage and have a commitment for a 3yr Closed Term Mortgage at PRIME - 0.XX. From what I see, most banks offer a 5yr Variable. Other than 3yrs VS 5yrs, what is the actual difference since it floats with PRIME? With a...

Hello I attempted to search for the answer on the forums with no luck. What do full service realtors typically charge? I normally see a typical charge of... 7% on 1st 100,000 2.5% on remainder In the past with the hot Vancouver market, I was able to easily get 6% and 2% with no percieved...

Hello I`ve left messages both with my current mortgage holder (TD) and a message with Peter Kinch`s Office (Mortgage Broker) to find out my options, but wanted to start a thread to see what others have done and why... I currently own our home which we were planning to sell in 2 months...

Hello I searched through the forums, but could not find an answer to the following... If I were to go with a 40 yr Amortization on a property with a 5 yr fixed rate, would I be able to change the amortization period later on without penalty after my 5yr fixed rate expired and was up for...

Hello I found the following thread as well as a few others, but they did not answer the following question... Pet Thread http://myreinspace.com/public_forums/Real_Estate_Discussion/62-1129-pets.html If the person moves and you discover that the carpets or laminate are destroyed...

Hello I`ve been through all the threads I could find on Cash Flow, but did not find an answer to the following... When discussing Positive Cash Flow, do investors consider the LOC payments as part of their calculations or does everyone calculate Cash Flow based on: - 25% Down Payment (any...

I am currently looking at a Multi-family unit in the Atlantic region which uses Oil for its heating costs. With Oil prices fluctuating over the past year, I am un-sure if I need to multiply last years costs to provide a more accurate cost for the next year or if prices have remained approx. the...

Hello 1st time poster. I`ve read the Real Estate Investing in Canada and am nearly finished the 97 tips book. Both are great books and I feel that I have learned a lot and want to get started in investing. I am currently on my 3rd buy-renovate-and-sell home in the Vancouver area, and now feel...