I see power of sales sell at tens of thousands below market especially around the 3 moth mark. they start high and every month drop the price considerably. untill sold. I am looking at a house now that started at 178k they are willing to sell for below 140k. in a 190k-230k area of town the house...

We purchased a house as well and the seller is still living there. on one side it`s great since they treat the place like they still own it and they really keep it clean all around however sometimes they act as if it was still theirs and forgot they are no longer on title. So if you`re planning...

thank you for your input. I appreciate it.

Out of curiosity are most landlords willing to lose a month or two of rent to find non smokers. In Ontario we can simply state there is no smoking in the apartment and we can legally kick them out for smoking if it is a non-smoking unit. Over the last 2 years we only had one complaint/incident...

Hi There I was wondering if anyone out there was refinancing their property during a fixed term mortgage. We are disappointed with Soctia since at first they told the penalty would be $6,000 than once we made the appointment she figured it would actually be $11,600 at that time the rates were...

We have experienced this in the past. Again in Ontario you are legally allowed to raise the rent 1.8% for this year. So that would be $18 every 12 months.That is better than nothing. This happens often so I would not worry about it too much. I would take the advice from above and create a win...

I agree the rent prices could go up $50-$100/door the insurance cost i think could be twice that amount. and snow removal I found costs more than you may think. How long would it take to build? How long will you have your money tied up for before you can start renting? How much are current...

Investing in hamilton myself I would also strongly recommend it. You can easily find legal investment properties and cashflow at $500/mo with 20% down. With the transporation infrastructure in place and McMaster innovation park you can`t go wrong with hamilton. Hamilton is moving up on the top...

Be careful I have a 5 plex and the cheapest insurance I got was 2,900 1M liability w 350k coverage so it also depends on what area and who your tenants are and if they have their own insurance. I was just quote 4 plex at 1200 w/ 2M liability 280k coverage. It depends on the area

If it is part of your lease you can evict them..... If you do not live in the house you have to have written complaints from other tenants in the building. Including dated and timed logs of smoking activity and your tenants must agree to show up to court if need be. This is one way to show...

You only have to give notice if you`re entering their unit, not a vacant unit. You probably have to let the people know that there is a surveillance camera installed by posting a notice on the wall.

One of my properties is in an area where the city is willing to pay up to $10,000 for property improvements possibly more. I have to apply for the grant. I am asking anyone who has done this for any tips and advice. Is there anything I can do to get the application approved quicker and get a...

Your wife can go under your name and pay only half the membership fee of $99/month. I don`t think she can come to any workshops unless she becomes a member.

Although I am just starting out in investing in real estate, I gotta tell you there are some great properties around Barton st now near the general hospital. The building next to mine is a 33 unit building undergoing a full renovation it also has 3 commercial units. He is a investor from Toronto...

The last months rent should be subtracted from the purchase. For me it was done at closing. I just had to pay less in closing costs but than you have to deposit the equivalent amount of money in the account to keep a record. I have seen however tenants getting the last month rent back and give...

Thank you I appreciate your prompt response. I will be printing this out for when I need it! thanks again

Hi Stephanie Both me and my wife attended the workshop and the 3 day seminar. It was about $3000 for the both of us (I think). We also purchase the newsletter and legal documents for $600 which helped us alot at the beginning. I cannot say anything bad about the seminar it was great and lots of...

QUOTE (reiScout @ Feb 2 2008, 05:21 PM) Let me know if you are interested in this info and I`d be happy to write up the process for you (or the forum). If you do respond, I`ll need the room sizes that are affected as a starting point. Barnie, I would love to know the proper procedures for mold...

I`ve had an issue with the tenant heating the place up too much. I find if they`re responsible for a portion of the bill (especially the unit with the thermostat control) they will use it wisely. If their not responsible they may crank up the heat since it`s included. same for electricity.

It crazy. I have 3 mortgages stuck for 5 years. 2 of which are higher than what is offered now. It just shows how important it is to stick with the right people that can offer you information that saves you thousands of dollars in a 5 year term per property. marek