http://www.canada.com/edmontonjournal/news...1a-1da6b2742bd9

Maybe selling is the best option. Selling might allow me to retrieve the maximum equity availible minus selling costs. I could then get into a new place and possibly have some capital left to re-invest. Something to consider. Thanks for your comments.

QUOTE (invst4profit @ Jan 22 2008, 01:28 PM) Before you proceed further with this refinance have you looked at your numbers. $261,000 morgage at 5.5% 40yr = $1346/m debt repayment. rent eg: $1500/m (I have no idea what rent you could really get) expences= $750/m (standard 50% of rent)...

Hello All, I`m hoping some experts might be able to provide a helpful solution. The situation: I currently own my condo and it is valued at $290,000 with a remaining balance of $224,000 on my first mortgage amoritized over 25yrs at 5.15%. I have been working with a REIN...

I recently had a partner ask the same. But I personally did not feel comfortable doing this, I`m sure you could but there may be many other factors to consider. Also, I`m sure risky outcomes could arise. I explained it was not in his best interest and in the end he may be leaving alot of money...

Hey Rascal, Sorry to hear that it has been such a rough ride of late, but I`m sure things will turn around and in a few years you`ll have a great story to tell as you sip a maithai on a beach somewhere... I too was at the June quickstart and Im just working on my first property, I...

QUOTE (Chaps @ Nov 12 2007, 03:39 PM) My lawyer always included a description in the JVA that states that the Joint Venture is not a Partnership etc as follows: 1.1 The Venturers hereby create and embark upon the Joint Venture, the affairs of which shall be conducted by them in accordance with...

Thanks for all the great comments guys, Barry it was good to see you weigh in,I really appreciate it. I had a chance to speak with my lawyer yesterday, he confirmed for me that he infact was viewing this as "Partnership" he stated he would base it on the fact that my business partner was self...

Thanks for the comments guys. I think Russell has a good point, when I meet Tuesday find out exactly why he feels this may not be a JV agreement. It`s a preliminary meeting, so if I feel the experience isn`t there, I have no obligations at this point. From what I`m seeing though, there should...

Hello REIN members, Having just completed the last Calgary Quickstart and finished reading both REIN books. I am currently working on my first JV agreement. I have a partner lined to cover the down payment and closing costs and I will qualify for the mortgage. All other aspects of...