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  1. Tyler - Picket Fence Properties

    Leveraging Instagram

    I'm not saying that I intend to utilize Instagram to gain investors. However, it is a great tool to be able to see what others are doing with their renovations and to motivate one another to continue to build their portfolios! Similar to this forum you find out what others are doing but with the...
  2. Tyler - Picket Fence Properties

    Leveraging Instagram

    Hi everyone, Just curious if may people are leveraging Instagram to connect with other investors and to document their renovations, buying process, etc? We started a few weeks ago and have connected with a few REIN members but not many...We would love to connect with more! There seems to be...
  3. Tyler - Picket Fence Properties

    5th Property at 25 Years Old!

    Exactly! We did just that...just took possession on another property and are putting a basement suite in it...day #3 of demo and things are progressing nicely!
  4. Tyler - Picket Fence Properties

    5th Property at 25 Years Old!

    For sure! I've attached a bunch above :)
  5. Tyler - Picket Fence Properties

    5th Property at 25 Years Old!

    Hi Paresh, I didn't use a realtor to locate this property, I found it myself. However I can PM you a few names if you'd like?
  6. Tyler - Picket Fence Properties

    5th Property at 25 Years Old!

    We’ve just completed the renovations and refinance of our 5th purchase and are thrilled with the results. With the refinance we were able to secure 80% LTV of appraised amount with a readvanceable HELOC attached to the property. This powerful tool will allow us to recapture the principal portion...
  7. Tyler - Picket Fence Properties

    Free On Line Credit Check

    Last year I signed up for Equifax Complete which for a couple is $29.95/mth ($19.99 if just one person). I highly recommend because you can login whenever you want and see your score in real time. One top of that you get an email whenever someone performs an inquiry. Well worth it in my opinion!
  8. Tyler - Picket Fence Properties

    Refinance Application - a Mortgage Renewal Risk?

    Agreed...you wouldn't want to go out and get an appraisal because often the bank has a list of approved firms that have designations such as AACI and carry liability insurance. This is also true for environmental studies...better to get the term sheet first and see what the lender requires for a...
  9. Tyler - Picket Fence Properties

    Refinance Application - a Mortgage Renewal Risk?

    Incorrect. I can't speak for all lenders but I was a Relationship Manager in the commercial division for a Big 5 bank and if you are current on your account and provide your annual financial statements each year as agreed to in your commitment letter you will be provided renewal options.
  10. Tyler - Picket Fence Properties

    Refinance Application - a Mortgage Renewal Risk?

    For just a renewal, especially if the account is paid as agreed they will not ask many questions. If there is equity in the property and the debt service works there is no issue with asking to refinance the property, it wouldn't jeopardize the existing mortgage for renewal. The personal income...
  11. Tyler - Picket Fence Properties

    loan ordeal

    I see what you're saying but unfortunately that isn't the environment we're in anymore....Every Bank you go to because of a credit decline you're sacrificing 6-8 points on your score for a fresh pull. It all depends what stage your portfolio is at....if you have zero plans to acquire more...
  12. Tyler - Picket Fence Properties

    Buyers Market in Calgary

    Couldn't agree more! A few years ago we bought a 2B2B condo in West Edm where the Whitemud and Henday converge..we get great cashflow because of the location but have experience negligible appreciation (perhaps even a decline in value) but have faired exceptionally well in SFH side. Lesson learned!
  13. Tyler - Picket Fence Properties

    Buyers Market in Calgary

    Similar trend occurring in Edmonton...SFH under $450k going into multiple offers while limited activity in the condo market. Perhaps the ever more present millennial buyer that is not interested in MF living in a reasonable option?
  14. Tyler - Picket Fence Properties

    loan ordeal

    If you've been self employed for less than a year the Credit Union is not using your income in the calculations. I'm assuming the 3 rentals you have are being serviced from your Wife's income using the 50% rental add-back method. You should create an excel workbook and calculate what your TRSR...
  15. Tyler - Picket Fence Properties

    Edmonton basement suite issues

    Can you please share for the benefit of everyone?
  16. Tyler - Picket Fence Properties

    Future house price growth question across different major cities in Canada

    I disagree. Cash flow is not always negative with 20% down after all expenses and provisioning for repairs and vacancies, you likely haven't found a good enough deal yet...if you're purchasing based on where you think price appreciation will be the largest; it's anyone's guess.
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