I'm certainly no expert, but it sounds like you are coming dangerously close to playing in the grey area. Even the language you used..."My broker mentioned that I could likely get away with putting 5% down..." would suggest that you already know you are coming close to the edge of what is...
QUOTE (wgraham @ Sep 25 2009, 11:38 AM) Good points by Kevin and Monty. I might add one more point. Seconds sound sexy and sophisticated to put a 2nd/VTB mortgage on a property but make sure you do the math comparison against a CMHC insured high ratio mortgage. Often, if you are putting a large...
HI ALL...I`ve been at this game for a while now and FINALLY it looks as though I am about to do my first RRSP 2nd deal. It seems relatively simple except that I think maybe I am missing one of the fundamentals somewhere. Please help me to understand.
For ease of math let`s assume that I will...
I`ve just sold a rental a property for a profit. I know that Capital Gains Taxes will be due in the spring so I need to put away enough money from the sale to make sure that I will have these covered. My dilema is what to do with the money short term to get the maximum return. A savings...
One other critical item to remember...my research has suggested that right now there is an approximately 15% surplus for student rentals in Brantford. That doesn`t have to be a bad thing, you just have to be different than everyone else! Have you place bandit signs near the school? My best...
I`ve seen similar scams several times. Whenever you have an ad online it seems that you might as well have a target on your back!! Nonetheless, I always enjoy playing along for a little while. This person has not even seen your place and yet they want it??? I am sure that you use an...
