Hello, My girlfriend and I purchased a new build semi in Burlington for approx 275, it is now worth approx $380-$395 depending on upgrades, etc, etc. The question is, can we lease out this property while pulling out the equity from it?? Only 5% has been put down on the property, but my...

Hello, I bought an investment property in 2007 for $167,000. I renovated it spending $12000 in materials and labour. I did most of the work myself, excluding the tiling of the bathrooms and kitchen backsplash. The property has been now appraised by my lender @ $198000. I am currently owing...

Hello, My tenant would like to break his lease and leave my property b/c he has been recently laid off. The property is a single, family residence and is located in Ontario. What is the standard operating procedure with this type of situation where the tenant has the obligation to fulfill his...

Hello Property Investments Enthusiasts, I was wondering what you would recommend for a father/son property investment project. We did one in last year which was a fix and lease strategy and had fun doing it. How would you recommend securing financing deal #2, assuming that it takes 20% in home...

Hello, I was wondering if anyone had any thoughts about the possibility of investing in Bracebridge, Ontario. This is the area where the famous Muskoka Lakes reside. What are your opinions about investing in the city of areas that have high tourist demand. The idea being that since waterfront...

Hello, I am purchasing a house with my fiance to live in. The house is for us and not for investment purposes. I am having her purchase this house in her name only while paying her half the amount. How do I go about being on title without being on the mortgage? This seems to be possible in my...

Hello, I was wondering if anyone has any input as to the process of converting a single family residential property to a legal duplex. I found an interesting property that is deemed to be a dulex by mpac or mpax (don`t know the exact acronym of the real estate body) but not by the...

Hello, I`ve had my eye on Saint John, NB. but have never invested out of province before. Is the best thing to contact an agent who specializes in that area first and utilize his/her expertise, referrals, etc. How about a property manager? Would they be the ones to contact first to gain a...

Hello, What would you do in this situation: my friend bought a home in Eastern Ontario for before the current slow down. his work transfered him to work in another city where he currently lives with his parents. He is leasing the house he purchased and is making a net loss of approx $200...

Hello, I`ve purchased a property in the Courtice/Bowmanville area with the intention of re-selling. I purchased for $167K on a street where homes normally sell between 200-210K. After closing and insurance I`m at approx. $177K invested. I gave myself a budget of $15K which includes premium...

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