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    Man Buys Condo For $57 Million

    QUOTE (MikeMcCrae @ Oct 21 2009, 02:24 PM) And people say property values just can`t go up any higher! lol
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    Mortgage Option

    Great thread!
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    Couple Builds a $400,000 home for $175,000

    Would be interested to see the finished product.
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    Usual wear and tear - does stained carpet qualify?

    QUOTE (thomasbeyer2000 @ Aug 21 2009, 05:56 PM) Would woudl it cost to re-rent it and get a decent tenant ? If a professional cleaning can`t repair it .. deduct what it would cost to replace the carpet in that room / area .. so $1500 may the right deduction .. or even more .. i.e.send them a...
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    I have to get this off my chest

    Great rant:)
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    1st Time Home buyer choosing to Invest

    QUOTE (RobMacdonald @ Aug 7 2009, 01:29 PM) Hi Greatful, Don`t let the areas on my website turn you away. I actually work with clients right across BC and even through Alberta. If you`d like to drop me an email offline, please do, I would be happy to discuss some options with you. Technology...
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    I feel so HORRIBLE about this !

    QUOTE (invst4profit @ Aug 6 2009, 08:11 PM) One or two inconsistencies may be legitimate but my opinion is you were definitely getting strung along. You made the right decision. When dealing with an application that has so many problems and the applicant has a reason, excuse, for every one but...
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    1st Time Home buyer choosing to Invest

    QUOTE (coinebro @ Aug 4 2009, 07:47 AM) Greatful you can call me at 250-981-1378 if you have any questions you want to discuss. Martin Krell is who I use in town. Awesome Coinbro, very much appreciated. Might have to buy you lunch at Timmies sometime!:)
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    1st Time Home buyer choosing to Invest

    QUOTE (invst4profit @ Aug 3 2009, 08:17 PM) $3000/month would not be terrible on a $300,000 investment but don`t count your chickens before they are hatched. Anything could happen preventing the additional income. Work with the $2300 as a base to analise this deal not $3000. The deal has to...
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    Tenant is dealing with drugs....

    QUOTE (NorthernAlex @ Aug 3 2009, 08:58 AM) Greatful: Maybe he is not dangerous and maybe a nice guy, but there is also his girl friend. She is a real trouble maker. Complaining, shouting, swearing aso. ... I just don`t want to drop the quality of living for the other parties. I also had some...
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    1st Time Home buyer choosing to Invest

    QUOTE (RobMacdonald @ Jun 24 2009, 09:38 PM) Are you working with a banker that has experience investing in real estate? How will this purchase affect your future plans to invest in real estate. If this taps out your debt servicing, what is your next move? If you`d like some assistance, feel...
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    1st Time Home buyer choosing to Invest

    QUOTE (invst4profit @ Jun 22 2009, 06:03 AM) Your numbers for expenses have left out many costs and are far too low for repairs. You will not likely see any positive cash flow on this property. Hey Invst4profit! Your right, I have left out many costs from my initial post. Here is a much more...
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    1st Time Home buyer choosing to Invest

    QUOTE (coinebro @ Jun 21 2009, 11:18 PM) I live in Prince George as well and that sounds pretty high. Where is it located? I agree with the previous posters. We pay a higher CMHC premium when we buy as a rental, but it is worth it to build an ethical business. I can hook you up with a broker in...
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    1st Time Home buyer choosing to Invest

    QUOTE (MitchCollins @ Jun 21 2009, 10:29 PM) Hello; Have you considered just purchasing the duplex and living in half of it? If the property is 1 building - meaning that is not seperately titled, then you may be totally legal with this purchase. In fact, this is how I got my start - our first...
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    Tenant is dealing with drugs....

    Doesn`t sound like he is a danger to your other tenants. Still, the high amount of traffic is unfair to other neighbors.
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    Cracks in a cement foundation!

    Some great points guys....as usual. It`s a 2 story(1 1/2 above ground. I will definitely get a professional to look at this before pursuing this property any further. Thanks again!
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    Cracks in a cement foundation!

    What do you fellow investors think of cracks in a cement foundation? Is one or two minor cracks acceptable and just take the attitude that they can be fixed if minor enough and no big whoop, or do you take the stance of "not touching that with a 10 foot pole" type attitude no matter how big or...
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    How long does one have to reside in residence?

    Thnaks guys!:) The thing is, I`m not sure how long I want to live there just yet. The only thing I know is that I want to obtain a second property as soon as possible. If things go smooth right from the get go I will begin to search for a second property probly immedietely...property hunting is...
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    What are the benefits of becoming an online REIN member?

    Thanks Gary! I actually found what I was looking for in your link "realestateventures". Thanks a billion:)
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