Hi Dhalia; Hopefully this email finds you well! I tried to sign up for your apartment building webinar - but I did not receive link from REIN :( :( :( :( If the webinar is being taped, can you send me link? Or can you send me the slides? Thanks! Mike

Email me direct - [email protected] and I will make an outreach to the mortgage specialist. Cheers, Mike

Yes. One lender in Ontario to my knowledge. Everyone else treats above fourplex as commerical. Is your REALTOR helping you with your purchase? Mike

Hello, REIN Members! I have a great, past, repeat client seeking a like-minded buyer for joint venture. Here are some details: We are looking for a joint venture partner(s) willing to acquire a multi residential property. Some items of interest and general terms would be: Property value in...

Also, just further clarification. HST can even be applicable on residential resale. I am aware of situation of a cottage deal where, based on short term rentals, it was deemed that HST WAS applicable. Devin makes reference to substantial renovation. I *believe* the percentage is 85%. I have...

Take the approach that HST is applicable to EVERY good and service in Canada. And that there are a few cases where it is exempt - such as residential re-sale. The seller is to provide a certificate regarding HST on sale. HST has a nasty time of cropping up on you every now and then - if you...

I hold several private mortgages. They can be very lucrative and a nice way to provide diversification to an established portfolio. My thoughts: 1. Have a solid understanding of the market that you are investing in. REIN Gold Mine Score Card is a good starter. 2. Don't be awed by the optics...

Some great information here. Based on my own experience, I would also make sure there is a renewal fee. So if it's a two year commitment, at end of two years, borrower pays an additional charge for privilege of renewing. Tied into that, after the initial term, I would re-set the interest rate...

For a lease, join your local landlord association. They will have the clauses that are relevant to your province. Sent from my BBB100-1 using myREINspace mobile app

Hi Cory; With all due respect, if a property is listed on MLS, the buyer agent sees what is offered to him from a co-op broker perspective. So the public sees only one part of the commission available. The listing agent commission is never known - unless you are the seller. It would be a...

I think you get what you pay for. You pay peanuts, you get monkeys. You pay a reasonable commission, every multi-res apartment expert in Ontario makes an effort to sell the listing. Seller paid me $300k and won an additional $625K over list. Thomas: you may disagree, but if I was seller, I...

I think it depends on how much interest you want to generate from the estate community. I listed a $7.9 MM property in April in Kitchener, Ontario. Commission was 4 percent with half offered to the co-operating Broker. In the 30 days, we had over 60 showings - with 13 offers - and the...

Do you have a "no smoking" clause in your lease? Perhaps try to enforce that clause? If it's a shared heating/ventilating system, file for affecting reasonable enjoyment of premises Sent from my BBB100-1 using myREINspace mobile app

Nothing is better than Ezra! This home is situated on perhaps the best student street in all of Canada! Seconds to WLU and 15,000+ students. This building comes fully rented until at least April, 2018 for large $$$. On a street with properties that are mostly owned by Wilfrid Laurier University...

$33,000+ Potential Gross Income Available Here! Turn key ! Suite was developed in 2002 utilizing industrial era (1900's) building shell. Beam and Brick construction - uber cool factor with true loft feel. Bare naked brick, exposed post and beam, high ceilings. Character abounds! This suite is an...

Attention: Renovators, Investors and First Time Home Buyers! Opportunities abound here to take this property in several directions: Renovators: utilize the existing home's shell and your skill sets to modernize this home to make money. Ideal project home. Investors: good, desirable central...

$124,000+ Annualized Gross Income Available Here! Super clean, entry level student apartment building. Seller has spent tens of thousands of dollars on recent improvements including interior, interconnecting corridor (to ensure property remains rental license exempt), new laundry room, unit...

$50,000+ Projected Gross Annual Income Recent Renovations including flooring and painting, Shows AAA Spacious Front-Back Duplex with Lots Of Common Amenity Space Steps to WLU, Easy Walk to UW, Uptown Waterloo and Waterloo Park Investor worksheet available as attachment. More Great Properties...

$20,800 Potential Annual Gross Income Available! Rented at $1740 a month, starting in September. Leased until at least the end of April, 2018. Entry level freehold (no condo fees), income property! No condo fees! Up to five student potential with rare class D2 City-approved rental license...

Rental licensed, duplexed home with upswing for savvy investor! Equipped with a rare Class D2 license for five rental bedrooms and a Class A license for three rental bedrooms, this should make for an exceptional investment for next owner. Opportunities to increase income through higher rents and...