Rent to Own tenants need to qualify for a mortgage when the option term is up and they are ready to buy the property from you. Some of them have little or bad credit history. So how do you prepare your tenant`s credit? In the past, it was easier. Prior to the credit crunch of 2008, I helped...

Renters ... we, the landlords, need them because without them our business has little purpose. Having performed hundreds of analytical exercises over years, I must say that the mindset of a tenant vs. that of a homeowner is phenomenally different on the aggregate. Even at the same Beacon...

Periodically I notice re-occurring questions about the impact on this and other investor sites. As somebody with 14 years of experience in credit risk management, I thought I would write something that will hopefully clarify what impact inquiries have on credit file and Beacon score. Every...

Hi! If anybody knows a good licensed electrician in Kitchener, I would really appreciate the referral. Thanks. Oleg

I invest in South Western Ontario. I have been working on a few deals - a townhouse complex and a 9-plex. In the deal summary for the potential JV partner, I set the appreciation rate at 5% per year for 5 years. However, given the thread of events from federal government changes to the...

Hamilton is one of the best places in Ontario to invest in. I know many people on this forum do just that. Until now I have bought a number of triplexes and quads (not in Hamilton). Searching for a similar property in Hamilton for the last 12 months, I realized that there are only 27(!)...

Hello Ontario landlords! Does anybody know what the law actually states in the case of a tenant wanting to move out 6 months into their 12-months lease, and serving me a 30 day notice. I see two violations : a) technically they owe me another 6 months of rents, b) they have to pay me for...

I am working on purchasing my next property now. The insurance agent I have been using advised me that I would be moved to a commercial policy, which can be considerably more expensive. Can anyone recommend a cost-reduction appoach? Is commercial rate much higher? Should I contact a different...

There has been a number of threads in this forum asking about Commercial Real Estate training. I have been looking for an affordable, yet informative course, and here is what I found. It is with Markus Group. They will be doing a 1-day seminar on February 22. I believe the location is in...

Last year I purchased 2 properties with my first JV partner. He uses his personal line of credit to finance the downpayment and closing costs. The first one is a single-family home with littel cash flow. Hence, we agreed to leave all cash flow in the account for 12 months, and that he will be...

HI All, I met an accredited investor, who wants to do some joint venturing. Does the fact that he is an accredited investor add any layers in terms of due diligence that I have to do on him? Also, does it add any complexity as far as Securities law is concerned? I understand that...

I was wondering whether posting a newspaper ad and asking if somebody is interested in using their RRSPs as 2nd mortgages would be an issue with the Securities Commission? Anybody has any knowledge on this subject? Thanks. Oleg

I would really appreciate it, if somebody could put me in touch with a good property inspector in Brantford. I made an offer on a 4-plex, had it accepted, and now need to set up an inspection. Thank you. Oleg

I am currently looking at 2 townhouses in Hamilton. Never bought condos for rental purposes before. One of the most important issues, as I understand, is the health of the condo corporation`s reserve fund. I can request a copy of it, but truthfully I am not sure I will be able to understand...

Hi All! I am working on a deal in one of the Ontario Top 10 towns. This property needs a lot of work, but it is all cosmetic. Would it be legal to ask for vacant possession for the purpose of completing the necessary work? Of course, after completing the work, I would re-fill the units at...