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  1. AndyLuchies

    St. Thomas rents?

    Hi guys, Looking for advice in the St. Thomas, Ontario area what the range is for renting out a 3 bed 2 bath semi-detached (utilities covered by tenant)? Anyone with rentals in that area feel free to drop a line or message me. Or if you'd need more info. Just looking for a range to start...
  2. AndyLuchies

    Rent To Own Organizations

    Hi all, Been investing in real estate for a while and want others to do the dirty work, lol. We're open to being a money partner in certain deals, but even better, I'm looking for Rent-to-Own organizations who set up the deals for a fee (like Home Owner Soon). Can anyone here post ones...
  3. AndyLuchies

    Excellent strategy to use your RE income to the max!

    Many investors are familiar with the Smith Maneuver, and I will outline it briefly below, but also, let`s combine that with a few other ideas that result in the best rental property cash flow strategy I`ve ever seen.(For some of you, this will be old hat, but bear with me, I`m excited about...
  4. AndyLuchies

    Investor wants no interest payments until maturity...

    I`m wondering if there is EVER a circumstance where Mr. A can loan money to Mr. B. at X% interest rate where Mr. A does NOT have to claim any interest on his taxes. For tax purposes, is ALL interest calculated yearly, regardless of loan terms? (e.g. single balloon payment at maturity or...
  5. AndyLuchies

    REIN member can`t PM people...

    Hi team, I just finished JV secrets and wanted to say thanks to Russell but can`t PM him... prior to this I`ve unsuccessfully tried to PM a few different people and most (but not all) have ended up with a error message saying something like "these people have disabled their PM status" or...
  6. AndyLuchies

    structuring private loans as JV....what!?!?!

    Thanks for coming out to hear this question, any and all ideas welcome. Here`s the deal: A) I have access to lots money from people that want decent returns on money, but not interested in real estate JVs. B) I think getting long term loans from them at a decent rate, e.g. 10%, will satisfy...
  7. AndyLuchies

    Change profile name

    I`m sure this has been asked before but I could find it on any searches. I need to change my profile name. Can I do that and retain everything else, or do I have to make a new account and start over?
  8. AndyLuchies

    credit profile: too many hits..

    Hi all, does anyone else have a problem with excellent credit history but too many hits on profile possibly dragging down your fico score? I`ve got 7 hits this year and only have a refi and one new rental property to show for it. Do banks notice if you have 3 hits in 2 days; do they recognize...
  9. AndyLuchies

    Insurance for a rental in Alberta, live in Ontario.

    Hi everyone, Usually Andy my husband posts, and I read them, but I thought I would try out a post for myself. I`m the better half in that picture there. Just kidding! I have been looking for quotes for insurance on rental property that we are buying in Alberta. We live in ontario. I have...
  10. AndyLuchies

    Do i have to meet with lawyer in person?

    I`m buying a property in Alberta, I`m from Ontario, and don`t want to have to go see my lawyer in person. Is it LAW that a person has to have a physical meeting with their lawyer to sign closing papers? I was told by my Ontario lawyer that i had to meet with him. But then i read on a lawyer`s...
  11. AndyLuchies

    alberta R E lawyer?

    Can anyone recommend a "moderately priced" real estate lawyer who`s licensed in Alberta to sign off on a cookie-cutter single-family purchase outside of edmonton? Its my first RE purchase outside of Ontario and my current team of experts isn`t equipped for my increasing scope of world domination....
  12. AndyLuchies

    Drayton Valley, Alberta?

    Hey there fellow REIN members, I`d love a few opinions from Albertans, especially REIN members, about Drayton Valley west of Edmonton. A deal has come up that cashflows well, but i`m wondering what you think about that community? I know it`s been rough in the past, but it looks like the town is...
  13. AndyLuchies

    Unique Hamilton Opportunity?

    Any Hamilton investors had a look at hamiltongrand.ca ? opportunity to buy luxury condos to participate in a communal rental pool/hotel. I was reading over the stuff, sounds interesting, would love to hear others comments on it... This seems to mirror what Donald Trump did in New York, only...
  14. AndyLuchies

    HELP! Need good RE lawyer in Hamilton, Fast.

    Anyone got a good RE lawyer they could refer who does business in the Hamilton area? I`m in the middle of a refinance on my principle residence and need a lawyer to transfer the funds in trust (or whatever the banks call it).... its pretty standard, so for this transaction I`ll also take a...
  15. AndyLuchies

    Ontario Tenant rights: getting out of lease early?

    I was reading through the Residential Tenancies Act for Ontario, and it seems to say that if I as a landlord refuse to let the tenant assign their lease to another person (either refuse to let them assign it to anyone in general, OR refuse to let them assign it to a specific candidate), then the...
  16. AndyLuchies

    Home Equity Line of Credit VS Mortgage

    I know this question has been beaten to a pulp already, but I`m looking for some added clarification. Clearly it seems that a LOC is a much better deal in many respects, but does anyone know the advantages of re-mortgaging your home for more $$$ instead of a LOC? The reason I ask this is that...
  17. AndyLuchies

    Please help me decide on job compatibility with Real Estate...

    I am currently a carpenter working long hours and disliking the work, I am also an avid Real Estate researcher (soon to be investor outside of my own home). Because of my dislike of my current job, I was trying to get an entry level position at a bank (e.g. bank teller) because I want to...
  18. AndyLuchies

    commercial investing book?

    Has anyone read this book? Comments welcome. http://realestatementor.ca/ the book is called "Commercial Real Estate Investing in Canada."
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