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  1. J

    How to sell a property

    I`m looking for websites where I can list and sell a property privately. The property is in Malton, Ontario, Canada. What sites would you recommend? Are there any free-to-use websites? Thank you.
  2. J

    Bathroom fixes...

    QUOTE (mark186 @ Apr 7 2010, 03:53 PM) Are you looking at gettingthe tub covered or reglazed? I did a reno last year and the existing tub was 4` not the standard 5`. After looking around and finding that 4` tubs were exceeding expensive and determining from the layout of the washroom that that...
  3. J

    Bathroom fixes...

    QUOTE (REINteam @ Apr 7 2010, 12:29 PM) Hi Joe...definitely been a long time! The cost was very similar to what Monte quoted...and it was the same company - bathfitter. I don`t have the exact price she paid, but it was right in the $3000-$4000 mark, closer to $3000 if I remember correctly. So...
  4. J

    Bathroom fixes...

    QUOTE (REINteam @ Apr 6 2010, 01:43 PM) How goes it Joe?? My mother in law just did this, bath tub cover thing. Personally I thought the price was pretty hefty for what it was, but they ended up doing a great job and it looks 1000X better, very clean, in and out in a day. I can get back to you...
  5. J

    Bathroom fixes...

    I need to update one of my apartments. There are these companies who cover the existing tub. Has anyone had any experience with this wether this is a good or bad option? There doesn`t appear to be any mold issues, only lots of dirty grout and an old/ugly tub. Also, would you recommend a...
  6. J

    US money

    Good day, just a general question. What indicators do you look for to let you know if the US/Canadian exchange rate is going to improve or get worse in the next 3 months?
  7. J

    6 plex with residential rates...I was told it couldnt be done

    I also got my refinancing through RBC. They offered the best rate and payment options. I think they are really trying to be aggresive in attaining mortgage business. Ironically, up until I spoke with the mortgage broker at RBC, which came as a recommendation from a friend, I hated dealing with...
  8. J

    Home Line of Credit

    QUOTE (thomasbeyer2000 @ Oct 20 2009, 06:48 PM) True .. in theory .. rarely will banks do that .. so it is important to "use" the LOC once in a while. Say, the LOC is $100,000. Write a cheque once in a while for various amounts, say $22,000 .. then pay it back a few days later .. then $35,000...
  9. J

    Mortgage Option

    QUOTE (Millions @ Oct 18 2009, 03:39 AM) I always thought at the end of 5 years, when it comes time to renew, you just select a new rate and continue on...Do you actually have to re-qualify? Matt If the market is in a recession and the value of the property is less than the mortgage amount...
  10. J

    Mortgage Option

    QUOTE (Millions @ Oct 17 2009, 01:04 AM) haha, yes lots to think about...I always loved the notion of investing and learning all about it but maybe its just the market but its got me thinking a little differently lately. I bought a couple properties in 2007 and 2008. I put a total of 75K down...
  11. J

    Mortgage Option

    QUOTE (Millions @ Oct 15 2009, 10:32 PM) Are many investments a safe bet at 10%? I know many older boomers who invested in mutual funds and rrsp's and have lost everything....$100,000 or more some of them are out because if faulty investors throwing at real estate projects, stocks, etc... I...
  12. J

    Home Line of Credit

    QUOTE (paulrduchesne @ Oct 14 2009, 10:37 PM) Awesome. I`m beginning to understand. If I didn`t get my mortgage through the bank, but through a broker/lender, is this still possible? .. or does everything have to be through the bank? The money still comes from a bank. Brokers do alot of work...
  13. J

    Mortgage Option

    QUOTE (invst4profit @ Oct 14 2009, 07:00 PM) If you had a million dollars would you pay off a mortgage saving you 2,3,5% or would you invest it at 10, 15, 20% ? Let the tenants pay the mortgage for 30 years and make your money earn it`s keep invested at the highest return possible. Why be...
  14. J

    Home Line of Credit

    QUOTE (holymoly @ Oct 14 2009, 01:03 PM) That site says, about a LOC: "it can be up to 75% or even 80% of the value of your property, behind a mortgage." I`m a bit confused. Is this referring to the fact that you can get a secured LOC for up to that percentage of the value of your home? (I have...
  15. J

    Mortgage Option

    QUOTE (gwasser @ Oct 13 2009, 02:52 PM) Hi Paul, My response maybe slightly different from previous posts. This probably because of the skimpy data provided. First of all, it sounds like you bought your personal residence and use renters to help cover the bill rather than an investment...
  16. J

    Home Line of Credit

    QUOTE (paulrduchesne @ Oct 14 2009, 09:10 AM) Hey everyone, me again. I`m sure this question has been answered a million times on this forum, but I`ll ask it again.. Why is having a HLOC so much better than having a standard mortgage? Well, the way your wording it, your talking about 2...
  17. J

    Oh man! :(

    QUOTE (invst4profit @ Oct 12 2009, 01:58 PM) If in fact you do see any positive cash flow it would be best if you save every dollar in your emergency fund rather than lock it up in the mortgage..Paying down a mortgage to save 2% is not money well invested. Your savings will then carry you...
  18. J

    Oh man! :(

    QUOTE (investmart @ Oct 12 2009, 12:50 PM) Exactly! that`s the biggest issue buying little positive cash flow properties. If your really worried...use some of the positive cashflow towards the principal. There`s nothing wrong with paying down debt. Your using your cashflow to create...
  19. J

    I finally took the plunge in my 2nd year of membership

    QUOTE (RosePellar @ Aug 19 2009, 11:30 AM) Hi Don, Russell and staff: I just wanted you to know that I have just finally acquired a property in Barrie, Ontario. It closes on August 28th. I also want to tell you if I had not been connected to REIN I might have thrown the towel in before I...
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