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I agree with Mike, spend a little more and buy something `clean`..remediation or not, that house will pose problems down the road..you will never get all the mold out of it..mold will just keep building..I woudnt want to be responsible for destroying someones health just to save a buck.

give it time, the same stuff was being said about the US as late as 07, look where they are now..RE prices are out of wack compared to income..debt has become a huge burden..I know people who cant leave their house because of household debt..eventually this will hit very hard. Wishfull thinkers...

Run from a grow-op, in most cases even the framing has mold embeded in it..not worth it at all..

QUOTE (invst4profit @ Jun 11 2009, 09:19 AM) This is not about leverage it is about attribution of income.Throwing money at a bad deal does not make it a good deal. The fact is income on a investment property comes from two sources. First is the property itself determined by price and rent. The...

QUOTE (invst4profit @ Jun 10 2009, 11:03 AM) The idea with investment properties is to not put a lot of your own money into a deal. If a large down payment is required to make a property work, or be approved for a mortgage, then it is not a good deal. 40% down is a high premium to pay for a...

QUOTE (CanadianMortgageTeam @ Jun 10 2009, 10:21 AM) Student housing has always been tough to finance, and is just getting harder. In the past, we`ve financed them only through subprime or private lenders at posted plus rates, with fees. I have heard that RBC may finance them in certain...

QUOTE (invst4profit @ May 31 2009, 07:44 PM) I believe what we may be seeing is a dead cat bounce in TO real estate. These buyers will soon realise they were caught up in the frenzy and overpaid for a property that in a few years they may be forced to walk away from. Stupid is as stupid does...

QUOTE (GarthChapman @ May 21 2009, 03:01 PM) But your stocks are not leveraged, and your revenue properties are, normally by a 5 to 1 ratio by virtue of 80% mortgage financing. So your return in Real Estate is on the 20% you put down plus closing and initial capital costs. So divide the returns...

QUOTE (JoefromTO @ Apr 30 2009, 04:59 PM) What I care about are the potential jobs lost. As for the products made by the 3 big manufacturers...they have never been reliable. Ok there is the odd person who has had a Ford or Chrysler this or that, but overall they have the reputation for being...

QUOTE (nepoez @ Apr 13 2009, 05:52 PM) Could someone explain to me why the penalty gets to become 14k? I would like to know as well, I sold a property back in May 08, broke a 5 year fixed term after only 8 months..I was charged 3 months interest + admin costs of $200..I have heard people being...

QUOTE (Mike56 @ Apr 4 2009, 07:41 PM) I would say that Garth Turner is way out of line with his estimate. The main factor that will drive interest rates will be the price paid for US securities. Now US securities can not afford to rise by more than two to three percent over the next three years...

Interest rates can very easily hit 11%. They hit 18% or so back in the late 80s. What`s so hard to believe? Many people believe that we are in a rougher situation now then we were back then..the only thing to put us over unanimously would be the interest rate..I agree with Turner, it`s...

I`m sure you can if your finances are good..but whats the rush?

thanks, ok so in many cases it looks like a 6plex would be considered commercial..what % of financing would they provide for this type of investment..in general.

what type of dwelling is considered commercial? is a triplex commercial or a 10 plex, just wondering at what stage residential crosses over to commercial. thanks

if you have a boiler system then you must get another boiler to replace it, unless you want to completely renovate the hvac system in the building, which of course is very expensive and there is no point to it. Boiler systems are more efficient as well over a forced gas furnace, and yes, if you...

thermostats are going to do didly, the bottom line is that electric BB heaters take alot longer to heat up an area then a gas forced furnace, so therefore they consume alot of hydro. Take it from a guy who works in the trade.

stay away from electrical heat, they are poor for providing heat..especially baseboards since they arent forced..I would do a conversion to NG forced furnace..I know people paying $400-500/monthly just to heat their own residence in the winter..never mind about multi unit.

I saw his interview as well, he has alot of good points...hard times are ahead, no doubt..the credit bubble has exploded. take a look http://www.thestar.com/Business/article/590078

How do you find a GREAT Realtor?, That is a question many ask. they exsist? realtors dont sell homes, homes and mls sell homes. Realtors are just a middle man that dont need to be there to begin with, there is nothing a realtor does that an average person cant do on their own, if you are an...