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  1. Brik8

    1st LOC on a paid for building

    Looking for a little input on this... I have a 5 plex right now that is mortgage free. The assessed proprty value is 240,000. I am trying to secure a 15% down payment for a 6 plex that I have an accepted offer on by getting a LOC on the 5 plex. I`ve been to a 2 banks and the best I can find...
  2. Brik8

    Excited to attend ACRES Ontario!

    I just registered for ACRES Ontario on April 17, 18, 19 & I can hardly contain myself... I have been reading posts on this forum on how good this program is and when I heard that REIN team was comming to Ontario I had to book. This will mean quite a trip as I live over 4 hrs away, but I...
  3. Brik8

    5 Plex In Ontario - Deal or no Deal?

    I have a new opportunity that I`m interested in, but looking for some seasoned expert advice on this. A 5 plex has been put up for sale privatly for $480,000 INCOME Rent $4,375/mth for all units combined tennants pay their own utilities. All is fully rented. EXPENSE Utilities...
  4. Brik8

    Any way around the 25% down

    I am looking at purchasing my second income property....but I seem to have run into a wall with the 25% down payment. I currently own a duplex (which I live in one unit) that I just purchased this summer, therefore virtually no equity in it yet. I do have some vacant land (free and clear) that...
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