Aneta, We do 2-3 of these ‘Buy-N-Lease back’ per months so here’s the skinny: Perfectly legal – if you need Lease or option agreements please let me know and I will provide them for you to keep you out of trouble. Set it up like a normal LTO deal i.e. the tenants have to go through the normal...

20% Down will clearly impact how investors view LTO/RTO deals as it gives the impression of stunting the ROI cash-on-cash return however they are still GREAT deals. Much re-education needs to be done to ensure investors don`t panic (as we all know Canadian investors do so incredibly well) over a...

I heard on the news this morning (Monday December 21st) the Government is planning on sticking its nose into your home lending/borrowing habits again by legislating mandatory deposit percentage on all home purchases, new and preoccupied...Anyone know what that "mandatory deposit %” is proposed...

Bradford "was" a quiet investment boom town... I`ve been grabbing everything i can there for the last 3 years and rentals are off the charts. Now...Not so quiet (Thanks Don ) and still very much a student rental boom town. Philip

First rule of business...Keep it about business The tenant knows this eviction is coming and if you don`t process it ASAP then guess how late January`s money is going to be! I am not suggesting you be mean about it but this has to happen now. Typically my first step it to communicate with the...

QUOTE (CarlaJohnson @ Nov 29 2009, 07:04 PM) The times they are a changin`. The "Sell" now takes place online, unlike the past where it took place during the visit. Here is the latest technology for online RE ads... Virtual Staging. It`s pretty cool, but needs to be used openly so sellers...

Is it not a clause in your lease that ALL pets require pre-approval? I personally would not allow this into a rental property...just my two cents.

QUOTE (housingrental @ Nov 24 2009, 03:46 PM) Hi Phillip Email me with what city the property is located in Depending on where it is I might be able to recommend a few companies The property is in Oakville...any assistance is appreciated as I`m having a heck of a time finding `quality`. Philip

Any recommendations for someone to repair a substantial basement wall crack?

QUOTE (AndyLuchies @ Nov 20 2009, 09:23 PM) "do something below market value, which protects our interests better and gives the tenant added motivation to buy at the end, plus a greater buffer if the fixed appreciation model is more aggressive than the actual market (i.e. given that it started...

Lets be VERY clear...the Below market price is specifically negotiated so that the LTO tenant can buy the property back at the end of term with the near equivalent discount...Our specific point is to ensure when they (LTO) approach the bank they are doing so with a price below MV....we still...

QUOTE (GaryMcGowan @ Nov 20 2009, 07:03 PM) Sounds good Philip, btw 99.5% of what? What number would give 100%?!! Sounds like you have a good system but someone taught me to ask "What is behind the curtain" !! LOL...I should have been more clear, sorry Gary...we do on average 250 (or so) LTO...

QUOTE (GaryMcGowan @ Nov 20 2009, 06:06 PM) I have been approached by a RTO company here in Toronto to do this scenario a few times. However after attending the Edmonton Ron Legrand event I`m now deeply turned off of the idea. I understand each situation is different; The message from the stage...

QUOTE (tbarcier @ Nov 20 2009, 05:35 PM) I have the opportunity to do one right now. I`m just unsure of how to go about it the proper way. Hi Thomas, Email or call me and we can work out a JV on this one. 1.888.433.6065 Philip

Is anyone else doing a ‘Sell & Rent Back’ program for motivated sellers ? (i.e. we (an investor) buy their property at deeply discounted price from the seller and lease-to-own it back to them). We also pay for credit repair during the term of the lease. We’re doing about 4 a month and I’ve...

Hi Ben, Here are the minimum each of our LTO applicants much have... 1. Must be an applicant and a co applicant (don’t care if they are married, friends, brother and sister...we need two people on the app) 2. Two years sustained employment at the same place (we check) 3...

Excellent article Thomas...!!! Philip

QUOTE (WJW @ Oct 28 2009, 03:01 PM) I took her course last year, and being a realtor found it to be the best course I`ve taken with regards to the continuing educational courses offered to realtors in Ontario. You will get a lot of information...what you can and can`t do as a landlord and...

I`ll suggest capital is not going to be your limiting factor at the moment...experience and knowledge will be. You’re on the right track though, you’re asking questions and you’re a part of REIN...two very good moves for new investors. Put yourself out there to work for or with a seasoned...

I noticed she is doing her $99 "A Landlord`s Rights & Obligations" program (same one she gives to Ontario Realtors) next month...has anyone attended one of these?? I hear she`s good but would like some feedback before I invest the time (full day).