Thanks for the replies! Well, I spoke with the City of Barrie today and it looks like I would only be able to rent out 4 of the bedrooms even if I lived in the unit. Which is too bad because the property won`t cashflow with only 4 rooms. That 5th room would have been where the money is coming...

I am looking at purchasing a student rental in Barrie.. I want to purchase a 6 bedroom and I was wondering how many I am legally allow to rent out to students ( one bedroom each ) IF I live in the house. I would have my own bedroom and share a common room with some of the students. I will be...

I just came across this website the other day on success and I have been on it everyday since then! Alot of value on here, check out the motivation section first. I think you will all be able to get some good inspiration and information from it! http://www.mycomeup.com/web/

QUOTE (ThomasBeyer @ Sep 22 2010, 04:57 PM) 1) Ensure that rents, vacancies and expenses are ACTUAL (based on 2 or better 3 years of documentation) 2) Ensure that you know what major items, if any, have to be fixed (roof, boiler, hallway carpets, ..) 3) Knowing these two items know if the...

Hey everyone, my brother and I are looking at purchasing a 4 plex in Ontario and I was wondering what all I should be looking into? There`s obviously the financials and general condition of the building but is there any other important factors people might not consider when purchasing a 4 plex...

I`ve been working construction for the past couple of years saving money for my first real estate purchase. I make really good money for my age but I don`t wanna be doing this type of work forever. I`m only 20 and have always been interested in finance but haven`t been able to think of another...

QUOTE (CarrieKoch @ Jul 20 2010, 09:51 PM) Sorry, I don`t know of any at this time. I bought 2 this year in Orillia, both from REIN members...so you definitely came to the right place. Good luck ! And if you need any tips or insight on Orillia or Barrie ask away. Alright, good to know...

Sorry if this is in the wrong forum, not sure where else to put it. I am looking at purchasing my first investment property and will have a few weeks off during the month of August and wanted to take a look at some cash flowing properties around Orillia or Barrie (preferably Orillia). If anybody...

That`s too bad for me I guess! But thanks for the answers

Hey everyone, so I was just a little confused on these new mortgage rules... It says you need 20% down for investment properties, now is this just through banks? or can I still go through a mortgage broker to find me something for 5% down. ? Thanks in advance

Anyone who has been to a rich dad seminar will definitely relate to this video. http://www.cbc.ca/marketplace/2010/road_to...h_dad/main.html

From what I`ve read on this forum (no personal experience), it sounds as if Ethical Property Management is the way to go in the Orillia area. I have not dealt with them personally, but I`ve heard good things. Just my two cents, thought I`d add since there has been no other responses. Here is...

Thanks for the opinions and no I`m making 4 grand a month, grossed $28,000. $1600 is the maximum you can get on EI.. and by "enough money" I mean enough for a down payment and closing costs and thanks for the encouragement Michael, I`m not gonna let anyone stop me. Thanks!

I`m 19 years old and moved out west 6 months ago from Ontario to save up money to purchase my first investment property. I`ve got enough money saved up now and am ready to start looking at houses back in Ontario except that I am getting laid off next week and will be getting EI (employment...

My bad I can`t get PM`s but my email is... Cailanknight @ gmail . com

I`m interested in purchasing income properties in Orillia.. anyone selling in this area? Send me a pm, thanks

Thanks for the response... I`ll throw this deal out the window lol

I`ve been looking at buying property I found for what I think is a good price. But am not too sure of the area it`s in, considering I havent been to Hamilton much. The property is on a little street called Century st, which is a few blocks from the Hamilton General Hospital. Major streets in...

Thanks a lot for all the information! Helped a lot, I will keep everyone updated as too what happens.

Hi, this is my first post here and I was just looking for some information on turning a duplex(that used to be a triplex) back into a triplex. I`m 19 years old and I am looking at my first investment property and came across a duplex that used to be a triplex but was converted back into a...