I am contemplating selling a home or two. It is not something that I do often, therefore my question regarding the process of selecting a listing agent. There are a few discount brokers (like 3% Realty, Property Guys) who offer to save the seller a few percent on successful sale of their home...

So here is a deal I am looking at: Property includes 2 land lots with an existing 5400 square foot building on one lot that I plan to transform into 3 town homes. My expertise is renovation, project management and RE sales and or leasing. Current asking Price $300K Renovation Investment $300K...

Just wondering has anyone ever seen ads for rentals or indeed used Facebook to promote houses for rent/ sale? I know they have targeted advertising for business, and specific posts on your pages, but I was wondering if anyone had actually used Facebook with any degree of success. I am thinking...

Owning several rental properties I have had reasonable turnover in my rentals over the past 10 years. In that time, I have literally been able to turn properties over to new renters within a week, even days of receiving notice from the previous tenant. Simply placed an ad on Kijiji and wait...

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Can someone give me the pros and cons of carrying a note on a property worth $340K, when I have an underlying mortgage of $240K My mortgage payment is $1250 taxes are $150 and Insurance $150 - so $1550 total. Where the house is located, I might just break even on rent at $1500 per month...

I have an opportunity with an investor who needs to free up some cash for another deal he is working on. The property he is selling is a double lot 150x150 (2 lots not yet divided) which includes a shell for 3 townhomes on one lot, and 2nd lot is vacant land. Asking price is $300K. Lots are...

Recently had a 2 Apartment property appraised and ran into this situation. Before I start, I personally estimated my property value at $300K, but see no reason why another investor might well pay more considering my income of $2500 per month from 2 units. The appraiser comped my house with 2...

My understanding of DSL calculations is as follows. Think it was derived from Peter Kinch's book. Do banks still use this formula for loan approval, or has it changed/ House 1 Mortgage $750 rent $1200 House 2 Mortgage $750 rent $1500 House 3 Mortgage $1200 rent $1800 House 4...

Was wondering if I could get come comments on an opportunity I am looking at. Building is located in an area of reasonable growth for the next 10-15 years due to off shore development, and associated manufacturing spin offs for the town. Not to mention rental demand for the region. I...

While I realize we might not all be comparing apples to apples in terms of policies, I was hoping to get an idea of what kind of premiums people are paying across Canada for single family or 2 apartment rentals. Here is what I pay The Dominion for two typical units I own. Interested to see...

Are there any services in Canada that enable an investor to get a list of comparable sales in a given geographical area? That is, without having to trouble a real estate agent. The majority of my RE dealings are private, so I never really deal with agents. I can get an appraisal done, but I'd...

Hoping to get some direction on the structure of a rent to own deal. I read Loefflers lease book but left some gaps in the deal structure. Specifically how/why he charges monthly rent on some factor of .008-.0095 of the sell price. To be honest, the book never explains any rationale behind...

Buyer wants to offer me full price on sale with a side agreement offering a rebate of $15K for repairs and renos- plus some moving expenses. He is doing this to be able to put 20% down, using my rebate. How can we structure to saisfy my tax implication? Either get a receipt for the work...

I have a new home with a $220K debt. FMV is $295K. I'd like to offer it on lease to own. What are reasonable terms in my situation? What is reasonable cash flow to expect? Regular rents would be around $1700 per month. A mortgage on $295K at 5%, $300 taxes, and $150 insurance runs around...

Please excuse my ignorance here but when you buy / sell a new home fo you pay sales tax? Suppose I built a home, then sold it. Does the buyer pay sales tax (HST etc.)? Suppose I took the same house and rented it for 18 months. Then decided to sell it. Does the buyer pay sales tax? If...

I understand that if I build a new home with the sole purpose of reselling it then CRA will determine that I am in the business of building and selling homes and treat my profit as business income. My question is this. If I use some of the aforementioned profit to go and purchase a piece...

OK, so Annie Lennox never said plan, but I got your attention. A little background on me. Guess I am now a fully fledged real estate investor, though many of my friends still laugh at me when I tell them that is what I do. Is there a better name for it? Property Manager? Unemployed...

Hope this post is within the bounds of forum posting etiquette. I am selling a house here in Newfoundland. I orginally had the buyer interested in a rent to own situation, then asked if they might qualify for a mortgage. They indicated they qualify for $220K, but had no downpayment so never...

Can some one tell me in layman`s terms how this works Please? I substantially renovated a home (stripped to the studs) and am selling it. I understand either the buyer or builder can apply for the rebate. How does it work? Does sales tax need to be paid on the house when sold? Should I write...