Haven't seen this posted here yet, but has implications for those of you using HELOCs for the purchase of rentals, or those of you using the smith manouver, etc. http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2012/06/osfi-relieves-key-mortgage-heloc-concerns.html Not sure...

A question for all you brokers (and others) out there. I am currently involved with a nonprofit looking to establish a child care centre in our area. The building that we are purchasing is being sold below the assessed value for tax purposes and while we have not had an appraisal done, the...

I will be the first to admit that I jumped into the real estate game without the proper research that REIN and Don Campbell preaches. But I do have to admit that I have been fortunate. I just sold the first rental that I purchased and while it was a solid property, it initially did not cash...

The article below explains the changes to CMHC`s TDSR calculations. Investors should take the time to see how the changes affect them. There is also a few recommendations (and I stress a few) to assist investors in obtaining insured financing going forward...

Just wondering if anyone is selling their properties to beat the deadline for the changes to CMHC financing. This would apply to SFD, duplexes, and threeplexes mostly. I have a three plex that has probably appreciated about 40% that I`m thinking of selling. It cashflows fine, but I am...

Do any landlords or property managers here use online sites for rent payments? Current processes seem to be a bit dated (ie..picking up payment, having tenants visit an office, etc). I have been snooping around but don`t really see any good CANADIAN tools.

Caveat: This assumes that all the rumours about new TDSR calculations come to fruition in April and lending institutions follow suit. It appears that the time will come where investors will once again be limited to 3-4 properties due to the new way CMHC will calculate TDSR. With this in mind...

More tomorrow, but it sounds like they are targeting investors and reeling in the use of HELOCs.  Could be problematic for investors. http://www.cbc.ca/money/story/2010/02/15/f...gage-rules.html

People always have interesting stories on how they got started with REI.  What are some of your stories on how you got started?  What were some of the early lessons that have made you successful investors?  How long have you been investing? Mine is pretty vanilla.  I was fortunate enough to...

I will be participating at an auction shortly for a mortgage sale of a property. Does anyone have any experiences with these types of auctions? Are there things that I should be aware of going in? I have checked on outstanding bills and taxes. I do know that the property is owner occupied...

Private sale. 5-plex, mix of 2brs and 1 brs tenants pay heat and hydro. Winnipeg (area is probably 2.5 out of five) Suites are all in good shape, new windows, etc Price 300K Rents 3K per month Gross monthly expenses (15% of gross rent - insurance, maintenance, property management) $465 Taxes...

For those of you investing in Manitoba, the RTB recently made an announcement regarding the inclusion of duplexes and 3-plexes in rent regulations. Up to now, landlords were free to set the rent at market rents after a tenant moved out. That "loophole" as the RTB calls it is being closed...

Hi all, Great forum. I am hoping to get some advice as to when is the right time to switch to a corporation. I have read the threads on the pros and cons to doing so. From an income and tax perspective only, when does it make sense? I now have 7 doors and will be expanding to 10 soon. I...

A quick question to the RTO gurus on the board. If a buyer backs out of a RTO agreement, does the landlord/seller keep both the option payment and the rental premium or does the rental premium get returned. Thanks.

I have been investing in real estate for the past three years here in Winnipeg and I have assembled a decent team for most of my transactions. The one link that I am truly missing is a good realtor that works well with and understands the needs of RE investors. Does anyone have any...