QUOTE (RedlineBrett @ May 18 2010, 10:21 AM) How many consecutive months of rental income will it take you to make back the 30k? 30k is a lot if you can`t finance it. I think they look at it as buying a unit for $30k that gives income, so should be reasonable if they can finance. In case of...

QUOTE (Torey @ May 17 2010, 08:59 PM) There was a show on HGTV last night (May 16) where a house flipper did this, it supposedly cost $10k USD. That was Peter Felico show. He said floor lowering $10k. The entire basement job was $30k+.

QUOTE (kir @ May 17 2010, 02:58 PM) But, yeah..I agree older homes have more headaches in general...but other factors exists. Rooms layout is one of them as most like modern and convenient open concept. But older houses are often found in good locations and with larger rooms.

The price might be a bit high. Last year there was a grow-op 4-plex at Dupont/St. Clair listed for $350k. No viewing allowed due to health hazard. But it had 8 offers.

QUOTE (bizaro86 @ Apr 23 2010, 07:32 AM) If you locked in a 5 year mortgage in January 1978, over the life of that mortgage you would have paid much less interest. Because you`d have paid the same rate for 1978-1982. Your five year fixed rate would have been 10.32%. I have seen the case in...

4.18% now from Mortgage Alliance Network. They had 3.64% just a few weeks ago. QUOTE (luckyluciano @ Apr 7 2010, 05:37 AM) Current 5 year closed is around 4.2%. Anyone see better?

Go on-line asap and google the company. Check the complains and penalties stories.

Looks very high end. I`ve also seen a simple white Ikea kitchen in a quality remodel. That was amazing, but that was a good designer job, with mosaic tiles, hardware, large skylight, and all the nice colors. I did not like Ikea before, so that was quite an eye-opener, what a good desig can do.

My broker in Toronto just sent 3.64%.

20%. We are back negotiating. There sure will be a mortgage hold back, not an easy deal. Thank you again Thomas.

End of story. CMHC apprisal came back much lower than we unticipated.

Hamilton it is.

Following your advice, wise Tomas, thank you. "c" class in "b" class neighbourhood. Gross $62,500 We left some deal for the seller, so the selling price $428,000. Has old steam heater with asbestos, so needs furnace, also new roof, the rest will be upgrade. Still like it. And no sense to wait as...

That`s smart. I myself do not need proforma. You see the building, you "sleep on it", and you still want it. Have to buy ...

I felt the same, but taking the risk. There was a previous private deal that was half through but the buyer walked away. I contacted the mortgage broker who worked on that deal, so we should be ahead of time a bit, as CMHC has the file for this property. Class "c" building in "b"-class...

One of our condition was 3 previous financial docs, but they signed back, so they provide only previous year. I know commercial lenders require 3 years. The question now: will it be doable to finance ?

Need help to finance 8-plex asap. Seller will provide last year only financial docs, that I believe will be a problem. Any sugestions or mortgage broker around Hamilton who would do the deal ? Thank you in advance. Larysa.

Those should be pre-ordered. In Lowe`s, you just walk in and pick up. Limited choice though. I thought of some similar, warehouse may be.

What are the good places to buy pre-assembled cabinets ? One I know is Lowe`s. Any else in Ontario ?

And I recently found The Spectactor newspaper from Feb 1950 while renovating. Hamilton Mountan bungalo's are advertised at around $6,000. They are from 210k now. QUOTE (ThomasBeyer @ Mar 10 2010, 08:21 PM) if you had bought a house in Calgary in the 60's for $40,000 .. but really it was...