Hey all. Had a question regarding debt service ratio and the changes that were made back in April, 2010. I current own a property in Kitchener which was purchased last year for $324,000 with 5% down and has a current outstanding balance of $313.5K. It's owner occupied, and it is a rental...

Just an update. My tenants issued me a check in the amount of first and last month`s rent. I cashed, and there was no issues. My question is: When is it necessary to have a group of tenants require a Guarantor? It just so happens that my tenant`s are U of W students. As there first and last...

Hello to all. So to all those who were aware that I had my first rental property up for rent, I have a signed legitimate lease agreement in place. Up until about 45 minutes ago, everything was going along quite smoothly. DISCLAIMER: I am NOT racist, and the following information is being...

Hi again guys. I have at least 4 groups/individual tenants interested in the property I recently acquired a few weeks ago. I have 2 interviews scheduled tomorrow, and I have already accomplished 2 previous interviews. I have 1 fully-detailed rental application, and one semi-detailed...

Ok. I will spare you all the long-winded conversation and scrutinous qualification process necessary to even receive a quote through Belair Direct. I thought it convient to go through my Auto Insurance provider in attempts to save a couple bucks by amalgamating my bills. Boy was I wrong! After...

Information to be provided by landlord 11. (1) If a tenancy agreement is entered into, the landlord shall provide to the tenant information relating to the rights and responsibilities of landlords and tenants, the role of the Board and how to contact the Board. 2006, c. 17, s. 11 (1). Form...

I recently purchased a home in KW. It is a legal duplex, about 30-40 years of age. The only deficiency the inspector found is the roof. Has roughly 2-3 years life expectancy. I am looking at rougly $3000+ for 25 year asphalt shingles + labour. Currently it has no tenants. Now understand that...

The thought came to my head and I wondered - how many of you do RE investing full-time? That is, how many of you solely rely on RE investing as your primary means of income? If you choose to work a 9-5 or part-time for entertainment purposes, that is not applicable. If you do not rely on RE...

Hey guys, Where is the best place to purchase a lease application form for an Ontario lease? I know that my local Rental Association(WRAMA) provides them, so I am leaning towards becoming a paid member(several benefits, above and beyond simply the lease form). Just wondering if there is...

Been quite some time since I last posted. My knowledge of market conditions and general investing has increased ten-fold. I have learned alot in the last few months about mortgages/rental properties that I didn`t know about a few months ago. This will be my first acquisition. That being said, it...

Hi there, My name is Tristan, and I am a first time poster. I have been frequenting these forums for a few months now. I have been intrigued by the proposition of investing in real estate for quite some time, and it seems now would be the most advantageous time to invest. I`m currently reading...