Hi everyone, I am looking at purchasing an up/down duplex bungalow style for $190000. It needs about $40000 in renos, after which it can rent for $800 down and $1K up. Coming up with the 20% downpayment is going to be a challenge. I hope to use the equity from my current primary residence...

I was hoping I could get your thoughts on this 'strategy'. After 4 complete years into my 35 yr mortgage, I am considering my options for renewing next year. My inlaw suite rents for $700 per month. My current mortgage is about $800 per month ($1100 with property taxes). I am considering...

I am becoming more and more aware of people who are growing medical marijuana legally by way of government permitting/licensing/approval. If a tenant is seeking to do this, and asks your permission (apparently there is a requirement for the homeowner to sign if the applicant is renting the...

I am looking for advice on how to deal with having the 2 electrical panels of a duplex located in one of the apartments. If a breaker needs to be re-set on the electrical panel of the apartment in which the panels are not located, how can I ensure I can have access to the panel without giving...

Just curious, do many of you provide washer and dryer in any of your properties? Not coin operated, just the regular ones. I provide it in one of my properties. I am buying a duplex and wondering if I should provide them or not....hmmmm.

If your tenant causes a fire that burns down your property (or causes other less major damage), who`s insurance covers it? I thought it was not possible to have my policy cover it. I thought this is something that we require of tenants. This is what I was told by my insurance company, but...

I am potentially moving out of my current home which has a legal basement suite. If I move out, am I supposed to report this to the bank? Also, will my insurance premium be increased on my mortgage? I know this is a question for the lender, which I will ask, but I wanted to get some of your...

Hi everyone. I am close to finalizing a deal on a duplex that will cash flow either $220, $340 or $430 depending on whether or not I amortize 25, 30 or 35 years, respectively. I can`t decide what amortization I want. What factors influence this decision? Are there some hard and fast rules...

Hi everyone, I could use some advice here. Up until a couple of years ago my personal finances were were pretty easy to deal with. But since then, I have bought an investment property and now contribute to an insurance plan through Sunlife. Okay, well maybe it still isn`t all that...

Hi, I am wondering how the amount of down payment should be considered in deciding whether or not to purchase an investment property. For instance, is it more economically acceptable to buy a low cash flow property with zero down compared to buying the same property with money down? I think...