My preference is always to refinance whenever possible, and where it makes sense cash flow wise on the refinanced properties, rather than only use the a secure LOC against each property. Especially if you a truly committed to buying the third property.
Good Luck,
Quentin
I would hookup with Jeff Woods in the Niagara Area.
Jeff Woods,
Woods&mazzulla properties
www.wamproperties.com
My other suggestion is that you pickup Julie Broad's new book "More Than Cashflow"
Take Care a nd Good Luck,
Quentin
Not sure why - but I can't seem to add a post to the following discussion.
http://myreinspace.com/rein_members_only/Ask_An_Expert/82-26852-132421-How_should_I_structure_this_deal_properly_for_a_refi.html#132421
Any reason for this?
Thanks
Quentin
Hello All,
Let's balance the playing field and end the rent games. We need you to
support the lobby to amend the Residential Tenancies Act and change the
rules for filing appeals. Thank you if have already supported the
campaign.
Few landlords realize they could easily find themselves...
Hi Susan,
Pickering is the easiest of the three you mentioned. You can check out my REIN presentation if you subscribe to the newsletter on my web site and I think there is still a copy in the downloads section of the REIN site - February 2012.
I put in a lot of local stats and...
Hi All - My brother in law is going back to school to Teachers College
at Queens University in Kingston. He is looking for something within
walking distance of the university. He is married, owns his home and
has a established job history. He is looking for something for
September 1, 2012...
December 6, 2011 1:00 PM
McGuinty Government Proposes To Stabilize Rent Increase Guideline To Protect Tenants
Legislation to be introduced today would, if passed, ensure that the annual Rent Increase
Guideline is capped at 2.5 per cent to protect
tenants and families.
The
proposed...
Hi All,
I wanted to find out if anyone had every used a Power of Attorney in order to secure a property when a seller has no equity in their property instead of using an AFS. I had heard about other investors that are using this method but wanted to learn more about it.
Has anyone used...