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Recent content by tbarcier

  1. tbarcier

    How to Verify Income of Potential Tenant on Disability

    They receive statements of benefits. Ask for a copy.
  2. tbarcier

    Flaherty to toughen mortgage rules, investment properties targeted

    20% down payment on investment properties. Ouch!
  3. tbarcier

    Excellent strategy to use your RE income to the max!

    It`s called cash damming. CRA has a section about this. http://www.cra-arc.gc.ca/E/pub/tp/it533/it...html#P144_15954.
  4. tbarcier

    Kingston Cap Rates/Market

    Sure no problem, send me an email [email protected]
  5. tbarcier

    A horde of hungry investors lined up for hours in the rain and slept outside overnight to ensure prime lineup positions.

    QUOTE (housedoc @ Nov 30 2009, 08:30 AM) It was ONLY for realtors. And the media, of course. Well played by X2. Oh really? It was never stated that it was only for realtors in the storys I read. Makes me feel better.
  6. tbarcier

    A horde of hungry investors lined up for hours in the rain and slept outside overnight to ensure prime lineup positions.

    This happened in Toronto recently as well, only it got ugly. There were two lineups formed and when one of those lines was told it was invalid, oh boy! It was mostly realtors trying to snatch them up and geez were they mad! It even got physical...
  7. tbarcier

    What are you finding for properties...........

    I have the same rate (minus .6) on the same amount (130,000) on a 35 year amo. and my payments are 406. So I don`t get what you are saying. Are you really on drugs? If you are a Doc I guess you could prescribe some good stuff eh?
  8. tbarcier

    I saw this in a Lease - legit?

    QUOTE (invst4profit @ Nov 24 2009, 10:02 AM) In Ontario you may include any thing you want in the lease agreement BUT only guidelines found within the RTA are enforced by the LTB. If something is not specifically stated in the RTA tenants may ignore anything in the lease they may have agreed...
  9. tbarcier

    I saw this in a Lease - legit?

    What did you want to know? Can you evict if they don`t do this, no you can`t. I would be nice if they did turn the lights off if you are paying for it though.
  10. tbarcier

    I saw this in a Lease - legit?

    The wording is a bit confusing. Does it mean you have to register you pet with the landlord? I want to think they mean registered with the city ie: licence? "Disposed of according to the law" under what authority? I`m assuming they would call by-law otherwise they could be in trouble. Good luck...
  11. tbarcier

    Kingston Cap Rates/Market

    There are little pocket areas to stay away from for sure, however for this type of property you will be limited to certain areas of the city. Is there a specific building you have in mind already? If you would like PM me your contact details and i`ll be happy to discuss the city with you.
  12. tbarcier

    Kingston Cap Rates/Market

    In the 60`s to 70`s per door is what you would expect to pay to purchase a 15 to 20 unit building in Kingston. That is based on recent sales.
  13. tbarcier

    Kingston Cap Rates/Market

    Between 60`s - 70`s per door.
  14. tbarcier

    Sell Rent Back

    QUOTE (tonypeters @ Nov 20 2009, 07:18 PM) How do you think I know this? I am aware of a number of (legal) case studies that involved this exact strategy. Everything is fine until things go sideways. In almost EVERY case, the judge has ruled in favour of the "poor" homeowner! Hi Tony. Which...
  15. tbarcier

    Sell Rent Back

    I have the opportunity to do one right now. I`m just unsure of how to go about it the proper way.
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