OK quickly found that DCR is just ratio of income over debt. But how does each bank / lender calculate the debt. Do they include such things as Property Taxes, insurance, utilities, etc? In the case of acquiring single family homes to rent, then as long as my DCR is kept above 1.2, then can...

Thanks Rob, So in my example above, I'd be looking at Personal salary $50K Investment income $6200 *12 *50% = $37,200 annually OR $87,200 Just doesn't seem right to me. Actually seems quite high to me. Or should it be 50% of Rental Income after mortgage debt service. Any idea...

My understanding of DSL calculations is as follows. Think it was derived from Peter Kinch's book. Do banks still use this formula for loan approval, or has it changed/ House 1 Mortgage $750 rent $1200 House 2 Mortgage $750 rent $1500 House 3 Mortgage $1200 rent $1800 House 4...

If the answer to the US deficit is something as simple as introducing a GST or increase in sales tax, then why haven't they done it already? Why all this chit chat about fiscal cliffs etc.? Is this simply economic fear mongering? Is GST simply a very unpopular decision for their government...

No one really thinks that the US is going to tank? I am happy to hear the responses to the contrary, but would an instable US dollar and economy not affect Canada? How much of our own economy (export) is dependent on the US buying from us? Are you both saying there is no reason to expect...

What's really happening in the US? How much of the DOW's lofty valuation is supported on cheap money and no underlying fundamental. What'll happen with the US debt bubble, and when will foreign investment simply halt? What happens to the Canadian economy if/when it all come tumbling down...

Surely a big factor in any Canadian economy is what is happening across the border in the US - NO? The stock market is floating on borrowed cheap money - floating at all time high it should be added. DOW over 15K. When they stop the money printing, inflation kicks in, and the...

Should you consider an onsite super for a small 10 unit complex? How would that be renumerated?

OK thanks Thomas - my other concern is that this deal would basically tie up a considerable percentage of my HLOC in one property. To this point in time, I have typically bought a single family or 2 apartment home, renovated, rented, then refinanced, then start again. Doing that, I've...

I hear you loud and clear. Waiting for my money to get freed up, and also having a better idea of exactly what I am getting into to be honest. This being my first multi-unit opportunity. Done some of these steps - sort of. Questions I am asking here are pertinent to me even bothering to...

The town is akin to Blue Mountain or Collingwood in Ontario. That is, quite rural, and the closest winter skiing resort to St. Johns. It is also the gateway to one of our National Parks. It is about 1.5 hour drive. There is a Hebron offshore GBS project just starting within a half hour...

Was wondering if I could get come comments on an opportunity I am looking at. Building is located in an area of reasonable growth for the next 10-15 years due to off shore development, and associated manufacturing spin offs for the town. Not to mention rental demand for the region. I...

While I realize we might not all be comparing apples to apples in terms of policies, I was hoping to get an idea of what kind of premiums people are paying across Canada for single family or 2 apartment rentals. Here is what I pay The Dominion for two typical units I own. Interested to see...

Per my previous post. Felt I should clarify why I have properties in areas in which they are both hard to rent, and sell. Here is the 30 second answer. Property 1 was a shack that I bought for 60K. Town was about to comdemn it. Perhaps I should have held out for a lower price. Anyway...

My experience has been this. I have 2 houses on rent to own. I initially listed both houses for sale on the MLS, mainly because they are in areas considered a little distant from the city, and the commute is further than average. I had maybe 10 veiwings in each home over 3 months. As an...

Same question asked a different way, I think. I am currently looking at a 50 year old, 2200 sq foot 2-unit house listed for $235K that needs a bit of work - maybe 30-40K. It is in an area where newer homes would sell for $350K, but the older ones of same size maybe $250-300K depending on...

LOL! Well made me chuckle. Then again, is it not all about the terms?

Are there any services in Canada that enable an investor to get a list of comparable sales in a given geographical area? That is, without having to trouble a real estate agent. The majority of my RE dealings are private, so I never really deal with agents. I can get an appraisal done, but I'd...