QUOTE (thomasbeyer2000 @ Oct 9 2009, 03:32 PM) Talk to Peter Kinch or a hard money lender or any MIC .. perfect for a MIC @ 14% plus 3% commitment fee @ 75% LTV or about 50K .. so 21K by yourself .. 50K from hard money lender ! or: offer seller 30K cash now .. and 50k in 6 months .. secured by...

I have a line on a home that is in rough shape. Similar aged homes and size (in better shape) would fetch $150-175 K in this very marketable small seaside town. Owner has moved out of province. They had the home listed 12 months ago for $99K. Bit scary for most people at that price. Told me...

QUOTE (joe123 @ Dec 4 2008, 06:12 AM) Remax says... Regina up 9% for 2009, Saskatoon up 2%, Edmonton and Calgary 0%.... argh... Why did I ever invest in Alberta.... My residense in Edmonton plummited 25% to 460k Terwilligar), I can`t even replace it in Saskatoon for less than 560k(stonebridge)...

QUOTE (Jack @ Dec 27 2008, 01:59 PM) The Misery Index is an economic indicator of what consumer confidence might be in a given region. The formula is CPI inflation + unemployment rate. Obviously, the lower the number, the better. Here`s how Canada`s provinces play out: 01) Alberta: 6.3 02)...

QUOTE (RedlineBrett @ Sep 25 2009, 02:33 PM) Get another appraisal done. If that doesn`t work then try a different lender for a second mortgage. Make sure you work through a broker that is networked with good appraisers. Have your realtor give you the market evaluation they performed and pass...

Hello Hardel I am a fellow NL investor new to this forum. I currently have 3 investment properties that I own and rent in CBS. The market is very strong here too. Super strong. I`ve been looking to see if any other investors exist from our province here on REIN. I am currently looking...

I have a rental property that I know would sell for around $120-130K in our aggressive local market, but I am convinced the bankers appraiser would not be willing to evaluate it over $90-100K. I had an agent confirm my valuation who suggested I put it on the market for high 130`s or 140K. The...

I wrestled with this issue for the last 2 years with one property. An older home. I iniitally looked at getting a separate meter installed but got a run around and it`s difficult to find a tradesman to do it. In the summer, my total utility bill is $150, in the winter it has been as high as...

QUOTE (RussellWestcott @ Aug 21 2009, 08:55 PM) I think a good solution to the question you ask can be found by clicking here. Joint Venturing is a very good way to build your Real Estate portfolio by teaming up with someone who has something that you are missing. Read the link above and you...

I am an investor in Newfoundland looking for other forum contributors from this area (St. John`s & CBS). If you live in this area, then perhaps we can get together for a coffee sometime.. Cheers Tony

QUOTE (TodorYordanov @ Aug 21 2009, 06:53 PM) Fliping properties is a job, as is building investment portfolio. Many years must pass before that effort turns into passive income. No kidding. If this is what you love to do, than find yourself some good JV partners to provide money and mortgages...

QUOTE (GaryMcGowan @ Aug 21 2009, 05:26 PM) Good advice here. A job is key... One other option is to partner with someone that can qualify for a mortgage. You provide the capital and they provide the mortgage qualification. We have partnered with people is this same position. They provide the...

So can I buy a unit in this building to stay in while I visit Florida?

QUOTE (ctang @ Aug 4 2009, 06:47 PM) Hi Dan, I am living in Tantallon and am just looking to start my real estate career now as i`ve been educating myself through books and talking to other RE investors. I`m currently focusing 100% of what i do in learning more about acquring properties as my...

QUOTE (RedlineBrett @ Jan 8 2008, 12:03 PM) Some of the best advice I have ever been given was `borrow when you can, not when you need to`. Having access to borrowed funds on a short term has definitely helped my business! Exactly what happened to me. I established a HELOC of $140K and LOC of...

QUOTE (thomasbeyer2000 @ Aug 21 2009, 01:52 AM) yes, an option, but also to sell one existing house or 2 .. pull some more equity out .. and buy-renovate-sell another one.. as you seem to be able to make money at it ! If this is what you love to do, you must come to the Red Deer REIN event and...

Here`s my story to date: I currently have 3 investment properties. 1) The first I bought at $140K, renovated and got appraised at the bank for $300K. An honest appraisal for this new home. 2) I financed my second and third property from the equity in number 1. I was able to mortgage my 2nd...

QUOTE (FHC @ Aug 15 2009, 11:21 AM) Hi Fisher, During the pre-screening process, I interview prospective applicants (& co-applicants/signor in case the applicant is a student), require them to fill up the applicantion form, sign portion of the form that gives me the authority to do credit and...