QUOTE (manager @ Feb 23 2009, 01:01 PM) That does not sound accurate. The Canadian government has bailed out the Canadian auto industry.the article states "has not faced a single bank failure, calls for bailouts or government intervention in the financial or mortgage sectors" Nothing there...

QUOTE (selewis @ Feb 20 2009, 01:30 PM) Currently of our 11 properties, only 6 are CMHC insured. The rest are conventional. The present value of the six loans with CMHC is about 730k. This sounds about right. It was around $1,500,000 with two of us qualifying.

We ran into the same obstacle recently, and were told that CMHC has a cap on how much they will insure with any one person. Apparently its around the $1,500,000. They insured our last purchase (we were doing 10% on our deals) but told us that they would not do any more and that if the deal we...

QUOTE (islandplans @ Feb 6 2009, 04:16 PM) This may seem overly simple to some, but I am sometimes puzzled by the term cash flow. If two homes on the same block were identical with exact same costs and same rents how would the following work: Each house cost $300,000. Investor `A` of House 1...

QUOTE (seanverret @ Jan 29 2009, 07:53 AM) Thanks Mark. First, if I owned a house for a while (2 years) and I was just about to get tenants into it who want to take advantage of the rent to own - how should I get myself prepared to make that happen? Second, what income are you making during...

QUOTE (CanadianMortgageTeam @ Jan 26 2009, 03:48 PM) It depends on the term that you are looking for and how quickly you are closing, but there are some really great rate promotions on some of the fixed rates 1 year fixed - 3.75% 3 year fixed - 3.75% 4 year fixed - 4.39% 5 year fixed - 4.49%...

QUOTE (MikeMcCrae @ Jan 27 2009, 02:11 AM) Please do not take tax advise from a banker!! They have little or no training in that regard. It is hard enough to find a licenced accountant that understands the rules. When I quit work and went to the bank for advise on how to structure my future he...

QUOTE (chunara @ Jan 14 2008, 05:25 PM) Hi Rob I needed some info about Platinum. I met with them but needed to find out more about them. From blogs on this site i gather they are good company to deal with. They quoted me 795.00 one time fee. Have you paid this fee? and also do you strongly...

Hello Navaz, A partner and I are purchasing a new townhome for in Cloverdale area for a rent to own scenario (2 year term). Purchase price is around $330000 plus GST. Are we eligible for the GST REBATE FOR RENTAL PROPERTIES ? Not that it`s of any relevance in this case, but we do...

I`m in Surrey, BC, so have dealt with a rep here in Vancouver. I found it easy to get into my first few properties, as I didn`t have much time to deal with the paperwork. Platinum did most of it for me, such as mortgage application and legal work. All I had to do was sign papers. I might still...

I actually have three properties purchased through Platinum over the last 22 months. All positive or break even cashflow. Platinum provides good info on target area and help with financing (they do all the footwork), and set up property management & rental pool. Very happy with their...