QUOTE (RCC @ Mar 12 2010, 06:55 PM) Its vdery helpful to hear all the different opinions. Thomas, thanks for the detailed insightful analysis. From Thomas`s analysis, it looks like it is a viable option if prices remain flat or increase. I see the biggets risk is if prices decrease. With the...

QUOTE (housingrental @ Feb 28 2010, 12:47 PM) Hi Jim Can you explain in detail how you added $32K in value to this transaction? Thanks Hi Adam, he had the people and systems in place to find a deal and then to action to negotiate a home run win win.... found someone willing to take on the...

QUOTE (MonteDobson @ Mar 1 2010, 06:04 PM) Where do you find such a property? Rochester? Detroit?

QUOTE (investmart @ Mar 1 2010, 08:46 PM) I agree. maybe 90K but definitely not 169K! a bit surprising a REIN member recommends buying a property with such a low annual rent to price ratio of 8.5%!? (14400/169000). Regards. i`m not recommending him to buy selloffcondos..but its the only...

QUOTE (dannial @ Mar 1 2010, 07:39 PM) I recently had lunch with the Regional Manager for CMHC in Southern Ontario. She told me that if you have an RTO, the downpayment and the monthly rental portion that you credit back to the client has to be held in trust or with a third party such as a...

QUOTE (Cargren @ Mar 1 2010, 03:13 PM) We are closing on a sale to a RTO tenant and Scotia is requesting a letter showing that the monthly credit is above and beyond market rent. There has been no request for proof of their deposit and monthly credit in a trust account or similar. We are in...

QUOTE (lakeheadteacher @ Feb 26 2010, 08:51 AM) So I`m new to the game but am enjoying the learning curve and the hunt my first rental property. I would like to start small. However, I`m having a hard time finding properties listings on the web that are of any use to me. Kijiji (sp) and...

QUOTE (Gen1GT @ Mar 1 2010, 06:41 AM) I have a deal that would make a great seller financing transaction. They have already moved, and still own the home. It`s structurally sound, and just needs a lot of elbow grease and asthetic upgrades. I`ve never done a seller financing deal, so I would...

QUOTE (ChrisDavies @ Feb 26 2010, 03:01 PM) You each provide your application to your mortgage broker separately, but apply jointly. The broker handles it directly, and if there`s a problem, they`ll just say `there`s a problems and no, it`s not you`. That`s as much as they can disclose. They`ll...

QUOTE (lakeheadteacher @ Feb 27 2010, 01:16 AM) Hi Carrie. I am looking for something that will cash flow after the payments of a management company looking after it. I would like to find something in the 200K and under range. This is my first attempt at buying a rental unit so I would...

QUOTE (GaryMcGowan @ Feb 15 2010, 10:48 AM) I hear what your are saying but as Don reported the other night in this article there are 36,000 condos being constructed right now in Toronto. That is a big difference between the two reports. If someone wants to buy why wouldn't we wait to buy...

QUOTE (matthew @ Feb 15 2010, 12:44 PM) Hi, anyone know of someone who would put together my information in an impressive format, possibly using graphic design expertise or a talent/knack for that sort of thing? I would be ready to pay well for a good presentation... I so far have bought 10...

QUOTE (ThomasBeyer @ Feb 22 2010, 02:09 PM) in the right market that may make sense .. if the spread is wide enough. Consider that it is harder to finance and can back-fire if re-sale market tanks or the envisioned gap is lower. Also consider holding costs between taking possession and...

QUOTE (housingrental @ Feb 17 2010, 01:24 PM) I wish I could There`s never been a better time to get the show online! Still awaiting word...it was a great show. Calum Ross had his usual amazing insights...and it was great to pick the brain of the vice-president of Scotia mortgages...not many...

QUOTE (fumbrunner @ Feb 16 2010, 02:38 PM) I agree. For many that take being too leveraged seriously, these changes will not have a huge impact. In fact, it should reduce the number of buyers in the market for investment properties and could result in some good opportunities. I liked having...

QUOTE (DonCampbell @ Feb 16 2010, 03:07 PM) Agreed.... they are starting to legislate against people who are not investors - they are speculators. Sadly this whole mortgage situation began with the people who line up, buy pre-built condos hoping to flip them into a future market. They are...

Tune into Rogers TV`s Inside Toronto Real Estate on tonight at 8:30 PM as we discuss the recent changes to CMHC lending criteria. Host Brian Persaud will lead a discussion with Calum Ross Senior Vice President of the Mortgage Centre and Jim Smith, senior Manager with Scotia Bank. We`ll be...

QUOTE (OntarioInvestor @ Feb 13 2010, 11:44 AM) Gary a lot of what you said is simply not true. However, it is true that the Toronto condo market is very hard to invest in if you aren't spending countless hours on research. You will not always get better bang for your buck in resale as...

QUOTE (housingrental @ Feb 13 2010, 03:47 PM) I take it your name is a misnomer and your not a teacher at Lakehead? If you read a post that stated: I`m purchasing a business that I know will lose money each month that I have to pay for out of pocket. I hope at some future date to sell the...

QUOTE (ThomasBeyer @ Feb 13 2010, 03:30 PM) I don`t believe it .. verified ? a good deal .. but consider holding and exit costs: condos fees @ $200/month taxes, say $200/month ? mortgage payments calculate costs to hold for 6 months .. say 20K ? realtor fees to sell, say $20K ? so 40K cost...