Do you still have the "subject to financing" condition to get you out of the deal?

Always put it in writing! That way there is no confusion, and every party involved is in complete understanding.

Hi Cassi, Hire a professional and get them out. This is not something that an investor can normally handle, albeit there are several exceptions to this rule. If you are feeling over your head, have someone get them out, and then get the home rent-ready and learn from this experience. REIN...

Hi Phil, The only way to answer this question is to do your due diligence and compare your property to the others in the area. There are several websites (kijiji, rentboard, gottarent, etc) and newspapers that you can find comparable properties.

What about installing separate meters on the 3 seperate units? Or you could take over the utility payments with the appropiate increase in rent.

There is one in the critical forms section: Tenant Clean-Up Checklist

If NW means Newfoundland, I think that there is alot of potential for the area, if the government ever steps aside and let the oil companies handle their business. However it may be too late, as once the government gets their hand in something, it usually taints the pot for many many years to come.

This is all part of the REIN system. Your realtor is becoming an expert on your niche, and at the same time learning the REIN system. This will help them become a better member of your team and those deals will continue to be brought to you. So yes, there is enough properties for everyone...

Something I like to do if there is a large spread on comparables is to call and get more information about the listing. Like Chris Cameron said, there may be added bonuses that would cause the rent to be higher. This can help focus your marketing by stressing how your property is better (worth...

There are a couple good topics already on insurance that should answer most of your questions: http://myreinspace.com/rein_members_only/Members-Only_Discussion/81-804-Insurance_for_Rental_Properties.html http://myreinspace.com/rein_members_only/Financing/89-3818-HELOC_Insurance.html

Yes, a half-duplex is also referred to as semi-detached. It may be regional, but I have lived all across the country and do not remember which terms I picked up from which area!

QUOTE (ApexQI @ May 7 2008, 11:12 AM) Personally I do not like to buy duplexes unless I can get the whole thing (both sides), my reason is that you cannot control what the neighbor(who you share a roof/common wall/general property/yard etc.) will do with their half. Maybe they are the best...

Have you tried offering an incentive to rent? Free supper every month! Weekend getaway!

QUOTE (Lucas @ May 6 2008, 06:37 PM) 2. I heard (I think on this forum...or maybe Quickstart) that a person can check their own credit for free without damaging there beacon score. How do I do this and what are the restrictions (ie. once per year, etc...). To check your credit for free, go to...

Thanks Grant!

Thanks Sean! This search feature and I have not become friends (yet).

On the old website, there was an example letter for rental increases in a hot martket. I cannot find my copy, and am at a creative blockage and would like to refer back to letter. Is the form there and I just cannot find it? Help!

Awesome ad! How do I apply?

QUOTE (GarthChapman @ Apr 29 2008, 07:49 PM) Which reminds me - do Don`s `6 Rules to Investing in Tropical Real Estate` also apply here? I think that would depend on which side of the moon you are investing on!

Are you satisified with the internal estimate? Does it allow you to meet your goals that the money is intended for? Can you continue to ask for increases if the value rises?