I would use that money to buy multiple properties. That is one of key lessons I teach JV partners. Smaller down payment on multiple properties equals higer ROI.

If you find that networking and attracting potential JV partners takes too much time, then it sounds like you have decided that it is better to do your own deals adn raise your own capital. JV`s may help you move forward and build your portfolio faster, but it depends on what you want to do.

This is a good option for someone with poor credit and no downpayment to get into a property that they can own in a few years once they have restored their credit and saved some money.

Thank you for the link and information! I will surely pass it on to friends who invest in the area.

A one REIN meeting, there was a presentation about investing in tropical markets, however REIN research targets Canada, specifically Alberta, BC and Ontario.

When I bought my first investment property, I thought I knew enough about houses to inspect the house myself. My realtor insisted on a house inspection. The home inspector found 3 items that I would not have looked at nor known about. A good inspector is a very important part of your team...

Mark, that is the great thing about real estate investing. You can have your cake (career that you love) and eat it too (more time to spend with frends and family with a supplemented income).

Tim, I take the approach that they did not understand what they were doing was wrong and against the lease. Inform them of the clause in the lease, and if you are opposed to the extra person living there, let them know that this person must vacate. If you are not opposed, after doing the...

Fort McMurray is one of the few areas where the market did not slow down nor did the rents drop this winter. I have raised my rents and continued to buy more property in Fort McMurray and can see the equity appreciation almost monthly. As noted in a seperate thread by Peter Kinch`s team, QUOTE...

Have you tried Kijiji.ca and gottarent.ca?

Minimize vacanices through above average marketing.

I have not used this as it is hard to predict the future. What if the rents go up 8 or 10 or 20% in the area? What if they go down?

Thanks for the link Marc!

What are the implications of having the posession date pushed off? I recently purchased 2 homes and due to unforseen problems, the builder was not going to be able to finish on time. I happily told him to complete the other houses on time and I would wait another 2 months for mine. Equity...

Good suggestion everyone. Thank you for the new feature Grant. I am sure it will be put to good use.

The easy answer is no, it is the tenants responsibility to ensure the rent is on time. However if they are a good tenant, you may want to make it easier for them. Another option would be to set up an account with the same bank they use. An automatic transfer plan could then be set up to pay...

Another good option is email money transfer. Good as cash.

They are allowed to do that because people agree to pay it. As we all know, it is not cheaper to rent. That is why we do what we do.

The transfers are great way to move money cheap and fast, however there is a limit to the amount can be transferred, I think it is $1000. Something else that works well is pre-authorized debits from ATB (they are the only bank that I can find that does this). With your tenants authorization...

I have had calls every week, then I dont hear from them for 2 months. It all depends on the property and the tenant.