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  1. D

    Basic cash flow question - what is your preferecne?

    I just bought a duplex with the 1st "averaged" bill at $300! I almost had a heart attack -this was way off my budget-- the utilities company said winter bills were as high as $500 a month the previous year. But knowing the vendor evicted tenants upstairs & was going thru a divorce & didn`t...
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    Tenants want to add 4th roommate-just moved in

    3 students
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    Square footage per adult in Ontario

    I remember reading/seeing somewhere years ago where a certain number of people are allowed per xx sq. foot of interior space--that you can`t squeeze too many people in. Is this in the LTB or somewhere else? how do I know a place isn`t over-crowded? I just rented to a group of 3 students & now...
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    Is it legal to offer rent rebate in ONtario?

    As an incentive for good tenants to stay, and if it works with my Belize & profits, can I offer/bribe tenants w/ a rebate for good behaviour every so often (in lieau of hiring prop. mgr. and I`m managing from 4 hours away)? Can I word or include this in advance in a lease contract or is this...
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    3students sharing at $1150-squeezing on 4th

    HEllo, . I don`t think they`re . thx
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    Reserve Fund Study for Condo Townhouses

    Hi - i just use my real estate lawyer - they know how to analyze status cert & reserve funds - he was telling my about the math he does and why he thinks I should lower my offer - because such and such expenses was unexpected and will be charged shortly, and that given current reserves that do...
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    Garbage b4 tenants moved in

    Hello, garbage was dumped on my rental`s backyard - glass debris, mattress, etc. before my tenants moved in and they`re asking if I`m having it removed. I wasn`t responsible for this and the area was clean when I was there three weeks ago. They said they were told that it`s a health hazard and...
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    When is the next Quickstart in Ontario?

    I think, based on the last 2 years, they usually have one around May in Brampton.
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    Canadian Business - The 10 Ten Cities for Business

    Thanks very much Keith, I like to read this annual thing.
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    Vacant Possession

    I don`t know if u have to prove tenants have to move out for the reno. I know for sure that smart tenants know they do have the first right in Ontario to move back in after renovation.
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    Creative Financing - Suggestions anyone?

    Can u or ur partner tap a secured - HELOC??
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    3 properties closed

    thanks all. The 0-down was (it`s been shut down as of today I heard) based on long-term hold `coz of the extra risk/insurance premium I think. So these 3 ones are long-term hold. Not much for the 1st two-they`re 2 tiny condos in Woodstock for $78k apiece & a 3rd-duplex in Sudbury - so they`re...
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    More difficult lending environment ?

    Heard that as of today, the 0-down program, 40-yr am. for rentals is over for all lenders. Is this true? No more lenders will do this now?
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    RapidSuccessclub? reputable or not?

    Has anyone joined this group or know anyone who did successfully? also associated with PREIG, REICO (?), Realty-connect? Says they specialize in training u to do wholesaling ($1 to tie a house up??) & rehabbing - $700 for 3 months in a group - u can do 1st deal in a month, etc. kinda like...
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    Would u rent to good rental history tenant?

    Hello, Am screening tenants (via Rentcheck) and landlord referral was great (paid cash on time +util.) even though she`s on disability with 2 yr. old daughter (no reason to say nice things either - she`d already moved out when I called). Wants to move-in with her boyfriend (who`s lived at home...
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    Woodstock feedback pls.? Peel St.

    Hello, been burned using a buyer`s agent in this area so am avoiding using one. Does anyone know if Peel st. area is a good one in Woodstock, ON? It`s very close to Fanshawe College but I know there`s rough pockets around town - just don`t know where? thanks!
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    Feedback: Would u buy this Ontario duplex?

    Hello, would you buy this for $325k mortgage ($320 purchase price, + 7.85% CMCH insurance premium-100% financed) in a farm town in Ontario? side by side 2+1 duplex. always rented - walking distance to a college in a 0.5% vacancy town (same shortage or worse? for students), walking distance to...
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    Vendor to rent back property Due Diligence

    Has anyone done a purchase where the vendor rents the property they sold? Can u screen them first like any tenant (credit check, references) as a condition for purchase? what numbers do u crunch to know what`s behind the curtain? (why would they sell if rent might be higher than their mortgage...
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    Ottawa feedback 2000 block Fillmore cres.

    Hello, ANyone know about this area of Ottawa? What do u think (good location, good tenant profile, transpo, access)? thanks!
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    Coaching

    I think a U.S.-based program may not help much - I`ve seen teaser/free seminars from them & they start talking about U.S. strategies & I don`t think they know a fraction of what u learn as a REIN mbr re. CDN strategies. many of them are coming up (e.g, Russ Whitney) in my opinion because their...
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