As I posted in a recent Real Estate entry on tips for closing day - have yourself or your realtor do a walk thru day b4, or best - morning of the closing (assuming closing is at noon in most provinces?). If anything looks different than you have photographed, or seen b4 (make sure to check/open...

Hello, SHould have learned my lesson from my 1st purchase but I didn`t - so it cost me $650+ on my 3rd purchase. Bought property 4 hours away - didn`t get my broker or newly hired prop. mgr. to do a last minute walk -thru - now we were left with one fridge full of mould we had to throw out the...

Hi Igor, I think when u join you can cancel after the 1st meeting if u don`t like it -that`s my recollection. You can start reading don campbell`s books (free at library) or/& join Quickstart for a smaller commitment $500 or so. Yes - the trial mbrship wouldn`t be fair to REIN coz from the...

companies too.

Hello all, Toronto Life magazine has a special issue on 89+ best neighborhoods in Toronto to buy & live in now: East (including Scarborough), Central & West areas that will do well even in tight economy. It includes other interesting articles on renos & condos. For interested out-of-towners &...

Hello all,I found cash-flowing condos in Lethbridge but was told that Edmonton investors bought the building in Dec. 07, did NOT conduct an environmental study, and just sold off the units individually in February. Vendor`s realtor was going to fax me this notice -- should I stay away? She...

Hello, Just wanted to share that we`ve also bought 3 properties in Ontario since June. Thanks for all who`ve answered & put up with my (silly & crazy?) questions - lots of lessons learned but certainly no regrets buying these 1st three. I`d get these coughing spells that didn`t go away until...

Hello, (oh I meant Slave Lake not Sylvan) What do you think of the above cities right now (tenant profile, economy, vacancy, future prospects slump/balanced)? am thinking of investing in cash-flowing condos there. thx for ur time. I studied that Alberta link on smaller towns statistics but I...

thanks all, I guess it`s hard for me to do comps coz I don`t have a buyer`s agent in the area...I also hate building/technical stuff-got a Mike HOlmes book from hubby as a gift but it`s as exciting reading to me as my teeth getting pulled

Hello, For sale by owner duplex in a top 10 Ontario town-partly owned by realtor - great cash flow but they bought it in bad shape,fixed it up & are now selling it. So really, it hasn`t been lived in post-renovation- screened tenants moving in Sept. 1. They want to do this flipping thing so...

[thanks Greg

Hello, Are these streets decent areas in Hamilton, ON? Weber St. E., Canon- any areas I should stay away from? Do u think downtown`s ok now - that it`s really revitalizing? Also, how much is the city covering renovations for? I heard u can renovate & get paid up to $2500 ?reimbursements? thanks!

Hello, I`m just starting to look at Alberta & some MLS listings of FULL duplexes are priced the same as HALF duplex units! How can this be? Is it because they`re illegal, or 2nd unit`s below ground or in bad areas....?? how can a HALF duplex be as expensive as BI-LEVEL duplexes? I`ve seen...

Apart from the suggestion above, I don`t think you can get "maximum return" or high return within 6-8 months in traditional products - `coz short-term goes with lower returns, the longer you can lend ur money to the institution, the higher you`ll earn and they base it on variable rates, which...

Hello,AM seeking a couple more 0-down lproperties - singles or duplexes FULLY TENANTED that cash flow with the (7.85%?) CMCH insurance premium b4 the program shuts down in October 14. Anyone with leads? Greatly appreciate it. ADD 7.85% to purchase price, 4.15% variable & 40yr. amort.= mortgage...

Hi Marcus, Thanks for the educational post - I`m also doing 0-down & got 3 properties already. BUt do you own also a home? If so, don`t you incorporate that into your figures....?? If so, how do u incorporate it? thanks!

It depends on how much brand new products you need to buy from their offerings & how frequently. I don`t buy much appliances/furniture to make it worth my while to be a member. so do the math - just as I don`t find it economical to be a member of Costco... will your savings be real and is it...

Go look for recent heading: "Ottawa tightens mortgage..." subject-it`s got articles/links on insured mortgages there as well.

Are you a self-starter? I don`t have trouble getting motivated to act on real estate (research, offers, travel) because I`ve had my own wake-up call & want to accumulate as many properties as I reasonably can in the shortest time possible. If you need someone to kick your butt you decide how...

My lawyer (i`m in Toronto) just closed 2 condos for me & he said TITLE INSURANCE was included in his fees - that technically it didn`t cost me any more or less whether I declined it or not.