QUOTE (HeatherBrandt @ Nov 4 2008, 09:20 PM) Hi Terri, Looks good. Only thing I noticed is the typo under investment opportunities. the 2nd "opportunities" is missing the "i". Regards, Heather thanks Heather, I don`t know how I missed that. I`ve temporarily removed any info under the...

QUOTE (lwelke @ Nov 4 2008, 07:34 PM) Hello All. A tenant of mine just gave notice yesterday, November 3, and informed me they`d be moving out "sometime" on December 1. Although their notice was only two days late, would you handle the situation differently? And what day and time does the tenant...

QUOTE (GarthChapman @ Nov 4 2008, 07:03 PM) Terri, very very nice. It evokes the tone intended and with style. I agree with Vandriani`s comments. His referral to Securities regulations is VERY important. It refers to your Provincial Regulations regarding under what conditions you are permitted...

QUOTE (markl @ Nov 4 2008, 02:20 PM) very nice Terri thanks Mark, if there`s anything that you can think of that I should add or change please let me know. Terri

QUOTE (vandriani @ Nov 4 2008, 11:30 AM) I like the website. It is clean and easy to navigate. I would probably have some sort of maps to show where the area is in relation to other areas. You could add comments by existing tenants on how great the apartments are. Happy, hip people pictures...

hi everyone, well, it`s taken a while but I finally have my website (almost) finished. yahh! http://www.queenwestrentals.com/index.html but it`s not quite time to celebrate yet. It still needs some tweaking and........ I would love some constructive criticism to help improve it. I`ve been...

QUOTE (invst4profit @ Nov 4 2008, 07:32 AM) Why do some investors believe down payment increases cash flow. This is not a sophisticated investment concept. It may add to the flow on one property but it decreases your overall cash flow. As you invest in more properties do not lose site of the BIG...

QUOTE I bought a beautiful, brand new house in an older neighbourhood and then put in a two-bedroom basement suite. Seeing as how it`s a brand new house and having it treated like a rooming house will probably mean lots of wear and tear, I would give him notice for violating the lease...

QUOTE Because of this change, purchasers are required to have more income than in the past. To illustrate, I`ll use an example of a $500,000 property. In the past I could have used an 80% mortgage, amortized over 40 years, at 3.4% interest (prime minus 0.6%). This results in a payment of...

QUOTE (GordM @ Oct 23 2008, 05:58 PM) Hi Thomas, So far I have not seen signs of tightening up. I have just renewed an MCAP mortgage on a triplex with no questions asked, and have just complete a re-fi with Scotiabank with minimal paperwork. Hard to believe that my mortgage rate is now 3.25%...

I asked my mortgage broker if any of his clients were having problems with loc`s being reduced and he said no, he`s not heard about this from his cleints (based in Ontario) wonder if this problem if banks recalling LOC`s is more predominant in the west than in ontario based on the fact that...

QUOTE (thomasbeyer2000 @ Sep 17 2008, 07:29 PM) yes they could .. and in many cases: yes they will .. but a HELOC is less risk for bank than a LOC on a rental property or 2nd home .. and even safer than an UNsecured LOC .. but banks will at their discretion cut back .. given the liquidity issues...

thomas, does this include helocs as well? could they reduce the loc portion of my mortgage? thanks for posting this, Terri

QUOTE (donksky @ Sep 8 2008, 08:42 AM) 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...

I`m an avid shopper @ restore, I`m a regular at all 3 locations in the toronto area but find that it`s more cost effective in the long run to go to Ikea for a kitchen. I love habitat restore for new light fixture, old period doors and victorian glass door knobs, sinks, appliances, but I can...

QUOTE QUOTE (donksky @ Sep 4 2008, 07:06 PM) 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...

QUOTE One tip, if you`re putting hardwood whatever down, buy a whole bunch of those felt kits, give them to the tenant, and tell them they need to put the felt on the bottom of EVERYTHING, and again, it will affect their DD if there are scratches in the floor. good tip!!!

what province/city are you buying in? definitely talk to zoning to make sure you can even convert to a triplex/4 plex legally in the area that you are buying. Zoning can change from one side of the street to the other or from one end of the street to the other so it`s a case by case basis. I...

QUOTE (brocole @ Aug 31 2008, 06:48 AM) I am in Ontario and would like to invest in Barrie. Preferably in a Townhome to begin with. Would it work? thanks very much. I`m not familiar with Barrie but I`m sure there are plenty of other members that can help you. T.

QUOTE (brocole @ Aug 30 2008, 07:32 PM) Hello: Is it possible to buy a property using a LOC as a downpayment and generate enough income to pay the monthly dues on your LOC and generate a postive cash flow? thanks yes it is, it all depends where and what you buy, what province are you in and...