QUOTE (bizaro86 @ Jul 6 2010, 02:58 PM) No personal experience, but I`d be very interested in hearing which way you decide to go. I found a thread on the subject (on a do-it-yourself forum) regarding these alternative roofing products, which you may find helpful...

Hello I am putting on a new roof for a 12 suite apartment building. The traditional "tar and gravel" quotes are coming in around the $50,000 mark. I am getting quotes for a new product called Duro-Last. It is basically a single ply thermoplastic and comes with 15 year warranty on material and...

QUOTE (Debbie @ May 17 2010, 03:51 PM) Is anyone paying their mortgage broker a referral fee for a rent to own buyer that you put into a house? I was wondering if they should expect a referral fee and if so what is a fair dollar amount? I would send the rent to own buyer back to the referring...

QUOTE (dwolowitz @ May 12 2010, 06:36 AM) Hi Everyone, I recently moved here in San Francisco, and I am looking forward to get a home. Currently I am resided in the university hostel. Could you please help out as to what should choose to get a financing, a broker or a bank directly. People...

QUOTE (MonteDobson @ May 5 2010, 02:29 PM) Hi Mark, Check out http://news.ca.msn.com/top-stories/cbc-art...mentid=24134591 Thanks for the link Monte. Is anyone familiar with the story or have comments?

I watched the news last night and seen a report of a huge mortgage scam in Alberta. BMO is claiming to be out 30 million dollars from the scandle that appears to be quite sophisticated and widespread. The report claims charges are being laid against 300 people that includes many realtors...

QUOTE (RedlineBrett @ May 5 2010, 11:51 AM) The real estate act is linked here.http://www.reca.ca/industry/content/legisl...2008_linked.pdf RECA, the governing body for real estate industry members, is pretty good with answering questions about the act or behaviors that would fall within it...

QUOTE (RedlineBrett @ May 5 2010, 09:27 AM) Do not ever advertise or say to anyone that you don`t actually own the house, or that you are a `middle man` of any sort. You are allowed to sell FSBO... you just cannot sell a house for someone else and make a profit if you do not have a license. I...

QUOTE (Minoune79 @ Apr 29 2010, 07:28 AM) I would like to hear what people think about the rent to own process. Do you believe that it is a true win-win situation? Josee Guindon CEO, President Premium Property Solutions Inc [email protected] www.ClickMyPlace.com Absolutely!! But only...

QUOTE (MonteDobson @ Nov 18 2009, 11:38 AM) Hello Lease Option Experts:We have a side by side duplex in Grande Prairie, AB that we have owned for 3 years and are strongly considering a Lease Option as our desired exit strategy. Due to my hectic schedule, I am seeking the assistance of an...

QUOTE (markl @ Apr 28 2010, 09:05 AM) Hi Mark, I think we are talking around the same issue. We typically show them our plan and state in a letter what the option deposit was and how much the monthly credits were and we haven`t had an issue. We are not using 50% of the rent towards the deposit...

QUOTE (omanalese @ Apr 27 2010, 08:14 PM) Hi David, Regarding the monthly option credit of 20%: The main goal is that the tenant has enough down payment at the end based on your mortgage broker`s recommendation. We use at least 7% or 12% of the projected purchase price. So if the tenant can...

QUOTE (DavidLi @ Apr 27 2010, 10:21 AM) Hi Mark, thank you for your further clarification. I phoned CMHC this morning and staff in charge told me we can go beyond the market rent as long as you put the number in the contract. in this case we are talking about, the credit can go beyond $400...

QUOTE (markl @ Apr 27 2010, 08:12 AM) Joe, You didn`t have the full amount of your lease on the lease payments? We do not collect 2 cheques we only get one from our tenants. Mark - My hypothesis on what CMHC is trying to do is to stop landlords from giving back existing rent to tenants for...

QUOTE (DavidLi @ Apr 26 2010, 11:56 PM) Hi Mark, see my another post, which may help. http://myreinspace.com/public_forums/General_Discussion/61-16466-How_bank_say_about_RTO_down_payment_when_renter_exercise_the_option.html "you will show a letter that states how much credit has...

QUOTE (AndyLuchies @ Apr 26 2010, 08:22 PM) Of interest to others who may be reading, in response to question 1, there is an alternate way to come to the numbers for a monthly payment and credits if Mark`s %s aren`t working in a particular market (e.g. extremely low area rents). Simply show...

QUOTE (Debbie @ Mar 17 2010, 02:42 PM) Hey Marc...no the house is in town so there`s no quonset or pool. Deb N Hi Deb I have some places in Brooks. I would appreciate the information. Thanks!

QUOTE (BarryMcGuire @ Mar 17 2010, 01:51 PM) The question of how you deal with this situation depends on how you look at it and what will get you what you are trying to achieve. CMHC/lenders suggest the best way to do it is to put all the $$$ an account where you hold $$$ in trust for the tenant...

QUOTE (markl @ Mar 16 2010, 02:24 AM) Hi Mark, The homeowners/investors are writing the letter we just did the same for Laurentian Bank. If they do want to see the money in trust it has to be seasoned for 3 months and we use our lawyers trust account. Regards, Hi Mark Can you give an...

QUOTE (Dan_Eisenhauer @ Mar 6 2010, 08:43 AM) This is a black and white issue, with no grey in it at all. CMHC has required the Purchase Credits to be greater than market rent for as long as I have been in the industry... close to 40 years. (Where did that time go?) There is no firm requirement...