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  1. Alvaro Sanchez

    Seller Needs Help With Credit Repair

    Try http://www.consumer.equifax.ca/dispute-ca/dispute_process/en_ca
  2. Alvaro Sanchez

    a situation (newbie in mortgage topic)

    Please note that 10% is not enough money to cover cost in an event that you need to sell property in 1-2 years. You will also need to consider that in the case that the property needs to be rented (due whatever reason) that rental income can cover the cost (mortgage, condo fees, PM, vacancy...
  3. Alvaro Sanchez

    Are building managers self-employed or employees?

    You must have a contract agreement in place. Also ask them to register a business name (sole proprietor) so they can receive cheques and invoice you using business name. They must pay their own bills (phone, etc.). You must clearly demonstrate that they are a separate entity.
  4. Alvaro Sanchez

    Canada Real Estate - Poor Online Presence - Hardly any good websites - WHY?

    Pick an area that you want to invest and then locate different online tools. There are some jurisdictions where you can get tax info (property taxes, owners, etc) online free or use their paid services.
  5. Alvaro Sanchez

    Newbie needs help

    If you are planning on returning to the area later on then don't sell. Speak to a mortgage broker and see if you can get some equity out from current property and use that to buy a small plex in Trenton. Say, If 50k equity pull out is not enough then find a JV partner with another 50k for a...
  6. Alvaro Sanchez

    Starting my business!

    Please note that as self-employed, you must have 2 years track record with CRA (NOA docs) in hand as proof income to get a mortgage so plan accordingly. You could have full amount in cash to purchase the property (0r a car) but they will not give you a mortgage/loan. I will suggest to speak with...
  7. Alvaro Sanchez

    Collecting Rent from Tenants??

    At first look, the service requires to have each party (landlord/tenant) to be registered in the system to exchange funds. If each person who wants to use it to send/receive payments need to validate bank accounts. It will take you months to setup and convince all your tenants to use it. If your...
  8. Alvaro Sanchez

    Collecting Rent from Tenants??

    No, as each tenant can schedule their online payments with their bank portal so you get it every month. For your tenants, its like paying any utility bill...
  9. Alvaro Sanchez

    Your skin is not coming up.

    Still not coming up... go to the root http://myreinspace.com/f/ yet you might probably need to test it from outside your network. Anyways, I am just reporting it in case you were not aware.
  10. Alvaro Sanchez

    Your skin is not coming up.

  11. Alvaro Sanchez

    RENT INCREASES....

    http://www.cbc.ca/news/canada/toronto/rent-byebye-1991-loophole-1.4077446
  12. Alvaro Sanchez

    RENT INCREASES....

    The market will dictate the increase in your case.
  13. Alvaro Sanchez

    Multi-Family Investments: What's the Risk?

    Risk is that you write big cheques, you lose big cheques... If you overpay buying a building, it might take you years to come back. So you need to get educated the best you can to minimize risk.
  14. Alvaro Sanchez

    First time investment for an eager but confused Millenial

    You are in a great position so I would advice to JV with someone to get you a higher property value enough for a duplex/triplex. You must have some friends or relatives open to invest with you. There are plenty of opportunities out there as well as many who will tell you that there are "none" or...
  15. Alvaro Sanchez

    loan ordeal

    As self-employed you need minimum of 2 years to qualify to any loan at any bank. Your wife might be better off buying a new car.
  16. Alvaro Sanchez

    Renting in Toronto

    That should not be an issue, provided that he can proof job offer or letter of employment.
  17. Alvaro Sanchez

    Real Estate License

    Since its an open forum, I would like to provide my two cents: When I started a some years ago, I also wanted to see if having a RE license including a mortgage broker license would provide some added benefits as investor. I had to parked that idea as once you get a license you need to work...
  18. Alvaro Sanchez

    investing in a duplex with brother

    I would have him on title and mortgage with a 50/50 deal. However, you need to be prepare to walk away by losing some money, brother or both. If you can not afford to lose $ or brother then do not do it.
  19. Alvaro Sanchez

    Breaking Down MY Target Neighborhood

    Some cities will list online information for all properties by street and provide free access. If you want to get technical, you can subscribe to news feeds for your ward (for permits and zoning variances). You can parse the xml based info and imported to own database. If you are not computer...
  20. Alvaro Sanchez

    Are there RTOs in GTA for a Townhouse or Duplex?

    Here : http://www.ottawagatineaurentals.com/Home/Rent2own
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