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  1. Alvaro Sanchez

    sort order on a post?

    I am talking about sorting the comments on a given post not to list all postings on a category. When viewing a post and its comments, I prefer to list the most recent comments on the top vs having to page down from the original post to the end (newest). In most decent online forums this is a...
  2. Alvaro Sanchez

    sort order on a post?

    I used to have the most recent comment of a post on TOP. Now the new sites has the original post on TOP, how do I change the SORT ORDER? I want to see the most recent comment first.
  3. Alvaro Sanchez

    Not Receiving an Updated Survey on Closing

    In some jurisdictions you MUST obtain a recent survey. In my experience, most have one already so seller provides it. In one occasion, I split the cost...For most part it cost around 1k for one so if would 1k kill the deal? also get title insurance in case there are issues with survey.
  4. Alvaro Sanchez

    Not Receiving an Updated Survey on Closing

    Yes, in all my offers, I specify that a recent survey must be provided by seller.
  5. Alvaro Sanchez

    Seeking Help to Review Potential AFS Deal

    "If there is a strong upside to buying the property" - There is none on this particular case as far as I can tell... market price is 325-330k... Seller can ask for whatever but other than debt relief I would not offer money. You also need to check if city taxes are owed (most likely) and other...
  6. Alvaro Sanchez

    Seeking Help to Review Potential AFS Deal

    In my opinion there is not enough free equity to get involved unless you get a substantial discount with the contractor which you negotiate directly. And NO, it is not a good idea to give the seller any money upfront or later as "there is no equity here". Also, I will ask for 3-4 months. As...
  7. Alvaro Sanchez

    Using RESP to buy a property to my child?

    RESP/OSAP (Ontario) are to be used for education expenses and sometimes bank/operators will request to see invoices or pay directly to universities. I would suggest to continue saving on your child's education while you explore the option to invite some investors to JV in a property where your...
  8. Alvaro Sanchez

    Hiring good people in a tough market.....any tips?

    Clue: Top people on their trade charge top rates. Also top guns always have followers, that is, people who are willing to compromise location/rates to be able to work/learn from them.
  9. Alvaro Sanchez

    HOLD or SELL

    It's hard to provide advice when not all the details are available but as other suggested the easier option when a property is not performing is to sell it to minimize losses. However, I find that there are always options in cases like this, please give me a call to discuss and perhaps come with...
  10. Alvaro Sanchez

    Ottawa waterfront with tenants in place

    Get a better mortgage broker. You might want to consider bringing a JV into one of your existing properties at 25% cash. Invest 365K to get 15k does not make much sense for an investor so that might be a hard sell unless you arrange different terms such some money now and some later (VTB) or...
  11. Alvaro Sanchez

    My new website up - HELP! - Need review for improvement + suggestions from property owners.

    As renter: - Ability to sort by price or filter by bedrooms, baths, etc. (Make it easier to find or filter). - Pictures too small and limited. - Too much text per property, I would use more pictures than text. As property owner: - I would be looking as how you market the units and...
  12. Alvaro Sanchez

    CMHC Cap rate in Gatineau?

    I have inquired CMHC about the same but for multifamily buildings and they did not provided much information in terms of cap rates. Your best option is to ask some appraisers in the area. Click on Quebec Federation of Real Estate Boards provide some economic data and reports. Click on...
  13. Alvaro Sanchez

    What is the best bank for multiple checking accounts and REAL ESTATE INVESTMENT

    For personal accounts, use the no fee ones... business accounts, I use TD which charge you an arm and leg.
  14. Alvaro Sanchez

    Thank you for this incredible honour!

    Nice! congratulations..
  15. Alvaro Sanchez

    Which bank will finance a 6 Plex 80% LTV for 30 Years?

    You should ask your broker but you can ask Darryl at First National
  16. Alvaro Sanchez

    Should I get insurance company involved?

    Your premium will go up regardless of your claim or not (I never seen premiums go down due no claims)... so I would phone them and ask if you are actually covered. If you are then I see no problem of submit a claim... yet, that's just me.
  17. Alvaro Sanchez

    Doing Joint Ventures while Seperated / In the middle of a Divorce

    I would get her to sign a piece of paper stating that she has no interest in the JV that you are doing (or planning to do) so that "she can walk the talk"
  18. Alvaro Sanchez

    Where does down payment have to be?

    Not true - full disclosure is the way to go.
  19. Alvaro Sanchez

    Where to invest cash while looking for a property to buy?

    Depends on how much time you are looking to buy? 3-4 months? I would keep it on a savings account as you need proof of down payment. Longer than that then short term loan to other investors.
  20. Alvaro Sanchez

    Urgently need to rent out Townhome for 1st Nov in Ottawa east.

    There is a meeting tonight at OREIO http://www.oreio.org/ and you can meet other investors, property managers, real estate agents who can promote your home or take over the management in case your are busy doing other stuff. Also note that there is a group of REIN members who meet every month...
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