QUOTE (GaryMcGowan @ Jul 29 2009, 08:01 AM) You need to remember that the banks will only lend to you 80% of the value, which is $168,000 for a conventional mortgage. Hi Gary, You are right about the percentage the bank will lend you. With what I am referring to in my example, I have already...

QUOTE (investmart @ Jul 28 2009, 08:05 PM) Hi, sounds like there is confusion between ROI per year while holding and TOTAL ROI calculated after selling. (total as you did not mention property holding period before selling) There are different types of/ways to calculate ROI. Also, please...

Given the following example: My question is...With the example above (not the most ideal in terms of leveraging) the ROI is only 5%, but what if the cash to purchase the house at $200,000 came from a HELOC and in turn shortly there after converted to a conventional mortgage at a very good...

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Thanks Guys for your inputs. I currently own 2 stalls and renting the second one to other residents. In fact it`s been rented continously in the past 3 years... that is why I am thinking of purchasing more in my building and also in the other building as well. Some of them also comes with a...

Hi all, In the building of one of my condo unit, the builder is selling some of remaining parking stalls for $6000. They originally cost $10,000 in the beginning. I am also thinking of purchasing some in the other buildings as well. Would someone give me advice if this is a good Idea? I...

I think it all depends. In most cases I do prefer empty, but in today’s slowing down market you might have to consider assuming the tenants. Just do your research... Besides you have the option to dig in and search for red flags to make your decision. Ask for lease contracts, request to...

QUOTE (rymac @ Jan 6 2009, 12:02 PM) I believe its counted by land titles. Your two units have the same land tittle so it would be only one property. How about titled parking stalls? I have a couple that I rent induvidually and planning to buy more. I found that they cash flow very well...

Hi all, For about a year now I have been dealing with families from the South Americas migrating for work in Canada...just want to say, it`s been a good experience…what a very respectful individual I have ever dealt with. From time to time I have a person that I hire to translate for me...

I just filed a caveat on the parking stall unit at the Land titles. Apparently this builder is well known for this type of issues. I just learned that another person in the community might be in the same situation. As well not too long back in 2008 this builder was featured in CTV for similar...

Hi Everyone! I just would like to ask your help and opinion on a matter that I have been facing in the past 3 - 4 years with the builder regarding a parking stall here in Calgary. When I purchased a condominium off my sister 3 years ago we both (her the seller and me the buyer) have learned...