Things are much better now thanks, and yes my boy is recovering well, so we are having a party this weekend to celebrate! Now off to buy more real estate before the buying window closes ;)

The problem here is all of these options include greasy hands in your pocket stealing the equity you have worked hard to build. It sounds like you wish to keep and she wishes to sell, but depending on what you are able to work out the best all around solution is to simply calculate the equity...

It is unclear of what the risk is to you losing your portfolio, and why you are looking to JV in the first place. Generally what you would do is treat it like a new purchase and get a new 80% LTV mortgage and appraisal as day 'zero' with a partner, then do a 50/50 split from that day forward...

Just because it's cheaper doesn't mean it's a better investment. There are many folks underwater still who bought apartment converted condos in the Alberta boom of 2007. Tack on reserve fund issues, and incompetent condo boards, all form a case that condo's, especially in older walk ups make...

For the amount of cash we are talking about here, this is not worth another millisecond of your time.

Good

No, just mask up as the particles are friable and remove all ceiling, and floor tiles and you should be good.

It's not just for first time home buyers, but everyone as far as I know as long as you just have one. More than one individual I know personally has done very well by buying with 5% down, living there for a year, renting out, and buying another place at 5% and repeating several times.

Anytime, if you wish more info don't hesitate to direct message me.

I'm not suggesting they are a scam, I'm just saying they are controversial and one must have a compelling reason on why your doing it. If for example, you knew the market was about to experience high appreciation, but who does? Do you have a good reason on why you must buy now?

Is there such thing as a good payday loan or reverse mortgage?

As noted it is also MUCH more difficult to find decent and/or reliable trades or property management and costs can often exceed what you can get in a larger center. You can do extremely well if you time correctly, I just saw a premium building in Fort McMurray sell for 70K a door, 5 years ago...

Adjust your risk accordingly. Smaller centers will always demand a higher CAP rate to compensate your risk of a downturn. Look no further than centers like Grand Prairie, or Fort McMurray for example. If your buying at a 5.5 CAP in Edmonton expect a 6.25 in Red Deer, maybe 7 in GP, etc. Also...

RBC is the only option for a 6 plex in my opinion, as qualifying is a mix of building income and personal, and almost no (ridiculous fees), or reports.

Good job!

Greetings all, I was inspired this morning to share some success this year with the group, and although a very tough year personally it seems to be ending on a good note. About a year ago my 11 year old son became ill with a life threatening infection, and after many stints in hospital, three...

Great post and thank you for sharing! You are absolutely correct as more members should post details of their purchases, hence I will do just that right now under success stories.

Why not in your hometown Fort McMurray? There must be some good deals to be found there right now.

This would be a good idea if this is your first property, a mortgage helper with a suite, and get your feet wet to decide if land-lording is for you. This is how many investors, including myself got started 18 years ago.

Property acquisition is by far the most most difficult aspect of real estate investing. Almost all of your gains are made the day you buy the property, thus a bad purchase may not be obvious for a while, even years, so in my opinion 95% of your focus should be on locating winning deals. You can...