+1 for voicemailtel... I use them and highly recommend to other small business owners... Click here for Voicemailtel

You can also try http://www.oreio.org/ which is open to the public or join us as guest in one of the Saturdays as Steve mentioned. NOTE: The group in Ottawa is not an official REIN chapter (or organized by REIN). It happens that all members are also in REIN.

It's my understanding that landlords do not qualify for FIT program.

Playing it by the ear is probably the best route considering the circumstances and be there when he asks for help. There is really nothing you can do to help as you don't know what is BEST for him.

Have any of you done a property management agreement where you also included an option to buy the property? Case: I have a owner who is selling 3 properties; In principal, I will be buying one and option the remaining two and actively manage them until closing in 1 year. My soft cost...

I don't have a script on my number, for the most part, I use websites and ads (kijiji/Craiglist) that link back to my websites. While I display a phone number, I use a local number vs 800 as I find that people want to deal with a local person. Plus, I am targeting a specific area. If the...

Try to contact a mortgage broker in your area.

I disagree with previous posting as I see a lot of people buying based on emotions (including some investors) when things change (divorce, jobs offers, relocation) they get stuck with the dream home. As per my previous posting, if you are getting emotional then get a third party to give you some...

If you are planning on a 700K purchase, I would hire a professional appraiser (who does not have any emotional attachments to the deal).

Based on my calculations, you would be -200.00 every single month. You need to budget property mngt, vacancy, repairs and conservative interest rate (5%). You would need to rent it at $1150 to break.

Thank you both Chris & Thomas... I am in Ottawa and most of the properties are in Ontario. I appreciate any referrals that you might have (for colleagues or lawyers open to AFS/VTB, etc).

I am looking to create a proposal to an existing landlord who is looking into retirement after 30 years in the business. He has several properties where some have mortgages and some none. He is open to explore some options to direct finance them and how best to minimize or defer some of the...

Good to know... Thanks!

Well not expecting much but they provide another way to market your units and to link back to your sites.

what, really? In today's day and age, it seems like years...

I posted a rental in Ontario and it's been a while... How long does it take to get a posting approved?

1) Yes, they are legal with proper documentation. Consult with your lawyer prior to entering into one as you are not to draft the document yourself. You focus on finding the deals and then have the lawyer create the documents. 2) To build a portfolio you need to able to raise capital or use...

It's nice to have other set of eyes.... after looking into more details, I just could not see how I can help them out (while making $ on the side). It's hard to walk away when you get a house with no money/mortgage qualification, etc. On to better deals, thanks!

Thanks for the comments...

I was presented with a case where there is no equity; mortgage payments + condo fees are higher than possible rental income in the tune of -200 month. These numbers are yet to be confirmed. I am looking to offer a solution via AFS/POA/JV where I take control of the property so that I rent...