In my agreements , if the tenant changes there mind then they lose the money. I also have a liquidated damages clause where they agree to pay for breaking the lease. In instances like this I have kept the money as I have lost possible tenants because I took it off the market. Now if you can re...

Sounds like you already made up your mind. If you do not feel comfortable keeping it then sell it , buy your place in Princeton and look at buying a rental in Princeton once you feel ready. This way you get your place and you can get settled in to it and then you could save some money for a down...

I had this problem of my laundry machines getting broken into and I locked my laundry rooms so only my tenants had access to them . Since I did this I have had no issues with my machines getting broken into

Why look any farther. This is the best blog and lots of experience here that you will not find anywhere else. Also you need to remember this is Canadian based and some of those other blogs are mostly American and don't relate to what we deal with

I have had tenants in the past say that someone stole there mail. I find it hard to believe because why would someone steal their mail? also you need a key to get into the mail box. When I looked at my mailboxes none of them had been tampered with. So my answer would be no you don't have to put...

Now days most banks will make you go through an appraisal to refinance.unless there has been a huge increase in value since you got the mortgage you may be. Able to get more money by the assessment but as was stated above probably only to about 65%

I don't pay hydro for my tenants. They pay for what they use. Once they have to pay the bill they won't be running heaters so it won't matter if they are paying.

The problem with mobiles is they are the hardest kind of real estate to sell and the mobile itself goes down in value. Also you still are renting in a sense because you are paying a pad rental.you might be better to rent and save your money until you have enough to purchase a condo or a single...

I would watch that, if the insurance company says they won't insure that, if you have 4 students in your unit knowing this. You may be in a fight for any claim. I find insurance companies like to not pay by they find any way not to. I have had claims in the past and they were perfectly with in...

I think once you reach your real estate investing goal you will be so into the real estate game that you will keep raising your goals and you will start buying more real estate. Thus accumulating more debt while paying down more debt from previous properties. so I think even though your reach...

I am also curious how you got government funding for your student. I was hoping you would share this with us. I am very interested in this.

I realize that they have a lot of advantages, but it seems that the ones I seem to find are in some very small towns. Which I don't feel very comfortable with. I find it more difficult to find these sort of investments as they do not come up very often. Just my experience with this kind of...

I have been looking for mobile home parks but hard to find . I have been looking for at least 2 years for them but anything I have found were in towns that didn't really interest me and that I had little faith in. I find office space to be a risky buy as if the economy goes sideways then they...

Thanks Cory. I own all my properties on my own and I bought them all through refinancing. Working number 9 right now if it makes sense and if I can come to an agreement on price.

I think you buy and wait don't wait to buy. If you can buy a place and live in it and rent the upstairs then if you do your due diligence then you may be able to live for free while your tenants pay your mortgage.

I totally agree with Cory , I own 8 buildings and I appraised 1 of my buildings and only had it for 8 years and it has over doubled in value. I had over a $900,000.00 lift in 8 years. If that is what people call "too risky" I will do it all day long. Well worth the so called risk IF done right.

I have never heard of property taxes going up because you rent it and not live in it. I don't think you have anything to worry about for now

Buy as many as you can and hold. Like Thomas has always said " if you hold long enough it will always go up" and of course at that point refinance and pull money out and repeat. This will make you a lot of money. I wish I would have started earlier also

I look at banks like stores, there is one in every corner. If you really want a car loan then go to another bank. Don't get upset over it and find another bank and move all your stuff once you find one your happy with.

I agree with Thomas. Sounds like it is quite a cheap lesson . Move on and get it rented and don't do it again.