Thanks again all for your advice. Do I list the property now and get rid of it? I don't see the condo market declining that much or at all in 2017. The reason I ask is because I have a 5 year fixed and the mortgage renewal date is in JUNE 2017. There will be penalties to pay if I sell before...

Hi Talbers, So you paid cash in 2011 and now thinking of financing them with Eric Lynch? By the way I have used Eric Lynch for 3 investment properties in AZ. He's a great guy! I would finance it pull some USD out and use that money for down payment for more properties in L.V. or AZ.

Thanks for spending the time and checking for me Tina. I have found a Property Manager and property is rented out as of Nov 1.

Thanks Tina for the Williams Lake property management contact. I have found a PM and property is already rented out for NOV 1.

Hi Tango, I have invested in a few private mortgages. Private mortgages are risky but this deal doesn't sound that bad. $165,000 Current Price (has the property been appraised?). $100,000 total loan (your loan will be in the first position which is good). 60% LTV? thats pretty good borrower...

Thanks for your opinions. Matt I own 4 other rental properties in a different market, that are doing very well. Love real estate investing. I do have RRSPs, TFSAs. I agree margins are way too small.

Hi All, I bought my first investment property - condo in 2007. Paid $71,000. Vacancy rates were 0% real estate prices on the rise then 2009 hit and Williams Lake has never recovered. Vacancy rates are about 10%, real estate prices are down. Don't see any economic upside to Williams Lake in the...

Hi, Could someone please recommend a good property manager in Williams Lake BC?

Hi Cheryl can you add me to your EDM mailing list? [email protected] Thanks

Hi Colleen, Hope you are enjoying the summer! Thanks for contact me. What type of deal do you have on the go? I used to lend out 80% LTV with a 2nd mortgage but now with these inflated prices I am at 75% LTV with a 2nd mortgage. Take care, Jon

What do you have for sale? Price, Rents, strata fees, pro tax etc...

Hi, all the big banks are going MAX 65% LTV not 80% LTV. The rate your looking at is 3.2% although I have heard they might still offer 2.7%. You might want to try credit unions, or private lending? The big banks should do it without any legal or appraisal fees as long as you ask.

Hi Maverick, Did you ever end up buying in London Ont? What do you think of the market as an investment. I am looking into a 4plex. Economy, population and rental?

Hi, Do you currently invest in London Ont? If so could i get your opinion on it? Economy, average rent etc... love to hear from you.

Hi Thomas, I appreciate your expert advice and wanted to ask you a question about private mortgages. - what do you think about them? - how would one start a private mortgage biz with 2 - 3 guys in the group? We wanted to start small then bring on more investors as more money is required.

Set up a CORP. I am in an investment group with 4 total people. We all own 25% share in the company. We each do different tasks and we each knew what task we would be doing before we got into biz. It has worked out well for our group. Even though it has worked out well I would rather be the...

Depends what your plan is with the property? If you want to refi after 2 years then go 2 year fixed.

Send me the proforma for your 12 plex. Might not need a realtor get a private deal done with an investor?

Hi Alex, I would buy a home for your family first. Focus on paying down the mortgage and hopefully you will have nice price appreciation in the GTA over the next few years. Take out a LOC when you have some equity built up and use that for a down payment on a rental. You can also find mortgages...

Hi, Has anyone had any luck refinancing a US rental property with a US bank? If so what bank and what was the LTV? Thanks