By using a 35 year ammortization, all you are doing is deferring the mtg paydown component. For those buyers who are buying with 5-10% down and not paying down any principle during their pay locked in period, well, let`s just say I feel for them. This scenario shows a poor cap rate and only...

QUOTE (housingrental @ Sep 27 2009, 12:51 PM) There are literally thousands on mls currently...re my other posts though it makes much more sense to go for student housing though in KW... Here`s one.. slightly less rent but slightly under 160k so similiar rent to purchase price...

QUOTE (housingrental @ Sep 26 2009, 07:32 PM) Hi Lucky: That rent is obtainable for student housing. For non student housing its doable in smaller areas in Ontario. Add 20K+ to purchase price and doable with good selection of low end townhouses in many (non gta) areas Does that property meet...

QUOTE (hartie @ Sep 26 2009, 09:54 PM) I`m looking at a place in Port Coquitlam that is cash flow positive (I have run lots of scenarios and done a sensitivity test) and have done a lot of research into the house, current tenants etc. Assuming all of that is fine, does anyone have any comments...

QUOTE (thomasbeyer2000 @ Sep 26 2009, 08:11 PM) it`s a proven path to wealth ! Why is this risky ? It is low risk if you know the market and what rents ought to be in a certain market !! How do realistically raise rents 30-40%. Would this be a property that needs serious renovations?

QUOTE (housingrental @ Sep 26 2009, 07:32 PM) Hi Lucky: That rent is obtainable for student housing. For non student housing its doable in smaller areas in Ontario. Add 20K+ to purchase price and doable with good selection of low end townhouses in many (non gta) areas Ok, so give me an example...

That. Is some incredible rent you are collecting for a $140k property. Do you have the basement rented or is it a student rental? Is that current market value or did you buy it 10 years ago. QUOTE (kboughen @ Sep 26 2009, 11:24 AM) I avoid properties where most of your rent is going to...

That. Is some incredible rent you are collecting for a $140k property. Do you have the basement rented or is it a student rental? Is that current market value or did you buy it 10 years ago. QUOTE (kboughen @ Sep 26 2009, 11:24 AM) I avoid properties where most of your rent is going to...

QUOTE (invst4profit @ Sep 26 2009, 09:24 AM) I have read the book and agree with most advice but like most people add to book knowledge with my own real life experience. Paying down a mortgage does not generate positive cash flow and does not make you wealthy. To own a home outright means you...

Good points here. One point I rarely hear discussed is the hard fact that when interest rates go up Real Estate prices go down. Everyone talks about appreciation as though it`s guaranteed to them each year which makes bricks and mortar a sexy investment for sure but what about when rates go up...

QUOTE (housingrental @ Sep 23 2009, 11:15 AM) I have properties that cash flow with 7% mortgage`s Student housing in Waterloo The problem is hard to finance and even harder to find good deals unless patient, No offence.....but Rooming Houses, Student rentals, multi-family, legal/illegals...

I received the same letter from TD. This is on secured lines, unsecured are much higher. You cannot jump into the one year and jump out without paying a discharge fee! This is just a small dose of reality that these low low emergency rates are only temporary, used for stimulation. Don`t get...

I agree my srategy works better with high income or bigger downpayments. Invest4profit is an unusual case where he is positive cashflowing with 7% mortgage. I`d like to know if there are any others who have properties that cashflow with 6-7% rates as even Thomas recommends as the prudent...

How does this property cash flow at more reasonable interest rates of 6-8%? Many investors are cheering over posiitive cash flows with long ammortizations.....it`s almost epidemic. QUOTE (invst4profit @ Sep 21 2009, 02:32 PM) My plan is to retire Dec. 31 2009. My income property presently has...

QUOTE (invst4profit @ Sep 20 2009, 07:55 PM) Why would you want to pay them off. That is only slightly better than holding your cash in a savings account. There are better investment vehicles than tying up cash in a mortgage. It is far wiser to gain the appreciation on a property with as little...

I appologize, I did not mean to imply I am buying these T/Hs in Toronto. I would recommend buying in smaller cities/towns nearby. I have offers in on 4 brand new T/Hs, I have added some nice upgrades which will attract the best tenants and at interest rates of 4% the break even with a small...

I agree, thank you Thomas. I also agree that finding properties which are desireable, high demand locations which attract the better tenants, paying higher rents, newer properties, all in all demand the least management and maintenance are not available under $200k per door. Now, I am fully...

QUOTE (EdRenkema @ Sep 18 2009, 11:19 PM) Oh no! you know my name and where I`m from, where did you find out?? (BTW do you have spellcheck? do you proof read?) Congrats on surpassing the Jonses - you win the Pee contest. You are obviously so good at it there is no need for modesty false or...

all the below. As for the LOC I would do interest only, then once you have the investment on autopilot start attacking the principle$ QUOTE (housedoc @ Sep 19 2009, 08:34 AM) Advice? You might want to improve you math skills first! 20% 0f 290K is 58K.....5% of 3000 is 150..... You have left...

Hi Eddi from Beamesville! Trust me, my real name is no more exciting than yours. As far as selling high priced houses, well this is my carreer! I actually benefit from these inflated prices! I` m not going to stop my carreer. So I can change the world. That`s what we elect government for...