The demographic argument was used in 1989. I boght it the but I won`t buy it now. The current stability is bein created by luring consumers further into debt with cheaper credit and becoming desensitzed to large debt is the whole issue. The only alternatve I see to what is going on is massive...

I don`t underestimate them at all. I know exactly what the average home buyer is thinking.....not thinking at all. They are keeping up with the "JONSES" and counting on the rates not doing anything too crazy. We really are at the mercy of the interest rates. The average mortgage being take...

I don't understand governments' obsession with stimulating the economy. Refusing to allow markets to be cyclical seems like a dangerous plan. Driving interest rates down to the point of no return and then yanking them up inevitably just delays what must happen but multiplies the problem by...

Word from the Mortgage Industry is that the Variable rates will be at prime minus .25% within the next 90 days. What are they trying to do, burn the house down? What`s yoy prediction? How is this going to unfold? Is this the New Economic Paradigm or is this going to end bad with mortgages...

If she`s threatening to pull out then her business in your location is not that important to her for some reason. Either your location is easily replaceable for her type of business or she is bluffing you. You need to determine which one. That`s why I prefer to own real estate in prime, prime...

Garbage strikes may be coming to a town near you, can`t control it and thankfully does not happen often. "Crackheads", are you implying Spadina. & Bloor is full of crackheads? QUOTE (jseib @ Sep 15 2009, 07:03 AM) And trade legality and maintenance issues for garbage strikes and crackheads...

I still have Prime. Are the allowed to change the agreement just like that?

I don`t do student rentals due to the legality, high maintenance issues. However I do understand the attraction for the higher cap rates potential. A 7% seems far too low when one considers you can almost get a single family dwelling with the same cap or a multi res in downtown toronto along...

Should be part of you rental agreement. Tenant agrees to maintain the grass at their own expense. (Includes providing lawn mower, cutting, weeding, watering)

QUOTE (invst4profit @ Sep 8 2009, 02:09 PM) You should also keep in mind when figuring positive cash flow that every investment property has two sources of income. The property itself generates a income but so does any cash or down payment injected into the purchase. This also includes...

QUOTE (AndrewB12 @ Sep 14 2009, 12:36 PM) dude seriously it was a 5 bedroom house with 5 friends living in it. i didnt "chop-em up", settle down. building code? why does 5 students living in a 5 bedroom house not meet the building code, but a family of 5 living in a house would meet the...

Just looked into this myself. There is no tax advantage to incorporating unless you have more than 5 full time employees throughout the year. Then & only then will u qualify for the small business deduction. Actually if you are incorporated you will pay 4% higher taxes than personal. The...

QUOTE (aiden1983 @ Sep 10 2009, 11:22 AM) Most Economist don`t see inflation happening soon since it is caused as a direct result of increased wages. This increase will not happen since most people are trying not to lose their job never mind asking for a raise (the actual unemployment rate is...

Be wise & do what everyone else does, number 3!

The reason many say that mortgages can only go up is because of economic factors pointing to inflation or even possibly hyper inflation. I try to not be a doomer but when ever Warren Buffet warns of inflation coming soon...i tend to listen. The problem with staying with the variable rate...

My parents retired in their mid 50`s able to save approx $100k per year because of their real estate income. Their motivation came from the FEAR of retiring broke and not trusting the government or their company pension plans. This was a FEAR we all should have but very few do and so most work...

When members talk of cashflow, are we talking about positive cashflow after all expenses. Are we counting the principle paydown of the mortgage? The mortgage ammortization rate has alot to do with cashflow if the principle part of the mortgage payment is not accounted for!

Anyone else have any knowledge about these illegal multi-family dwellings in Downtown Toronto? Investors are buying the single familiy home, renovating to meet fire codes, renting for top dollars, and raking in huge returns PLUS paying lowest property taxes because they are zoned as single...

QUOTE (invst4profit @ Sep 6 2009, 08:13 PM) http://www.ontariolandlord.ca/forum/ The city is unlikely to crack down on basement dwellers but mid to upper end illegal properties will be targeted. There is a shortage of affordable housing in the city which is why they will turn a blind eye to...

Hi, New member here! Sorry for resurrecting an old thread but I did not want to start a new one on the same subject! I have a friend who purchased a semi in little Italy area of downtown T.O. also. It was used as 3 apartments previously. She vacated the property, renovated it for over $100k...