This one... basically we let the tenant overhold for free (about a month) and then gave them access to get rid of the vehicle and parted ways. Last thing you want to do is to start to tie up someone's vehicle or rack up legal charges.

Wrong. The down payment grows at the rate of the mortgage. If you don't sell than you can access that capital. The rest is just a mistake in calculations.

I think the fact that TREB was taking this to the Supreme Court shows how disconnected Realtors are from their customers and what they want. Unfortunately, all Realtors will be painted with the same brush, and this does not apply to every Realtor. Core problem is that if Realtors act like cab...

Just provide notice to the adult when they are home. Whether legal or not, passing an eviction notice through a child is not a great way to win points at court if it comes to that.

That's not really a good idea either. Besides the cash flow problem, its a doubled-down bet on speculation. If the market goes south, how are you going to backfill that LOC when it doesn't cash flow? Do you think you will raise equity then? This is how people lose assets. LOC works for...

Hire a lawyer. A notary is a person who can stamp stamps.

Vancouver is one of the most expensive cities on the globe with disproportionately low rents (CBRE). So pretty much nothing is going to cash flow there. There is a bit of a bubble mentality that it can only go up. It is a market priced for perfection, there is no upside left from what I have...

I'd start by clarifying the 'goal'... most people want to make a x% return. So put the focus on that and not on a real estate goal. Who cares if it is 3 homes or 100 or 1? PATH 1: If you want ~10%. Buy and hold long term will probably get you there. Significant downside risk in Vancouver...

Readvancable is a better option. Are you thinking the flex-down could work for a value-add with ~60% occupancy? Why not go IO and require less cash up front to fund the cap ex?

^ Where is the affiliate link? joking...;) Actually working with sophisticated partners is great, especially other professional investors. No one can be all things, and very successful investors, business owners, and developers often use asset management companies and invest side-by-side...

Both ready for the taking now. Time to buy. Prices have come off a bit and if you look at recent sales comps they are selling below assessed value (not a perfect measure, but a good indication). Those who bought in the high are at the end of their financing term and the property equity is less...

I'd go without a Realtor for residential if there is any way possible. I don't think they do anything really that can't be done better by a reno expert and property inspector. It is your responsibility to know rents and the market inside-out. Everybody, EVERYBODY runs out of capital eventually...

There is a simpler way down payment * interest rate

The Smith Manouver is a pretty dangerous strategy all-in-all. If you have been successful at investing and building your reputation, I'd suggest continuing to build using equity, even if you have to raise it. Working with such a thin piece of equity in real estate is not a great idea. Keep in...

@StuckInABasement just leave. Nothing is worth that headache, go through the channels afterwards if necessary. Tenant contracts across the country deeply favour the tenant, you will have no problem getting out of your lease in almost any situation and you have legitimate complaints. Don't wait...

Thanks Cory, I take a look at them.

Can anyone provide a recommendation for a PM company that provides actual monthly reporting? I have been looking for a company and haven't found any that provide reporting. What I would like: - monthly Quickbooks / financials - property performance v. budget - PDF of any leases, receipts...

If she has some qualification ability then just use the 33.33% equity position as the downpayment and pay out the other two daughters at the average of two independent appraisals. Just need a legal structure to make that work. Don't use AFS, LTO, JV...just keep it simple. If she doesn't have...

No simple answer here. If you want to have a portfolio with different types of investments and operators you will need a combination of different kinds of fees for different purposes. Finders fees / acquisition fees are part of the program as are asset management fees and a back-end promote...

First stone that begins collapsing the Realtor empire. I don't need any help to push a pen, thank you. This was happening sooner or later anyways, just now it can be done legally. Frankly, Realtors probably will not be the best ones to publish these prices on their websites in the long term...