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  1. R

    The Star: Half-price homes? Canadians pounce on the Sunbelt

    Thanks for the interesting article. It`s facinating to watch the US situation. I`m afraid its going to get worse down there or at the very least stay bad for a considerable period. The impact of government debt will soon have to play out. Glad to be living up here.
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    We`ve just launched our new website!

    QUOTE (BarryMcGuire @ Mar 15 2010, 11:36 AM) Wow, I didn`t realize how much work goes into creating a website! After much agonizing and edits, we now have something that I`m pretty proud of. I want this website to be a helpful tool for all real estate investors. Your feedback would be very much...
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    RONA versus Home Depot

    Have spent many dollars in both these stores and agree with comments above. Rona seems to be out of stock frequently which makes for a wasted trip. Some, and I emphasize some, of the Home Depot staff have been excellent. Ask who in the store was formerly in the trades and you are much more...
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    Our Biggest Mistake

    QUOTE (JoeRagona @ Mar 14 2010, 02:45 PM) I`d like to share a small success with you. Thanks to the REIN organization and expert advice, my wife and I just closed on a three year pre-build condo deal. Wow Joe, Great solution to a scary situation! I`m sure there was plenty of stress and worry...
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    Another weapon in the tenant screening arsenal

    The following link will search federally or provincially. If you use the advanced search you can select multiple provinces. http://www.canlii.org/en/on/oncj/index.html Happy hunting!
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    TRANSITION IMPOSSIBLE

    QUOTE (WJW @ Mar 11 2010, 04:40 PM) WOW! Amazing what you can accomplish with the Power of Focus! BIG CONGRATS TO YOU BEN, and YOUR TEAM!!! Great job! An amazing amount of success in such a short time. Interesting what a bit of pressure can do for performance. After you take a well-deserved...
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    Looking for the best source of funding

    I am starting to look for a good lender for a commercial mortgage on a small retail plaza. All tenants are independent mom and pop businesses with no unusual risk that I know of. Can those with some current experience with, or arranging mortgages for, similar property share info? I am looking to...
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    First Deal Accepted

    Thought I`d post on today`s milestone. After a few other properties didn`t work out, I had my first accepted offer on a rental property today. It`s a 5 door retail plaza that I sourced as a pocket listing. Vendor revenue and expense numbers show a 9.1 cap at price offered and cashflows with 100%...
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    How can I require more funds?

    QUOTE (mortgageman @ Mar 3 2010, 10:09 AM) TD is not a rental-friendly bank. There are other banks that are much more receptive to investors. Which bank do you feel is most receptive? TD will only do up to 4 units as a residential mortgage. I have heard that other majors will do more, perhaps...
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    Delivery of Rent

    QUOTE (MikeMcC874 @ Mar 1 2010, 04:08 PM) Am I correct in my memory that someone before has mentioned that it is the tenants responsibility to ensure that the rent is delivered to the landlord by midnight on the first? Ontario question. I generally drive out and pick up the rents on the first...
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    trouble finding data when researching areas in which to invest

    QUOTE (housingrental @ Feb 28 2010, 12:35 PM) Phone city, they can often provide some but not all data Re " if anyone would like to share how they go about their own process of finding strong markets, it would be much appreciated" Yes. The top area to invest from REIN`s list is KWC. REIN...
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    Missing deck dangerous?

    QUOTE (housingrental @ Feb 28 2010, 01:05 PM) Check with building department. You don`t want to leave as is. You might be able to block it off though from exterior and interior so it can`t be opened like a large window. But check with city on this. That being said even if so, in most properties...
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    Paying Taxes On Basement Suite In Primary Residence

    Any loan supports a business investment is tax deductible.
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    Diffrence between duplex and single family dwelling with two units

    QUOTE (vandriani @ Feb 25 2010, 06:51 PM) I also find that the word "Duplex" means different things in different places. A duplex in Vancouver (BC) is typically a single structure with 2 dwellings side by side A duplex in alberta can be the same but sometimes also refers to a single structure...
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    Mortgage Principal Reduction Grrrrrr!

    QUOTE (VaughnandTwila @ Feb 20 2010, 01:31 PM) I just received my mortgage statements for my rental properties and the principal was reduced by a significant amount ($20K). I will have to pay personal tax on this amount and can not buy enough RRSP`s to offset it. How do investors handle this...
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    Dumb question - commercial property mortgage insurance

    QUOTE (surfermoe @ Feb 17 2010, 11:55 AM) Sorry in advance for the newbie question. My wife and I had our conditional offer accepted on a triplex that is zoned mixed-use. The seller is willing to do a VTB for 15%, and we`ll put down the remaining 10% needed for the down payment. Will be have...
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    How do you determine the maximum price you would pay?

    QUOTE (invst4profit @ Feb 12 2010, 07:39 PM) Cash invested in a property does not create positive cash flow, all it creates is a return on the cash invested. There are better ways to create a return on cash investments than the going mortgage rates which is all you achieve with a down payment...
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    Radical changes coming for CREA

    As in every field, there are many more inexperienced and/or untalented realtors than the relatively small number of both experienced AND talented few who are at the top of their profession. This certainly is reduced fewer still to those who are the best and focus on investment properties. These...
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    Tv show investigates Rich Dad Seminars..

    QUOTE (cailmoney @ Jan 31 2010, 08:49 PM) Anyone who has been to a rich dad seminar will definitely relate to this video. http://www.cbc.ca/marketplace/2010/road_to...h_dad/main.html Watched the show Friday. It was about as damning a critique as one could imagine. Hidden camera showed...
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