QUOTE (selewis @ Mar 28 2009, 10:49 AM) another follow up question... the income tax program we use gives the option of choosing "sole proprietorship" or "co-ownership" of the rental properties. i assume we are co-owners of the properties. both our names are on title and on mortgage. if we...

can someone comment on what the rental area is like around 170 St NW and Groat Rd NW close to the Yellowhead and Sir Wilford Laurier Park. Thanks

QUOTE (andrewsimpson @ Mar 26 2009, 02:29 PM) Let me guess, he has some real estate for sale??? Hmmm.... Well that`s what he does....invests and sells in real estate opportunities. Aren`t we all doing the same thing here? Just surprised by all the negativity for someone with a positive message...

QUOTE (DavidSandbrand @ Mar 26 2009, 01:40 PM) How do you know that`s true? Would you believe that I`m actually eight feet tall? Darren runs a marketing company, and having his employees talk him up is marketing. I`m not calling Darren a liar, but his talk doesn`t always match his walk...

QUOTE (gottarun @ Jan 31 2009, 01:21 PM) The only thing good about Darren Weeks seminars is that he has draws during the night. Both my sister and I won the Cashflow games 101-202. So we got our moneys worth. It was a free seminar and we walked out with 2 board games valued at $350.00 each. Ha...

QUOTE (investor13 @ Mar 21 2009, 09:17 PM) How does it work with personal guarantees for mortgages on multi-unit investment properties? I know for the house mortgage you have to sign personal guarantee. But in the case of investment building, I want to limit my risk to losing the building and...

QUOTE (billf @ Feb 28 2009, 08:37 PM) Hi, I often deposit my cheques the day before the 1st using the bank machine with no problem. As for NSF cheques, I use Scotiabank and the cheques take 10-12 days to come back NSF some times, and never less than a week. If you find out in 2-3 days consider...

QUOTE (rosecorp @ Feb 24 2009, 10:01 PM) Hello All, We are in the process of buying a apartment building,was wondering , what different types of due dilligence checklists were being used by REIN members and if it would be possible to get a copy of them? We would really Appreciate it. Not sure...

QUOTE (adamturner @ Feb 23 2009, 07:06 PM) My house is presently on the market in BC. My home only has a wood stove as the source of heat. My agent says that the banks will not finance the purchase of my house because of this. Is this true or not? Cheers Adam Not only that, how about trying...

QUOTE (thomasbeyer2000 @ Feb 22 2009, 11:31 PM) that`s awesome ... what loan to value ? price/door ? where ? condition of property ? rent roll / month ? Its the type you always talk about Thomas... the kind that is just being maintatined to a basic level, out-dated living units and lower than...

I think this is a great time to buy...interest rates are low and are going to go lower or stay the same at least for the forseeable future. I am looking at a 10 unit apt building right now and have approached my mortagage broker and credit union with the financials and they`ve quoted me 4% - 5%...

QUOTE (realfortin @ Feb 21 2009, 03:32 PM) Electric baseboard heaters are generally close to 100% energy efficient... unless it is faulty, the only thing you need to do to is take the cover off and clean them to ensure a good airflow. What you may save a lot if you change the thermostats to...

QUOTE (lgrossi @ Feb 11 2009, 04:04 PM) I have a townhouse for rent (about 1,044 sq ft) in Castledowns (164 Avenue and 109 Street). Most of my comparables for rent are townhouses that do not have heat and water included and current rents are about $ 1,295.00 per month. I`m guessing that I should...

QUOTE (Yev @ Feb 8 2009, 03:42 PM) Other negatives to consider with getting a grant: 1. Low-income tenants = more repairs/maintenance on tenant turnover 2. You CAN NOT raise rents to market level at turnover 3. You will have a very hard time selling the property if it is `bound` by one of these...

QUOTE (investmart @ Feb 7 2009, 01:12 AM) Thomas is 100% correct! Brenda, How will it bring up the value if rents are unfortunately capped and a 7-plex value is mainly a function of: 1. Current CAP and 2. Potential Future CAP. Carol, you did not mention a thing about capped rents(!?) if...

QUOTE (Carli @ Jan 9 2009, 05:16 AM) If you own investment property in the Vancouver area (especially downtown condos) do not rent to David Roland Messina. He is a convicted fraudster who has been renting apartments and then subletting them to unsuspecting foreign students for ridiculous amounts...

QUOTE (ynottravel @ Sep 10 2008, 08:59 PM) I live in Winnipeg area, just joined a month ago, would be glad to grab a java with a like-minded! email me at [email protected] I live in Winnipeg as well and am fairly involved in the local market. Let me know if you locals want to get together

I am a life-long resident of Winnipeg and I currently own a couple of multi-family properties in Winnipeg, which has finally seen excellent capital appreciation over the past 2 yrs, on top of that you can get very good positive cash flow properties. I am looking at doing my first JV deal, on...

I have a general interest in how a canadian citizen can purchase US property. Do you need a U.S. bank account or a U.S. presence of any kind ? How do you find distressed (foreclosed) properties, can I purchase at an auction ? Thanks