Too bad you can`t short houses.

QUOTE (RedlineBrett @ Sep 29 2008, 11:01 AM) Put yourself in their shoes - you have one buyer that needs two days to remove conditions and wants to live in the property and another that needs two weeks and won`t...which would you feel better about? Given that every investor wants a killer...

I`ll also add that it`s not uncommon for one to two business days to pass before your broker gets the commitment letter back from the lender. This can be even longer if deal volumes are really heavy. It also typically takes 24 hours to have documentation reviewed by the lender. Tenants have to...

Hi Todor Way to go! Keep up the good work. Jason

Sorry, can`t get the link to work. Copy and paste works though.

Hi Monte, There was a story in the Edmonton Journal on Friday quoting Boardwalk`s CEO saying he`d rather have incentives or rent decreases than vacancies. The story was actually about Boardwalk`s profit being up 13 percent for the quarter. Here`s the link...

Hi All, As you know, lots of changes happening in the industry these days. Yes, Firstline has reduced the discount they offer on their variable rate mortgage. Brokers that deal with Firstline fall into different categories depending on the volume of business they do there. The discounts a...

Do you have pension income? Do you have investment income like dividends? Does the fourplex cashflow? Does the subject property cashflow? Do you have other debt obligations that are paid monthly? The bank is going to want to know your ability to debt service the mortgage. All things being equal...

There are lenders who will require insurance even with 20 percent down IF you push the amortization beyond 25 years. First National is one example

Hi Chris, Interesting experiment and results. I was surprised not to see kijiji because it seems to be very popular. I use kijiji and Rentboard. I`ve also used rentfaster/rentedmonton in the past. kijiji is by far and away the best website for lead generation, at least in Edmonton. I suspect...

Several lenders (ING and Firstline) have immediately moved to maximum amortizations of 35 years. They will honour 40 year amortizations on deals that are already in their pipelines. So I`d suggest that you start analyzing properties based on 35 year amortizations and if you can snag the extra...

More walking = more exercise I do think that tenants might appreciate a decent tool that won`t cost them money for gas/electricity.

Oops. Typo on the model number. It`s a 380, not a 320. They are an aqua blue. You can`t miss them on display. Sold in a two foot by three foot or so box.

Last weekend I purchased from RONA what I think may be the best lawnmower going. It`s a Gardena 320. It`s a reel or cylinder (no motor) push mower but it`s not like those horrible heavy steel monsters that were the bane of my childhood chores. It`s incredibly light and smooth to use. My...

Food riots/demonstrations are already happening in several countries because of escalating prices. Other countries are limiting rice exports. And I think North Americans are likely to soon see food costs taking up a substantial part of the family budget. I think the day will come when far flung...