I have been searching for duplexes on the mls and a bunch of listings came up. Many of them have descriptions as half-duplex and single family but advertises that it can rent the basement for this much and the main floor for this much. Are you allowed to rent out HALF duplex with Real Estate...

I`m gonna TRY to do this. but I was also told by others that most realtors will not bother helping small fish like myself find such hard to find properties.. and I don`t doubt that... if I find out that that`s the case I guess I`ll either have to drop the bar or try to find it myself somehow...

Thank you all very much for all the useful feed back! QUOTE (thomasbeyer2000 @ May 4 2008, 01:17 PM) ON, SK, some smaller AB and BC towns .. make sure though the town is not going away as some BC forest towns are .. hard to find in large cities like Red Deer, Edmonton, Toronto, Vancouver ...

So I`ve come to a conclusion after much feedback that I will now calculate the HELOC incurred interest as expense right next to the other ones such as vacancy allowance, property tax, etc... Thank for all the input and messages. I`ve now adjusted my property analysis sheet accordingly and...

QUOTE (thomasbeyer2000 @ May 3 2008, 06:58 PM) that is called "opportunity cost" .. i.e. what else could you have done INSTEAD ! so if you invest 40K in a mutual fund and could have made say 5% .. then $2000 would be the opportunity cost .. you would NOT count this as cost .. just as a...

Hm...All the replies here seem to conflict with what I learned from the Quick Start I went to last month in Toronto... The way they taught was that the interest on the HELOC would be the investment. But to me, your responses actually make more sense. When you invest in something you usually...

That`s currect. QUOTE (C2Ventures @ May 3 2008, 07:21 AM) Hi Turtleford, The HELOC source Neopez is referring to would likely be from equity in their personal residence or another property, so no it would not be considered the 2nd or 3rd mortgage. You get a mortgage for 75-80% LTV and then...

Hi Investors, The way I`m planning on financing is to use HELOC for 25% down, and the rest is just mortgage. Currently I consider cash flow as long as income is greater than all expenses, but excludes the interest on the HELOC. I consider that as my investment. So if the property gives me...

Doomer Glomers and Chicken Littles can be our friends. I think they can create opportunities.

By the way so far I haven`t got a realtor that`s doing that. He just throws be 20 listings that don`t even match the 8% rule... then another site he owns that is missing prices on half the properties. He doesn`t try to find out the rents either, just gives me a generalized ratio of 1br=900...

Thank, that actually let me know what to do. The amount is enough for what I need now. I can re-apply if value rises later. QUOTE (SamEfford @ Apr 29 2008, 06:29 PM) Are you satisified with the internal estimate? Does it allow you to meet your goals that the money is intended for? Can...

Hi all, Here is yet another rookie question from me. I`ve recently spoke with my banker about a HELOC and asked to get an appraisal of my resident property, I had a choice to get an appraisal or use the city`s assessment. I chose appraisal because the assessment is quite low. However the...

What`s the average rental income on the moon? That side where meteors don`t hit mean.

I`m not expert but what I`m doing is try to find a realtor who will search for properties that match the criteria. Give him the 8-10% rule and he`ll get you a list that you can filter more on. QUOTE (rabrol @ Apr 29 2008, 02:52 PM) I`ve been watching the Edmonton market for a couple of months...

I think those are great areas. Maybe not to raise a family but very convenient to live. If you can`t swallow all of them let me know QUOTE (donksky @ Apr 29 2008, 01:01 PM) Hello, I`m looking to invest in the areas of 10730-105 St., 124 st. & 127 St. & 106a avenue - what do u think of...

That`s what I`m starting to feel...

Thanks for the answer. I had no idea that`s what those numbers imply! By the way, VTB means the vendor provides you the mortgage and charge you higher rate than bank right? What`s the reasoning behind a VTB. I`m still confused about that.

Hi Investors, First of all I just want to say thanks for all the responses in the past to my inquiries. I can really feel the support here than trying to do this alone. I`ve been referred to a realtor in Edmonton who`s worked with REIN members before. I have went in detail with him about my...

Hm.. what does this mean to us? QUOTE (RandyBett @ Apr 28 2008, 09:16 PM) After a conversation today with two veteran REIN real estate investors-Owen Shaw and Ryan Chernesky-they prompted me to look at the number of total homes on the market that are vacant and/or a new build/show home-either...

Hi investors, It`s me, newbie again. I live in Vancouver and I`ve recently went to the Toronto Quick Start.. then in June I`ll be going to the Calgary one. Air tickets are killing me but that`s not the main point of this post. I`ve decided to start taking action. I`m slowly writing up my...