Instead of re-writing Mark`s book I would recommend reading it. He covers all this in his book. You will need to have a mortgage broker to work with you that understands improving ones credit and familiar with RTOs. The applicant will have to show proof of down payment. You will also need to...

I would say 9 times out of 10 the cheque will get cashed. This eliminates the tire kickers. When selling a property you want to deal with only serious buyers. One technique people use is to place two deposits. One with the offer and the second one is provided when the conditions are removed.

Tax sales on decent homes are pretty rare. There was one last year in Newmarket ON. But one week before it went to auction the arrears was paid off. 65k tax bill. FMV 625k No mortgage (in tax sale all mortgages/liens get written off) 425k CRA Lien ALL CROWN Liens stay with the property. If...

Use the REIN property goldmine score card. How does it look after you have had a look at it now?

You will here anyone can do quick turn. In reality it is not for everyone and it is not for novice investors. Quick turn does take a lot more money than perceived to start (speaking from experience). The Canadian market is also a lot different from the US market where Quick Turn is best suited...

You can`t forget Wade`s Blog! http://www.hgrei.com/blog.html

QUOTE (Mike31 @ Sep 9 2010, 04:30 PM) Thanks Tommy. So the benefit to the seller is mortgage pay down, guaranteed appreciation and a guarteed sale. What is the standard if the tenant backs out of the purchase. I assume the owner keeps the intial down payment and monthly credits, but is this...

QUOTE (AndreaW @ Sep 9 2010, 11:53 AM) If you contact Phil Jarvie at HUB International 1-800-263-2383 ext 7086 he will handle it for you. Basically you get the seller to fill out HUB`s 2 page application, and I add my name to the seller`s as an insured party, loss payable still to mortgage...

Talk to HUB Ins. as I know they have done a few of these.

QUOTE (Luxmal @ Aug 29 2010, 08:18 PM) Thanks. Could I keep doing these without license? You can lend out Your own money. You will need a lawyer to register the mortgage on title and to draft up the documents. In what province are you working in? Good questions to ask when lending your...

QUOTE (Berubeland @ Aug 27 2010, 08:16 PM) Frankly if people can`t qualify for a mortgage they shouldn`t be buying. Why? There are many people with large amounts of capital but not the best mortgage qualifying abilities out there.

http://www.statcan.gc.ca Should get you some of the info you are looking for, Also try the local city website in the Economic sections.

Talk with Kevin, as he comes highly recommended!

Is it a new build, or a resale? Has the condo complex been registered? Talk to a mortgage broker see what kind of financing they can get you. I wouldn`t recommend talking to your local bank as brokers have more options and are generally better at finding the right product for you. If you are in...

Talk to a mortgage broker that will listen and understand what your long term goals are. ` What are your plans with the condo?

What specifically are you looking for? And how do you intend to use it? Lease Options are not widely used in Canada. Have I used one? yes. But I have not pulled the trigger on it and I do not intend to if I do not find a buyer for the home. There are some folks out there that try and get LO on...

Search the forums here. There is a long list of threads on this topic. To raise capital one needs to have the experience and knowledge in owning real estate investments. Also you need to be able to prove to other people WHY they will invest/partner with you. Education first, buy a couple of...

QUOTE (irealestate @ Aug 11 2010, 01:53 PM) 5) What in your opinion is the key for a great assignment deal? YOU MUST LEAVE money on the table for the next guy. In order to assign contracts you also need to have somebody or many people that will want what you have. You need to build a buyers...

I thought this post was about cash returns! Certainly oil and gas will play a big part in our returns as investors. I`m very forward thinking and I agree that the electric car or an alternative to the gas car will be around in thirty years. They have them now! As mentioned above oil and gas is...

In what Province are you looking to purchase?