Jason - Looking for lowest interest rate - I prefer 5 year term - Will consider 4 if much cheaper which it doesn't seem to be - I'd consider longer but big rate premium - What can your firm do?
I'm looking to take out a small mortgage on my house.
Is it possible currently to do better than 2.85% with the scenario listed below?
What rates are possible and what lenders should be contacted?
What are the best rates available currently for mortgages with:
Ontario
5 year term...
Greg is correct on removal of services not being allowed.
To add to it:
In Waterloo the water is very `hard` so it is strongly
recommend. This will vary from city to city so it will depend where your rental
is.
The issue with not having one if you have hard water is mineral
build up on...
A new website is being made for Hoffaco Property Management.
The website will contain a section for rent to owns.
I want to reference people interested in rent to owns to you.
I want no involvement in rent to owns, you handle the entire process.
Please send proposals by posting below or...
A good post from Erwin above
To add to it dig deeper - how many small multi-units in Hamilton, that have all their units registered and approved by the city, are building, fire, and ESA compliant?
You should talk with a mortgage broker
Cash required will vary depending on the exact location / project / owner / plans
There is often cash available, but the cost and terms might not be what you need to make the build economical
Tango - Tell us about your back up plan / how you have mitigated risk if the major employer(s) close up shop in town or other reasons for population decline which is common in similar towns?
I'm located in Waterloo - send me an email through my website if you have questions on any properties / areas
You will have a hard time replacing two full time (even modest) incomes with $200K in 5-10 years
Doing small renovation and/or build projects can be the fastest way to get there IF you...
It is cultural - people do not want to share what they consider private and also do not want to offend.
It can come off as bragging and does not provide any benefit to the community.
Tango feel free to post your tax returns starting from the year you started investing in real estate to today.