QUOTE (bizaro86 @ Nov 1 2010, 11:49 AM) I`ve never been a geologist or a Realtor, so I can`t say for sure. (Although I know and respect a good number of people in both lines of work). But I suspect it is harder to become a geologist than it is to become a realtor, as a 4 year degree is a...

QUOTE (MonteDobson @ Oct 31 2010, 10:56 PM) Godfried, If you as a realtor value your time at ~$150/hr, can you honestly say that it takes over 100 hrs between the seller and buyer agents to transact a typical $300,000 property? Not refuting the fact that professionals of all kinds need to get...

QUOTE (ThomasBeyer @ Oct 31 2010, 05:59 PM) services for WHAT though ? services BY WHOM ? sellers might do more showings themselves if a buyer can find them easier through MLS .. this LESS services are provided by a realtor .. thus less time per client .. thus cheaper .. and realtor might do...

QUOTE (bizaro86 @ Oct 31 2010, 01:18 PM) Indeed! Information wants to be free, as the cost of gathering and distributing information (like property listings) trends toward zero with increasing technology. Eventually all listings will be online, even if they are in different places. Then...

QUOTE (bizaro86 @ Oct 31 2010, 01:32 PM) This is a big pro. If you don`t have to legally fight this person, you can save all the legal fees it would take to do so, so all you`d need is the mortgage arrears. This puts you in a pretty strong negotiating position. If he doesn`t have any...

QUOTE (Sherilynn @ Oct 29 2010, 08:10 PM) Here is my understanding of it: Paydown does not affect net income as mortgage principle payments are not a deductible expense. Net income is gross income (the rent) minus the expenses (repairs, interest, etc...NOT mortgage principle payments). Since...

QUOTE (kfort @ Oct 29 2010, 03:01 PM) the only thing i can come up with to contradict that is that the reserve study noted a large deficiency and called for 89k per year for the next ~20 years to eliminate that defficiency. 180 units x $500/unit/year (say $50 per month) = ~ $89,000. Actual...

QUOTE (kfort @ Oct 29 2010, 12:32 PM) this does help! I appreciate your response. All of this is taken care of or else on the way currently. I made it clear to my agent prior to the offer that i required AGM minutes, monthly mins, etc etc and it just did not come. I get the impression the...

QUOTE (kfort @ Oct 28 2010, 10:14 PM) Thanks Mr. Beyer. The building is 1982. I emailed MY Realtor and told him I need up to date AGM minutes from this august. Currently there is 165k held in reserve. That is set to increase by 89,000 this year for sure but without the reserve plan by the...

QUOTE (housingrental @ Oct 29 2010, 09:12 AM) So this is similiar to something like bytheowner.com or fsbo but also posted on by realtors and targetting commercial properties? Do a lot of multi-family properties in Canada get posted on this that don`t get posted on ICX ? I checked it out once...

Really, how come that we have such diametrically opposed views about the risks of Canada`s residential market and consumer debt. This came from Canada`s private sector owned Residential Mortgage insurer`s latest quarterly report: TORONTO, Oct. 28 /CNW/ - Genworth MI Canada Inc. (the "Company")...

QUOTE (Sherilynn @ Oct 28 2010, 09:26 PM) I would not consider mortgage paydown as part of income until I sold the property. (Of course, technically it is not income but higher paydown increases income by decreasing interest expenses). Regards, Sherilynn It is kind of like compound interest...

QUOTE (housingrental @ Oct 28 2010, 12:37 PM) safad: In that case make the buyer agent agreement limited to only that particular property Thomas: What is this loopnet you speak of? Loopnet is a website for commercial properties in North America: http://www.loopnet.com/

QUOTE (springforward @ Oct 27 2010, 07:02 PM) So let`s see if I can be clear in showing the financial situation. ..... Godfried, I like reading your responses and your comments might still hold true but I thought it would be fair to give you a better picture. Take care all of you! You`re...

QUOTE (bizaro86 @ Oct 27 2010, 01:14 PM) How does that work with pocket listings? If you found out about a pocket listing from an agent, it seems like they probably won`t be very happy if you show up later with a buyer`s agent asking about it... Is that an issue? Michael I would say "So what...

QUOTE (JimWhitelaw @ Oct 27 2010, 10:23 AM) With respect, I think this is wrong. You don`t include mortgage paydown as a specific line item in rental income. It`s already accounted for in the reporting of your gross rental income. It`s not an allowable expense, so it sort of "falls out" of the...

QUOTE (investmart @ Oct 24 2010, 11:23 PM) Hi, really you do? well for investment purposes shorter amortization is actually worse. The reason longer amortization is better is: longer amortization means lower monthly mortgage payments ---> this means better cash flow ---> this means you need...

QUOTE (afshinrein @ Oct 27 2010, 04:06 AM) Hello, If I am collecting $1000/month rent ($12000/year) and put $0.00 capital because I use home equity loan, then what is my net ROI (my $12000/year rent - my investment cost of $3000/year)/$0 ??? my cost includes tax and HEL interest as well...

QUOTE (bizaro86 @ Oct 26 2010, 12:42 PM) I have tried this as well (as recommended in Real Estate Investing in Canada by Don Campbell) and got a huge amount of pushback over it, to the point that I was going to lose a couple of really good deals. I elected to follow Alberta convention, and buy...

You have to clearly understand how deposits work. They are a `sign of good faith and commitment to the deal`. When your write a PURCHASE OFFER` it is just that an offer. It is NOT a contract. To show you are serious, you attach a deposit cheque. Which is not to be cashed until the offer is...