You should make it official by making a mediated agreement at your RTB, just in case the cheques do bounce. You will at least have some recourse at that point.

QUOTE (Berubeland @ Sep 10 2010, 12:55 PM) I checked using my postal code in Toronto. The thread is about basement apartments, which are usually not at market rents because of the space being in lower demand. There are restrictions of course and anyone interested can get free money (up to...

QUOTE (gwasser @ Aug 20 2010, 06:19 PM) Hi Neil, When you use an unsecured LOC for downpayment you are basically 100% leveraged, or in Simmy`s case 95% on a $100,000 property that provides $20,000 rental income (where is that property located?) This is just irresponsible. A minor downward...

QUOTE (tmacdonald @ Aug 9 2010, 02:21 PM) Winnipeg REIN Meeting! It may be a swealtering 32 above but we are going to meet anyway...in an AIR CONDITIONED ROOM! Where: Cindy Klassen Recreation Centre 999 Sargent Avenue, West End (Meeting Room Adjacent to the Registration Desk) Start: 7:00 pm...

QUOTE (ontariolandlord @ Aug 2 2010, 11:06 PM) Should they? No, of course not. Will they? Who knows. The Banks control the BoC. Does the sun ever shine in your world, ontariolandlord?

Back from my vacation. when is the next one of these?

QUOTE (hotbunz4 @ Jul 12 2010, 08:34 PM) Yes I have redone the electrical and installed two, 100 amp panels. Electric on top, really? That would be a lot cheaper initially, but isn`t it expensive to operate? I know I wouldn`t want to rent an apt. with electric heat that I paid for. ...Or maybe...

QUOTE (hotbunz4 @ Jul 9 2010, 06:38 PM) So I`m rebuilding a duplex (gutted due to fire) and found out that I can`t have one forced air furnace (air can`t travel between units). A boiler would be fine, but I`m also thinking of possibly doing two forced air furnaces. This way i can install two gas...

Darn, I keep having to miss these. I will be away on holidays at that time. Please continue to keep us posted on future dates.

QUOTE (VerticalProperties @ Jun 4 2010, 09:24 AM) Thanks Brent, I may go that route....Can your tenants use these methods online? What about having tenants provide electronic interac payments? Any tenants that use internet banking should have access to that type of service. I use it for the...

QUOTE (joe123 @ Jun 3 2010, 12:20 AM) I`m trying to access more equity out of a very good cash flowing property. I originly put down 20%, 3 years ago, and the market is still lower than what I paid for it.. argh Edmonton... I figure it`s getting close to 20% equity again, but I`d like to keep...

I will be the first to admit that I jumped into the real estate game without the proper research that REIN and Don Campbell preaches. But I do have to admit that I have been fortunate. I just sold the first rental that I purchased and while it was a solid property, it initially did not cash...

QUOTE (ThomasBeyer @ May 27 2010, 10:14 AM) because cash-flow is tight ... and you need a dozen properties or more to have a decent "income" .. and unless you start with a few million in cash that takes a decade or so for the average Joe .. maybe a tad shorter for supermen ! Thomas is...

QUOTE (2ndstory @ May 26 2010, 11:18 AM) True enough. BTW, my preferences would be red, BMW, female, BC, and steak from AB. Thanks Thomas, and others for input. The tough part about doing this here in MB is rent control as well. If I buy a revenue property that needs some work and put some...

QUOTE (2ndstory @ May 26 2010, 09:26 AM) So... I can either slowly build my portfolio of high end properties with little cash flow and possibly a larger pay off in the future, or build my portfolio more quickly with mid to lower end properties and better cash flow, but less appreciation. Trying...

QUOTE (2ndstory @ May 25 2010, 02:55 PM) Good points. I guess I`m wondering which way to lean. Less cash flow stronger properties, or better cash flow weaker properties? Nik For me, value for money and cashflow is important. It helps to finance additional properties. As you mentioned, it`s...

I don`t think that those are your only two options. You essentially pointed out two points on each end of a continuum. There are certainly some areas that cashflow well without being in the North End core. Certain areas of elmwood, the north north end (ie inkster) and weston are areas where...

QUOTE (MechTech @ May 22 2010, 08:21 PM) Found an interesting article about rent control in Manitoba and was looking for some input from people investing in the market here, even from people who know a bit about it. With property being so affordable in Winnipeg is this an issue with moving...

QUOTE (jcab256 @ May 20 2010, 08:11 AM) Thanks everyone. I didn`t think it would work, but was curious enough to ask. FumBrunner, the reason I was considering this, is so that I would quit my `day job`, but still get paid for the work - I would essentially be paying myself. AH, I see now...

QUOTE (jcab256 @ May 19 2010, 03:36 PM) I am currently renovating a home and paying for everything out of a LOC. I will then remortgage to pay off the LOC, and then rent the home out. Now, Can I pay myself, out of the LOC for renovation work that I do, without creating issues with the CRA, and...