QUOTE (PaulW @ Feb 7 2010, 09:33 AM) Thanks Mark...I was originally looking at 8 years for $200K and 3 years for $100K and yes all the funds would be re-invested back in as my current job would pay my bills until I quit. Some of the posts mentioned I want $200K in 5 years which was not the case...

People always have interesting stories on how they got started with REI.  What are some of your stories on how you got started?  What were some of the early lessons that have made you successful investors?  How long have you been investing? Mine is pretty vanilla.  I was fortunate enough to...

are you willing to invest outside of the GTA?  Not much cashflow in Toronto. I was in almost in the exact situation as you three years ago, right down to the numbers albeit I`m a bit younger than you.  Our goals are a bit different though.  I am working on completely paying off my mortgage...

QUOTE (MikeDix @ Feb 4 2010, 10:33 PM) Hi fumbrunner, The RRAP program comes in a number of flavours (Conversion of commercial, Rehab of existing, disability, etc..). If you have the right building and location, CMHC will fund up to $24,000 per suite (more if you are up north). I am using the...

QUOTE (Pump @ Feb 3 2010, 03:27 PM) he explained we have to be able to prove the 100k is above and beyond in order to show that we can fix a roof or if we a tenants who don`t pay rent for 2-3 months etc. so bascially my understanding is we need 20% down plus 100k in liquid assets... he said...

QUOTE (Pump @ Feb 3 2010, 02:23 PM) was thinknig about buying a purely investment property 4-6 plex to start with, been reading a lot and finally called up a local branch of my major bank only to get something no one else has ever mentioned. little background... currently have my own principal...

QUOTE (Gen1GT @ Feb 1 2010, 12:21 PM) [/size] Your point about the $100,000 credit card limit shows how little you and the journalist know what you`re talking about. They tell you to ask for 100 G`s, because they expect you to ask for a lot and get a little. It`s the same thing as low balling...

I`m glad I did a search for this thread before posting a new one, since this is a program I have been looking into. I guess the question I have: is there a situation where applying for the grant does make sense. ie..If you are in a rent controlled area such as Manitoba or Ontario, would this...

QUOTE (Gen1GT @ Jan 29 2010, 10:34 AM) So if you can negotiate any deal both sides agree to, why do you hear so much of, "you can`t do that!" in the business? Ignorance perhaps? Big difference between private financing and financing with a financial institution or insured with CMHC.

QUOTE (kevindv10 @ Jan 27 2010, 11:58 AM) Thanks for the offer. If you`re interested in offering some advice please email me at kevindv10 at gmail dot com. Sadly, I am not yet a REIN member (although I went to the workshop last Saturday) so I can`t send you a message on this board. you bet...

QUOTE (jcab256 @ Jan 27 2010, 10:22 AM) That`s too bad. I was wanting to attend and bid myself, but decided that financially I couldn`t do it becuase of the reno`s I will be starting on a new rental property in a few weeks. I was kind of hoping you`d get it. I`m in the same boat actually...

QUOTE (kevindv10 @ Jan 26 2010, 08:35 PM) Will anyone offer any suggestions as to excellent property management companies in Winnipeg? My numbers seem to indicate that it would be a decent place to invest, but living at a distance from my investment makes me nervous. Many thanks. Kevin Be...

QUOTE (jcab256 @ Jan 26 2010, 02:28 PM) So? how did the auction go? if it is the one I think it was, I believe it occured already... Sold for about 10% more than I wanted to pay. Oh well, off to my next adventure!

QUOTE (mortgageman @ Jan 24 2010, 10:01 AM) There are different premiums for non-owner occupied rentals. The premiums are signficantly higher for 95 percent LTV mortgages. This is because the risk of default is higher. here is a link to the rental premium info sheet...

QUOTE (ctang @ Jan 23 2010, 01:02 PM) Thanks for the docs, I'm referring to 1-4 units. I checked both docs and there's no chart showing CMHC premiums for only rental properties, which is what I'm looking for (not rental - owner occupied). Anyone else know where to find it? I realize...

1-4 suites http://www.cmhc-schl.gc.ca/en/hoficlincl/m...se-03-27-09.pdf 5+ suites http://www.cmhc-schl.gc.ca/en/hoficlincl/m...uideDec2009.pdf

Blow insulation into their common wall.

QUOTE (ctang @ Jan 21 2010, 08:42 PM) Yah, my mortgage broker called and it looks like I`m SOL. My realtor might go in on a JV with me so if he decides to great, if not, i`ll just assign it to him. My debt servicing ratio is less than 40%..that`s with an 80% rental offset, anyway, I will see...

QUOTE (jcab256 @ Jan 21 2010, 10:25 AM) Question for all of you regarding what I should do for flooring in a house I am rehabbing for a rental, and targetting the middle to upper middle class of renter. There is a hallway that connects three bedrooms, the living room and kitchen, and I am...

QUOTE (ctang @ Jan 20 2010, 02:04 PM) I appreciate that. As long as I`m honest and tell them where the money came from, and provide them whatever document they want, it should be no problem. And to keep you guys informed... Removal of my conditions is tomorrow and Still no financing..I am...