Tina, thanks a lot! Do you have any lawyer in Vancouver area that REIN recommend?

Hi Tina, Thank you for your information. First mortgage is with Royal Bank. From what I know, he has enough equity on the house, he is owing $460k for the first mortgage, and his house value is over 1 mil (BC Assessment around 900k). He is planning to apply for subdivision and then build or...

Hello REIN experts and investors, I have a problem now that really need your advice and experience. I lend some money to a guy to do his business, I registered a second mortgage on his investment property located in New Westminster, BC which is not far from my home. The problem now is that he...

Update information: I decided to pass this JV project. Thanks everyone for your input.

Matt, Thank you very much for your time and information. This investment is looking for joint venture partner. I was introduced by an investor friend who know this company and opportunity. Like any other multi-family investment, they will do reno, increase the rent, refinance... With $100,000...

Thanks Thomas for your input! For my understanding it is mixed commercial and residental apartment. Is it better or not? I will get more information on vacancy rate now specially for commerical part of the building.

There is a investment opportunity(joint Venture) in Edmonton, I am doing some research now. I need someone to tell me how is this area? It is located at 82 Ave. NW and 91 Street. How's the rental market in this area? What's the cap rate I should look for in this area? Thank you for your input.

Thank you Susan. I really appreciate your opinion.

Somebody approach me and want me to invest in new housing project in Dawson Creek. They are building right now. I am more worried about the vacancy rate than cash flow. Anybody knows the market there?

Thank you very much Sherilynn for your info. It is very helpful since this is the first RTO I have.

I have a joint venture rent to own property with someone in Alberta. This is the first year for the tax report on this property. He said he will send me a form T776, including the portion of money he paid me every month as income plus the portion of principal pay down as income. I don't...

To my knowledge, Scotia bank will use appraised value after 6 months of your purchase. Otherwise they will use only purchase price. I don't know other banks. Lillian

As a Chinese Canadian who live in Canada, but still have family in Beijing, I totally agree with Thomas. Asian immigrants will push the Vancouver real estate price up more...you will see the price increase again in the near future. My last visit to China was last May, I couldn`t believe how much...

I just applied for refinance my 2 mortgages recently with Scotiabank. I bought both properties in April, but 2 weeks away. My mortgage rate are prime-0.4% and prime-0.5%. I talked to Scotiabank two weeks ago and asked to get better rate. My options are early renewal, pay about $1500 each penalty...

QUOTE (Rickson9 @ Jul 13 2010, 08:06 PM) It`s turning out quite well for my wife and I. The only shock we`ve really had is how relatively easy it is to turn a profit. Honestly the hardest part was filling out the W-7 to get our ITINs. Could you share more details on your investment in US? How...

QUOTE (wgraham @ Jul 7 2010, 11:04 AM) I almost never pay utils....when you buy a car they don`t pay the gas.....I don`t see how renting a home is any different! The different is HUGE. When you buy a car, you own it and you have responsibility for everything including the insurance and damage...

QUOTE (LAndersen @ Jul 6 2010, 08:34 PM) We currently include utilities with our rent as our units are suites in a duplex and 2 SFH`s. This isn`t working out as the tenants aren`t responsible at all with trying to manage the utilities. Now we want to have utiliteis not included as the leases...

QUOTE (MonteDobson @ Mar 10 2010, 11:59 AM) Hi Lillian, I have used TD Waterhouse for one RRSP mortgage we did about 2 years ago. They have a very efficient online system for opening accounts, transferring funds etc. The one thing I was disappointed with TD was their customer service and...

QUOTE (ThomasBeyer @ Mar 10 2010, 06:21 PM) Think of it as a three course meal: appetizer = cash-flow main course = mortgage paydown dessert = value upside Well said, I like that!

Has anyone used TD Waterhouse for RRSP mortgage? Since I have Self-directed RRSP account with TD already, I just want to know if it`s worth to open an account with Olympia trust for RRSP mortgage. Thanks.