Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

Search results

  1. LillianHo

    Variable or Fixed

    I think if you choose variable rate, it will help your DCR for the next purchase? Because with the same amount of mortgage, you will pay less payment every month, so your debt is lower, and you can approve for more the next purchase. Let me know if I am wrong. Also, one thing we need to keep...
  2. LillianHo

    Who pays GST for new townhouse

    Let`s say I bought a new townhouse and I want to resale to somebody else right away. Can the new buyer pay GST and get rebate? Let`s say assignment is not an option. How about the completion date I close with the builder is the same day I close with the new buyer? Any clarification? Lillian
  3. LillianHo

    Rent to Own Calgary

    QUOTE (VicChung @ Feb 11 2010, 09:23 AM) Hi Everyone, Thanks for your input. I am re-posting every 2 days and this may explain the 19 visits only as I reposted late last night. With regards to the rental price, my concern is that the rental price might be too high. For example, a 1/2 duplex...
  4. LillianHo

    Where can I find assignment form?

    I had an agreement with developer ( builder) that I could assign to the third party, and the assignment fee is $2000. The reason I want to assign now is I would avoid the GST and transfer tax. Do we have assignment form on REIN forms? If somebody have done the condo assignment before, I want to...
  5. LillianHo

    Where can I find assignment form?

    No, I haven`t. Thanks. QUOTE (gwasser @ Feb 1 2010, 08:43 PM) Did you already take possession?
  6. LillianHo

    Where can I find assignment form?

    I need your help on this subject. I own a pre-sale townhouse in Surrey, and I can make some money on because of buy low from the builder. The T/H will be complete in the end of this month. I have somebody interested to buy. Which legal form do I need between me and the new buyer? Could you tell...
  7. LillianHo

    Advice needed - Prince Rupert/Port Edward Investment Property

    Do you know Prince Rupert Port Edward district? I need your feedback on this investment property. Oceanview Drive, legal duplex. 4 bedrooms, 1 bath at each side. Two address, so can sell seperately. One side rented to a family $500 ( below market rent), this family has stayed there for over 6...
  8. LillianHo

    Share your experience on creative financing?

    Thank you Scott and Thomas. Yes Thomas, you are so right, I heard so many "no way". I guess I have to keep trying ( make offers) and not get discouraged by Nos. Do you find easier to talk about owner finance with the sellers? Is it possible with the realtors involved? Lillian
  9. LillianHo

    Share your experience on creative financing?

    I am very interested in creative financing with the seller. I know somebody who is very successful doing it. Have you done any deal with creative financing like owner financing 10-20%, no interest for 5 years, option to buy in 5-10 years or owner finance all the purchase? How would you approach...
  10. LillianHo

    Damn Dog!

    I know it`s very frustrating. I just recently bought a "no poop zone" sign and put it up on our lawn. Did you try to talk to the owner of the house? Normally the owner doesn`t want the neighbor to complain their tenants to the city hall especially if it`s from illegal suite.
  11. LillianHo

    Fees to attend Toronto REIN Meeting

    Hi Ben, For my experience in BC is like this: If you are not member and would like to attend the meeting, you need to give them a call first to fill out a form, and you pay $200 per person at the door. After the meeting, if you decided to join, then they will use that $200 for the first month...
  12. LillianHo

    Advice on using HELOC

    Thanks all for your input. I used to work in a bank, I remember they use purchase price or appraised value whichever the lowest one to mortgage a property. Am I right? If that`s the case, how long do I need to hold in LOC to let them use appraised value to mortgage?
  13. LillianHo

    Advice on using HELOC

    I need advice on using HELOC for some RE transactions. In my last deal, I was thinking to use my HELOC to do a purchase and apply for mortgage later (the offer didn`t get accepted in the end). The reasons I wanted to do that: 1) I have a large amount of HELOC available to use at prime rate. 2)...
  14. LillianHo

    Tenant screening tips (?)

    QUOTE (Goodstuff @ May 13 2009, 10:18 PM) Is it legal to ask for their SIN number? I thought nobody was allowed to ask for this, legally at least. But don`t you need it for the credit check? You need to ask the tenants to sign a consent form to proceed the credit check. You can either use...
  15. LillianHo

    Plumbing and Electrician Needed in Surrey area

    Hi Kim, Sorry I didn`t put my name on. My real name is Lillian. Thank you for your information. I will call Mike tomorrow. Thanks, Lillian QUOTE (KimFranz @ May 5 2009, 07:29 PM) Hi Rena, You could contact Mike Peterson - he is a REIN member that does contract work around the Lower...
  16. LillianHo

    Plumbing and Electrician Needed in Surrey area

    I am looking for reputable plumbing and electrician company for my Surrey rental property. One problem is shower tub faucet leaking, another problem is regarding about the electric heating board. Can someone recommend company in Lower Mainland, BC provide good professional service with...
  17. LillianHo

    Honoring a Lease...

    If you live in BC, then check this form from Residential Tenancy Branch in BC ; APPLICATION ABOUT ADDITIONAL RENT INCREASE. You can also call their office and see what do they say. http://www.rto.gov.bc.ca/documents/RTB-16.pdf
  18. LillianHo

    Mastermind Group Needed in Burnaby

    I am a new REIN member just joined in April. Even though I have some knowledge about real estate investing through other seminars and books, and have rental property in Surrey, BC, but I am still new to this business. I am very excited to join REIN and would like to meet more experienced...
Back
Top Bottom