Hi Nancy, We aren`t doing the live training this year - instead we have recorded the class and posted it on our website here www.remacanada.ca - just click on Learning Tools. You will find several recordings listed as we split the class into chapters. There are also other recordings and...

Great start-up strategy - I recommend this to new investors quite often. Call anytime if I can help on the mortgage side.

QUOTE (luckyluciano @ Sep 8 2009, 09:56 AM) When members talk of cashflow, are we talking about positive cashflow after all expenses. Are we counting the principle paydown of the mortgage? The mortgage ammortization rate has alot to do with cashflow if the principle part of the mortgage payment...

Wow Brian! That is really something. REIN members continue to amaze me every day. Hope you can send info on how to watch the show from out in the hinterlands.

QUOTE (fisher1 @ Aug 31 2009, 06:13 PM) Just recently I was looking to see if I could get a better rate on a loc and contacted a bank. When they asked me what I wanted it for I told them for a downpayment on an investment property. They called me and told me that they would not give me a loc for...

QUOTE (Goodstuff @ Aug 29 2009, 08:08 PM) There are an unbelievable number of rentals available in Calgary right now. Just have a look on kijiji.ca and you`ll see what I mean. And prices are way, way down. This is horrible for someone with a property they`re trying to rent (like me)... No...

QUOTE (CDM @ Aug 30 2009, 07:53 PM) Hi, I have been reading this forum for the last few months and it has proven very useful - thanks a few quick questions.... [list type=decimal]Are you able to use a line of credit for your down payment?Would you tell your bank while asking for an...

QUOTE (koop @ Aug 29 2009, 11:18 AM) For just security deposits? So I can`t put any other money from the property into this account? I have just a chequeing and savings account for my property, I would just like to not have a huge chequeing account and a small savings with just acouple deposits...

It depends... It depends on what the ROI will be for the investors. It depends on what you bring to the deal, particularly regarding experience in apt bldg management. It depends on what you can negotiate. It depends on who will sign the mortgage. It depends on the relative value of what...

QUOTE (investmart @ Aug 15 2009, 09:02 PM) Hi, Correct me if I`m wrong but isn`t simply depositing cheques from tenants (without any automatic withdrawals), about the same amount of work whether you have 3 tenants or 30 tenants - one short visit to the bank on the first of each month? In other...

What about using Paypal? Has anyone tried this method? It appears it would cost 2.9% on each payment? And, has anyone used Beanstream?

Try these two, and use me as a referral. Trevor Stewart at DeJong`s Insurance 202, 1211-14th St SW (403) 245-1192 Jody Johnston at State Farm 250, 11488 - 24 St SE (403) 279-3133

QUOTE (invst4profit @ Aug 14 2009, 01:37 PM) Unfortunately for us in Ontario we are not permitted to collect damage deposits otherwise that would be a workable option. I would still seek the agreement that they would paint it a colour of your choosing upon moving out. Even without the tie-in to...

The article points to much of this sales activity being first-time buyers. I suspect many are buying now after judging that the economic down-turn wasn`t as bad as the media first made it out to be, and measured more close to home - they did not lose their job.

If you post this in the Ask An Expert - Legal sub-forum you should receive some proper legal opinions. Tough for lay-people to give an opinion on such a question that would be of any real value. My own likely response would be to reply that they have given permission and I acted on that and...

Not grey - BLACK. This is mortgage fraud. You must always disclose the actual price net of any `inducements`. As a REIN member you should know why this isn`t proper. In plain panguage - it isn`t legal or ethical because you would be lying to your Broker and Lender about the true price and...

Fantastic advice. Clear, concise, and right on the money! (if you`ll pardon the pun)

Wayne, your own income is not as important in buying a revenue property as it is when buying your home, as long as the property debt services itself with a good positive cash-flowl Don`t assume you won`t qualify with your new lower income. Have your Mortgage broker determine for you if you can...

Thanks Chris!

QUOTE (EdRenkema @ Jul 11 2009, 11:03 AM) Unless you are at the top of Everest and you can`t get down.... Or you wake up with spidey crawling on you That reminds me of the time my wife Deb awoke with our daughter`s escaped hamster`s whiskers tickling her nose. Still makes me laugh (Deb is...