Slater told me that the Simple Fund is in effect for as long as the owners use them as the property managers. As for repairs, all units have a coverage limit of $800 per unit per year. Any repairs above $1000 require owners' approval before they start. They don't have garages - only...

The Simple Investor group by Todd Slater in Mississauga is offering 2 bedroom townhouse condos in Kitchener - I'm wondering if this is a good deal for a 1st time investor. Purchase price $120,000 Rent $850 monthly ($10200 annual) Maintenance Fees $220 monthly ($2640...

I think this was a Canadian example. She said $32 K was used in her first purchase. She made no mention of raising rents or any renos. She did say that she funds property purchases solely from pulling out equity.

I just listened to a teleseminar by Savannah Ross (Rich Mom) and wondering just how realistic it is. Here are the details; Bought property (fourplex) at $160 K, 20% down of $32 K and mortgage of $128 K. Cashflows at $1,000/month Had it quickly re-appraised at $200 K so refinanced with...

Savannah Ross' talk also was quite interesting! Anybody want to comment on her program?

Thanks for all your replies do far folks. I'm currently attending a real estate expo here in Toronto this weekend and got to sit in on talks by Russell W. from REIN, Najtav Chandhoke as well as a few other 'experts'. Although all have validity so far, I'm getting the best vibe from REIN so far...

I attended the basic 3-day real estate investment seminar by the Rich Dad Education group the other weekend. Although I thought the overall program gave me a decent overview of the different possible strategies I can use for investing, I don't feel that I was equipped with enough tools to...

As I understand it, it must be an arms length arrangement - so no family members possible either.

With interest rates so low, is it still worth it to invest my RRSP funds in RRSP mortgages?

Yes they are saying the $50 to $80 is net. In their presentation, they said we should factor in this positive cash flow, plus the 2-3% expected annual appreciation plus the mortgage paydown from the rent to work out the return.

The guarantee is part of the overall package. That's probably what happens when you pay them the $60 to $70 per month prop mgt fee. As far as I know, they went in and redeveloped the entire complex (they are currently redeveloping a similar complex in Cornwall I believe) and the units are...

The guarantee as I understand it is that in case a unit becomes vacant, they will still send me a cheque for the $50 to $80 each month. I guess they are so confident that they can always get more eligible tenants in there plus the fact that they have a large enough internal fund to finance such...

Here's what I know do far (without naming the actual investment group); - properties are in Kitchener, recently renovated townhomes turned into condos - target tenants are seniors and most units are already tenanted - price range from $110 to $130 K per unit - Group/company property...

The group is headed up by a very well known broker with a good reputation. The $50 to $80 is the net after all costs including their monthly management fee of about $60. They claim that if a unit becomes vacant, they will still guarantee you the $50 to $80 per month - this is part of their...

I saw some really good deals that involve properties that go for something like $40,000 average and have average net cash flows of $300 to $400 per month. I don't know if this is too good to be true or not. Has anybody here invested in Rochester, NY?

A turnkey type of real estate investment group here in Ontario is offering properties where they will guarantee positive monthly cash flows from $50 to $80. Assuming long term appreciation rates of 2-3%, is this cash flow considered a decent one for Ontario? Or can I do much better? Are...