QUOTE (Greatful @ Jul 26 2009, 10:55 PM) Hey C2Ventures:) Non arms length??...going to have to look into that term....thanks:) Yes, I do have $20,000 worth of contribution room...I`m a newbie at managing my money thus the reason I have to be that much more creative to catch up!...lol. A...

A couple of other points to address: 1) You cannot loan your own money via RRSP mortgage to your own properties...it is then deemed "non arms length" by CRA. 2) Do you have $20K in contribution room within your RRSP. That is essentially what you are doing by "funneling" this $20K thru your...

QUOTE (behardner @ Jul 23 2009, 12:15 PM) I have seen The Yorkton Group all over the city selling land in northeast edmonton saying an area structure plan is being put in place by the city of edmonton to change the use of the land from agricultural to medium industrial and that these land...

QUOTE (rupertshih @ Jul 14 2009, 05:19 PM) I am new to investing in real estate and do not have money, but still want to invest. How do I do it? Any advise? Sorry my friend, but you are going to have to find MONEY before you invest. This can be done thru JV partners, friends, family...

QUOTE (mrsean @ Jul 13 2009, 12:51 AM) Anywhere that you know of personally offering a good ROI, plus decent landlord/tenant legislation? Why not look into SK or AB? Both are resource rich provinces with bright futures ahead when the economy rebounds. Landlord/tenant legislation is better than...

We have a tankless water heater in our personal residence and we love it. It definitely saves energy, space and you NEVER run out of hot water. The only downfall we have noticed so far is that it takes a bit longer for the hot water to reach the tap. Overall we are happy with tankless, but I...

QUOTE (barb @ Jun 23 2009, 03:17 PM) Hello fellow real estate investors!!! A friend has agreed to invest his rrsp money in real estate with me. Could someone advise me where he would set up a self-directed rrsp for this transaction and any guidelines, rules or regulations we should be aware...

What did you do with the "tax free" money that you received from the re-finance?? If this were re-invested you would be much farther ahead right now.

QUOTE (UTCVenturesLtd @ Jun 2 2009, 08:44 PM) The actual prices Walton had paid are hidden so you cannot do any price comparisons, only go with their track record which had given investors a profitable return over the years of the properties that have been exited. No they are not hidden...they...

Make sure you dig into these types of investments very closely. Some will purchase the land for "X", then "lift" the value sometimes as much as 200-300% and sell it to investors for "Y", so they make all of their money upfront regardless of the final result. Also, land is very risky right now...

When financing multi-family units, qualification is more dependent on the income/condition of the building than your credit etc. Talk to a good commercial mortgage broker and they will outline all of your options. Give George at Montrose Mortgage in Edmonton a call. I don`t have his number on...

QUOTE (thomasbeyer2000 @ Apr 20 2009, 07:41 PM) we just bought a 108 suiter in Abbotsford @ 79/door or $8.5M .. so "Vancouver" is OK if "Vancouver" means: Lower Mainland ! Sorry for the "Vancouver" generalization. Yes there are areas that are starting to look more attractive, but multi-family...

A few things to consider: Why did they approach YOU?? Do you know them personally? Reason I ask is that a lot of people like to "fish" and say they are big time investors but are only looking for more information about what you are offering. Also, have you/they considered the tax implications...

Simple answer...NOPE, too expensive right now!!

I would go with the 5 yr fixed at 3.69%. That is very cheap money and I believe prime will start to bump up in time. Don`t get me wrong, I am a very big fan of variable rate mortgages, but that is a great 5 yr fixed rate, in my opinion. Good luck!

For me, the 50% rule does not work. If a property had 50% expenses before financing, I would never buy it. Here is an example of a property we bought last year. Side by side duplex: Purchase price - $460,000 Current Rental Income - $3000/month Mortgage payments - $1500/month Taxes - $400/month...

QUOTE (Singh @ Mar 5 2009, 09:51 AM) I was planning on starting my own FSBO company, any suggestions that you may have? Good morning, I also explored this option a while back and opted against it for a number of reasons, most of which is the lack of MLS presence. More discussion on this topic...

Where do Canadian Banks Stand?Posted By DARWIN BRUNNE Recently a report in Newsweek by Fareed Zakaria recognized that Canada has the most outstanding banking system in the industrialized world, without a single bank failure, calls for bailouts or government intervention in the financial or...

Here is a link to the actual Harry Dent article: http://news.sympatico.msn.ctv.ca/abc/home/...reat_depression

C`mon people...enough with the "he said, she said"!! The idea of this forum is to provide insight from ALL angles in a non-threatening manner, so that we can become more informed investors. Let`s stick with the original topic at hand!!