Hello, What would you do in this situation: my friend bought a home in Eastern Ontario for before the current slow down. his work transfered him to work in another city where he currently lives with his parents. He is leasing the house he purchased and is making a net loss of approx $200...

QUOTE (Jack @ Dec 25 2008, 01:01 AM) Makes perfect sense, to me. Well said, and seems perfectly logical. Equity in real estate probably even becomes that much more important for them to cash out and downsize elsewhere, given the great losses in their RRSP`s/mutual funds in `08. Question is -...

QUOTE (thomasbeyer2000 @ Jan 21 2008, 08:03 PM) in many US markets prices have fallen .. AND WILL FALL A LOT MORE !! The key issue is COST of new construction .. and demand .. So, if it costs $105,000 to build a 2000 sq ft house in Texas, and it sells for about $125,000 then the market is...

QUOTE (jeremyfleming @ Jan 14 2008, 08:49 PM) Martin, can you fix the place up, pull out your equity and then rent it? You may be further ahead in the long run with this strategy. I started flipping until I realized you can accomplish the same profit AND MORE by buying low, pulling out your...

QUOTE (RedlineBrett @ Jan 14 2008, 08:17 PM) Those margins look pretty tight to me.. Also, how exactly did you get to 177k after buying for 167? Have you accounted for agent costs at sale, holding costs while the property is vacant, mortgage payout penalties, legal fees etc? What is your plan...

QUOTE (GordNevin @ Jan 11 2008, 12:34 PM) Hi Folks, Just a quick note on the appreciation in Oshawa CMA over the last couple of years: Background: Oshawa CMA (Census Metropolitan Area) includes Oshawa, Whitby and Clarington. The stats that I use most of the time, including these below are from...

Hello, I`ve purchased a property in the Courtice/Bowmanville area with the intention of re-selling. I purchased for $167K on a street where homes normally sell between 200-210K. After closing and insurance I`m at approx. $177K invested. I gave myself a budget of $15K which includes premium...

Hello