QUOTE (investmart @ May 29 2008, 06:04 PM) Hi All, I was wondering if you see purchasing a duplex zoned COMMERCIAL as a disadvantage compared to purchasing a residential zoned duplex due to the fact that it will be more difficult to sell commercial zoned duplex in the future as there will be...

QUOTE (investmart @ May 27 2008, 08:43 PM) Hi All, Is there a way for a foreign non-Canadian investor to qualify for a mortgage in Canada? Can such a foreigner with stable income act as a guarantor on a mortgage? would any of the banks accept that? Please assume simple residential units...

QUOTE (ronda @ May 27 2008, 12:36 PM) The property (duplex) that I am looking at now is cashflowing $200 a month on a 25 yr mortgage. How do I decide what term to go for. What is better 3 yr, 5 yr? I want to keep the property for the long term. Should I try for a 40 yr mortgage? All those...

QUOTE (investmart @ May 27 2008, 08:16 AM) Thank You Peter and David, I learned something today. The answer to the following EXAMPLE will help understand Peter`s explanation: Investor# 1 can not qualify for a mortgage. Investor #2 can qualify and is willing to act as guarantor. Is the...

QUOTE (investmart @ May 25 2008, 11:23 PM) Hey All, Is it true that the person taking the mortgage (or owning the company who is taking the mortgage) must also be the one on title? so in a JV if both investors want to be on title both must also be on the mortgage(?) in other words if investor...

QUOTE (investmart @ May 3 2008, 12:24 PM) Peter, Thomas, In my case a NON-secured line of credit is the only option. Should I specify an amount or just ask for the maximum LOC I can get as Thomas mentioned? What is the maximum non-secured line of credit one can get approximately? (i.e. is your...

QUOTE (MicFromMirus @ Apr 25 2008, 03:31 PM) Which is better and why? scenario: mtg=200k and pymt=5k (accelerated payments, to payout house earlier) amort=25y mtg is presently in the form of a line of credit (loc) (interest only pymts) the loc may be used from time to time, so if it was changed...

QUOTE (investmart @ Apr 24 2008, 10:23 AM) Hi, What is considered a good interest rate on an Unsecured LOC the large banks offer? Prime+3%, Prime+2%, Prime+1%? Don`s book provides a great summary on the topic! Just wanted to know what interest is considered pretty good today(?) Thanks &...

QUOTE (mikeberg @ Apr 23 2008, 12:51 AM) Hello, Has anyone ever heard of hard money, if so would it be a good idea to use that type of money for short term? Thanks Hard money has its place, but it is short term money. Most private lenders will want to know your exit strategy (ie when they...

QUOTE (samwei @ Apr 22 2008, 07:19 AM) Hi Lucas, Check out this ad by Kirkside for a home in Glenora at 105 Ave and 135 Street. http://www.rentedmonton.com/Detail.aspx?pr...32-1f9562622a44 Kirkside is asking for $1750 plus utilities per month. Given Kirkside`s not so stellar reputation here on...

QUOTE (investmart @ Apr 15 2008, 10:23 AM) Thank you everyone for the interesting responses! Although there are significantly different opinions regarding very old properties, you all have good reasons to invest (or not invest) the way you do and that`s most important. My approach is similar...

QUOTE (investmart @ Apr 14 2008, 03:47 PM) Hello Everyone, Based on feedback I get from a few investors, real estate investors prefer NOT to purchase very old properties. Don Campbell`s GREAT system is teaching us to focus on positive cash flow in addition to appreciation. Therefore, why are...

QUOTE (therealpotentials @ Apr 14 2008, 01:53 PM) Hi. I would like anybody`s opinion on a rooming house. I have seen this one rooming house that I am considering for investment. It has an annual rent of $61,200 for the asking price of $369,900. Is this something I should pursue? Thanks a...

QUOTE (Dejavu @ Apr 11 2008, 12:06 PM) Can the bank call in the LOC? I am just wondering how much risk would someone be taking if they purchase 10 properties maxing out a $200K line of credit if the bank ever called the LOC back. Thanks An LOC is just a variation of a mortgage - registered...

QUOTE (grantala @ Apr 10 2008, 10:59 AM) Thanks for your reply David. If the the income goes on your personal income tax return, do the business expenses qualify as being deductible? I don`t think starting out I need to form a corporation, but would like to have some sort of name in order to...

QUOTE (mar @ Apr 9 2008, 10:01 AM) Hello everyone, I have come accross this interesting article on 100% financing and would like to get some input from experienced investors. I have brought this program up in the middle of some other threads, but would love to hear a full debate on the pro`s...

QUOTE (invst4profit @ Apr 4 2008, 08:44 AM) Based on what you have said and the fact that you yourself are questioning the deal if it were me I would pass. There are lots more deals out there and passing on one will not change your life but buying one you are uncertain of could. The cash flow...

QUOTE (Nakoliss @ Apr 1 2008, 06:55 AM) Great, merci beaucoup Mister Kinch! If you were in my shoes, which one would you choose first? Basically, I have a partner with average to a bit lower than average credit, my wife with good credit and myself with good credit. One of the issues we are...

QUOTE (albainstar @ Jan 16 2008, 01:38 PM) Thanks for the insight. I would love to do a JV, I just thought with me being in Fort McMurray 1. I would need at least 70k to put 1/2 of a down payment down 2. If I invest somewhere else how do I monitor, or even help the JV? I am running un...

QUOTE (Nakoliss @ Mar 31 2008, 11:46 AM) Bonjour everyone, I need help with something and thought I would ask it here. I would like to know if you have recommendations for a Bank to open a company account for a real estate business. According to you, which is the best Bank considering...