QUOTE (PaulPoulsen @ Feb 16 2008, 08:02 PM) I`m not saying to use a 20% downpayment to avoid CMHC fees. I`m suggesting that, depending on your personal financial situation and long-term real estate goals, you may want to use a 20% downpayment to avoid rental offsets. It looks like the above...

QUOTE (gregg @ Feb 9 2008, 10:06 PM) I have visited the park and talked in depth with the seller while she was completing her water safety report for the ministry. There appears to be a lot of potential for additional dollars to be made in the buy and sell trailer side of things. Maitenance of...

QUOTE (EdRenkema @ Feb 13 2008, 02:13 PM) Peter, Can you or anyone else clarify what is meant by using and understanding the `portfolio strategy` ? Thanks Hi Ed, A broker using the portfolio strategy has analyzed your application, knows your 5 year plan and always thinks several moves ahead...

QUOTE (jrichet @ Feb 12 2008, 10:56 PM) Thanks again guys. wow! I can`t believe you guys are so supportive! There are a couple of ways that lenders look at rental income - one is the addback where a percentage of the rental income is simply added to your verifiable income and that combined...

QUOTE (BradHillier @ Feb 9 2008, 01:16 PM) Cool, i guess one issue would be getting a positive cashflow property...? Peter, what are the general guidelines for a high and low TDS? %20 Low? %40 high? for instance. Thanks TDS must be under 40% to qualify, CMHC uses a rental offset to qualify...

QUOTE (BradHillier @ Feb 9 2008, 01:06 PM) I`ve only read about JV capitial and The CMHC Rental property program, 1-4 units %90-100 LTV. Any of the REIN members care to comment on this situation? Did any lenders offer the CMHC insured mortage program since its release last fall i believe...

QUOTE (investmart @ Feb 6 2008, 09:34 AM) Hello All, My lawyer told me the title search he will do will cost me less and added something like "but is not as thorough". What does it mean? what are the different types of title search including and what is the price range? I was a...

QUOTE (KenReynolds @ Feb 8 2008, 10:59 AM) I have been using Manulife One but I may be moving to Scotia Bank.Manulife Pros: - no income verification - interest at prime - no cost to set it up (neither legal nor appraisal of house) Cons: - if you use the "no income verification" component, they...

QUOTE (invst4profit @ Feb 8 2008, 12:11 PM) I am presently looking at moving from residential to commercial and require info on financing. I have made some inquiries with a morgage broker and am being told that for about $300,000 my rate will be anywhere from 8.5% up to 10.5% with setup fees...

QUOTE (therealpotentials @ Feb 7 2008, 01:34 PM) Hi. I would like to know if anybody`s using Manulife One mortgage out there. And also as a survey, may I know which of the HELOC programs out of the market REIN members use and why you choose what you have. This will help me decide which one I...

QUOTE (quantum @ Feb 1 2008, 02:01 PM) I am a new member of this forum but have been reading for quite awhile and realize there are many people with a wealth of experience and knowledge I am quite new to the real estate investment scene and have a few questions about mortgages I am planning...

QUOTE (scotsman @ Jan 31 2008, 08:49 PM) having a hard time trying to get my credit history from the U.K. Not given it because I have no U.K. address. also my mortgage broker is getting charged $300 for it. A bit much for something that I can should get for free! any idea`s? UK credit...

QUOTE (arroy @ Jan 30 2008, 09:21 AM) I am currently about to purchase my first home, personal residence, in Calgary. I am using the Quickstart techniques for "creatively buying my personal residence". I am having trouble whether to pick a variable rate or fixed rate mortgage and for how long a...

QUOTE (JCRE @ Jan 29 2008, 09:22 AM) If I have never owned a home but decide the first property I buy is going to be investment property will that have any affect on my status as a first time home buyer as far a the Home Buyer`s Plan is concerned? From my understanding, since I don`t intend to...

QUOTE (Wayne @ Jan 28 2008, 05:48 PM) I am new to real estate investing and am seeking advice. I bought a rental property in 2002 with a tenant in place for $100,000. I moved into the house in 2002 and still live there today. I have approx $175-$190K in equity in the home. The house needs works...

QUOTE (Merriora @ Jan 23 2008, 10:52 AM) Hello I`ve left messages both with my current mortgage holder (TD) and a message with Peter Kinch`s Office (Mortgage Broker) to find out my options, but wanted to start a thread to see what others have done and why... I currently own our home which we...

QUOTE (KMcFarlane @ Jan 22 2008, 01:36 PM) Hello All, [/size] I'm hoping some experts might be able to provide a helpful solution. The situation: I currently own my condo and it is valued at $290,000 with a remaining balance of $224,000 on my first mortgage amoritized over...

QUOTE (donksky @ Jan 15 2008, 10:50 AM) I`m about to buy 1st properties & wanted feedback on the low (5-10%??) down new program with CMHC (w/ higher interest & insurance?). How do I crunch numbers or do a rough analysis of whether to spread the cash I have for down over 4, 10% down properties...

QUOTE (investmart @ Jan 11 2008, 08:07 AM) Hello, How much APROXIMATELY would you pay your lawyer to regiter your downpayment as a second mortgage if the money is coming from another person/investor? (assuming the bank`s contract (1st mortgage) has no provision not allowing you to do so of...

QUOTE (KenReynolds @ Jan 10 2008, 10:09 AM) Has anyone had any experience in having a court judgement against a tenant and having that appear on their credit report? I was speaking with someone yesterday who said that, while we can`t directly affect a bad tenant`s credit score for not paying...