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  1. M

    Mutual Fund MER`s

    One thing about MER`s that has always bothered me, especially when specific funds gain in popularity, is the fact that the MER stays the same regardless of the size of the fund. About 15 years ago the mutual funds industry went through a period of strong growth and I saw funds with $100 million...
  2. M

    Multi Family Real Estate

    I purchased the REIN F4 Multi-Family Gold Mine Program course from the recent "scratch & dent" sale and just finished listening to the CDs today. It was an introductory program from a few years ago and included a 100 page binder and four audio CDs. I think this is what Thomas is referring to...
  3. M

    Fix-and-Flip RENO for Sale-Is it RISKY?

    Who screened the tenants - you or them? Is the purchase price based on the property value or is it derived from income? Also, ask yourself why they are changing their course of action so much.
  4. M

    novice speculator needs advice

    Part of your title is wrong, this is not an investment, it is a speculation. The best thing would to have done proper due diligence and not be in this situation, however I think you already know that. You should not walk away from your initial deposit - it is the wrong thing morally and...
  5. M

    Power/heat Consumption

    My reply is not specifically in respect to heat or hydro but rather water. You can get a type of flow restrictor for faucets and shower heads - they just screw on and are supposed to reduce water consumption around 30%. I got them for free from the local gas utility (Union Gas, in my parts)...
  6. M

    REIN bookshelf

    I`d like to recommend a book about... baseball. It is called "Moneyball" and it is by Micheal Lewis. Why is this a worthwhile read? Because you will learn lessons about business and thinking differently that I have not seen elsewhere. The author started researching for a book about the...
  7. M

    Bnk Binder Preparation - original documents or copies only?

    I take a version of the binder that is copies only and give that to the bank while keeping a copy for myself with originals in case they ask to see them. I always go through the binder page by page with the person and explain everything using the binder of originals as my guide. No one has...
  8. M

    Orillia - Areas in Transition

    You should join REIN. At the Toronto meeting last week there was a speaker from the economic development office in Orillia that would have answered your question.
  9. M

    MoneySense May 2008

    I am a recent Quickstart attendee and new REIN member. Having an interest in personal finances, I have a subscription to Moneysense magazine and was intrigued when it showed up in the mailbox yesterday with the cover headline: "A Boom Of Your Own" and stories about "The New Way to Make Money In...
  10. M

    Inspection Service Referral in London?

    Hello, A couple of times I have used London Home Inspection Inc. run by a fellow named Ollie Heimstra and his son Mark and I have been satisfied. They are at 519-461-1850 or londonhomeinspection.com. Ollie is a liscenced electrician and gives especially good advice in that area. A good...
  11. M

    Tenant Screening-Credit/Criminal Background check companies

    I belong to the local property management association and they have a deal with Rent Check Credit Bureau http://www.rentcheckcorp.com/ I have not used them so I cannot personally vouch for the service but I have been told it is good. I believe it is $10 per check through my local association.
  12. M

    Tax Question

    The wisest thing to do would be not selling the investment property and incurring a taxable capital gain of $50,000. A more prudent action from a tax perspective would be to talk to your bank about taking the equity out of the existing property (likely through a homeowners line of credit) and...
  13. M

    Info on Stratford, Ontario

    This is my first post as well. I`ve always loved Stratford as a town to visit (I live about 40 mins away) and usually go shopping there once a month but I have some reservations about it as a place to invest. The first thing is that you are so close to KW, why not just invest there? Also, to...
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