Hi Mike, I like KWC region. That's not the issue. I am looking for cap rate of minimum 7.00. Sometimes it may not be available in the current business model. But we can come up with some creative ideas to change that. For the moment, I prefer to first close the deals I am working on and...

When I started this conversation, I have already contacted CIBC and some mortgage brokers. Based on suggestions given hear, I did contact few other brokers too. Currently I have narrowed down to CIBC and they are willing to get what I needed. Most banks and mortgage brokers will not be able...

They are 5 detached houses. In this case the vendor's motivation is different and the price is well within the market range. VTB is open and I am in a position to pay it off if that is the best move. But thank you very much for your concern.

Thanks Mike for pointing me in the right direction. Also I did review the opportunities you posted in Waterloo region. I have forwarded your posting to some other potential investors. We will keep in touch. May be we could meet at the monthly meeting tomorrow.

You are right. I am already working with a mortgage specialist in CIBC. They do understand the complexity and willing to work on it. They may or may not be able to fund all 5 properties. Given the dead line to waive the conditions in the purchase order, I looking for a good backup plan. I...

Thank you for the details. I will contact Callum Ross.

That web site does not give any information about REMA. Please check "www.remacanada.com". Is there any discounts for REIN members?

If I am willing to pay more than 5% interest rate, I have some choices. Even then as you said getting a “Yes” could be a challenge. I was wondering if anyone has any contact in major bank to get me a “Yes”.

"this REIN webpage" link does not work.

I am in the process of finalizing a purchase order on 5 student rental properties in GTA. Seller is providing VTB on each propentry. I am looking for lender for 80% mortgage. Ideally from major bank. I intend to fund the balance. Currently I am working with mortgage specialist in CIBC. Would...

Currently my investment properties are closer to home in Markham, Ontario. But currently I do not find it very favorable to invest more on rental properties close to my home. This state would eventually change. So I am looking for various other cities that are close enough for me to manage it...

I would wait till they actually dig the ground before investing in any area that has potential infrastructure expansion plans. In 2006 I invested in an area based on 404 highway expansion plans. Till now 404 has not been extended to that area and probably for next 10 years it will not. These...

I am following book by Don R. Campbell named “Secrets of the Canadian Real Estate Cycle”. It would be great if we could come up with the database that keep tracks of the state in real estate cycle for various cities and asset types. If you do your own research for an area that you are...

Currently I am interested in 1. Single family detached houses in: Perfferlaw, ON Oshawa, ON Markham, ON Waterloo, ON Brampton, ON 2. Two or three Bedroom apartments in: Scarborough, ON Brampton, ON If there is a website in which I could lookup for various asset types, that would...

Where can I get information in what state are we in real estate life cycle in Canada and USA? Also is it possible to have this information for a given province or city?