Hi Eric, Sounds like a great opportunity to increase income! Is the father a good tenant? ask the father what he thinks about it get a feel how happy he is with the idea..also meet the son and his dad TOGETHER.. see if they get along well.. If son has a credit history definitely pull his...

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Hi Sherilynn, Sounds like you made the right decision. just wanted to add the decision should also be based on how good the deal is. Example: You believe you can make 20K more on this deal compared to the next one. You estimate there is a high chance of 33% to lose your 10K deposit...

Hi Jason, MACRO analysis like top towns list, population, employment is fine but the reason you can make money ANYWHERE is 'MICRO'. By micro I mean the story behind the property, the personal reason the owner wanted to just get rid of the property or sell it to the 1st buyer (example). Its also...

What an inspiration: http://ca.shine.yahoo.com/living-small--lulu-s-shipping-container-home.html

Hi Thomas, Mr. Lakeshore and others raised some very good points. If I understand correctly, you usually buy and hold long term, maybe refinance while holding. You are not a flipper. Therefore, one of your biggest basic assumptions when buying must be LONG TERM appreciation or at least no...

Good understanding of your options especially being 25. yep RE often generates such returns. Here is the 'catch': you are not really an investor you are in the business of RE investing. see the big difference!? so ROI is really return on your TIME/WORK and investment. Still a great thing, do it...

Hi long term investors in ON et al, what % of your tenants are long term 10 years or more? my estimate is 10% max on average. Plus the purchase price you pay is adjusted to reflect that 1 or 2 long term tenants because Plexes/apt bldg are valued based on the rent so you pay less! In other words...

Yes, people do it. It all depends on whether you have an excellent PM to manage it from A to Z for you. That is by far the biggest challenge. Sincerely, Nir

As a new investor you don't want to finance the entire purchase but rather do the opposite - minimize DP and maximize LTV Any property will cash flow (or like 99.9%) if bought cash and this includes for example Toronto downtown condos! Based on the rent mentioned there will definitely be...

Hi Joey, Good points! I would try to take it even less personally. perhaps I'm being too realistic but after all it is your business. and you know what in business you lose good customers too. Yes it depends how you look at it and one can say if you lost a customer by definition she/he wasn't a...

To achieve a Win-Win how about agreeing on everything: - that out of around 10,000 REIN members 1 person was offended by a joke, and - that it was legit to copy and paste a few jokes for the benefit of the remaining 9,999 members Sincerely