QUOTE (CanadianMortgageTeam @ Jan 23 2008, 09:35 AM) ... Generally speaking if you can come up with 25% to put down, the property is in a metropolitan area (assuming greater vancouver here.....), and your credit is good, financing regardless of TDS should not be too much of an issue. ... Does...

QUOTE (CanadianMortgageTeam @ Jan 23 2008, 09:35 AM) It really depends on a lot of factors. Are you planning on moving into your friends home or using it as a rental? What is the purhcase price of your friends home? Generally speaking if you can come up with 25% to put down, the property is in...

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 were planning to sell in 2 months...

Hello I searched through the forums, but could not find an answer to the following... If I were to go with a 40 yr Amortization on a property with a 5 yr fixed rate, would I be able to change the amortization period later on without penalty after my 5yr fixed rate expired and was up for...

Hello I found the following thread as well as a few others, but they did not answer the following question... Pet Thread http://myreinspace.com/public_forums/Real_Estate_Discussion/62-1129-pets.html If the person moves and you discover that the carpets or laminate are destroyed...

QUOTE (invst4profit @ Dec 20 2007, 10:37 AM) No that is negative cash flow of $100/ month. The $150 is equity that is only realized by refinancing or selling the property. So just to be clear...If instead of having a mortgage with a $150 debt reduction per month, the investor had an...

Thank you to everyone for your input and thoughts at this matter. As posted above, I have seen ads mentioning positive cashflow, but then I look at the selling cost and can`t see how it would be positive without 25% Down Payment. This clarification will keep me on the right track.

Another Option could be to use PayPal I`ve never used it for rent collection, but I use to run a site that had a monthly or yearly fee which was automatically deposited into my account. I can`t see why it wouldn`t work for renters unless Paypal has restrictions against its use (which I doubt)...

Hello I`ve been through all the threads I could find on Cash Flow, but did not find an answer to the following... When discussing Positive Cash Flow, do investors consider the LOC payments as part of their calculations or does everyone calculate Cash Flow based on: - 25% Down Payment (any...

Hello I’ve recently been approached with the idea of being JV Partner, but have never looked into the details of one before. Is it common for a JV deal to be structured as: Money Partner: Provides money for 25% Down Payment on the purchase price and any closing fee’s. Expert Partner: Provides...

QUOTE (DanSampson @ Dec 7 2007, 10:05 PM) Hi Merriora, Sorry to say but I am with Jeff on this one. The Atlantic oil Cartel (IRVING) doesn`t much care it crude is 80, 90 or 97. If they want an extra couple hundred million $$ this winter, you are going to pay more for heating oil. I would...

QUOTE (JeffSmith @ Dec 7 2007, 10:20 PM) Hi Robert, Dan`s comments are to be seriously considered. I know his plane stops in Edmonton quite often. My final comment is this: If I could find you a positive or break even cash flow property in the Edmonton area, would you be interested...

QUOTE (JeffSmith @ Dec 7 2007, 09:16 PM) I am from Moncton and presently live in the Edmonton area(for a total of 10 years). The current stint has been since 2002. I was involved in the real estate industry in the maritimes, based in Moncton, for 5 years in the `90`s. I have been back many times...

QUOTE (JeffSmith @ Dec 7 2007, 07:50 PM) ...Also, where in Atlantic Canada and why? Just curious. I invest in Alberta and I am from Moncton. That`s in New Brunswick. I am actually looking in New Brunswick, specifically Saint John. I know from reading posts on this site that Alberta is the...

QUOTE (JeffSmith @ Dec 7 2007, 07:50 PM) Hi Merriora, Your kidding right? You want someone to predict the price of fuel oil in Atlantic Canada. Also, where in Atlantic Canada and why? Just curious. I invest in Alberta and I am from Moncton. That`s in New Brunswick. Jeff No I don`t expect...

QUOTE (TylerUzelman @ Dec 7 2007, 03:56 PM) Our experience with our rent-to-own program has been great. ... Have you found any additional costs associated with rent-to-own other than legal fee`s? Thanks

I am currently looking at a Multi-family unit in the Atlantic region which uses Oil for its heating costs. With Oil prices fluctuating over the past year, I am un-sure if I need to multiply last years costs to provide a more accurate cost for the next year or if prices have remained approx. the...

Thank you for your posts on the details of each program. I’ve had a chance to read through both programs and see Pro’s/Con’s with each one as they appear to be setup quite differently. Both appear to provide a win-win for both the company and purchaser How has your experience been so far...

QUOTE (mzaurrini @ Dec 3 2007, 05:54 PM) anyone know where you can find out the vacancy rates and propertie crime rates for cities? Not sure about Crime Rates, but here is an updated Vacancy Rate page http://www.canequity.com/mortgage-news/arc...est_alberta.stm

QUOTE (RobMacdonaldCMT @ Nov 16 2007, 10:29 PM) 3. Your strategy could work slightly against you if you purchase too high. Any mortgage you apply for one a rental property, the lender will use your whole prinicipal residence mortgage payment against your debt service ratios. So depending on your...