Hi Neil,The banks can be ridiculous at times and often have a lot of weird requests. I find it`s never, ever straightforward.. especially when you have rental properties. The only way they are comfortable is if you have like 50% loan to value and 50% mortgage and property expenses versus...

Hi Neil, I would do all three for sure... & I also agree with Chris Davies above. Just make sure you CLEARLY say that this is a gift for the timely payment of rent. Rewards good behaviour, & for the last three months they`ve shown good behaviour. It`s not much really considering they are...

QUOTE (hjl @ Jul 30 2008, 11:53 AM) Thank you for your response. I have a follow-up question. In terms of resale value, would you rather go with a townhouse/condo/semi-attached that is newer or a detached single home that is older? I have heard that condos don`t appreciate as much in value...

Thanks everyone for the very helpful information! I don`t know if it is that easy to 100% peg it on "Dan" as the sole problem & I don`t know if it is that black & white a situation. I agree his recent behaviour is very clearly unacceptable. Yesterday I called the Landlord & Tenant Board and...

Ok so I have a situation I`d love to run by the brilliant minds here... As a Landlord, What would you do? The property is a duplex where the one tenant "DAN" on one half of the building has been living for several years. There`s both positive & negatives to this tenant named `Dan`: Positives...

QUOTE (greg12 @ Jul 23 2008, 11:53 PM) From the blogspot link I think he/she is in London Ontario. Here are three ways you can find out: 1. Attend Quickstart 2. Join REIN 3. Order the Top 10 Towns to Invest books Hope that helps Thanks, yes I`m in London... good point - The real estate season...

Summer? Autumn?

Just wanted to say that PLP Contracting just completed some major renovations for one of my investment properties. I connected with PLP Contracting through REIN - as PLP Contracting is a REIN member... The work that they did was absolutely fantastic. Very professional, extremely reliable, and...

QUOTE (RedlineBrett @ Jun 17 2008, 09:33 AM) I agree with Dan here - that is a good price. Thanks Dan & Redline... feeling much better and much more secure now. Dan, thanks so much for the breakdown, doing it that way made me realize the quote is very fair, if not very good! Thanks again...

Thought I`d throw this out to the many knowledgable and reliable members out there to get your thoughts on this. I`m not very knowledgeable about this sort of stuff at all. I have a current front deck in the front of my home. I`ve contacted a concrete company to come out and remove the deck...

Keith, thanks for the update, I`ve learned a lot from your experience. Thanks for taking the time to inform us. A difficult situation for sure, but you handled it like a true professional and gained a ton of valuable experience which will be an asset going forward for you despite the financial...

QUOTE (BarryMcGuire @ May 27 2008, 10:50 PM) You wondered about the procedure and paperwork surrounding a wrap. Firstly, I think the word wrap is used to describe two different scenarios. The first scenario is where there is an existing mortgage on a property that is too small to assume. You and...

QUOTE (ccameron @ May 23 2008, 07:28 AM) Any comments on multi family dwellings. I realize that it is a whole new adventure(as opposed to single family units) however, can you give me some feedback with regards to mortgages, insurance or any other possible suprises? Thanks Chris Negatives: 1)...

I`ve come up with about $5,000 suddenly... I have a duplex that is nearing vacancy... There is no air conditioning and the windows are incredibly old and need updating. I`ve got 2 quotes to consider - one for $5,000 in new windows and another $5,000 quote for a new energy improved furnace and...

QUOTE (markl @ May 15 2008, 10:19 AM) Hi all I am currently in the process of buying some properties in AB we have a tenant who would like to sign a 3 year lease as that is how long they are contracted for. My question is once per year are we still able to raise the rents or are we better to...

QUOTE (GarthChapman @ Apr 24 2008, 02:22 AM) Great post David. They are indeed but Shills for their advertisers. I`ve always taken their MoneySense real estate stories and opinions with a big grain of salt. That 2005 article on REIN was actually what informed me about REIN and got me so...

They`re new tenants right? Only a few months in the place? You don`t wait, you don`t engage in a whole lot of conversation about it. Don`t mess around. Send a firm message immediately. I would slap them with the N-4 eviction notice form even if they are 1 day late and get the ball rolling for...

Terryaris, Out of curiosity, what did you end up doing to rectify the noise problem? And was it effective? Thanks!

I`ll leave the advice to other experts, but I noticed you said this.... QUOTE (bobbie @ Apr 2 2008, 09:44 PM) As much as we love it here, we have never been big income earners. so to sell at some point is inevitable......Blueberry farmers or Blueberry industry were snapping up the properties a...

QUOTE (rabrol @ Apr 2 2008, 12:02 AM) Yeah, thanks for the thoughts. I think flipping would be part of our strategy for getting started, then some longer term investments too. The guy I know has been almost exclusively flipping and been doing very well - although some of his projects have been...