QUOTE (investmart @ Mar 31 2008, 12:35 PM) Don`t think twice, take him. Tenants on disability, in general, is a big advantage: they pay on time, have low but stable income, etc. all you want in a tennat. good luck. N. They`re also in the house nearly 24 hours, 7 days a week. Most tenants...

QUOTE (timallix @ Mar 29 2008, 12:56 AM) I bought Don Campbell`s books, and that has given me some insight into acquiring houses (already built), in well-researched, high growth areas, for positive cashflow. If I sell my property, I would have enough down-payment for several mortgagesHi Tim, my...

QUOTE (timallix @ Mar 29 2008, 11:56 AM) Thanks very much for your suggestions, however, I don`t see how it would be possible to get positive cashflow when borrowing the down payments and at the same time covering the mortgage payments. The way I understand this, my rental properties would be...

QUOTE (ChrisDavies @ Mar 29 2008, 11:11 AM) You can sell it and take the cash to play with, or take out a secured personal line of credit to use the equity of it. I`m not sure if you can secure a LOC against bare land, but I`m sure someone will correct me. LOC`s are the preferred method of using...

QUOTE (JesseLee @ Mar 25 2008, 01:12 PM) Thats true. Low interest will refuel real estate market, but for sale only, not for lease And thus, higher Real Estate prices with the refuel. Maybe those wolves all searching for scarce meat will survive. Just to suggestion to add to Bill`s insightful...

The Calgary and Edmonton market slowed down at about the exact same time lenders pulled the plug on the incredibly attractive "assumable mortgages" in Alberta (whereby one could assume a mortgage without qualification). Is there any truth to the possibility being thrown around that this...

QUOTE (steveclark @ Mar 25 2008, 11:02 AM) We currently have 2 rental properties (townhomes) on the go, in Barrie that are generating a modest but positive cash flow. Also our residence is a townhome in Alliston, a high demand area as there is little in the way of rental properties. The...

I don`t know Bill, because of the US dollar and many other reasons, rate cuts are coming. Whether or not the Banks alter their pricing, expect Prime to be significantly lower. Even if they do the worst possible and keep variable mortgages at Prime without going "Prime Minus", 3.75% is very...

Prime is going from 5.25% where it currently stands all the way down to 3.75% according to TD Economists and RBC Economists. The forecast is that Prime will be cut by 50 basis points at each of the next three meetings. Seeing as you can still get a mortgage of Prime minus .50% to .75% or even...

QUOTE (thomasbeyer2000 @ Mar 24 2008, 05:58 PM) 0% CMHC fee @ 80% leverage .. so 7.25% premium for the remainign 20% .. or over 1/3 of costs borrowed .. yes this is high .. but is a function of risk ! usually 100% financing provides negative cash-flow .. but has the highest cash-on-cash ROI IF...

QUOTE (MarkTorgerson @ Mar 20 2008, 10:56 AM) Hello I have several revenue properties but have never gone the route of RRSP money from either myself or a JV partner for the cash down. I wanted to run a scenario; I have $100,000 in RRSP`s and a partner has $100,000 in RRSP`s. We both have more...

Was wondering what you thought of the hot water heating option to rent or buy. Please forgive me if this discussion has already taken place... I have several rental properties in Ontario. The hot water heating tanks are all from Reliance Home Comfort. Each house costs for this expense approx...

Fantastic points.If I could add, similarily using up cash that could be invested to make lump sum payments to mortgages is NOT a particularily wise thing to do in creating wealth. Much like the person "forcing cash flow" (as `invst4profit` so perfectly describes it) those that make big lumpsum...

QUOTE (dwb @ Mar 16 2008, 10:39 AM) Chirs, I`d love to know where I could by a machine like this... where/who do you buy them from? Well, I think I can now answer my own question. Dropped into Home Depot today, went to their appliance section and asked if they have any coin-operated laundry...

QUOTE (rbrost @ Mar 16 2008, 12:29 PM) RE: Thoughts on renting out a double detached garage, websites to use and time of year I`ve got a really nice, clean, secure, double detached garage in S.E. Calgary (Mackenzie lake) which I listed on Home Rent 30 days ago for $250/mos. storage only on a 12...

QUOTE (ChrisDavies @ Mar 11 2008, 11:51 PM) For the love of all things sacred, go to a card-operated laundry machine. They`re so much easier. Chirs, I`d love to know where I could by a machine like this... where/who do you buy them from? The return on investment on card/coin opertated laundy...

QUOTE (mar @ Mar 12 2008, 11:47 PM) Does everyone agree with the 1st paragraph above, to buy as many props as possible as inflation should further increase RE values? I`m in the Ottawa area. Thanks in advance for your replies. I absolutely agree with Thomas. There is a theory going around...

What if you replaced all the windows? How much does replacing windows raise the property value? The reason I ask is because I have a beautiful house in a fanastic part of London Ontario that is in a high appreciating area. But the Windows are ancient and as such are very unappealling. I`m...

QUOTE (investmart @ Feb 27 2008, 12:04 AM) How accurate is a property appraisal done by a certified appraiser supposed to be? I find that when its for a property purchase, it nearly always comes in line with the agreed purchase price. But when its for a refinance, it nearly always is...

I have permission to "skip" one payment per year... So I skipped my February mortgage payment this month. I used the rental income that would have been going to my mortgage instead to invest in my RSP. I`ve been doing that same procedure every February for a few years now to get a little...