Hi, I made an offer to purchase a townhome (part of site project, brand new inside, not outside). I asked for closing March 2009 and a price reduction. They took my price reduction offer, but moved my closing date to January 2009. I accepted it and it kick started my 10-day "cool-down" period...

Very good information Doug. Thanks!

Hi, I am planning to hire a snow contractors to remove the snow this winter for my parking lot. I got a few referrals in the area. What are some questions that I should ask? One obvious one is what much the price is. Some others I can think of is, "what equipment do they use?", "how many...

QUOTE (JamesB @ Sep 30 2008, 08:41 PM) Guys and Gals, does anyone know where I can get a contract that I could use to purchase a porperty if I were to do it without a realtor? I livein Ontario. (Not sure if that makes a difference) Could I use the regular contract that a realtor would use? For...

I just called up the builder`s agent. She said the price has little room for negotiation - that means there`s still negotiation possible. Thanks for the tip Thomas.

Hi, Does anyone have experience buying new homes from the builders? The price is clearly listed, and it includes this and that (appliances, some upgrades). As a buyer, what negotiation power do I have? They are the ones drafting the Agreement of Purchase and Sales. Can I request for a...

Hi, In real estate sales and purchase, the peaks usually happen in Spring/Summer, and gets slower in snow and cold winter period. Is there any peak and valley in the real market? Statistically, is it harder to find tenants in the winter (ie, January/February)? If I were a tenant, I...

Hi, My bank`s mortgage specialist said she could offer variable closed for P-0.7. Does anyone have any better rate? If you have referral who can get me a better rate, send me an email or post here. Thanks.

If you and your tenant are using the same bank, then you can go to the bank counter with the tenant`s cheque, and ask the teller to transfer the money from the tenant`s account to your own account directly and instantly. This will avoid any bounced cheque or NSF charge. Thanks, Lucas

QUOTE (RArora @ Sep 5 2008, 06:46 AM) Congratulations! Are you going for the field trip in Sept? It`ll be good to meet someone from Ottawa incase you are! Thanks for the warm welcome. Yes, I have registered for the field trip on Sept 26. I will be there .

The Garth for your insights. I have passed the opportunity because it`s a legal but non-conforming unit to start with. I am not comfortable with it. Cheers, Lucas

QUOTE (thomasbeyer2000 @ Sep 2 2008, 07:14 PM) Or: you do not lose weight or build muscles by joining a fitness club ! You actually have to use the equipment and work out .. week after week .. then you will lose weight or build muscles. Same in real estate. Doing a 2 1/2 day weekend event is...

Hi all, Hello from Lucas in Ottawa. I have been reading and posting a few times as a forum member, and I decided to join REIN starting September and officially become a member today. Thanks for the efficiency of the office staff and board admin to enable my REIN status within 12 hours...

Hi, Don`s book "Real Estate Investing in Canada" described ACRE system (scorecard, etc), and I read it. Is there any difference between what`s taught in the book, and what is taught in the Quickstart Live seminar or Home study manual/CD? Thanks, Lee

Hi,Wanted to get your feedback on this property.Listed 255,000 (semi-attached) CMHC Premium 6% = 15,300 Total mortgage = 255,000 + 15,300 = 270,300 Income (1 year lease signed) Unit 1: 1200/mo; Unit 2: 950/mo minus 5% vacancy and bad debt GOI = 24,510 Expense Property Mgmt...

Hi, I`d like to get your opinions on joint tenancy vs tenants in common in Ontario, for 2 individuals who have paid 50%-50% on an investment property. From what I read, tenants in common is clean and safe. Person A and B each owns 50% of the property, and if Person A dies, the property in land...

QUOTE (invst4profit @ Jul 15 2008, 01:19 PM) What province ? In Ontario, Ottawa

Hi, I will be taking over a duplex with two existing tenants in August. The current lease agreements between the existing landlord and the tenant expire the end of 2008. Can I request to sign a new lease, or change some terms (rent increase, utility responsibility) with an amendment to the...

Hi, I am planning to buy a property in Ottawa, but the appraised price is 11% lowered than the purchase price. The property is a duplex (2-unit) and has many parking spaces for rental to government workers nearby. I think the appraiser did not take into account of the parking spaces available...