From the mortgage perspective, some lenders want a company, some don`t. The ones that do want a company require personal guarantees, which takes away any "legal protection" you might have enjoyed by having the company.

With 5 year fixed rates as low as 3.95% why would you try to get lower. If your property doesn`t work at that rate it likely isn`t a good deal. Remember that rates have little room to fall and a long way to go up. I am usually a variable fan but with rates this low, a 5 year ride is pretty...

I think it was Thomas Jefferson who said " never take financial advise from someone who has less than you" this is a great statement and when ever you hire an expert, make sure they know more then you do. Like Heather said work with a broker that understands Real Estate investment. I too know...

Please do not take tax advise from a banker!! They have little or no training in that regard. It is hard enough to find a licenced accountant that understands the rules. When I quit work and went to the bank for advise on how to structure my future he promptly told me that my portfolio had a...

Go back to Robs comments about getting an experienced Mortgage Broker. All LOC`s are not alike in the eyes of the lenders, even when they appear on your bureau. Discussions with your broker can help you avoid pit falls.

The problem with monthly rates is they are not very current. Rates are changing daily!

you can have control over your RRSP`s. Talk to a mortgage broker that understands investing and they can help you place self directed RRSP funds and explain how it works.

forclosure proceedings can be STARTED very quickly. Some lenders now start once you are 21 days late. It does take some time ( I believe 3 months) to make it happen but lenders are not waiting till then to start the proceedings.

Come on people... There is definatly money in stocks. But I ask you, who among us knows how to get it? The stock experts at the banks and every where have pulled their money out of the market because they don`t know what way things are going. They are highly trained very well experienced and...

I guess coming from Alberta it is us with the blinders. We always vote conservative and just can`t understand why we have the strongest economy in the country. Simple answer, we have oil and gas. The part that gets missed is so does B.C., Saskatchewan, and Manitoba. I wonder why Alberta is the...

Everybody is getting tighter these days. But definatly make sure your broker understands the rental business. The game is changing daily and even someone who is on top of it is not really on top of it right now. Remember that if it was really easy everyone would do it.

Real estate investing is a long term game. Real estate speculation is a very different game. Trying to hit the highs and lows to me is speculation. Not a bad business if that is what you want to do. Just understand what business you are in. REIN`s model as I see it teaches the investment side...

Best I got at the moment is prime plus .6, but the day is young. Who knows where it will end up. Certainly a great time to buy!

I like it when I can do good as well. I have one customer that wrote me a real nice letter when I wanted to raise the rent and she told me her stroy. She said she would pay the increase but it would definatly affect the way she lived. After a bit of research I agreed that the rent increase would...

I am a licenced mortgage agent and I won`t do my own deals. It is just a recipe for problems to try to be all things. I have some licenced realtors that are licenced as mortgage agents thru my office and I won`t let them do both sides of a deal either. Mortgage brokers and Realtors are licenced...

Who could have predicted that this issue would be revisited?

Real estate investing is a long haul route to wealth. Buy and hold is the true definition of investing in my mind. If you have no stomach for buy and hold then you are a speculator and there is nothing wrong with that. It just is not what REIN is about. Flipping is a great business and it can be...

At present I am opposed to the variable rate mortgage. Prime plus for a 5 year term doesn`t excite me. Right now the one year rate in my opinion is the best buy. Then you can see where the market is going. Some lenders offer 120 day rate holds so you are really only taking a chance on 8 months...

Can you not just refinance your existing house to an amount that will cash flow, or at least break even and then use the balance of the proceeds to buy your new house? I don`t understand why you want to "buy" the house at a lower value then it is worth so that you can pay higher taxes later.

You would have to read your mortgage documents to find out what the rules are. But they will most likely be assumable with qualification and they would want personal guarantees from you. Transfering from personal to company can be done but it triggers tax unless you spend a lot of money on...