Laurention is a good lender. They have a good second mortgage (HELOC) product on owner occupied property that can be used for buying other rentals.

Follow Thomas`s advise about moving forward with eviction. You can always stop the process if they pay.

Remember a line of credit secured against a house is a mortgage.

Does any one seriously think the liberals are going to form the next government? The green shaft is a discussion point and is not likely to happen. Why worry about things that are not. If they were to win then we would have reason for concern. There are enough things to worry about without...

If you don`t get what you want in a deal then of course you should not buy. Coming from Alberta I don`t understand the 10 day cool down but if it is a matter of law then yes you should walk away if you are not comfortable. Buyers remorse is a common thing and fear is a major issue in big...

After an inspection I usually end up with a discount. However I usually deal with the same realtor and am very concerned about my position as an "expert" real estate investor. So after getting the inspection report I never try to negotiate down because of things I should see. For example an old...

Also the cash kickback plan puts your Realtor at odds with his associations rules.

I used to work for Halliburton. They operate all over the world including places like the Ivory coast and even Iraq. When I once questioned why the division I worked for did almost no business in Saskatchewan the answer I was given was "it has an unfriendly government". Like Rebecca says it...

A HELOC offers much flexability but do realise that a HELOC IS a mortgage.

Unfortunatley lenders do not care a whole lot about net worth. They only care about income and debt. Not haveing your name on the properties is likely a benefit to you (unless they cash flow real strong) because if they do use your rentals properties they only give you credit for maximum 80% of...

Thanks for the help.

My 2 cents. Buying up 700 billion of bad mortgage instruments when they are very low is a good investment. If you could buy enough stock to move (manipulate) the market would that not be a good buy? In time I see pay back on that money to be huge.Basicly I see this as buying up a whole bunch of...

There really is nothing for you to do. The fraud was perpetrated on the "tenant" until they complain there is nothing that would need to be done.

Great post Brett, thanks for putting this out there. The best thing that REIN members can do is exactly what Peter has been preaching from the start. Have an up to date accurate investor binder. It won`t make all things perfect but it sure helps us as mortgage brokers tell the story to the...

I am looking for a mortgage broker in Grande Prarie. Can anyone recommend one. Has to be locally based. Thanks,

I own a house that was built in 1910. Built out of wood and is in so so shape in my opinion and it appraised with a 40 year economic life. Also brokers have much more flexability then a bank rep does. And most brokers have access to TD if that is where you really want your mortgage.

Be careful playing the rate only game. A point 1 difference in rate is only about $6.00 per month on a hundred thousand dollar mortgage. Have your mortgage professional work with you to come up with a long term plan. Interest rates are just one factor, how you set things up is even more...

Never rent from a position of weakness. In Ontario I understand there are no security deposits so you have no fall back. I too would pass. In our rental business we go strongly with our intuition, I to think you should listen to what your gut tells you. It is hard to have a vacancy, harder to...

If she doesn`t have the cash hand her, her notice. Next month make sure the money is good (cash or certified cheq) and if you don`t have it by the second of the month give her notice. The quicker she gets her notice the quicker she will act. Train her early that rent is due and payable on or...

go to the Edmonton Real Estate Board website. It is full of great information. www.ereb.com