The easiest thing to finance is your own home. Or like Garth says a small duplex where you live in one side and rent the other. The biggest thing I find with financing for young people is their other debts are too high to allow them to qualify for much mortgage money. Have a low or no car...

Peter Kinch and his team do a great job in trying to educate REIN members on mortgage issues. Unfortunatly the mortgage business is complicated and they can only share the tip of the iceberg. The rules with the lenders change every day and it is a full time job keeping up. As Peter stated above...

I believe that as landlords we have a responsibility to the neighbors. I had a similar situation and I wish I would have evicted "Dan" before the police got involved. My advise, get rid of Dan as soon as you can and move on. It is better for you and the neighborhood.

It shouldn`t effect you. Bankrupt people need homes too. In fact they will have more disposable income once they file as they won`t have any bill`s.

Where do you live now?

From a financing stand point, being incorporated has the opposite effect you would think as far as credit protection. The lenders I deal with always require a personal guarantee when buying in a company name. Buying personally avoids that. Some lenders will not lend in a company name and some...

I pay my realtor full rate, my accountant and my lawyer as well. They are proffesionals and work very hard for me. If your realtor is not worth what you are paying him, should you pay less or hire a better realtor?

Remeber there are different types of mortgage brokers as well as different types of realtors. Some mortgage brokers are very good at some things others are better at others and the same applies to realtors. Your team needs to understand your goals and be willing to work with you to make them...

There are some banks you can not acces thru a broker, but if you like TD brokers do have acces to them. I agree with Rob, it sounds like you are getting incorrect advise. Find a good broker in your area that can talk to you about your options and if TD does offer the best product for you your...

What I recommend to my clients is usually the 40 year. It improves cash flow and you have an agreement with the lender to the lower payment. This helps with qualifying on the next deal. Most mortgages now offer the option to pay 15 or 20 percent more per month. If pay down is a goal for you...

I call betting on something that might or should happen as speculation. And something that actually works now as investing. Both are good depending on your goals. Buying land ties up capital and credit that prevents you from buying more properties. However lots of people have made a lot of money...

Just a side note, some seem to think every thing is coming to an end. I had Firstline in my office today and they are so busy that their turn around time is minimum 3 days. M-Cap is running behind as well. Somebody is bying houses! Lots of inventory out there right now but lots of sales as well...

You need to see what the properties in the area are selling for. I am not sure that pricing a 38 year old house by the square foot is the best method of valuating a property. Have a look at what similar sized houses in the area have sold for recently, what is the lot like, proximity to schools...

My tenants are paying the mortgages now. They will need to continue once I am gone. Insurance on your own home my need to be a different story.

I own property in Brandon and feel it is a good place. Be very careful though. The rent control police are powerful and if you buy and think you can raise the rent to the right level you may have a problem. Even if you buy with vacant posession you may not be able to increase rent much above the...

Hi all, I haven`t posted for a while it`s been a very busy time. Most of you have heard about how much cheaper cars are right now in the US. The down fall is you can`t finance them so cash is needed. Well thanks to haveing an extra house just sitting around and a customer willing to keep paying...

Real estate is a long term game. In the long run there is only up. QUOTE (MONEY @ Mar 22 2008, 11:23 PM) And you have a reliable crystal ball to know this for sure? How do you explain the drop of $50,000 from the summer of 2007 to now? That is a different direction than UP!

Make sure you can find tenants!

Get rid of the upstairs tenant as fast as you can. He will not be happy with any one you have in the basement and the problems are likely to continue. If tenants are fighting and causing a problem in the neighborhoo, you have a problem. Also check to see if the downstairs tenants dog is a...

Directing your RRSP money to your corporation would not pass the arms length rules. Legally you can not use your RRSP money to buy a property for your self.