You certainly don`t need to incorporate in most cases. But there are times when it is an advantage. As always it goes back to your plan. Sometimes if you have certain credit issues a company can make you life so much easier.

I am starting to like you Thomas. You always make so much sense in so few words.

Hi Neil, I would suggest that the tenant pay for the salt. He should also pick it up and spread it. As far as the furnace filters go, I like to replace mine at my expense every 6 months. And I install them. This allows a reason to get into the house without causing any grief between me and the...

Find a mortgage broker and talk about your plan. That will help in deciding when and if incorporation is needed. Also you would likely want a lawyer fairly close by where you live or work. It adds to convienience for signing documents. Ask your realtor to recommend a couple lawyers and then talk...

The great thing about REIN and Quickstart is it is not just a course. It is an ongoing training and support system that provides constant support and feedback along the journey. At every level of investment expertise new questions and problems are identified. It is very nice to have access to...

One of the beauties of the 40 year mortgage is that you are contracted to a lower payment amount. This helps debt service ratios on future purchases. If faster paydown is a desire most lenders allow you to make additional payments up to 20% of your monthly mortgage payment. If you do the...

My suggestion is buy now, save later! I think you will have trouble findind a property at 100,000 but I don`t know your market. Also see Kevins post above. Very valuable information.

The seminars there are "reatser seminars" they give you just enough information to make you want to buy their real seminar. Cost for the real seminar is usually $999.00 and the real seminar is a stepping stone to the next level of seminar. Training and networking from REIN is much more...

Hi Wayne, Sit down with your broker and figure out the best way to finance your new purchases. Set a timeline goal to buy your first one. Say 30 days and make your move.

As far as I know the plan you are talking about is thru CCRA and only applies to borrowing your own RRSP funds for a down payment. It only applies to owner occupied first purchases. My advise is read Thomas`s post on your other thread.

I am seeing -.4 -.6 is pretty standard.

You are buying property in another country? The banks have no way to reposess in another country so you will need to just get a personal loan if you are borrowing from here. If you are buying property in another country check out their mortgage rules.

The age old question...to incorporate or not to incorporate. From a financing point of view I can be absolutly positive when I tell you, the answer is, it depends. You really need to examine your plan and where you want to go and when. Some lenders require a company and some won`t deal with a...

Hi Tim, Congratulations on taking the first steps. Lenders will usually allow you to buy a 4 plex as a personal residence as long as you do live in one of the suites. Also some lenders do give better ratse on insured loans but not all. Some lenders will match the insured rate on no insured...

A further question to that question... could that DCPP money be put into an arms length second mortgage?

What we do with those kind of tenatnts is get rid of them. 3 months notice and then you can get in tenants that you like. I think life is too short to have to deal with people you don`t like. They would be happier some where else and so would you. Rent is to get paid weather there are repairs...

I was in Venice Florida early in December and prices have fallen a long way there and the people I talked to were thinking that there was still quite a way to go to bottom. Do extra research the rules are different there. Lots of opportunity so worth while I think.

Hello all, I just returned from a 2 week motorcycle ride in South Texas and had a ball with my brother and brother inlaw. One night my phone rings and my brother inlaw tells me that he and my brother are leaving in 6 days for a 2 week bike ride and would I like to come. Do you know how great...

The good thing about the 40 year mortgage is you are on contract for the lower payment so that is the number you use when you apply for your next mortgages. If you want to pay it out sooner you can use the extra payment provisions and actually pay more (which lowers the ammortization) but you...

Yes the answer to getting credit is "it depends". Talk to a mortgage broker and get his/her advise on how to structure things over the long term. But having said that Brett is quite right get busy buying the two or three and work it thru. Try not get caught up on worrying so much about later...