QUOTE (GarthChapman @ Oct 7 2009, 10:11 AM) Jarrett, first, as others wrote above, make sure your value is correct first. Spend $300 on an appraisal. Ask for both current and ARV (after repaired value). Very important! I can`t tell you how many times I have seen people buy based on inflated ARV...

I have an accepted offer that allows me to purchase a property for about 25% below my estimated appraised value. I understand that there are no longer 0 down mortgages but since this property will be purchased with 25% equity, does that mean that the bank will not require a down payment...

My wife and I are moving to Ucluelet, BC in a couple weeks as I will be working and the new Blackrock Oceanfront Resort. We are looking to rent a 2ish Bedroom suite or condo close to the resort, ocean and town. If you have any properties in Ucluelet, please let me know so that we can have a look.

A friend of mine works for FIC and has always been very positive about them. I will email him and see if i can find out any details for you. On the contrary, it seems that everything Daren Weeks is involved in turns out to be sketchy and questionable.

There is clearly a lot of expertise here and thank you for your help. I believe that my options are to sell or to evaluate the fines against my cashflow and make a decision based on that.

QUOTE (Dan_Eisenhauer @ Aug 12 2009, 11:43 AM) Once a strata unit is rented, the Council has NO authority to tell you when it is to be vacated, as I understand it. Your "hardship" continues. However, the Council did set a date certain in its approval. You may be HOOPED, as Don Campbell is...

QUOTE (ChrisDavies @ Aug 10 2009, 08:51 PM) As far as I know, you`re grandfathered in and they can`t kick out your tenant. I`m not sure about precedent. Thank you for the guidance and please keep the ideas coming.

wow, that is very impressive and inspiring. Keep the stories coming. Congrats

QUOTE (EdWhittingham @ Aug 10 2009, 10:14 AM) A good point Alex. I posed that same question to Peter Kinch by way of email at the same time as the post, to get his thoughts. He`s replied quickly with the suggestion that we chat. Ed Please post your findings from you conversation with Peter...

QUOTE (GarthChapman @ Aug 10 2009, 10:54 AM) Not grey - BLACK. This is mortgage fraud. You must always disclose the actual price net of any `inducements`. As a REIN member you should know why this isn`t proper. In plain panguage - it isn`t legal or ethical because you would be lying to your...

Last year I wrote a letter to my strata to ask permission to rent out my townhouse (personal residence) because I was moving to Europe for 1.5 years for University. Under the strata rules, rentals are not permitted but they gave me permission, due to my situation. I am able to rent this house...

I am interested in purchasing a condo and the seller has offered to charge me an extra 10% on the property and then give me the cash back to supplement my down payment. He mentioned that he does this all the time and has used this technique to purchase many properties. He also mentioned that I...

QUOTE (thomasbeyer2000 @ May 12 2009, 08:31 PM) $1.50 to $2 .. depending in cycle length or size of machine .. Wow, to give some perspective, I am living in France and we pay $12.00 per load for washing and $1.60/10 min or $10/hr for drying.

QUOTE (GaryMcGowan @ May 6 2009, 06:13 AM) I have to give the credit to my mother who pointed this out to me. It was a topic of conversation on the accounting forum she uses. I googled it and got an abundance of hits. I took the info from the University of Regina's math web site...

The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down By Peter Schiff He is always interesting and always has a very strong opinion. He follows the Austrian School of Economics and has been pretty accurate in his predictions in the past few years.

QUOTE (GaryMcGowan @ May 5 2009, 02:38 PM) `One Trillion Dollars` Well just how much is one trillion dollars? It depends where you live. In the American system one billion is 1,000,000,000 and a trillion is 1,000,000,000,000 so one trillion is one thousand times one billion. In the...

QUOTE (GarthChapman @ Apr 19 2009, 11:45 AM) 1) Adopt a consistent naming protocol. Begin with `REIN` and then name the specific file with the same format every time. This will make it easy for members to download and listen to your excellent recordings. Excellent point Garth, This would...

QUOTE (housingrental @ Apr 12 2009, 11:01 AM) Fire your realtor and mortgage broker immediately and get new ones. I agree, fire them, and make sure they know exactly why you are not working with them anymore. Do not ever lie about this, as it will catch up to you as previously mentioned.

QUOTE (brentdavies @ Apr 11 2009, 07:53 AM) My internet guru, brags that if you are on page 2, your are dead. So Kijiji may be a bust for me, but time will tell. What is the current attraction to Kijiji? The cost if free $, but if you posting every day, is it free. What is your time worth? Many...

QUOTE (GarthChapman @ Apr 11 2009, 06:06 AM) In the meantime dig out the material that Don gave us all when he made a presentation on buying foreign property (sometime in early 2008 I think), and get a copy to your parents to get them to slow down and go through the due diligence process...