QUOTE (RedlineBrett @ Dec 13 2007, 08:47 AM) I have seen these adds too. I`m sure what they mean to say is "It`s cashflowing for me!" I think that you are exactly right Brett. These landlords are reffering to the fact that they bought the property 10 years ago for $60,000 and have a very small...

Hi Carlos, I have not delt with 20/20 but i am in the process of working with Platinum Properties which is in Vancouver (they are based on the same concept as 20/20). I have not bought a property with them yet (they will have some availible in the new year) but the experience and expertise has...

QUOTE (jacquesbernizan @ Dec 2 2007, 04:45 PM) This 08:49 video is a good laugh on what "investment" is all about from the point of view of a financial speculator... Enjoy! http://ca.youtube.com/watch?v=SJ_qK4g6ntM PS: watch to the end! That was great, very funny. Thank you...

Navaz, that was a very helpful post. I have being trying to find out the pros and cons of this process for some time now and found you info very imformative. I appreaciate the fact that you posted the perspective of each professional. Thank you.

I have just recently taken a home equity line of credit (HELOC) on my residence. The back will generally finance up to 80%. The great things about a HELOC, like any line of credit is that it allows you to pay interest on what you are using rather than the total amount that you are approved for...

These are definetly valid points. One could arrange it so that the rent doesnt increase forever based on the fact that they failed to pay you one time. It could be arranged in such away that they are penalized or rewarded (depending on your perspective) every month, reducing the fear of higher...

Hi Greg, I think that you may be looking at this the wrong way. If the market can handle $1200.00 in rent, the contract would be written so the the tenant pays $1300.00 with a $100.00 discount if the rent is paid on time. Or, rent is set at $1200.00 with a penalty of an aditional $100.00...

That is great adivse Tyler, I really appreciate your expereince based opinion. Thank you.

Are there any REIN Members that live in the Fraser Valley that would be interested in meeting, networking, or just talking about investment opperunities? I would love to meet more like minded people that live in the region as I am new to investing. My name is Jarrett Vaughan and I live in...

That is an amazing story and very inspiring for me. I have set a lot of very challenging goals for myself and find is very encouraging to hear your story. When I was 16 years old I set a financial goal of net worth for when i turn 28 years old. I am now only 3 years away and am getting closer...

From what I understand, you are saying that discounting is not a good idea but penalizing is. I also agree. Is it legal to penalize for late payment (assuming it is written in the contract) on a scale approach as has been suggested and has anyone used the approach? Thank you for your...

I am wondering if any one has had success with discounting rent if it is paid on time? For example, rent is advertised at $1000.00 if paid on time and $1200.00 if paid late. Has this been successful and how much of a discount do some of you offer? Also, has this left a negative impact on the...

Thanks, that is great advice Rebecca. My long term plan is to purchase as many properties as i can use the maximum amount or OPM. This being the case, I understand that I should not be on the mortgage as that will affect my future ratios and credit. Is it possible to be on the house title but...

Thank you very much for the direction, those links were helpful. QUOTE (RussellWestcott @ Nov 7 2007, 09:47 AM) Congratulations on your actions... You may or may not have read this post Click here That should give you some direction. The benefit to being on the Mortgage is at closing you...

I am about to embark on my first investment property which will be a JV. My partner is able to use all of his credit to get the mortgage and we are spliting the down payment and expenses 50-50. Since he does not need my credit to get the mortgage, is there any benefit for me to be on the...

I have used Mark Andersen with Remax. He is a great man, very honest and very knowledgable about the region, especially areas in transition as he is a City Councellor for the City of Chilliwack. The office # is 604-858-7179. Let him know that Jarrett reffered you. Hope it works out for you...

QUOTE (bluerockgroup @ Oct 31 2007, 04:03 PM) I`ve been to one of these presentations by C.O.I.P. and F.A.S.T. They have some rather convincing literature and I was tempted to give it a shot. Thankfully, just a few days later that Don presented the article above in a REIN meeting and I was...

QUOTE (timk519 @ Oct 28 2007, 01:35 PM) Do you think it`ll take 2 years for the subprime meltdown, a US recession, and higher CDN $ to affect the CDN RE market? We`re seeing manufacturing hurting right now, and with it loss of jobs. Warren Buffet`s been quoted that it`ll take about 2 years for...

Is anyone familiar with the "Fight Aids, Save Taxes" concept? Is this a legitimate tax shelter? It is being heavily pushed by Darren Weeks from Fast Track to Cash Flow and sounds to good to be true. http://www.fightaidssavetaxes.com/ I apologize for the title error, should read Fight Aids...

That is great to hear, I hope you dont mind if i ask you a few questions. Do you have any advice or recomondations in dealing with them? Do you see their projects as the easy way (like mutal funds) out or is it still a profitable investments. Who did you deal with? Do you have any insight on...