Must be a member of OREA to receive this info, AFAIK, member means Realtor and/or Going-to-be Realtor. Try to find a good realtor. When I am interested in a property I email mine the MLS No or the address (if not listed) and he will give me all old and current infos out of the system (owner...

Hi all. While browsing a bit in the internet I accidentally stopped at http://www.ltb.gov.on.ca/en/Key_Information/274235.html, which shows the Onario Rent Increase for 2010. It will be 2.1%. FYI!

Yes, I really like to read your posts, too! Good to see you around. Which literature would you recommend to start working with supportive puts and calls? So far I just buy a stock ...... and wait and hope!

100% ACK, Neil, if you can get rent directly from Service Canda. I am referring to a 21 year old, who will move to my town to start a new job. I am just thinking that she is getting desperate (very hard to find an apartment at all right now, students are invading the city...) and willing...

It comes down how the $50k will be spend. 15k per door is quite something if you spend it wisely. Anandam: Like Greg mentioned: Getting the low rent tenant is quite an issue and could cost you really money, so from this you should try to buy it vacant. Think of using these 50k for separate...

I would consider it and run detailed numbers. Would the value of the house increase after the upgrade to have a potential higher sell price later on? Download the 30 day trial version of REMA and you can use the Property Analyzer, which is a great tool. Increasing rent with existing tenants...

QUOTE (anandam @ Jul 16 2009, 04:37 PM) Enlightening. Thank you for the discourse! A small case ... If you`d paid, say 400K to purchase a property that was bringing a rent of 3K per month; and (other things remaining constant) lets say that and by spending another 50K, you could get the rent to...

Thank you all. I will let her know that I picked someone else (and I did). BTW: Greg, what happened you your scary clown avatar?

Buy the book of Don Campbell and read here in the forum for the fundamentals. Go to open houses where you want to invest, do research as mentioned in the book. Gather a network (Realtor, lawyer, appraiser, General Contractor aso) and wait for a good catch. Meanwhile attract money (own and...

Thomas mentioned once to me that you can roughly calculate 30k per door for expenses. That might give you a ball park. Surveys, Security deposit, new roof, individual mortgage aso.

Hello world. I just received a Rental Application for an August vacancy and was thinking that she is earning not enough to pay rent AND to live. She says that she makes 22.000/annually and the rent would be 750$. So, even if this the annual income AFTER tax (which I doubt), the monthly payment...

Since being in Northern Ontario I haven`t seen a 12+ plex in my area listed in ICX. Are these bigger units sold differently or just not available?

Nice buy and hold- property! If you see a mid term growth thru local Ripple effect or rising curb appeal- go for it! I would take it. Numbers seem to be right and good. The 292$/month ... and if you can add the 10% management thru self management, great! Make sure that it really is a legal...

As I learned here (and experienced by myself) will a bank rate a real estate deal with 5+ units as a commercial deal. They will focus more on the deal and not at the buyer/lender like they do with residential. My first property I bought was a commercial deal (5plex)- it was easier for me as a...

Hey Neil. IF your Money partner is willing to JV in a 8plex or 4plex with you.... and the numbers are making sense in both: Why not going for the 8plex. I also think that financing might be easier (commercial, because bigger than 6 units). "knock knock!" "Whos there?" "Opportunity." I would...

I am curious: Why does someone need to be "an accredited investor"? Which benefit does he have expect that we know that he has min. $200k/annually or 1Mil$ in liquid assets and which benefit does the JV partner have?

Charge late payment fee, not interest. Tenant called me on the 28th and said that his Boss (he is a painter) had a stroke and his girl friend won`t be paid until the 5th. I issued the N4 and will charge 25$ for late payment. I also added this in my rental agreement, that I will charge on late...

QUOTE (kreezo @ May 1 2009, 09:55 AM) I was just wondering how would you drop by their place to drop off something or inspect the astray of their car without coming off as being too invasive of personal space? Or if they give you any excuse for that you just reject their application? Kreezo...

Great idea with the autoresponder! I will do that too. Thanks CLW!

I set up appointments always if I have min. 2-3 interesting parties. I always ask when they want to see it. If they say 2 p.m. or 10 a.m., I always ask if they are off today and what they do, but set the time always at 5 p.m. ... 2nd party at 5.10 p.m.... 2rd party at 5.20 p.m. During their...