QUOTE (myme22 @ Apr 6 2010, 07:44 PM) Hi Moe, Just one suggestion/question... Did you think of putting your agreement with the them with regards to their responsibility to pay for utes in an addendum? Serge Hi Serge, Unfortunately, we only thought of that after signing the lease! Live and...

Hi folks, Five months ago, my wife and I made an unusual arrangement in order to find tenants for one of our units. Long story short: we were trying to find tenants at one of the worst times of the year, and settled on three young guys who had good references but terrible credit (I know -...

QUOTE (housingrental @ Mar 13 2010, 12:23 PM) This is good advice Sometimes problem places are the best purchases Just know what your getting into and make sure you: have funds to complete work have certainty of work to be done and cost are purchasing property that is discounted much greater...

Thanks a lot, Brian, investsmart, and Lucas. Your advice is greatly appreciated. Moe

Hi folks, My wife and I have had our conditional offer accepted on a side-by-side duplex in downtown Ottawa, and I`m really conflicted on whether or not we should proceed. Here are the numbers on the property: Offer price: $419k Gross annual rents: $48k Property Tax: $2,362 Utilities: $4,920...

QUOTE (thejules @ Feb 28 2010, 02:45 PM) The Realtor that I has been working with me the past 8 years is Bill Robertson (705) 330-4625 Email: [email protected] Thanks, Jules. I've sent Bill a message. Moe

QUOTE (JasonEtheridge @ Feb 27 2010, 08:10 PM) I ve been using Dan Stoutt at REmax Orillia. He s the head of the real estate board and a 3rd generation broker in the area. I haven t met anyone who knows Orillia like he does. 705-329-8232. [email protected] Thanks for the referral...

Hi folks, My wife and I live and invest in Ottawa, and are looking to expand our horizons into Orillia. Can anyone recommend a realtor there who has experience with investment properties and is familiar with REIN`s approach to RE investing? Many thanks, Moe

Great! Thanks Thomas and Rob. Our mortgage broker has indicated that we`ll be able to get the financing. If there`s any peculiar to mixed-use mortgages that I should be aware of, would appreciate any advice.

Sorry in advance for the newbie question. My wife and I had our conditional offer accepted on a triplex that is zoned mixed-use. The seller is willing to do a VTB for 15%, and we`ll put down the remaining 10% needed for the down payment. Will be have to buy mortgage insurance? (I know that...

I agree with Jason. Speaking from personal experience: when I was a young punk I was pretty irresponsible with my credit cards - but never once missed rent (or would even think of doing so). Thankfully, my landlords never barred me based on credit score. Reference checks (on previous residence...

asanchez, I`m also from Ottawa, but I use Calum Ross in Toronto. They`re REIN members, and have been great in financing our first two properties. Highly recommended. Moe

Thanks to everyone for your advice. Dan, I`ll contact you by email, if you don`t mind. Moe

Here`s a typical one: Overview with 10% Down... Length of Term: 2 years Home Purchase Price: $170,000 Total Investment Required: $16,905 Monthly Cash Flow: $639 Total Net Profit: $14,438 Return on Investment/Annum: 35% And another: Overview with 10% Down... Length of Term: 2 years...

I`ve been hearing a lot about rent-to-own deals lately, and regularly receive those hilarious emails from Home Owner Soon (whoever writes those has personality to burn). My wife and I are following a strategy of buying duplexes in a good part of our city, with the intention of renting and...

I`m also from Ottawa, and am a member of OREIO (the Ottawa Real Estate Investors Organization). OREIO has monthly meetings, and you can learn a lot about the local market just by attending. Here`s the website: www.oreio.org Moe

Wow, these are all amazing ideas! I`m going to implement as many of them as possible immediately. The irony here is that I have a web business where I sell information products through pay-per-click advertising. I take a lot of effort to write good copy for my ads and sales pages - but have...

My wife and I recently bought a vacant duplex in Ottawa and have listed it on Kijiji and Craigslist for the past two weeks. We`ve been surprised by the lack of response to the ad (we`re getting quite a few views of the ad, but relatively few inquiries), and are hoping some of you can critique...

Thanks for the feedback, guys. I guess we should call a few more contractors and see what they come in at. Moe

Hi folks - my wife and I just bought a duplex in downtown Ottawa (our second investment property) and will be having the tar-and-gravel roof repaired. We`ve received a couple of quotes for this work, the best one being $9,500. While I understand that the cost of reno work varies by city, I`m...