The project is small scale res. and would be in SW Ontario. It's a model that I know works. The main issue I'm working on is how the equity should be fairly split & why it should be done that way. All other issues I have figured out.

Oops, I may not have been clear- B isn't lending the money. They are bringing it to the table; ie. they will borrow the cash from a larger lender. C Has all the skills you mentioned.

Hi folks - I'm working on an idea & would like some thoughts & input from those who have done joint ventures: The project is a new build, with a few scenarios- 1. It would be kept & rented, It would involve 3 parties; A is the builder, B provides the financing and C oversees the project...

I think folks ought to consider adding in some risk factor, especially in many high priced areas; ie. interest rates are at all time lows & what are the odds they stay this low given where they have been historically? If they go up, how much should you factor in for that possibility? A 6%...

My question is - why buy a building that is going to put you into such a liability issue? Can you make your payments if the city finds out and acts? Chances are that you have all sorts of code violations in that building, if it was done illegally & you did post recently about plumbing...

For smaller operators, if they run things right, it doesn't take a whole lot of work or frustration to run their properties. Plus it saves you a bunch of cash and gives you a real good education on what works and what doesn't........ However, as things scale up, it's better to have a PM or...

Did your mother have the tenants son charged by the police for the damage? She should have. She should have also started the ball rolling on getting the tenant to get things repaired. At this point, if the tenant won't pay for the repairs, she's going to need to either start the eviction...

For Canadian residents, down payments for investment properties vary between 20 and 35% depending on the situation and financial institution. For foreign residents, I'm not sure. In the US, banks have tended to avoid giving mortgages to many non-residents, at least since 2008 anyways... You...

Thomas- The OP didn't receive any monthly payments after the tenant/purchaser moved in, so are out thousands of $$$$

Hi Matt That water hammer sounds pretty bad. How long has it been that way? It's not likely from air in the lines, as that cushions water flow. It's usually caused when something like a washing machine shuts off really fast and interrupts the flow of water. Even then, that's usually due to...

IMO, it should be something to look at for many US property investors, especially in the areas that a lot of people flocked to, such as AZ, FL, etc. Many people that had the sense to buy in 2010 have seen significant price appreciation since then. The article shows how some of the price...

Something to consider: http://www.zerohedge.com/news/2014-07-02/how-few-wall-street-backed-firms-manipulate-entire-us-housing-market

When are you going to offer coverage in Southwestern Ontario?

I'm not sure if it's changed or not, but you used to have to take out a public notice in the newspaper for storage issues. If they still don't come forward, I think there may be a legal process you have to go thru to secure ownership of contents. A friend of mine works in the business, I can...

A quick google search should bring up a number of credible plumbing contractors in Brantford. I'm not too far away, over near Stratford, but a don't have anyone to recommend in Brantford.

They won't be able to ruin your credit, although they might suggest they can. If you have really good credit, it's pretty hard for one company to do any meaningful damage to it especially if it's an issue in dispute. They tried to send a collection agency after me 2 times because I wouldn't pay...

Yep, go buy a bunch of new ones, you should be able to get a deal by buying 6 at once. Give Reliance the ole heave-ho...... They will try like crazy to make you pay a bunch of made up charges to end the rental arrangement. I'd avoid that. They will even threaten you with collections, black...

Get rid of the carpet and install laminate. It's not expensive. You can often get good stuff on sale and finish rooms for under $2/ft. It looks nice, cleans easily, doesn't stain and wears well for most people. It will help you get more rent and rent faster. I'm gradually converting all my...

If they're from Reliance, chances are they are basic power vent 33, or 40 gallon gas water heaters. (no such thing as a 'ventless' gas heater, The Reliance person you are talking to is likely using the wrong terminology) If they are what I think they are, you can buy pretty much identical...

You can get out of a rental situation with Reliance and you can even do it without paying them anything, but they won't make it easy for you. They will try to charge you a removal fee of about $100-150(iirc), to come get their own units. They will also try to charge you an account closure fee...