QUOTE (Rickson9 @ Sep 13 2010, 04:05 PM) Ultimately it will be fun to see who will be right - Buffett or the IMF! Who`s usually right? Rhetorical question of course. Nik

QUOTE (REINteam @ Aug 12 2010, 06:05 PM) For those of you who don`t subscribe to Canadian Real Estate Magazine, here is the Main Article on fellow REIN™ Member Troy MacDonald out of Winnipeg! Way to go Troy, great article and congratulations on your success! Troy`s story is a great read, and...

3br and 1 bath purchased for $80 600 25% down prime minus 0.5 variable bank appraised at $113 000 before any renos fixed damp basement, eavestroughing, new chainlink fence, kitchen counter tops, central air about $5000 total approx $1000 per year taxes lease signed for $985 a month plus all...

QUOTE (PhilipMcKernan @ Aug 10 2010, 05:18 PM) Just wanted to announce my new book Fire Sale and thank the REIN community for the continued support and encouragement in my journey in Canada. www.firesale49.com I have it and am on Fundamental 27. Thanks Philip! The tax implications you cover...

QUOTE (Rickson9 @ Jul 14 2010, 04:41 PM) I will not provide the zip codes where I am investing because the competition is already bad enough. I literally write up 20 offers to close on 1. This is not an exaggeration. There is enough information available online to research any zip in the U.S...

QUOTE (CreativeInvesting @ Jun 28 2010, 11:09 AM) Hi all, I am currently slowly building my real estate portfolio and as I go forward I am trying to put together a list with most common major obstacles. [/size]Please feel free to add to the list, share your experience, offer solution. I will...

QUOTE (ThomasBeyer @ Jun 29 2010, 07:45 PM) buildings is one thing .. AREA is another ! Do you wish to own a B+ property in a C- area ? Did you walk the streets around it in day time .. and at night .. 2-3 times ? Is this an improving area ? did you check 2-3 year rents collected ? I...

Toronto woman paying for mortgage fraud | Tuesday, 29 June 2010 A Toronto woman is being ordered to pay RBC $95,000 after failing to realize she was being tricked into a mortgage fraud. Angela Isaacs accepted $6,000 to co-sign a stranger`s mortgage and signed the documents without reading...

QUOTE (ThomasBeyer @ Jun 29 2010, 12:56 AM) low 20`s / door ? that is unusually low ! where is this ? suite size ? rents / month per unit ? deferred maintenance ? check out the area .. is this manageable by you or preferably a qualified 3rd party ? Here is the proforma that the vendor...

QUOTE (fisher1 @ Jun 27 2010, 07:31 PM) Unfortunatly for this guy he bought a place in one of the worst area`s of Winnipeg. The housing is cheap for a reason. The tenant profile is awful and you got to dodge bullets after dark. "This guy" being yourself? Nik

QUOTE (westboundventures @ Jun 27 2010, 11:44 PM) I don't think this is a ridiculous question. It makes sense to learn from someone who is really successful at what they do, and in real estate your net worth is one of the most important measures of your success (along with cashflow, systems...

Looking for some opinions regarding an apartment building purchase. I am in the early stages of my portfolio building. Right now I have a four-plex that cash flows positive but barely. I bought it before I had a clear plan. Now my plan is to start adding properties to my portfolio with good...

QUOTE (Berubeland @ Jun 24 2010, 09:00 PM) Ontario investors claim they have it worse, don`t you guys have rent control too? You bet. We were allowed to raise the rents in our four-plex a whopping 1% this year. Nik

Man, it seems the Manitoban government is out to squash any residential real estate investors. Nik Subject: News Release: Tenant Protection Strengthened During Low Vacancy Rates Manitoba News Release ............................................................ June 24, 2010 TENANT...

QUOTE (ottawaman @ Jun 23 2010, 01:30 PM) Hi Sorry, i forgot to mention, I already own a house (bought it 5 years ago, mortgage has been paid off Feb of this year) I also bought another rental income property last year Sept. (is currently being rented) thanks for the replies. Sounds like...

Well, I`m back and forth in my head with the AZ property. I was ready to book my flights and then I was on the phone with Peter Kinch, and he made some good points. Unsure what to do. If there are properties in AZ that can cashflow really well, and cashflow is the goal, why not? Thoughts...

I would think you would have to stratify it first and then sell half the units. I suppose you could add someone else to the title in exchange for a fee and their willingness to take on half the mortgage payments, but you would need a lawyer for that. Actually, you would need a lawyer for...

QUOTE (fumbrunner @ May 28 2010, 11:45 AM) I have developed a 10 yr plan to financial freedom. I am currently in year 2 of that plan and slightly ahead of schedule. All in all, I have been very fortunate. Tenants have been great for the most part. Investments have panned out. And most...

I missed this week`s but I will try and make it out for the next one. The last one I went to was a great time. Nik

Yep. He can stay at my place. I got this couch that folds out and everything! Nik