Hi, I think with TD for example you can get 75% LTV. It shouldn't be 65% unless you are a foreign investor. Commercial mortgage interest rate is very good now around 3% if you can go to one of the big banks like RBC, TD, CIBC, BMO. Thanks

Hi, That's a very good and interesting point. many landlords say no to pets. Thanks Regarding your question. I sense some confusion which is normal as you successfully grow your business, and I will try to help: Do you have a job? If you do, total ROI may be more important than cash flow (or...

Hi They actually do. Sorry you did not know that. Thanks

Hi, An average bank or bankers you worked with? Hope the first as my experience has been the opposite with the last. Thanks

Hi, It actually makes total sense if we assume 25% down and 75% LTV which is pretty standard for RE investments apple to apple comparisons. The point I am sorry you missed, is actually a critical one business-wise. Therefore, I will elaborate for you a bit: CAP is just a percent and the much...

Hi, What is the main reason you rather combine them than have a HELOC? Will your new mortgage principal be higher than your current mortgage principal+your HELOC limit? Thanks

Hi, Interesting. Do you think when a bank orders an appraisal - the banker can provide an estimate for the appraiser to confirm, or to try to be in that range if possible? Thanks

Hi, 1 minute is 1% of 100 minutes. Do you deploy 100% of your money every hour and forty minutes? That's also why I have to agree with Thomas that often "Complex problems have simple easy to understand wrong answers." You using the wrong units of measurement is not a big deal. Unfortunately...

Hi, where is the property? do you live nearby? even 10% Cap can mean only $200 a week as its only 2 unit.. which brings the question - how much time will you have to spend on this duplex? .. referring to perhaps the most important question: Who will manage it superbly? what do you know about...

Hi Appraisal - maybe. Legal fee - not likely as it is waived by the bank you are staying with. call it client appreciation. Thanks

Hi, Any tips how to prepare for a successful appraisal? A few I can think of are: - Prepare a good income and expense statement including a list of property improvements/renovations to provide the appraiser. - Clean around the building and entrances. Any other suggestion? Thanks

Hi, When you refinance and increase your principal (equity take out) with the same bank, there are zero (or almost zero) fees as well, right? Thanks

Hi Interesting. Are you sure Management is $1560 (wages are 15 to 20 usd per day) ? Not sure i understand the math. Also, Vacancy 28%? What if it is 66%? 28% sounds like a guess. which is fine it is anyway. but check the area, other similar type properties and talk to owners like you to get a...

Hi, Another option is simply not to sell. What's in your don'ts? Thanks

Hi, Perhaps best if you do not invest too much outside of the bank then. RE is a numbers game my friend. Thanks

Is this proper English/logical grammer ? or is it just me:) Re-read incl. do some math and I hope the question will be more clear to you. ps. not sure why it confuses you that where asking price is 4 times the annual rent, CAP is higher than when it is 5 times the rent (all else being equal)...

Hi Nice one, you can say anything here _______ and then add "if the numbers are better", and you will be correct :) Have you considered the fact refinancing is TAX FREE and flipping is not? Reminding you also that when you sell you stop paying down your principal. - a very important (and...

Hi, I have seen your posts saying 5 x rent. this one is better than rent x 4. Are we not contradicting ourselves here a little? Thanks

Hi, If you appreciate the advice, which also means you will probably not proceed with the deal, do you mind answering the members questions please - what is the asking price and total monthly rent? Thanks