Hello REIN Team, Hope all are enjoying the summer season. I was just wondering if there will be a forthcoming workshop in Toronto on multi-family investments. Thank you. Regards, Tony

QUOTE (ThomasBeyer @ Apr 11 2010, 10:33 AM) seller might live there .. has nothing to do with cash-flow ! The seller does not live there and have a principal residence in nearby city. The place was fully rented until the owner advised the tenants to look for another place. Now, they`ve got six...

QUOTE (housingrental @ Apr 11 2010, 10:20 AM) Hi Tony If there in default its likely a good indication that the property is not cash flow positive... Have you properly factored in vacancy, uncollected rent, and most important of all maintenance and repair costs? Hi Adam, Yes, I factored them...

QUOTE (ThomasBeyer @ Apr 10 2010, 07:15 PM) get more FACTS .. then decide .. assess if time and risk is well spent here on a potentially marginal deal ! Hi Thomas. My timetable is set tomorrow after getting more information from Resmor and talking further to the owner. We will see what we can...

QUOTE (ThomasBeyer @ Apr 10 2010, 06:46 PM) you could try an agreement for sale .. with a clause that would bring mortgage current with your cash ! You could negotiate with the bank if you find the right contact person. Assuming little equity is left you will likely NOT be able to get a new...

Hello there, This is the first time I`m doing this. I am negotiating a 10BR-student rental property by the University in one of the top cities identified by REIN. The mortgage with Resmor carrries a 6% fixed interest with two years to go before mortgage renewai. According to the owner, Resmor...

QUOTE (GaryMcGowan @ Mar 7 2010, 10:31 PM) Robert Di Vincenzo presented one at the last Ontario REIN meeting. Not sure if it made it to a pdf or word file. A soft copy of it would be great !!! Hint- Hint If I am not mistaken, it is also in PDF format only. It would be nice if there is a...

Hello everyone, Could someone please guide me where to find an AFS Ontario based in Word format? I`ve checked REIN database but it is in PDF format and Alberta based. Please help ASAP. Thanks a lot. Cheers, TonyM

QUOTE (Dan_Eisenhauer @ Mar 6 2010, 08:29 AM) Having the employer sign a lease is not THAT unusual. Get a Dun & Bradstreet report on the company, and any other references you can find. See if they will give you fiancial statements. There are no additional concerns or clauses that I think you...

I BELIEVE IN CANADIANS!!! GO CANADA GO!!! CONGRATS TO OUR ATHLETES!!! WE ARE VERY PROUD OF YOU!!!

QUOTE (invst4profit @ Mar 5 2010, 05:20 PM) You need to research why the employer is paying the rent. If it is because the tenant is completely irresponsible he may be a total PITA which you do not want. Further due diligence or more information is required before advising on accepting tenant. I...

QUOTE (brentdavies @ Mar 5 2010, 09:01 AM) Their is something missing in the tenant`s story. Because he has been refused by other landlords, you need to look carefully to see why he been rejected. Maybe the applicant is a deadbeat, and the company is putting him up? The lease would be what...

Hello everyone, We have a prospective tenant working for a small software company who in turn will pay for his rent. This prospective tenant told me that other landlords refused him because it is the company who will pay the rent. From our discussion, we sensed a problematic situation. My...

QUOTE (markl @ Jan 4 2010, 10:58 AM) I just wanted to say thanks to everyone who helped make this book a possibility. I think the real success is we are #1 in all 3 categories we are currently ranked in Check it out http://bit.ly/91JEh8 What a great achievement! Congratulations, Mark...

QUOTE (Youngdue @ Dec 16 2009, 08:58 AM) Is anyone interested in joining Mastermind Group in Toronto? I am looking for ideally 5-6 like-minded individual investors to form a Mastermind Group in Toronto. My intent and purpose of forming this mastermind group is to help each other accountable...

QUOTE (Rickson9 @ Dec 26 2009, 08:51 AM) http://www.youtube.com/watch?v=bNmcf4Y3lGM Nice link! Happy Holidays. Tony M.

Hi there, Just wondering if you have excellent RE Lawyer based in Hamilton. Any recommendations or referrals will be much appreciated. Thanks a lot. TonyM.

QUOTE (manojsingh @ Nov 6 2009, 12:29 AM) Welcome to Hamilton Mastermind Group meeting. Once in a month (2nd Sunday after REIN workshop) Hamilton investor meet at Williams Coffee Pub (7pm), Burlington (403 & Appleby). 90% of the members are REIN members. We discuss and share our thoughts. You...

QUOTE (investmart @ Dec 2 2009, 07:39 AM) I asked the question last night. reading it again I guess it is pretty obvious it does not matter either a or b above is fine. I would do `b` as it is simplier. TonyM.

QUOTE (DragonflyProperties @ Nov 25 2009, 10:49 PM) Hi all, This article is from the current issue of Canadian Business Magazine. I don`t imagine that the results and proposed solytion will be all that popular. Excerpts: Economists from Harvard University, New York University, and the Federal...