I just did a refinance mortgage with CIBC. Started 2 months ago, because the old mortgage expired on Nov. 2rd, however, the bank could not close the deal until Nov. 22rd funding date, and at the meantime, I had to pay for $20 per day for 21 days due to the open rate mortgage for 21 days. CIBC...

We have 20 rental payments every month, almost every month, there are some late payments, either bounced cheques or just merely late by email payments, by the way, half of the payments are through the emails now. Generation Y people are used to anything digital. We send texts to those who are...

Hi, Franco, That was exactly what happened to us in mid November, 2013. The tenants sent us an email saying that they were going to move out at the end of December because they bought a property and their family members were going to join them. He also said that he was going to pay for the...

This type of practice is common in China. There are no property management companies in China. Realtors do all the work, buy and sell and rent for clients. In Vancouver, there are many small property management companies competing agaist each other. I have worked with a few before, and...

Congratulations! Andres, I became Canadian citizen in 2006, that was the year I started seriously learning the real estate investing in Canada. In 2011, I joined REIN, this decision alone up level my game, I have raised the amount of capital within my objective in 12 months. Canada gives...

A fabulous book by Thomas, I was asking about this to him on this forum many times. Finally, it came before the Christmas. That is the best Christmas gift. It is so inspiring, not only from real estate investing point of view, but more of from life perspective. I was training with a running...

Congratulations! Sherilynn. You have been sharing with us so many practical experiences, good and bad, with great knowledge and insights, thank you for great efforts and generousity. Wish you all the best, life, business and investing!

It depends. Different lender has different policies. I recently obtained a new mortgage from TD, (Property will be closed in November), the down payment proof is from the HELOC on one of the rental properties. The key here is to make sure your debt coverage ratio is in line with their formula...

As an immigrant from China (born and raised in Shanghai, educated and worked in Beijing) living in Vancouver for 13 years, I have been doing business with China for years, mainly helping Canadian companies raising capital from Asia market. This summer, I have been meeting groups of Chinese...

Thanks, Greg. What is most important in the tenant insurance policy is the liability coverage. Many tenants do not care too much about their personal contents. However, if some damages occur due to their fault, such as leaking, fire etc. if the tenants do not have the insurance with liability...

We have included in our lease that tenants need to purchase tenant insurance. However, we did have one tenant later challenged us saying that it is optional and not mandatory according to the BC tenancy act. Other tenants have no problem to sign the lease, but always late to provide the copy of...

The JV Secrets course is a wonderful course, that is the best benefit I got from joining REIN one year ago. I have been full time investing in real estate for a number of years before joining REIN, and I was at the stage to raise capital to grow the business. The JV Secrets course is a great...

Hi, Joe, I have viewed all 8 videos on youtube. Great information and experience sharing. I have been experiencing these in my JV attraction. I particularly like the 4 learning types of JV prospects. Knowing what type of JV they are is critical. I enjoyed the knowledge very much. Thank...

Would you mind sending me one copy as well? Many thanks. [email protected] Angela

Talk to Park Insurance. They can help you set up a group insurance and add your JV property on it. I did my JV in June exactly the same way. Since the title and mortgage are all under money partner's name, hence the money partner is the beneficiary. Park insurance has experience to deal with...

I agree. I have been listening to the CDs every day with my newly bought CD player. However, there are not many stores selling CD players any more. Staple said they have no stock, I went to the Future Shop and bought last one in their shop, cost $36. But, the quality and content of CD is...

Great. Thank you so much. Will try it soon. Good Luck with your other renovation. Please share with us in your video.

Thanks, Mat. Helps a lot. What is the name of the tile? Vinyl Tile? We will renovate our investment property soon, if you were here in Vancouver, I will call you do the job.

Great Video, Mat. Thanks for sharing. One question: for investment property, in terms of return on money, is it better to lay the tile directly on top of the old tile, or strip the old one and then lay the new one on top of it. How long does it take you to install all the tiles, and cost...

Thank you Aneta for sharing with us. Well done.