Just curious, I bought a condo in killarney 5 years ago and its been practically maintenance free so far. The condo fees covers "insurance" but I also received a letter today saying something about heating pipes or something in some of the units exploding and damaging some units. Luckily it...

Good point. Yes I figured there was some sort of "hidden" aspect like small size and few units. Kind of like going into a car dealership and expecting the posted montly rates in the newspaper. Cuplholder is extra haha thanks!

Airdrie is offering new condos (2 bedrooms) for just $130K. Seems to good to be true. Am I missing something?

I have heard lately about the brand new 2 bedroom condos in Airdrie going for $130K? This seems like a great deal? to good to be true? Anyone know much about this?

I will check. Yes, in this case, they want to sign a new year lease.....so thats taken care of...Just wasnt sure if I needed a anew lease or not...

I have some great tenants who have decided to stay another year. Current lease expires June 1st. Do I just need to cross out the "end date" on the current lease and get them to sign it or is it best to do up a whole new lease again? Thanks everyone.

A couple years back I learned about DRIP investing. It seemed a great route so I began doing it. Because income is low right now, I more focus on investing in myself (business and education) but am still only considering DRIPS and possibly switching into ETF's. With Drip investing, I pay...

mattbailey84 (at) hotmail.com Hi, I run the carnival of real estate, an edition which comes out Dec 1st, I will publish your plight there and we`ll see if we can get your stock sold out ok? wow sounds great! Did you need any more info from me? I know dec 1 is quickly approaching so my...

Has anyone every heard of the book "The Four Hour Work Week" by Tim Ferriss? If not, it`s a NY times bestseller and an international phenomenon. It`s one of the best books I have read on any of the topics: Entrepreneurship, online business, lifestyle design, travel, and outsourcing. As part of...

Just curious what other`s are doing in the investment game besides real estate. I have a little invested in drips but had mostly been concentrating on real estate until now. Now I would like to put away a percentage each month but doing all 3 seems like to much My guess is all of them are good...

I laugh at this but thought it would be good to get Rein educated opinions. Some Real Estate sites are claiming that the Canadian market (especially the big cities) will drop at least 30% over the next year - 3 years. Others say would NOT happen. Curious what people think

QUOTE (Savard @ Jun 28 2010, 01:57 PM) Hi, What is the new rental building that you are referring to? What stage is it at? Do you know who the owners are? Thanks Don`t know by heart where it is but the owners are the City of Calgary. It was suppose to be a condo building but the developers...

QUOTE (MonteDobson @ Jun 27 2010, 10:08 PM) Hi Matthew, I can`t help but notice that this is about the 10th post regarding this condo. It appears as though it is causing stress in your life and my suggestion would be to unload this unit and cut your losses. As the experienced Calgary realtors...

QUOTE (RedlineBrett @ Jun 27 2010, 11:28 AM) Every new condo building in the city is an apartment building hurting everyone. Dumb investors buying on presale and then having no choice but to rent them out. Also connections within the developer's network sees as much as 1/3 of these projects...

Hey, I came across a great site where they summed up all the predictions on interest rates. Basically, it was rising roughly a quarter point or more every 3 months from now until reaching 4.5% in August 2011 and stabalizing for 3-4 years. I downloaded a great speadsheet where they used this...

I was wondering what people think about the inner city condo market in Calgary. Not buying right now but I already have a condo in killarney from 2007. It`s still not worth quite what I owe right now but the Ctrain station will be about 600m away end of 2012. Is the general though 3% a year...

QUOTE (JoeRagona @ Jun 14 2010, 07:59 AM) For the spread between variable and 5 yr fixed (I`m sorry - in my first post I failed to mention 5 yr fix) to close and put you in a position that your payments would have to increase, it would take a while. Of course, this is all depending on your...

As Many probably know by now, I have a 2 bed condo in Killarney. Currently I`m negative $300 on it so my tenants pay the interest, I pay the principal. I`m considering switching to variable which would almos break it even for the time being. Current details bank: scotia motgage balance...

QUOTE (brentdavies @ May 24 2010, 01:13 PM) The reality is you can be liable for any shortfall if the purchaser defaults, even after 5 years. I know of one right now that is 4 year old assumption. You are limiting your liability as the purchaser has to qualify. There still is a few...

QUOTE (ThomasBeyer @ May 24 2010, 08:13 PM) you are the guarantor of the debt. The debt is owned by the bank, guaranteed by a) the house, followed in priority if too low in value by b) the CMHC or GenWorth insurance, followed by c) your guarantee Thus: no risk for the bank .. thus: a low...