Hey Godfried, I Would need your email as I cant send a message to you via Rein. My main decisions around this now and after the posts from everyone is housing may go up a little over the next few years but the price im getting now is already over the value by probably 30K. Side by sides...

QUOTE (invst4profit @ Mar 31 2010, 04:02 PM) Because you can not charge a high enough rent to cover the expenses and in the case of a vacancy you lose 100% of your income with a SFH. Going bankrupt slowly, or suddenly for that matter, is not a good business plan. Makes sense but don`t most...

QUOTE (ThomasBeyer @ Mar 27 2010, 07:55 PM) a single family house, even suited, over 300,000 is VERY HIGH RISK and should not be considered a revenue property / long-term hold. It may be a good flip if bought cheap enough ! Try to stay under $250,000 for houses !!!!! (and yes, that eliminates...

QUOTE (invst4profit @ Mar 25 2010, 09:54 AM) Also, although no one else has pointed it out, there are no real numbers to support his cash flow figures. In reality, holding long term, I predict negative cash flow due to expenses let alone rising interest rates. Should we even ask for rental...

QUOTE (GaryMcGowan @ Mar 18 2010, 04:38 PM) Maybe I`m missing something, You mentioned that you bought it at 218k, FMV is 510k but if you sell at 545k you break even... ? Where is the over leverage? You have some great cash flow... On the upside, There is some great news for the future for...

Hey Everyone, Im pretty sure I know the answer anyhow but I love hearing other ideas on this awesome board. I bought a suited house on a R2 Lot in Cambrian heights. Had an agreement for sale for a year or so but eventually Bought for 518K in September last year (agreement on price was from...

QUOTE (gwasser @ Mar 17 2010, 12:57 PM) Thanks for the update. I expect this year`s stcok market return between the 10 and 15%, which would be modest for a recovery. I expect another 3 to 5% positive cashflow in terms of dividends and proceeds from options. So who is to complain? Does anyone...

QUOTE (housingrental @ Mar 12 2010, 10:29 AM) This Hey everyone. Thanks for all the replies. To answer all the questions. First, the only one with negative cash flow is the condo which is fixed at 4.2%. It is losing around $350 to $400 currently until rents go up a little. The house is...

I am 25 years old. Still a part time student worming fulltime but still want to travel etc before making the career I have a condo and a house I bougt as investments but due to negative cash flow on the condo I`m looking to sell the house is fin with the rates so low but I feel over leveraged...

QUOTE (Dnaiture @ Mar 9 2010, 08:12 PM) You're forgetting mortgage paydown as well. My first property is essentially cashflow neutral, however, in addition to any possible appreciation, my tenants are paying down the principal on my mortgage by over 700$ per month. Yes True, Im getting...

Hey everyone, Just curious. I bought a couple houses in the last couple years and not trying to be negative, and after learning more and more, astleast for me, they are the worst thing I have done. It probably doesnt help with the market ofcourse but even still, from what I read now in...

QUOTE (GaryMcGowan @ Mar 7 2010, 08:24 PM) Where are your properties? guess that would be a good thing to mention. Sorry I am in Calgary. Both are almost inner city nw and sw

QUOTE (MikeMcCrae @ Mar 8 2010, 10:43 AM) Although I am biased, a good mortgage broker will do a better job for you than a Bank employee. Many brokers have access to Scotia but they also offer products from other lenders that might suit you even better. I should of mentioned the reason maybe...

I have heard they are hard to come by. I have a Suited House and the main floor is rented out by the room. And I have a condo downtown. Might leave the country for 6-12 months so Im looking to have them managed while I am away and maybe forever after that. Hopefully looking to get a decent...

Im trying to find a educated scotiabank banker. The one I currently deal with doesnt know very much when it comes to changing rates, or anything to do with assumptions, etc. I have had to explain everything to him which is both time consuming and doesnt always get me the best results. If...

In December I had a warning to clear the snow and ice from the sidewalk. With my house being on a high traffic street, it tends to get tramped down before I get a chance to shovel. Anyways, The warning came just before the 1st of Jan and I had called the bylaw officer and told him I would have...

Just wondering how much is considered wear and tear. I had some tenants move in only a few months ago and they have ikea shelves put up. Not a big deal but if they move out soon, those shelves tend to leave big holes in the wall. Are they responsible to fill these in? Is it just considered...

Hey everyone, I am currently living in my suited house in Cambrian heights. I rent out my legal basement suite and I have 2 roomies on the main floor. I am considering moving out and since one roomie wants to stay, I am considering renting out by the room to make more money ($500 plus...

I have a house I bought. Its a bungalow with suite. from the 1950`s. Has hardwood floors on the main floor. I noticed it has a humidifier hooked up to the furnace. I haven`t used it yet. I have heard its good to use to keep the hardwood floors from warping but I also heard it can make it...

Hey, I have a suited house in which im living on the main floor. I have 2 roommates. Should I get them on a lease with me? If so, what type of lease? A typical rental lease? Thanks Matt