I have a 2 bedroom condo in killarney. Just off 17 ave, a little out of downtown. Thinking about going the oil company route and furnishing it. Does anyone know much about this route and any options I can take? Thank you! Matt

QUOTE (JoefromTO @ Sep 10 2009, 08:30 PM) sorry but I didn`t understand what you meant. Are you suggesting locking in or not locking in? Are you suggesting paying down debt faster..? With my calculations IF I took a 4.19% 5 year fixed with no penalty ..... Or if i took a variable prime +.2 for...

QUOTE (mortgageman @ Sep 8 2009, 11:09 PM) Go variable for now but draw a "line in the sand" where you`d be satisfied locking in at a five year rate. If five year rates hit that point, lock it in. In the meantime, enjoy the improved cash flow. What does everyone think of a 1 year fixed rate of...

QUOTE (Millions @ Sep 7 2009, 09:45 PM) Where Can i find the forecast? Is he saying it is still smart to take a variable in todays market? I read something he wrote in march about variables most likely being save for the next 6-12 months but 6 months have gone by since he said that. 2.55% is...

QUOTE (tonypeters @ Sep 7 2009, 08:35 PM) Mathew, have you checked out Peter Kinch and his forecasts? If not, you should, as he provides great insight as to where things are today, and where they are likely heading. I have personally elected to utilize variable rate mortgages since I began...

Hey everyone, I need to decide between a fixed rate and variable. I have been doing a vendor finance and switching now to ScotiaBank. Basically the value would be for 475K. They offer a 5 year closed fixed rate at 4.29%. Or they also offer a closed 5 year variable at 2.45%, and a 5...

QUOTE (Savard @ Aug 26 2009, 02:02 PM) Summary - trend is your friend. Take the time to look at the provided link. You will realize there is a great deal of information which took many hours to assemble. And than ask a more direct question. I dont have access to that part of the rein site...

QUOTE (thomasbeyer2000 @ Aug 25 2009, 08:15 PM) some thoughts on Calgary 50 Year house price view here: http://myreinspace.com/rein_members_only/Members-Only_Discussion/81-6621-50_Year_Calgary_House_Price_View.html Unfortunately, I do not have access to that at this time. Could you give me...

Hey I have a suited house in cambrian heights. Just wondering what the predictions for appreciation are in the next 5 years. Obviously it went down 10% during this recessions so now I`m trying to determine my holding strategy for the future. Thanks!

QUOTE (JulieHoffman @ Jun 2 2009, 03:00 PM) Hey Matt. Julie Hoffman here. If the person assuming the mortgage will qualify and take over your personal guarantee, there is less risk. We assumed a mortgage a couple of years ago and it was a CMHC mortgage. The seller was nervous and the bank...

QUOTE (RedlineBrett @ Jun 2 2009, 09:05 AM) Well I would want to make sure the guy can qualify for it. Or if it is a non-qual and that is what the buyer needs I would still want to see his account history for the last 3 months in addition to some pay stubs and a letter of employment. This...

QUOTE (RedlineBrett @ Jun 1 2009, 11:40 AM) It will be years before you will see a rental increase of $400 or more to offset your negative cash flow. I am very bearish on any condos in the beltline area for the foreseable future. You want to be in suited properties or townhouses so dump this...

QUOTE (Dan_Eisenhauer @ May 31 2009, 07:40 AM) You could sell your house now, with the RTO contract in place, to another investor. They produce good cash flow. You mean scrap this assumable deal and try to rent to own it to someone else? IS it easy to do these days? Matt

HEy everyone, I bought a condo in killarney about 2 years ago for 258K. i started renting it out last year. its currently rented at what i think is the highest i can get, and its still negative cash flow $400 a month which it has always been. currently there are 2 selling for 235 and...

QUOTE (Dan_Eisenhauer @ May 27 2009, 09:18 AM) RTO is Rent To Own. There are numerous posts here on the subject.It is an Agreement FOR Sale, not OF Sale. You sign an Agreement OF Sale when buying through a Realtor, as an example. An AFS is an agreement between you and the Buyer where he pays...

What is a RTO. Would an agreement of sale still allow for the assumable or how does it work? Well basically, he seems like a good buyer. he owns a few investment properties which is why he doesnt think he would qualify. and if he got his own mortgage, he could probobly get a better deal on...

QUOTE (thomasbeyer2000 @ May 26 2009, 09:19 AM) Two options: a) You can let him buy it / assume it .. but you may be called upon the personal guarantee IF they (or any sub-sequent buyer) default .. or b) you can ask CMHC to discharge you from the guarantee and then they would qualify this...

Hey, I recently found someone who has offered to assume a condo I own in Calgary that is insured by CMHC. I bought it in march 2007. IT would be an assume without qualify. Up until now, the story was that i would be liable for 1 year. Now I am hearing that I can be liable for the entire term...

QUOTE (invst4profit @ Feb 5 2009, 12:55 PM) I do not know about city assessments out your way but around here they do not accuratly reflect market value of a home. Are you aware of the present comps in your market area. Hey, Well I have checked around and not much seems to make it over 240K...

QUOTE (thomasbeyer2000 @ Feb 5 2009, 10:02 AM) Matt: where is it ? how big ? brand new ? old ? what is happening in the immediate area ? woodframe ? concrete ? How long can you afford a negative $400/month ? That is $5000/year ! $25,000 in 5 years .. will it be worth $280,000 in 5 years .. and...