Hi Warren, The 1% rule where gross monthly rents equates to 1% of the purchase price are very rare especially in better neighbourhoods where you would actually want your rental. Most investors with the lower rates look in a 8 - 10% of yearly gross income range. That being said you...

Hi Mcfire I share your pain. I wish I had moved on from them earlier. I have Jeff from cornerstone managing my properties now. Depending on your location there are some smaller companies providing some pretty good service as well. Regards,

Hi Joe, Where are you located? I might be able to help you out or can refer you to someone who can. Regards,

Hi Peter I have helped a couple of investors in this scenario before drop me an email and we can set up a time to talk. [email protected] Regards,

Very good examples thank you for sharing. This is why more and more people will choose you and your company to work with for RTO Regards,

What is the price you are paying? What are the rents? What are your expected outcomes. I work with many investors who invest in and around those areas. If you want to shoot me your deal offline if you want some help analyzing it. Regards,

Hi Scott, As Adam has indicated it is a property by property basis. The last one we bought I think we got a great deal on but I haven't bought another in 10 months. It just depends on the scenario and your plans for the property. Regards,

Hi Scott, You are buying the property as is where is. The seller makes no warranty or representation to anything. You don't know what the former property was so a good inspection is necessary. In one case I was purchasing a 4 unit property with 2 tenants and 1 of the tenants died before...

Hi Jane, Give Stephen Scott from Dovetail Homes a call. He has done work for me and a number of REIN members. 416-450-7574 Regards,

Thanks for the replies everyone.

Hi Gary, Kevin Boughen is in that neighbourhood and he is an excellent mortgage broker. [email protected] Is your friend also in need of a great realtor?

Congratulations There are 3 property managers you should speak with. Jeff Varcoe from Cornerstone Select Property Cornerstone Select Properties Inc. E: [email protected] Phn. 1-866-526-1771 x.711 www.CornerstoneSelect.ca Mike Krastev from OneCallPM One Call PM...

I believe you have to be a REIN member and not just a forum member

Welcome to REIN I look forward to meeting you when you can make the trek over.

Gary and Sherilynn are right on the money. The only thing I would add is figure out the return you are looking for and work back from that. This can be a constantly moving number. Regards,

I am just looking for some feedback on these mortgages. If you have experience with them I would love to hear it good or bad. I was leaning towards National Bank as it allows for multiple accounts. Thanks,

There was a comment in the previous posts about private non arms length transaction. Would it help to have the property listed on MLS and the transaction completed by a realtor? Regards,

If the PSA is older than 3 months no proof of deposit would be needed. As the deposit would have been somewhere for 3 months. Regards,

up to a Duplex you can put 5% down and on a 3 - 4 unit you can put 10% down. Rents can be used to help qualify assuming the suites are legal. As for Capping out on mortgages from certain areas I would definitely speak with a mortgage broker who works with investors. I would give Kevin...

I concur with Thomas