it is definitely a factor of what you can negotiate and again it depends on when the client can qualify. Work with the client and the mortgage broker to figure out what is needed and work backwards for a successful result for everyone.

The Condo is not in Downtown Hamilton. It is at Barton and Ottawa St which is the North part of the city. Yes the mall has been revitalized in the area and Ottawa street has some restaurants opening up. You are paying $72k for a unit which sold to a home owner would likely sell in the $50...

Hi Clint, You can do better buying a condo Townhouse in Hamilton there are no gaurantees of course but you can get better cash flow today even after property management and you have complete control over your asset. You will get a much better return on this than a rental pooled...

Where is the property? Typically we see 20 - 25% higher rents then on a regular rental. The term will be set typically by your tenant and how long they need to get a mortgage. Have them work with a good mortgage broker so you can determine this. As for appreciation per year you can use...

It just let's me build my empire a couple more properties. I had my serious doubts about the LRT but I do know I can buy property poorly managed and increase rents on improvement and turnover 15-20% I will take those deals any day of the week. Or I can cash flow on a single family the way I...

Same as always. Letter of employment stating salary and how long he has been employed. References from employers and former rental accomodations. A check to verify income - NOA's they probably would still have filed in Canada. Credit check to see that in fact all they need is to re-establish...

Hi DanieLL I do a lot of work with Kevin Boughen [email protected] he has been great in getting me financing on all types of multi and mixed use properties. As Thomas pointed out there are some companies that deal direct I have not done a deal with Peoplestrust or montrose. But...

I second Gary's post. Are they working with a Mortgage Broker to get refinancing? If the Mortgage broker works with a lot of investors they should know which appraisal company to get in there. If it is the bank appraising it straight off I would expect the value to be off by 5 - 10% ...

Kim, What are the tenants expectations around what you need to do? Do they have renters insurance? How much damage was done? What are the estimated repair costs? Once you have all the information the best thing to do is sit down with your tenant and work through a win/win solution...

Hi Oleg, I would be happy to help you invest in Hamilton. Drop me an email if you would like to chat [email protected] Regards, Mark

Oleg, Not so my friend there are quite a few legal multi unit properties in Hamilton that can be found for a good price in a good neighbourhood. You just have to know where to look and most of all be patient. Regards,

Hey Terry, How old is you friend? Are they wanting shared acc or a 1 BR? Your friend is going to be nicely surprised by the rents on a nice 1 or 2 BR in the Locke St area. One of my clients just closed on a great place on Hunter St that has a nice 1 BR basement apt. Drop me an email...

Hi Jody, What is the presentation for? Tenants? Investors? Teaching? Regards,

Hi Bruce, Withholding tax not withstanding. There is a form you can fill out with the CRA so you do not have to pay it off gross income. What type of properties are you looking at? You might want to look at the commercial route as the norm is 25-30% down and higher rates. Regards,

Check out www.landlord.net I know they manage in that area and that size of property

What area is the triplex in?

I believe there are. When are you coming for a tour?

100% bang on Thomas. I am going to use that line this weekend at the BCall day I will credit you with it though. I get paid my profit on sale of the property a portion at the begiinning the option deposit and I get paid a little more of that equity every month in the form of credits...

I think this is something to be concerned about if they do not close you are liable. You can put in a clause indemnifying yourself upon assignment have your lawyer draw up the clause. But in my opinion unless it sneaks through no seller will accept the clause. I would ensure you screen...

Kelly are you in Alberta if so I recommend touching base with Barry Mcguire he has set up a great document to use. But no matter where you are the lease does not mention the option agreement. Regards,