There is some talk about some regulation in the industry in Ontario at the very least. Is it just smoke at the moment most likely would it be a good thing if you had to be registered? Who knows if they would have any teeth at all? It would definitely ensure that people who are providing...

We just did a 90% on a triplex in Hamilton the lender was equitable trust and the mortgage broker who helped put the deal together is Kevin Boughen [email protected] Looks like a good deal you just need to get your team moving to complete it. Good Luck

Amen QUOTE (Dan_Eisenhauer @ Nov 26 2010, 11:52 AM) Joseph and Jim make very good points that I want to add to. There have been numerous RTO horror stories here recently. I have one of my own. I have learned two very valuable lessons. The first is to qualify the TB in the same way the bank...

Michael beat me to the punch. If you look at any Real Estate investment over 6 months it will probably not look the best. (Quick turn and flips aside). You have a bunch of up front costs that you need to recoup over the life of the investment. You basically have zero mortgage pay down. Cash...

Ed I am seriously thinking of voting for the liberal candidate in my riding whomever it is just to get Cheri out. I won`t write my true opinion of her on a public website. But suffice to say I will help in a campaign to get her out of office. Regards,

I really didn`t think this was going anywhere. As you are starting to see some purpose built Apartment buildings coming back into the landscape in Ontario again. They wonder why the stock is all more than 25 years old. Anyways I still think I am going to have a sit down with my MPP Cheri and...

The Seller property information sheet in Ontario is optional of all the deals I have done in the last year we have had 1 that had a SPIS. The majority of the properties we are buying are non owner occupied so the seller does in fact probably not know the answers. We also look for under...

Hi Randy, I have a couple of shared duplexes and they are either 50/50 or 60/40 and I base this on the percentage of sq footage of the apartments. Typically I get the tenant to have the bill in their name and get the other tenant to pay them directly. I have been pretty successful with this...

Hi Everyone I am signing copies of my book "Investing in Rent-to-own properties a complete Guide for Canadian RE investors" at the chapters on White Ave this evening at 7 pm. Drop by and say hello I would love to see you there. Regards,

QUOTE (housingrental @ Nov 17 2010, 11:26 AM) In Ontario - I appreciate it is different in Alberta - 2.5% commission to buyer agent seemed to be standard for a long time - Over the last few years I`ve noticed many listings are between 2% and 2.5% being offered - What is everyone`s thoughts on...

Brett has given you some pretty good insights. I actually had a client who I told the commissions were only $2k on a $250k property but I thought it suited her needs and even if we couldn`t negotiate that I didn`t mind as I knew she was going to buy a number of properties so it would work...

I kind of liken this to how do you protect a home owner if prices drop 10 - 15%? The tenant is probably in a better scenario as they only have an option and can walk away if you cannot agree to different terms with them. As for the investor they typically make a higher return if the tenant...

Hi Leslie, Check out Ray's post http://myreinspace.com/rein_members_only/Canadian_Quick_Turn_Real_Estate/108-18696-Ontario_Lawyers_Who_Do_Agreement_For_Sale.html He gives 3 Hamilton area Real Estate Lawyers. I would suggest interviewing them to get the right fit. Where are you located as...

Jules I think this works in smaller centres but in the GTA the price to rent ratio is out of whack. But saying that people invest for different reasons. Condo`s in the GTA make sense for some people and not others. It is hard to determine an exact investing strategy for a person from a 2...

Garth`s advice is right on I know an investor in a similar situation in Ontario did in fact buy out the first and foreclosed on the property and was able to retain some of his investment and control the property If Garth and Thomas are recommending a lawyer that would be my first call tomorrow...

My sister and brother in/law were in the same situation and they got financing through RBC. If not if you have an HSBC account in Canada that is another option to get US financing. Regards,

I second and third Adam`s recommendation George Dube has been my accountant for many years and I live in the Toronto area and think it was the wisest decision I could have made.

Ed I could have put 0.9% but I thought almost 1% was good. Anyhow I would consider this to be pretty good news at 0.9%.

Couldn`t you write in the offer that the seller would be responsible for any tenancy issues arising from the time he has owned the property? I am sure your lawyer will be able to provide you with a clause.

Hamilton New home prices are up almost 1% last month. What is this cash flow and appreciation? http://bit.ly/aziKen I have a new website I am working on for my real estate business it is up but needs some work check it out though www.investinginhamilton.com Regards,