Following up on Garth`s note. The opportunity cost is more than the negative cash flow. You have $120k sitting in an asset what is this going to make you per year? You could probably go out and in today`s environment get 2 positive cash flow properties in fundamentally solid towns/cities...

Could be different departments are you in collections at the city? They may have looked you up. I would ensure that the other department had your proper contact info. I would also chalk this up to experience and I would inspect the property more often or hire somebody to do so. Regards,

1. You will have to be creative. There are many solutions to this problem but it will be on a case by case basis to see what works. There is no blanket answer. If this is also a big factor why don`t you sell at the appraised value not less than your purchase price? 2. It depends on the...

This is not a tax issue. The question becomes what are you going to use the profit for? What type of return will it get you? Is it higher or lower than doing a rent to own? The other thing is having equity in a home is not a bad thing. You would have gotten 100% of your money out so you are...

There are a number of REIN members buying in the GTA. You probably see more of the other regions as the price per unit is higher in the GTA and the CAP rates are lower so it for the most part drives people to other locales. Regards,

Got it sitting on my book shelf awaiting reading and I am looking forward to it

Just some adjustment in wording. The initial deposited is credited to your client when they exercise their option to buy. I don`t like the word refunded. The main feature of a RTO and why we love it so much is two fold. Cash flow - We get great cash flow. Second we are managing people...

Ricky I have sent you an email

Brian, Please keep in mind that I am not a lawyer and have no idea about Saskatchewan legals but the agreements we use state that they are paying for an option to purchase a property at a certain time based on certain criteria. If they choose to use the option to purchase the property then the...

But of course anytime. We all could have changed it but I believe plugging it on the spot might not have gone so well for us. See you at the next event. Regards,

Brian, Are they just registering their option on the property? This just protects them in the case you try to sell before their term ends. Speak with your lawyer on the wording on the contract but is their intent to retrieve monies in case of default or protect their interest? Initialing is...

Looking forward to seeing you all next weekend

Nicola, You have to judge your market. I for one am increasing the rent in all my units. $10 - $25 per month on every unit when you start owning more than 1 or 2 starts to add up as well your costs are rising so your return is diminishing if you do not increase the rents. For example f you...

Hi Tommy, Shoot me an email I can help out on the realtor front as for property managers most people are using ADP property Management www.adpproperty.net Regards,

Are you looking to Lease option properties yourself and sandwich them to a tenant? Are you looking to buy property and just Lease option or rent to own them to a tenant? What type of agreement are you looking for? What province are you in? We give sample agreements in...

Ahh but Chris and I don`t mean to hijack the thread there is a difference with putting in the person with the highest down payment and putting in the most qualified person. It also depends if you are speaking about tenant first in which you have the tenant locate their ideal property. Or...

I agree with Rob. A lot of the work is done up front with proper qualifying and creating a plan to help them get back on track. The next step is helping them stay on track. This is not a hands off investment you need to be in regular contact with your tenant or your credit repair specialist...

If you want to talk Hamilton shoot me an email [email protected]

also factoring in to my decision on which property to buy would be the mix of the residential units. I also second Terri`s question on where the commercial is located. Is it in a bad area where it may take you longer to rent out the property? Residential even in not so good areas goes...

@Gary I think your thread has been hijacked