Mitch makes some very good points. Here is part of the other side of the coin: 1) You have only one roof, one furnace, etc to look after in an MF property. 2) When you have a vacancy in a SF home, you have 100% vacancy... 25% in a 4plex. With an MF property you have created you own Rental...

I see you are a REIN member. There is a very good overview of RTOs in an interview Russ Westcott did with Mark Loeffler. You can find it in the Interview with an Expert Series. I suggest that you listen to it, as I think it will answer many of your questions. If you have questions after...

Thank you everyone. I knew this was a place to get some good input.

Hi All; I just brought a new website online RentToOwnItNow.com and need to begin online marketing of it. Yet, I know next to nothing about online marketing. Can anyone refer me to some good books or websites on the subject? Thanks, Dan

The rules for obtaining financing on rental properties are changing almost as fast as you can change your mind. You really need to speak to an investment mortgage specialist. In and around Vancouver, Rob MacDonald and Peter Kinch are both REIN members who would be able to give you the latest on...

Who is requesting the termination of the lease? In general, if you write out an agreement yourself that addresses the who, what, when, where, and why, then you will be okay. Both parties need to agree to its terms, and sign it. It should say the lease dated August 1, 2008, between X and Y for...

We have a monthly REIN workshop in Coquitlam. The next one will be held on July 9th at the Red Robinson Theatre. The unfortunate part for you is that one has to be a member to attend those meetings. There has been, and you can check with the REIN staff if it is still available, an...

I guess I should have done a search first, because I just posted a link in another post to all the reports from across the country. They can be found here. NB: After posting the above, I looked at some of the city reports. Not all, if any, have been updated, although most provincial reports...

I ranked them in that order mostly for ease of use and the quality of their reports. The CCIM APOD has no report. The CFA has good reports, but, if you have more than one JV partner, with different ownership ratios, you need to run separate numbers for each partner... a pain in your lower...

RPM has been managing my Edmonton properties since March 1st. Although a short time, I am happy with the results to date. They have also taken over the management of a 40+ (I think is the number) single family homes in Grand Prairie, AB. That landlord was really happy with its in house...

Why would you think real estate prices would fluctuate because of a two week event? In a word, "No!"

There are several on the market that I know of. I have used InvestitPro for several years and swear by it. It has numerous functions within the one package, along with a number of different templates all set up and ready for you to use, including: condo conversion or construction, multi-use...

You could sell your house now, with the RTO contract in place, to another investor. They produce good cash flow.

I have only rented two apartments in Vancouver: one had an in house manager, the second is owned by an investor who lived near by. However, the Open House method seems to be standard operating procedure in the Vancouver area. I could always tell when a building across the street from me had a...

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 you an amount each month that gets contributed...

When I first got into the business, it was common for buyers to assume existing financing. But, that was because rates were moving up. When I started the going rate was 9.25% for 5 years. Within a couple years it was up to 12%. With low interest rates, even with a penalty, more sellers are...

Thomas would probably make the same agrument, Margaret, as that is what his companies do. When you own your own properties, you do not have to pay management fees on everything you do. I am not suggesting Thomas does this. But, I have personal knowledge of one company that flipped properties...

What is "tunneling effect"? This is one of those situations that could cause an all out war between neighbours, one that no one will win. You could collect a pile of the dog`s turds and return them to the neighbours stoop so they walk in it unexpectedly one morning. One step might correct...

Hi Moe; In layman`s language... and I certainly fall into that category when it comes to taxes... if you own the properties in your own names, you take the income derived from those properties into your own income, using whatever the form # is to report that income in your own return. As an...

I have seen PV calculators online, and rather than my taking responsibility for a possible error in your answer, I suggest you Google "Lease vs Buying Calculator". Here is one I found: Canada Business PV Calculator Just fill in the data as requested, and the answer appears at the bottom.