QUOTE (ThomasBeyer @ Nov 27 2010, 01:53 PM) Looks like a decent deal !! Next steps: A) get property under contract with 10% down and 10% VTB .. Subject to financing ... at least 2 weeks ! B) talk to a mortgage broker to see if you can get 80% new financing .. Given your income and...

QUOTE (markl @ Nov 27 2010, 08:38 PM) 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...

QUOTE (RealtorAssist @ Nov 27 2010, 02:16 PM) If you are buying at the right amount, you can refinance the property the next day and take out your down payment. Do you know what the appraised value of the property is? I'm not sure what the appraised value of the property is yet, but the...

Thanks everyone for your comments. It looks like I will hold off for now until I can find extra funds so I can achieve the 20% down requirement. I don`t want the emotions of trying to get that first property to fog reality. If I exhaust all my capital to start and something were to occur I may...

Thank you for your reply. Gross rent is 1450/mth. Tenants pay ALL utilities. Property taxes are $1850 and I would class the neighbourhood as a C to B and the tenant profile as the same. This duplex will be for investment purpose only as I own my own home. The cash flow I mentioned (275/mth) was...

QUOTE (EdRenkema @ Nov 26 2010, 09:54 AM) More details would help such as gross rents, utilities extra or inclusive, P. tax, nieghbourhood-A, B, or C class, what is the current tenant profile, what are the recent sold comps, Is this duplex going to be your residence as well? If so financing...

Hello all. I am looking for advice. I am new to the world or Real Estate investing. I`ve read the books, listened to audio cd`s and have actually done the due diligence and property analyzer form on three properties in my area of St. Thomas, ON. I have narrowed my search to a duplex where...