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  1. EdRenkema

    First time investor in Hamilton

    I would echo the previous comments on SFHs, they are difficult to cash flow in good areas where prices are high. But... that said I built my portfolio with Townhouse condos yes there are condo fees but the properties do make positive cash flow even if purchased with HELOC, hard to believe but...
  2. EdRenkema

    Admin Fee For NSF Cheques On Rental Agreements?

    Here is an option although it is not advisable, I have done it. I write in the lease in big bold letters: There will be a $150 charge for any NSF cheques. That is something very noticeable, I do not follow through on this if they cover the payment in a weeks time. If they read that on the...
  3. EdRenkema

    REIN Speak Almost $2000 ?

    In regards to pricing I think anything is for sale for the right price, meaning people will pay what the market will bear, certainly anyone in real estate investing will understand that one... As far as repackaging, most new cars are made by repackaging the old technology and adding updated...
  4. EdRenkema

    Rolling Along in Hamilton

    Adam & Mark, It is too late to get into Hamilton!!! But... if you want in on the second last available deals I can tie them up for you, call me quickly.
  5. EdRenkema

    Anybody know Scotiabanks current best rate for Residential Rentals?- My broker`s on Vacation

    I have 4 Scotiabank mortgages and 2 of them were fixed. I had them changed to variable prime minus .7 simply by going into the branch and meeting with my Scotia advisor. I simply told her my mortgage broker was offering prime minus .7 and they matched it.
  6. EdRenkema

    What`s the MOST IMPACTFUL ADVICE you`ve ever got?

    Spoken by my realtor with a slight sneer, "Ed if the rumor mill is killing the value of the property use the rumor mill to your advantage" followed up with a direct look that said - don't you get it??? Result: the property in question was purchased and more than doubled in value in 3 yrs :)
  7. EdRenkema

    Seller will work with me but I don`t see the exit...

    I have a tnhs thats listed on Property Guys in Hamilton ON, seller wants to cash out (preferably). Currently rented to 4 individuals for $1500 p/mo roughly, asking $155K, he'll probly take 150, P taxes $1800/yr and condo fees $300. I haven't seen it yet, but apparently has 3 bathrooms and 1 full...
  8. EdRenkema

    Agreement for Sale and FSBO

    Ron LeGrand is one of the best presenters I have seen, he is selling his system and he is very convincing. Like Thomas says this is an advanced strategy. Don't think for a minute it takes no money, you will need to set up your own marketing system and that takes both time & money, approximately...
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