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Great comment, this is very smart. Thanks for posting.

Curious, how big was your "discount". You can find this on your mortgage statement.

Some controversy has risen on the penalty blog post: http://www.robertkleinmortgagegroup.com/1/post/2013/10/how-royal-bank-creates-massive-profits-from-mortgage-penalties.html

What would happen if you put money into your TFSA, then purchased shares of your own holding company for realestate.

If you have a portfolio of properties, this program becomes a juggling act between multiple banks in order to fit in their box. I have worked on portfolio's in where I had to structure a deal at TD, then First Line, then Scotia to have everything fit. On top of the interest only mortgage...

QUOTE (2ndstory @ Sep 10 2010, 12:35 PM) 3br and 1 bath purchased for $80 600 25% down prime minus 0.5 variable bank appraised at $113 000 before any renos fixed damp basement, eavestroughing, new chainlink fence, kitchen counter tops, central air about $5000 total approx $1000 per year taxes...

QUOTE (fumbrunner @ Dec 8 2010, 04:11 PM) One thing of note, the "best of the worst" typically will not want to pay their own utilities is a) its electric baseboard heat and b) if the suite has single pane original windows.  I have had success with baseboard heat if the suite appears to retain...

QUOTE (fumbrunner @ Dec 7 2010, 07:50 PM) It certainly is doable as I have done it a number of times.  Do yourself a favour and keep the water bill in your name.  Unlike hydro, outstanding water bills do not follow the tenants.  As for finding " high quality tenants", there are certain areas in...

QUOTE (yellowsugga @ Dec 7 2010, 02:44 PM) Can you please explain why you chose to only include the interest only portion of the mortgage payment in the "after" finacials? Total mortgage payment should be something in the 340$/month range @ 2.5% over 35 years. Just curious. Because there is a...

QUOTE (kir @ Dec 6 2010, 05:13 PM) I haven`t brought anything this ugly. You are brave. 75K seems like the cost of land. Would it be another alternative to demolish the place and start everything from scratch as oppose to renovating. Just curious on the economics of remodelling versus...

QUOTE (housedoc @ Dec 5 2010, 07:29 AM) What a dump! 30 grand including splitting all utilities? Have you included foundation repairs in your estimate? What about windows? They look pretty bad. It doesn`t get cold in Winnipeg does it? It clearly has a commercial storefront on it. Is it zoned...

QUOTE (Berubeland @ Dec 3 2010, 08:19 PM) Lol @ I will be able to attract the best of the worst.... I did the same myself in South Oshawa, we had the best townhouses around, the property went from 25% vacancy to full and waiting list, we put up the rents $100 each. The owner had not renovated...

Here you go: http://realtorassist.ca/vid/lowest-mortgage-payment-canada/ Robert Klein Mortgage Broker, Real Estate Investor, Co-Founder of RealtorAssist.ca A: 2465 Bellevue Avenue West Vancouver, BC, V7V 1E1 C: 778.896.6732 | F:604.648.9701 Email: [email protected] Last Blog Post...

QUOTE (Nicola @ Dec 3 2010, 06:44 PM) Interesting, but some questions: What kinds of things will you do to make it attractive to high quality tenants (for approx $8000/unit)? Will there be three furnaces/boilers? Otherwise, how will you split the cost of gas? Will you have separate metering...

This is what I did with the 16th property I`ve worked on in Winnipeg. Do you see anything else to maximize?3 Parts:1. Financial statement Before2. Financial statement After 3. How I will get all my money back1. Current Financials: (What the current owners are doing and why they wanted to...

This is my triplex in Winnipeg http://mymortgageterminator.ca/17th-proper...h-class-living/ Got it for $75k. Bank would not finance it. Had to buy cash. Currently renovating. It`s commercially zoned, but I have TD agreeing to refinance as residential once fully renovated. Will put in 30k...

QUOTE (zorant @ Nov 29 2010, 11:07 AM) Has anybody purchased a duplex or triplex with only one electrical meter. I just bought a triplex with one electrical meter and I am looking to split the units to run on their own seperate meters, does anybody have an idea of cost to do this? The home is in...

QUOTE (ThomasBeyer @ Nov 28 2010, 09:27 PM) not usually .. don`t banks require you to wait 6+ months ? Hi Thomas, that is true for most banks. Firstline is investor friendly and they understand investors buying undervalue, so all they need is an appraisal to move forward. Rob

QUOTE (ustorm00 @ Nov 28 2010, 08:16 PM) I`m not sure what the appraised value of the property is yet, but the expected purchase price is $159,900. If you can get an appraisal 10% to 20% higher then your purchase cost, you can refinance the next day and get a portion of your equity out. In...

In this video, I’ll explain how to structure a $300,000 mortgage at $600/month with a variable principle kick back mortgage. I use it for my triplex/fourplex`s in Winnipeg. Hard to qualify for if you own 3 properties or less as rental offset is only at 20%. Once your above 3 rentals, it`s...