QUOTE (GORDandJULIE @ Jul 23 2009, 06:35 PM) You don`t mention anything about monthly maintenance fees. Is this property a freehold? Gord Freehold ....yes it is

QUOTE (RobMacdonald @ Jul 23 2009, 09:15 AM) You may want to try another lender. I`m not sure if you have a rate held for you, but many lenders will not make that a `deal killer`. It depends on the rest of the deal, but if you have other strengths, you should be able to get an exception...

I was raised in BC, lived as a renter in Calgary for 8 yrs...then moved to Halifax, bought a 4 bdrm house on a lake for what it would cost for a bachelor apt in Calgary. Halifax has a steady increase of 4%-16% annually. Because there is no boom happeing here, there is no crash. You know what...

3 bedroom twnhouse Purchase price $175,000 (we refi`ed our current home and used partial of the funds for 5% down on this home) 3 years new with 4 years remaining home warranty rent is $1300 pre month plus they pay utilities Mortgage is $826 per month Taxes $1700 in the mort. Ins is $440 We...

QUOTE (CanadianMortgageTeam @ Jul 22 2009, 09:51 AM) If your taxes have been filed by a certified accountant and you have paid any oustanding taxes - and can verify both, there may be lenders that would look at it. As always, your file would have to qualify within thier guidelines, but assuming...

Hubby and I are purchasing a rental unit.....the agreement is present, pre approval is there. The hiccup is I can`t show an NOA as it is still processing. We have asked for 2 extensions already. The lenders seem to be tightening up. I am self employed, I have shown bank statements and...

QUOTE (thomasbeyer2000 @ Jun 18 2009, 12:09 PM) likely yes .. if impeccably managed !! who will impeccably manage this property ? buy only if you love to do this property management yourself AND are good at it .. or if you know someone will do a good job .. exit in, say 5 years, will require a...

QUOTE (terri @ Jun 18 2009, 10:02 AM) hi wondering if you can supply some more information: how much are taxes? what will the insurance cost? does that utility cost of $2000/yr include hydro, water and gas (if any)? what is vacancy like in the area? does the 1 yr student rental cover all...

2 blocks or 5 minutes walk from University asking price $214,900 Decent condition. Reno`s are not necessary. 20 yr old free hold town house. Needs new roof in 10 yrs. Electric heat Looking to rent out the 5 rooms (to students on a 1 year contract) and have a shared kitchen. Rooms will be...

QUOTE (invst4profit @ Jun 5 2009, 07:25 AM) If utilities are included I would not advise investing it this property. There are plenty of multi units available with separate utilities that would be a better investment. Why pay down the mortgage on a investment property? All that does is tie up...

I am thinking of purchasing a freehold townhouse, brand new with 7 year warrenty...all the bells and whistles in a neighbourhood that is re-establishing itself. Ocean View. (in the halifax area) There are 2 other units reanting for $1400 and $1550. I am purchasing for $260,000 and recieving...