QUOTE (RedlineBrett @ Apr 8 2010, 02:25 PM) Not a lawyer, but you may be able to move the other properties into a corp before losing the first one. If you go into foreclosure you could be six months away from an actual judgment which would give you some time to arrange things. Also have a look...

Ed, Just curious. What made you want to sell if you were getting great cash flow on the property?

Thomas. Hard to verify because "East of Yonge" could mean a lot of places. "East of Yonge" generally is the more run down part of the city, but many feel that this is the next up and coming part of the city. I have a 540 square foot condo just West of Yonge, no parking, that I rent out for...

QUOTE (GaryMcGowan @ Feb 13 2010, 01:18 AM) There are very few people here on the forum that invest (speculate) with pre-construction condos. Can you make them cash flow? 9 times out of 10, no. The Toronto condo market is very hard to invest in when you are not spending countless hours...

QUOTE (lakeheadteacher @ Feb 12 2010, 10:18 PM) Sorry about the spelling and grammar and such. I just got off a 24 hour flight and I'm a little behind in the sleep/patience category I'm sure many will disagree with me and tell you there are better ways to make your money work harder...

QUOTE (TheVancouverMarket @ Feb 12 2010, 09:34 PM) What sort of buyer`s agents are you using ?! I hope this has not been your experience. You might want to vet your buyers agents more carefully. If you think about it the financial incentive (or marginal benefit) for a buyer`s agent to do this is...

QUOTE (RedlineBrett @ Feb 11 2010, 05:05 PM) You are absolutely right... but if we end up in a world where sellers choose to list for $500 plus a la carte services this is what agents will have to do. If the industry stops building fair buyer commissions into their listing fees then that`s what...

QUOTE (JohnS @ Feb 11 2010, 03:49 PM) And now, as the devil`s advocate... I would say that there`s still a difference between a geologist/engineer/dentist/lawyer and a realtor. These are officially designated professionals, with years and years of schooling. Realtors don`t require the same...

Jon, While I`d love to answer more of your questions, it`s Monday morning and I only have a few minutes right now. As was previously mentioned your agent and broker are paid by the seller and the bank (respectively). I would highly reccommend getting a lawyer even if you are buying new...

QUOTE (REINteam @ Jan 23 2010, 03:18 PM) As with any property, it is important to do your due diligence on any system you invest in (and really any purchase you make whether that be a car or even an appliance). I can`t say REIN has any particular form for assessing an investment system, but here...

QUOTE (invst4profit @ Jan 23 2010, 03:59 PM) Don`t be surprised if you do not sell for what you believe your property is valued at. The market is fickle and we all tend to overestimate our own properties. You must also keep in mind that if you did sell now for $250,000 you would not likely see...

QUOTE (Karma @ Jan 23 2010, 10:31 AM) I also agree. Just to give a sense of better opportunities- we bought a 2 bedroom + in-law suite for 152 + 8 for renos and we currently rent it for 1200. Your property appreciation would have to be off the charts to make this worthwhile and from what I know...

Interesting. I didn`t know they could break a 1 year lease simply by giving 2 months notice. I wish residential lease agreements were coverned by standard contract law as opposed to RTA rules.

The difference for me is that if they re-sign for another year I know I`ll have them locked in for an additional year, plus I get to keep the start-end date. If they were to go month to month and they decide to move out Dec 31 I may have a harder time finding a tenant for Jan 1. HST and...

QUOTE (investmart @ Jan 21 2010, 09:47 PM) Just some of the ways to buy more/faster: - HELOC - OPM - CMHC insured will allow putting less down, even 5% - Re-Fi thanks to real value appreciation or appraiser under the influence (joking) - VTB - Private Money Being good at what you are doing...

QUOTE (markl @ Jan 21 2010, 08:40 PM) You may have money sitting under your nose to build and enhance your portfolio. Is your current portfolio giving you the greatest opportunity cost? Where is your rental condo? How much is market value today? What is the rent? Depending on where your...

I`m a new investor. Bought a condo to live in in 2008, and in 2009 I bought a bigger condo and kept the first and rented it out. After doing a lot of reading I definately want to build my portfolio. My question is what is the best way to generate the cash to come up with the next investment...

My tenant`s lease is coming to an end (Ontario). They are good tenants and don`t give us any problems. The property flows cash about $250 a month. The mortgage is variable and I expect it to go up in Q3 and Q4 this year. In Ontario, we`d be entitled to raise the rent by about $25 a month...