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Question about Ontario rules - Lease options

mrbren

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Jul 28, 2009
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Hi all,

New to Ontario and REI. Recently moved from the States and am looking to offset student loans by becoming involved in the local REI community. Given my neighborhood in downtown Toronto its current circumstances (not to mention my own!), I believe that starting out with sandwich lease options or lease option assignments are the best ways for me to get my feet wet. Once I have built up a little income/capital I will feel better prepared to go in deeper.

That said, I was wondering what the situation is here with lease assignments by non-brokers. Will I need a MB involved in every transaction? Or is there a number of assignments that you can do per year without a broker? If anyone from the GTA has some experience in this, I would love to get in touch with you.

Is it uncouth to ask if anyone can put me in touch with a good broker or agent?

I look forward to hearing your input, and thanks a lot!
 
Hmmm perhaps a novel could be written on this subject. Why don`t you give me a call and we can discuss the discussions I have had or I can refer you to my lawyer and you can have this discussion with him. The issue is with securities regulations in Ontario and how they are interpreted to what we are doing.

I do assignments of LTO`s so I am versed in this my email address is mark at theversatileinvestor.com

Drop me an email and we can chat
 
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