Hello, I have two other business partners who have 30K each to invest and I only have $10K. I'm pretty much okay with spliting up the equity in the same percentage of our capital investment amount. However, I'm the brain of the group and the investment mortgage will be in my personal name...

Thanks for the responses Adam and Sherilynn. I do realize the repercussions of too much leverage but hearing people's take on it definitely made me thread more safely. @Sherilynn: I assume by $25K+ assessments you meant the strata stuff---yes, thanks for reminding. Almost forgot about that...

Hello, About 3 years ago, I was on this site asking for advice on how to buy my very first condo. Last year, I bought my first one all on my own at age 23 and now I'm so excited to get my 2nd one for investment! I have about $10,000 for a down payment and understand I will need a 20% down...

Hi, The RTO program looks profitable than if you just buy an investment property and rent it out---considering my financial situation: I only have $5,000 saved up for downpayment (so the normal investment property route is not feasible yet---and CMHC does not want to insure me as I`m a casual)...

Hi everyone, I appreciate all your replies. You`re right I`d rather sleep better at night. I will definitely look for a new mortgage broker who understands my goals. If you know any REIN mortgage broker in Vancouver who`s done the 110% rule give me a shout. Thanks again! I feel a lot better...

Hi, I know the REIN book did say that it is unethical to tell the banks you`re going to live in the property you`re buying when you`re actually going to rent it out. This is my first property in Coquitlam if ever but I`m having this ethical dilemma. When I asked my realtor and my mortgage...