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Recent content by countryproperty

  1. countryproperty

    Rent paid direct deposit and semi-monthly?

    Peter I charge my tenant biweekly according to there pay schedule and it is accelerated. As a result the 12th month is free they love it. We started off using posted checks. No he wants to switch to email transfers no fee for me but he says it is more convenient and no bounced checks or...
  2. countryproperty

    Prince Edward Island

    Thomas, Thanks, for the reply my concern for him would be he doesn't really know anything about renting and JV partners that advertising might attract the wrong type of person. I was hoping someone know someone or an Real Estate Investment club I could direct him too Mark
  3. countryproperty

    Prince Edward Island

    I have a friend that has a house and a trailer on one lot that he just started renting out in Charletown. He had to move to halifax for work do doesn't want to sell it just yet but he wants to bring someone else in on the deal to help him. Just wondering if anyone know where I can point him too...
  4. countryproperty

    4 Rentals + One more

    So to get around the 50% rental add in I must own my properties for 2 years, then they will look at my tax return? I started renting my primary residence in 2008 and bought my 4th property in Nov 2009 so I have 2009 and 2010 tax returns that show rental income. Of course the other challenge...
  5. countryproperty

    4 Rentals + One more

    Does anyone know what the lenders would look at if I wanted to buy a primary residence. I have 4 rental properties/8 doors with 4 mortgages (my family is in one of the units). I know I would need 5% down how would they treat the rental income? Can anyone recommend a lender, I'm in NB? Thanks...
  6. countryproperty

    Do I put a suite in my unfinished basement?

    Just wondering what is better renting out a single family home for $1050 or turning it in two a two unit and possibly getting $1400 to $1600. You have the cost of conversion plus the resale could be less or less appealing to most buyers as it is a single family home area. The basement is a...
  7. countryproperty

    Eliminating Consumer Debt

    Since I believe consumer debt can be a huge road block to Real Estate Investing I have decided to start this post with ideas to help people eliminate there consumer debt thus freeing them up invest in Real Estate. Investing in Real Estate is the most fun you can have while achieving...
  8. countryproperty

    Mortgage Rules Changed Again - It`s Official

    If there is little impact from 35 to 30 why not leave it alone. Yes tighten up the refinace rules but please Mr. Flaherty stop putting up road blocks for the average Canadian trying to buy a home.
  9. countryproperty

    Mortgage Rules Changed Again - It`s Official

    Very interesting comments. The big change for investors was last year and it was not so much the 20% down it was the 50% rental add in versus the 80% rental off set change that was totally uncalled for by Jim Flahrety. He obviously had a bad experience as a child. That rule needs to be changed...
  10. countryproperty

    Mortgage Rules to Change Again?

    For most people a large mortgage payment alone is NOT the problem, it is all the consumer debt (credit cards) on top of that. The government is trying to regulate people out of buying a home. When people have a home and pay it off it creates a level of financial security that is hard to beat...
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