QUOTE (pluto @ Nov 13 2008, 07:56 AM) I just found this forum yesterday and find the topic very interesting. I`m looking at becoming a landlord in order to bring in some extra income, and hopefully see an appreciation in value down the road but this is secondary to me. The situation I have is...

QUOTE (ShannonMurree @ Nov 14 2008, 04:31 PM) Foreclosure is "buyer beware" and the property is "as is, where is". I don`t know if the property you`re considering is in BC so the laws may be somewhat different than here...maybe not. I can`t speak for your Realtor (whom should be advising you)...

In the summer we looked a property that we wanted for our principal residence. Its a long story but it is now in the courts and in foreclosure. There are some variables with this property that have had us talking about it. Doe we want it? Since it has been relisted, the price has gone down...

QUOTE (AsheGoodman @ Sep 22 2008, 12:33 PM) Hi Dabbler, Just a quick follow up question to your comment. If I own a home (my primary residence), you`re saying I can keep properties under the "personal" umbrella for the first few. After this time when I get more exposure and am required to...

QUOTE (davigeor @ Sep 19 2008, 09:45 AM) Is there a maximum # of single family rental properties that insurance companies allow before they require you to switch from personal (fire/building replacement) policies to a commercial policy? The reason I am asking, is that I am in the process of...

QUOTE (invst4profit @ Sep 19 2008, 01:35 PM) Is there any particular reason why you are on a tight deadline to make a decision on the HELOC.We want to pay off debt that we unfortunately incurred since I stopped working full time to stay home with our kids. We skirted around our debt issue for...

I appreciate your response Greg whether it is what I wish to hear or not. I know we have a lot of learning ahead of us even though we both have purchased other real estate in the past before we were married. The sale of my condo had helped us purchase our first home together. My husband had a...

We are currently accessing our equity in our home. Our mortgage broker has provided us with quotes on 80, 85 and 90% of the total appraised value of our home. During this difficult time in the market,...we are uncertain on what would be the best way to go as we know whatever we do will make a...

QUOTE (Charly @ Jul 10 2008, 06:40 PM) [ Thanks David greatly for your advise. If I could, I would live in Comox in a heartbeat, but I must stay where the jobs are and they are in good old Calgary for me. I have noticed a price change indeed in Comox as I have been looking since March 2008. I...

QUOTE (thomasbeyer2000 @ May 18 2008, 08:07 AM) Some thoughts on this fine long weekend: Don't dabble in real estate: you're either in and treat it as a business .. or don't get in as you may sink ! Don't get a 2nd mortgage especially while you have personal debt and while you are...

QUOTE (thomasbeyer2000 @ May 19 2008, 09:37 PM) difficult .. NOT impossible ! Find a mortgage broker that likes Canadians and knows how to find you a mortgage .. not that hard ! we`re buying on Vancouver Island @ 68/door .. positive cash-flow .. and also Sunshine Coast where we own 100+ units...

QUOTE (kboughen @ Apr 8 2008, 08:00 PM) A secured line of credit at Prime is a definite possibility, it could be used to payoff your debt and for investment. There are several other factors that would need to be considered including your credit history and your Loan To Value. For example, would...

Newcomer to REIN here. Just signing up for the Quick Start. My burning question right now (as I can`t wait to find out from my mortgage broker) is what is the best strategy to access the equity build up in my current home to use for investment? This is unpaid equity. I bought my house almost 3...

QUOTE (billybonks @ Apr 4 2008, 10:34 AM) I have two houses I would like to take equity out on. And looking to JV with a friend what would be the best option? Is ther a way I could save money by buying or investing this money into another house? Thanks, Hi there, In the same boat here...