This seems too good to be true. Let assume these numbers: Principle mortgage balance = $100,000 HELOC limit = $50,000 (in a fleximortgage or whatever you want to call it) I withdrawn the $50,000 from my HELOC and pay off that amount on my principle residence mortgage, having the following...

QUOTE (fumbrunner @ Jan 26 2010, 10:15 PM) Be careful where you buy in Winnipeg. There are some very poor investment areas that look like a bargain to those outside of Winnipeg. Much of the North End and City Centre are war zones save for a couple of pockets. Also, rent controls are in place...

Will anyone offer any suggestions as to excellent property management companies in Winnipeg? My numbers seem to indicate that it would be a decent place to invest, but living at a distance from my investment makes me nervous. Many thanks. Kevin