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Recent content by PaulW

  1. PaulW

    Excellent strategy to use your RE income to the max!

    QUOTE (AndyLuchies @ Feb 12 2010, 12:25 PM) Many investors are familiar with the Smith Maneuver, and I will outline it briefly below, but also, let`s combine that with a few other ideas that result in the best rental property cash flow strategy I`ve ever seen.(For some of you, this will be old...
  2. PaulW

    Which banks use the 1.1 rule?

    QUOTE (RobMacdonald @ Feb 10 2010, 06:32 PM) Yes, in the case above, your portfolio would have no effect on the application. The number of properties you can buy depends on the lender you are dealing with. Each bank has a threshold per customer. Some are more aggressive than others. You may be...
  3. PaulW

    Which banks use the 1.1 rule?

    QUOTE (RobMacdonald @ Feb 10 2010, 03:14 PM) Hi Paul, Every bank uses a different formula and policy when it comes to assessing your portfolio. For example, Scotiabank will take 70% of your gross rental income, then subtract the mortgage payments. The difference is either added to your monthly...
  4. PaulW

    Any REIN e-books courses you would recommend?

    Hello, As a newbie, there appears to be lots of courses or ebooks on REIN`s website and wondering if anyone would recommend any? I have read both of Don`s books so am leaning towards: 1. ACRE Home study $597...can this be done at home? I can`t make the TO WORKSHOP in April 2. JV Secrets $987...
  5. PaulW

    Olympic Effect

    QUOTE (Dan_Eisenhauer @ Feb 9 2010, 01:52 AM) Another question to ask yourself, if you think the Games had, or will have an impact on pricing: Would you invest hundreds of thousand of dollars in a property because of a two week event? The 86 World`s Fair had no appreciable affect on prices, and...
  6. PaulW

    Which banks use the 1.1 rule?

    QUOTE (RobMacdonald @ Feb 8 2010, 07:11 PM) Other banks will allow 70% or 80% offset on your portfolio, which is far more preferable than the 1.1 rule in the given market. Hi Rob...not sure what you mean by above? Thomas Beyer mentioned now to use 1.3 and someone else mentioned you needed...
  7. PaulW

    Anyone heard of I-Finance for accessing LIRAs and RRSPs

    QUOTE (MonteDobson @ Feb 9 2010, 02:11 PM) Hi Paul, We have used this program a couple of times with good success. Sean is right, you are bascially loaning yourself your own RRSP money, at a set interest rate etc, in return for the cash value of your RRSP. Very good program in my opinion for...
  8. PaulW

    Buying Lists of eg Renters

    QUOTE (JohnSoucie @ Feb 9 2010, 11:20 AM) Dan I think you hit the nail on the head here. Basically choose the postal route you want to have mail go to. There will be waste as the likelyhood of a postmans route being entirely apartments/renters is slim to none. But for sure you can target areas...
  9. PaulW

    Anyone heard of I-Finance for accessing LIRAs and RRSPs

    QUOTE (Albertritchot @ Feb 9 2010, 01:27 AM) There is a seminar called Advanced Money Attraction Secrets & RRSP secrets Feb 20-Feb22. I am sure that they have information allowing you to release these types of funds. (403) 215-7500. They are in Calgary here. I am in To so that won`t work...
  10. PaulW

    Anyone heard of I-Finance for accessing LIRAs and RRSPs

    Came across this link and was intrigued if anyone has heard of I-Finance and the ability to unlock RRSPs from previous employers pensions? http://www.ifinance.ca/home/make-more-money/the-process/ Thanks, Paul
  11. PaulW

    My First Book

    QUOTE (PaulW @ Feb 7 2010, 09:18 PM) You could sell ally more books if you could sell as an snook Guess I didn`t spell check that on my Iphone before I sent it. You could sell alot more books if you could sell as an ebook (download from your site)
  12. PaulW

    My First Book

    QUOTE (markl @ Feb 1 2010, 01:32 PM) Hi Vic, While doing a rent-to-own you need to get above market rent to be able to have them save up a big enough down payment to be able to qualify at the end of the day. We use those numbers based on trial and error over the years. Typically these numbers...
  13. PaulW

    My First Book

    QUOTE (markl @ Jan 4 2010, 07:21 PM) Hi Godfried, It is available at Chapters it will not be in the stores for a little bit though you can order it here though http://www.chapters.indigo.ca/books/Invest...ent+to+own%2527 Regards, You could sell ally more books if you could sell as an snook
  14. PaulW

    Is my goal of $200K annual income feasible?

    QUOTE (ThomasBeyer @ Feb 7 2010, 04:30 PM) also: 100K/year based on WHAT of three income streams from real estate ? 1) cash-flow after all expenses 2) 1) plus mortgage paydown 3) 2) plus likely / average appreciation As there are THREE profit centers in real estate one has to count all THREE...
  15. PaulW

    Is my goal of $200K annual income feasible?

    QUOTE (investmart @ Feb 7 2010, 05:24 PM) Are you not sure what the meaning of passive investor is or what FT stands for? can you pls be more specific. cheers. I presume FT stands for full time so yes "passive investor". Cheers
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