QUOTE (housingrental @ Nov 29 2009, 12:06 PM) Hi Terrence You can`t join REIN unless your a Canadian citizen? Are you sure about that? If so try phoning the office and see if you can pay to go to a meeting as a one off? You might also want to try a community college course in your area (or...

I will pass that info along to my friend. The property needs some work, so my friend believes that with some renovations he could increase rents and with so much development going on around it, both he and I believe that property should appreciate quite significantly over the next five to ten...

Thanks for the input Thomas. I cannot speak specifically about the numbers, but it is my understanding that my friend does follow the REIN system to determine CAP rate/cash flow. The numbers were provided by the Realtor (Good point about the figures being inflated by The Realtor). Having said...

Hello, I am writing this post on behalf of a friend seeking advice on his situation. My friend wants to purchase a sixplex (currently zoned as fourplex residential). He and the seller agreed upon a price of $765, 000. Given comparables in the area (eg: triplex next door selling for...

QUOTE (ThomasBeyer @ Nov 8 2009, 06:05 PM) I have been in a similar situation before with a builder. I was the JV partner with money. Initially 60K and 6 months maximum .. then another 40 .. then another 40K .. then another 60K .. we finally were able to re-fi and reduce my cash down...

QUOTE (housingrental @ May 28 2009, 03:51 PM) Windsor - Give Van Allen Insurance in Elmira a shout - Email me if numbers are needed - they`re very investor friendly Actually the name is kind of misleading. I live in Toronto, but want to invest in Barrie. Thanks though.

I`ve read some discussions on this and other boards about the idea of renting your principal residence and owning investment properties. This idea appeals to me, as I currently rent in a major urban city, which is expensive and not very landlord friendly. I have a significant amount of cash...

I`m just wondering why would you even bother carrying insurance on an investment condo to begin with. If the the strata/condo corp already insures your condo for fire, doesn`t it seem logical to tell your tenants that it is up to them to carry content insurance. I would rather pocket that $200...

I don`t see how this could be grounds for eviction, as your case against your tenant is weak at best. So far the only evidence you have is: 1) His verbal statement to you that he has smoked pot in your property in the past, which he could easily deny in front of the LTB - case of he said she...

Hello, I`m new to the property investment world. After several deals falling through, I am now looking at purchasing a Triplex in the GTA. The seller has told me that the triplex is legal and registered with the city as such. How do I go about checking on the status/legality of the property...

Just to add a little more insight into the situation. Personally, I`m not too fond of Realtors and choose not to work with them. Yes, I did find this house thorugh MLS, which I guess without the Sellers Realtor I might never had found it. However, other than opening the door for me to view...

O.k., so here is my situation. I am a young (28) investor looking to buy my first rental property. I have done my research and have found a property I liked, which was listed in the fall. I decided to play the waiting game for several months given our current economic situation and hoped that...