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Recent content by Dave Martin

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    property and Life Insurance questions...

    i was afraid that might have been the case, but was hoping for the best. thanks again guys.
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    property and Life Insurance questions...

    thanks everyone! all of this reminded me that i have an employer paid policy, which is expandable to some degree. i'll be contacting them to find out now. the next obstacle is trying to figure out where that property insurance quote of $1200 came from!
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    Think twice before investing in the Okanagan

    just being a smart-ass guys. lighten up. you said it cory, it's a matter of what you want or expect out of your investment. i'd even take that further into including what your method of investing happens to be, and where you're at with your personal portfolio. what made you leave the prairies...
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    Think twice before investing in the Okanagan

    yeah maybe. i just can't fundamentally imagine why anyone would want to live in alberta or sask. for the person earning $200k/yr in oil dollars, or the person selling a $2mil property in vancouver, kelowna probably doesn't look too bad. but then there's a lot more to the okanagan that just...
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    Think twice before investing in the Okanagan

    pretty sure the kelowna airport flies direct to ft. mac. i also see that hwy 97 is getting at least a couple more lanes added to it, heading to and from the airport. if alberta starts doing well, kelowna will do well. it's just as easy to fly to ft. mac from kelowna, as it is from calgary or...
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    property and Life Insurance questions...

    thank you thomas!!! a great start.
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    sell or Hold

    i'd be looking closely at the properties themselves, then having a talk with the property management. if the monthly expenses can be explained by the age and condition of the structures alone, the revenue should stabilize once everything is brought up to snuff. but if factors like the...
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    property and Life Insurance questions...

    thanks for your comment tina. are you referring to the private life insurance option, over the bank loan protector insurance? could we keep the discussion here on the board, for the benefit of the community?
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    property and Life Insurance questions...

    i recently did a little reading on the topic of load protector insurance. most articles i read suggested opting out of loan protector insurance, and getting private life insurance instead. does this sound correct? any advice on what to get for coverage when shopping? as for property insurance...
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    How do you do it? Move on to your 2nd property?

    thanks again guys! this is slowly coming into focus. yesterday, the wife and i met with an acquaintance i made years ago while snowmobiling- kinda forgot that he happened to be a realtor, but as it turns out, he also owns the agency office that he works out of, is a mortgage broker, and has be...
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    How do you do it? Move on to your 2nd property?

    thanks for all the replies everyone. great things to consider. however, i think the discussion is missing the point of the original topic. i think it's safe to assume that we all know that if the potential returns on an investment are greater than the cost of the debt on that investment, we can...
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    How do you do it? Move on to your 2nd property?

    the 20% downpayment is still a requirement though, right? i couldn't just increase my current mortgage to cover 100% of the purchase price of another house, right?
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    How do you do it? Move on to your 2nd property?

    just to be clear, are you talking about a fix and flip type investment here? kinda sounds like it, unless i'm missing something.
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    How do you do it? Move on to your 2nd property?

    yeah, caught it the first time. it's the one sentence missing from the book. if by "others" you're insinuating borrowing against current equity, that's possible, but a lot of debt to service. if you're talking about jv, as a newbie here i'll be the first to admit that a jv gives me an uneasy...
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    How do you do it? Move on to your 2nd property?

    THANK YOU FOR ASKING THIS QUESTION!! no, the book does not answer this one. i've had the same question on my mind, also wondering how people are acquiring all of these investments within the first 1-3 years. where do the down payments come from?? i guess we now know. not sure how i'm going to...
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