Met with my mortgage broker last week and he stated that fixed mortgage rates may be lower than variable rates very soon

Dan, Your above post has highlighted some very important items for me. Rto`s are not as simple as they seem. I definatly have alot to learn

"Second we are managing people not a property" I never looked at it this way.......but it makes sense. I am also learning that wording can play a big part in how people percieve things. Thanks Mark

Thanks everyone. Looks like I have some reading ahead of me

Tommy, KWC is an excellent spot to invest in. I too am a novice investor and last year I contacted a local agent who excells in investment properties. Check out the website www.home-surfer.com. They guided me through the entire process and gave me valuable info and confidence to finally get...

QUOTE (nguyento2468 @ Sep 9 2010, 09:01 AM) The initial security deposit and the monthly security deposit will be refunded to your tenant. They will use them toward their morgage downpayment. These deposits should be clearly specified in the contacts signed between you and your tenant. Tommy...

QUOTE (RebeccaBryan @ Sep 9 2010, 07:21 AM) Read Mark Loeffler`s book, "Investing in Rent-to-own Property".. that will give you all the info you need to make your decisions. Thanks. I will pick it up asap

First off I just registered and this forum seems to be very informative. I am considering purchasing another rental property in Cambridge, ontario but this time I want to advertise it as a rent to own. I understand the basic concept of recieving a down payment and collecting monthly credits...