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  1. grhutchings

    Fight Aids, Save Taxes

    I have been using this exact strategy now for the last 2 years and do recommend it to people who understand that yes they may get audited. CRA will send you letters (Of course they will harrass you for just about anything). COIP is one of the few strong Tax Shelters out there. I am yet to be...
  2. grhutchings

    Get To Know Honduras

    Honduras is fast becoming one of the best options for international property ownership. Renowned for its natural beauty, rainforests, historical treasure, stunning beaches, warm people and attractive lifestyle, Honduras is bound to be the world’s next “hot destination.” You can be a part of it...
  3. grhutchings

    Turn your 15% Investment into a 60% return!

    I have a Legal Triplex in Barrie under contract. Purchase Price $256,000 Comparables (Solds) $265,000 - $300,000 Fully Tenanted. Below Market rents. I have secured an 85% VTB at 6% and need a money partner. Someone who can come up with the 15% down. $35, 840. Property will close end...
  4. grhutchings

    New precedent in Ontario

    Bob, Thanks for this post. You never know when you may run into crazy problems. It was great for you to provide your story and helpful tips for investors who are interested in utilizing the Rent to Own strategy. Good luck recouping some of that money. All the best! George Hutchings...
  5. grhutchings

    New finance program

    QUOTE (fujibob @ Oct 20 2007, 09:07 AM) Speak to REIN member, Guy Lew at the contact info below. Guy has been getting approvals on these mortgages in Ontario for the past few weeks. Target properties are 1-4 units. CMHC allows 80% of your portfolio rental income instead of the usual 50% so Guy...
  6. grhutchings

    New finance program

    QUOTE (DonCampbell @ Oct 18 2007, 09:22 PM) Hi, Since the announcement by CMHC there has not been any banks ready to get behind the product. YET! We`ll be watching and may even have some news at this weekend`s quickstart if a bank announces it. That`s the `rub` about product announcements. The...
  7. grhutchings

    New finance program

    QUOTE (DonCampbell @ Oct 18 2007, 09:22 PM) Hi, Since the announcement by CMHC there has not been any banks ready to get behind the product. YET! We'll be watching and may even have some news at this weekend's quickstart if a bank announces it. That's the 'rub' about product...
  8. grhutchings

    Tax Deductible

    QUOTE (crispino @ Oct 19 2007, 01:58 PM) This is a very helpful site..I would recommend that landlords take a look at this site. Thanks Don. I agree. This is a great site. Thanks for providing this link Don. George Hutchings www.sellmeyourhomefast.com Hutchings Investments
  9. grhutchings

    New finance program

    QUOTE (MikeMcCrae @ Oct 17 2007, 01:18 PM) CMHC`s new 100% rental finance product is now out. Up to 100% finance for rentals and up to 95% refinance for rentals. The product is expensive but it is buried into the mortgage. Talk to your brokers for more details. Hey Mike, Any idea what kind of...
  10. grhutchings

    Welcome Basket - Success Story

    Galib, What a great post. People will always remember you for those little things that you do. Way to set a fantastic example. We need to look at tenants as our customers and do everything that we can to build strong relationships, as without them, we really would have nothing in this...
  11. grhutchings

    Oshawa Student Rental By-Law Meeting

    QUOTE (housingrental @ Oct 17 2007, 11:55 AM) Thanks for the post - an interesting article for sure I would also like to thank you for the posts. A very interesting read. George Hutchings www.sellmeyourhomefast.com Hutchings Investments
  12. grhutchings

    My first real estate purchase - now a sale!

    Congrats Kim, Its always so amazing to read other peoples success story and I guess the biggest congrats would have to go to you taking the first steps and using that first little bit of money to invest in RE as opposed to doing what others may have done and run right to the shopping malls..LOL...
  13. grhutchings

    50% Downpayment?

    QUOTE (markl @ Oct 16 2007, 07:13 PM) I agree no sense waiting till you have 50% to put down. If these properties cashflow and you don`t need the positive cashflow you can always use that to pay down your mortgage as well as the amount you were going to save towards your 50% down. The problem...
  14. grhutchings

    A bad experience with American RE seminar

    QUOTE (ScottWright @ Oct 8 2007, 11:30 PM) I attended the introductory weekend course for Russ Whitney in Ottawa a couple of years ago, before joining REIN. I had a few years` experience in REI before attending, and to be as fair as possible to Whitney, there was some content in that course that...
  15. grhutchings

    Looking for Resource for Credit Checks

    QUOTE (mikecunning @ Oct 15 2007, 04:31 PM) I use Tenant Verification www.tenantverification.com Marv Steier is the principal; he has spoken at several REIN events. Sign up is free and the cost to do a check is minimal. Mike, I have never used a service for credit checks for tenants...
  16. grhutchings

    REIN bookshelf

    Boris, Thanks for this list. What a great idea to post this information so others can find out about these valuable resources. I would like to ask though, the book Is your mortgage tax deductible. I have heard good things about it but havent read it yet. Is it a Canadian Reference and where...
  17. grhutchings

    Turning $10 into $5000 with 4 hours work!

    Hey all, I feel its always important to share success stories so I would like to share my most recent. I put an option on a cottage that a RE Salesperson couldnt do anything with for 6 months. The seller was motivated as he just needed to walk away. The option on the property was for 2...
  18. grhutchings

    REIN References

    Hey there, I am in the Barrie area and would be happy to let you know my thoughts on REIN. I am a fairly new member having atteded last months meeting and looking forward to this upcoming meeting. If you are seriously thinking of joining REIN, I would call the office and enquire about our...
  19. grhutchings

    Believe Law of Attraction and Believe Yourself

    Kennie, Thank you for sharing this story. I hope that you will motivate others to take action. Congrats on your new found success and continue to believe in yourselves. George Hutchings www.sellmeyourhomefast.com Hutchings Investments
  20. grhutchings

    Research Resources

    QUOTE (BMironov @ Oct 1 2007, 11:10 AM) Here is the list of local newspapers:Ontario The Record http://news.therecord.com/ (Kitchener, ON) The Hamilton Spectator http://www.thespec.com/ (Hamilton, ON) News Durham Region http://newsdurhamregion.com/ (Durham region, ON) Alberta Edmonton Journal...
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