Hi,
My wife and I are moving to Nova Scotia and we are renting out our townhouse.
My current mortgage is a 25 year amortization at Prime minus 0.75% making 26 payments annually.
The mortgage matures in Nov 2013.
Looking at the option/pros/cons of changing my payments to 24 annually...
I met recently with a REIN member to discuss options on renting out my current principal residence.
Based on the numbers anyway you shape it the property would not cash flow and would not fit the REIN model. As of right now it would probably be -$200/month!
He stated if he was in my...
I am looking at moving and renting out my current property.
Currently we have a 25 year amortization, variable rate of prime minus 0.75%, and are making 26 payments annually.
Once the property becomes a rental property are there there any draw backs (are we even able to) change our...
I will be attending ACRE this weekend and one thing I would really like to focus on would be to identify/
find a property management group for my current place when we potentially move.
Currently our mortgage+condo fees+property tax = $1522/month.
There are 2 other units in my complex...
I am new to REIN.
I have read Real Estate Investing in Canada and in the process of reading two more of Don's books.
I attended the last REIN monthly meeting in Calgary and will be attending the ACRE Live in Calgary next month.
Getting started in this I am looking to gather as much...