I have just sent an e-mail to the referral forum monitor to put some wonderful renovation fellows to the list. We have been trying to get some renovations done in our Hamilton 4-plex (rebuilding a tricky bathtub area, minor carpentry repairs in the unit and outside). Many contractors visited...

I have just sent an e-mail to the referral forum monitor asking for an entry of some wonderful renovation fellows in the Hamilton area. We had been trying to get some renovations done in our Hamilton 4-plex (rebuilding a tricky bathtub area, minor carpentry repairs in the unit and outside)...

We don`t encourage lease options in a second suite or duplex situation. The tenant may come to depend on the second suite for income toward their own rent + rent premium. And if that secondary suite tenant moves out ...

QUOTE (fujibob @ Oct 18 2007, 02:19 PM) I have had some success with a small, inexpensive company called Apartments of London. They are looking after a townhouse there for me. Contact is Olivia at phone (519) 709-7368 or e-mail: [email protected] "Lease to Own" Bob Whatever you do, do...

Feel free to search or browse through my lease to own blog at http://lease2ownbob.blogspot.com/ There is a keyword search or you can search by labels (financing, tenants, FAQs, etc.). Looks like we may be offering a one day course in the fall in three Ontario locations: London, Mississauga...

Insurance is not that scary - unless you are looking at a student rental or rooming house Or, more generally, 4-5 unrelated persons under the same roof. That`s when it can get expensive. And your regular insurer may not even want to touch that one. So keep that in mind when looking at the...

QUOTE (CanadianMortgageTeam @ Jun 10 2008, 03:34 PM) Rooming houses are tough to finance. Weather its owner occupied or not, you (and any subsequent buyers) will most likely be looking at alternative lenders with posted plus rates and a lending fee. In addition, you`ll likely need a fairly hefty...

My working assumption is that the appreciation in a commercial property is tied directly to the revenue and income it generates, moreso that supply/demand market factors that influence residential properties.

QUOTE (JDRInvestments @ Jun 4 2008, 09:02 AM) thanks for your input Bob. I saw your blog that you invite many interested parties to look at and also noticed your seminar. Should one take that seminar, do you offer your spreadsheet software as part of the package so we can analyze the properties...

QUOTE (GarthChapman @ Jun 4 2008, 01:38 AM) Joey, can you provide us with a sample report that we can use to develop what you are looking for? We are always happy to improve REMA for us all by adding in elements of REIN members` materials that they are willing to share with the community. That...

For more insights on U.S. investing and financing, send an e-mail to Matt Scherb at [email protected] I saw Matt do a presentation on the subject yesterday. He is located in Ontario but has some interesting projects going on in the U.S.

I would expect that a good property manager who believes that they are going to get some new/additional business would be willing to share with you some inside knowledge of your target area. Arrange to meet them face to face if you can; don`t depend on a phone call being returned or e-mail...

My lawyer is terrific. He is a real estate investor. And he has fantastic people on his staff. His name is Bob Rose and he is in Oakville - admittedly not Toronto, but worth the drive! We have done over a dozen real estate deals with him. For contact details, check the LINKS section on the...

Abundance thinking is always better than scarcity thinking. Can you imagine the chaos if REIN members thought of themselves as `in competition` with each other?? There really is plenty for everyone!

Don`t forget to also search on surrounding communties (eg. Brantford, Guelph, K/W/C, London...) as these will have easy access for people working in the Woodstock area. Woodstock itself may fast run out of rental stock, but there is money to be made in nearby communities.

Two suggestions 1. Check out the recommended professionals in myREINspace. 2. Feel free to contact anyone on my team - they are all wonderful and I have listed their contact info on the right side of my `lease to own` blog in the "Links" section. http://lease2ownbob.blogspot.com/

In addition to the zoning issue, another student rental consideration is insurance. Some insurance companies refuse to provide insurance on student rental properties and others will provide it but at a price much steeper than single family. You need to look in to this up front as it will have...

Interesting idea. What proof of REIN membership would we have to show for the discount?

Thanks to the suggestions. I booked Ollie Hiemstra and all went very well. Inspection was done quickly and thoroughly, report received electronically, easy payment through the web. In addition, the house passed inspection quite easily and so we are moving on with the purchase.

You are right to be wary on this one. Make sure that she has sufficient up front deposit and the ability to pay rent above normal market. Friends and family lead to more difficulties as it is hard to treat them as objectively as a stranger. You may want to have her financials checked out by...