Thanks Sanchez, I appreciate the response. We have worked with our mortgage broker for many years and they are one of the best in Canada. They have a solution for us, but I would prefer to have a little less leverage at this time. We have to this point been able to invest in multiple...

Hello Everyone, I'm in a bit of a bind and would appreciate some creative insight. My wife and I own several properties in Eastern Ontario. We currently live in an up/down duplex downtown Kingston and rent the upper unit to students. We love the location and lifestyle, but we are expecting...

QUOTE (RedlineBrett @ Jul 9 2010, 01:15 PM) Meloche monnex doesn`t do rentals. That`s it, full stop. I had a large portfolio with them as well and when I moved out of my primary and wanted to turn it into a rental they wouldn`t do it. I dangled three properties, two vehicles and a large...

Hello to everyone, My wife and I recently purchased a new primary residence, a beautiful brownstone duplex, downtown Kingston. The property was previously a student rental, but we are renovating and plan to occupy one of the units. The other unit is leased to 3 wonderful post grad students...

QUOTE (alikeighan @ Mar 25 2009, 01:03 PM) Terri, I checked out your photo gallery and am totally impressed. I think I'll use your suggestions on my next reno! Alison Agreed, nice website and nice units!

Has anyone here been to Kingston? Who wouldn`t want to retire there? It`s smaller than a city yet bigger than a town. Traffic is almost never an issue. It`s postcard perfect with many heritage buildings balanced nicely with a cool youth vibe from Queen`s University. There are many excellent...

QUOTE (thomasbeyer2000 @ Oct 17 2008, 11:14 AM) Congratulations on 5 purchases this year ! Well done !!! And also very smart to build up some reserves !! Multi-Unit investing is a big next step .. different business, different numbers, different mortgages, different rules ! (Feel free to call...

QUOTE (jkcomm @ Oct 17 2008, 01:10 PM) Hi Marcus, Sorry about the double post! Nice going for sure... 5 properties in a year! Well, my wife and I were less adventurous but we got two properties in 2008 with the last one done at the 11th hour before the 0 down mortgage deal went away. You were...

QUOTE (jkcomm @ Oct 17 2008, 01:21 PM) Hey Marcus, With the last property, did you have any luck with securing a variable rate mortgage? FirstNational was probably the last institution to entertain 0 down mortgages and the rate that I got was 5.45% 5 year fixed. James Hi James, We signed...

Quick update...we did purchase one more before the October 15th deadline...so five properties this year! We will now take a rest and build up our reserves for a rainy day. Interestingly, all of our activity has attracted a serious JV partner...unsolicited. Thanks to everyone who took the time...

Any information on how much property managers make? I`m sure it can vary widely....but on average?

QUOTE (JohnS @ Sep 26 2008, 05:11 PM) I think the problem here, patbb, is that most of us on here (at least the REIN members) do have experience/knowledge about investing in stocks and mutual funds, and we realize why real estate is generally a better investment. Not only does it have the...

QUOTE (DianneDachyshyn @ Aug 13 2008, 06:40 PM) We`re reading a book by David Bach, and he recommends hiring a financial advisor to help us reach our dreams. He said in order to avoid picking someone who is just another salesperson, pushing his or her pet funds, that we need to ask successful...

QUOTE (donksky @ Aug 11 2008, 01:41 PM) Hi Marcus, Thanks for the educational post - I'm also doing 0-down & got 3 properties already. BUt do you own also a home? If so, don't you incorporate that into your figures....?? If so, how do u incorporate it? thanks! Hi Donna, We do have a...

QUOTE (nepoez @ Aug 9 2008, 02:04 PM) Since this is in ON, rent might not match the rising interest. If this were in Edmonton, do you think the rent increase can keep up to the interest rate? My break even property(and others I will buy) will become negative $250/m at a 6% interest rate so my...

QUOTE (dnaumis @ Aug 9 2008, 08:38 PM) Hi Marcus, Just out of curiosity how do you handle snow removal and grass cutting? If you`re managing the properties yourself is that something you would do or ask the tenants to take care of? Just wondering how this is usually handled if landlord...

QUOTE (thomasbeyer2000 @ Aug 9 2008, 01:24 PM) no, as he self-manages and controls his cost very tightly .. his only cost right now are taxes and mortgage payments .. he should buy more (if the bank will lend him more).. with the caveat that interest rates will likely go up a notch .. so...

QUOTE (GarthChapman @ Aug 6 2008, 07:22 PM) Marcus, I suggest you measure your progress by some key indicators (the should be aggregate total figures for all properties combined): Hi Garth, Thank-you for your time. We have evaluated our properties as a portfolio and have come up with the...

QUOTE (kboughen @ Aug 6 2008, 08:51 PM) Hi Marcus, Congratulations on such a quick start. The fact you have qualified for (4) 100% financed rental properties with 40 year amortizations indicated that you have a strong income to debt ratio and a proven ability to use credit wisely. I...

QUOTE (invst4profit @ Aug 6 2008, 07:04 PM) The rental numbers appear some what low based on the purchase prices. Without knowing the work that has been recently done on these buildings and based on there ages (15-20) my opinion is if you hold long term you are probably looking at a negative...