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I am from Toronto but interested in these cities in NB...any investor realtors out there interested in connecting? Andrew

I've finally decide to move ahead on investing but need a god mortgage broker to structure how we do this. I am currently in a property with a legal basement apt rented out...rented for a few years now so got a taste of the good and bad of renting. Now, I want to start a portfolio but also...

Make sense...I got caught in that until now...reading, reading and never getting in. I've kinda decided it buy and hold probably single family and small multi up to maybe 4-plexes.

Thanks for the tips guys...I do wnat to get that book from Peter too Yeah, I did tell him I wanted to acquire 3 to 4 in the next 5 years. But not if he has done this before. He seems to be in line with respect to setting it up with a re-advancebale LOC and talks about how we cna use that for...

Thanks Michael, I probably will do max 3/4 in 5 years. I did mention my rates at RBC to the broker and he is now looking around to see if he can match it elsewhere. He doesn`t get anything if I go to RBC. For one, he`s checking National Bank now. Lets see what happens. And, you`re right, a lot...

Thanks, My current broker is suggesting Firstline but I was second guessing if that was what peter KInch meant as he had not said if the Principla residence was in the 1st three. Andrew QUOTE (gwasser @ Nov 24 2010, 10:13 PM) Go talk with a mortgage broker = save money and set yourself up...

Hi all, I remeber reading/hearing from Peter Kinch that to save `cap space` you should borrow for your 1st 3 properties from a non-chartered bank. Did he men to include your principla residence as 1 of the 3 or can you do your Principal with a chartered bank and its your next 3 properties(...

Hi All, I,ve done some looking and believe Oshawa is where I can do something with bungalows either as single family or as 2 suites. However, does anyone know how I can find out what is the going rent for single family in either North Oshawa ( Around Rossland) or in the south just below the GM...

QUOTE (andrewi @ Mar 16 2010, 11:50 PM) Thanks Housingrental...I`l start looking and see what I can find....will do some calc too.. Do you have anything in the KWC area you can think of...I thought I saw you were from around there... Andrew

QUOTE (tahani @ Mar 16 2010, 07:24 PM) http http://myreinspace.com/downloads/bonus_member_downloads1/m/interview_with_an_expert_series/default.aspx sorry here it is again. Thanks Tahani..but I am not REIN member and thus do not have access to the links... Andrew

QUOTE (housingrental @ Mar 16 2010, 12:20 PM) I`d go with single family townhouse for cheap. Ideal would be newer but in need of tlc and discounted more than work needed. Touch up, rent. If picking up around $150K or less you should be able to make a go of it, have sufficient reserves if...

QUOTE (benjaminbach @ Mar 15 2010, 07:25 PM) it depends on many variables, mainly your goals and means. Generally, our clients look for a `cash on cash return` - which is a measure of the cash flow against the initial investment (down payment). Our clients typically achieve between a 7 and 20%...

QUOTE (housingrental @ Mar 14 2010, 12:05 PM) Hi Andrew, If all the options your looking at are cash flow negative choose none of them. Which is not to say give up, but keep looking and expand your search. What is a reasonable cash flow to look for? Andrew

QUOTE (housingrental @ Mar 5 2010, 01:45 PM) hi andrewi This will depend on the particular market and property but your correct you might be able to find a higher grm available on suited property (and at tops if you can find townhouse with legal basement apt.) The problem is there`s more risk...

QUOTE (housingrental @ Mar 4 2010, 12:38 PM) Hi Andrew Small cash flow is possible with good purchase and good management in those area`s with a townhouse. Getting setup with a good investment realtor and manager is key. Much cash flow won`t happen with a single sfh purchase in these markets, or...

Thanks all, I stopped reading for a while as I was really busy at work and then went out of town last week. I got scared abit too as I don`t want to lose my hard earned cash.... reading the posts would say that Central hamilton would not be my best pick...too risky for me. What`s next then is...

QUOTE (housingrental @ Feb 20 2010, 12:29 PM) If you only have 10% down I`d suggest a multi-plex in Hamilton or KWC is a TERRIBLE property choice for you for your first investment. You will be putting yourself into a position for potentiall lots of pain and stress. Why not townhouse to start...

Wow...you guys have really enlightened me to a lot of things here...after all the advice I do believe I will stay away from those `cheap` properties. I may just go to townhouses...but when I did the calc originally I was not getting any real cash flow...I`l re-look or maybe a bungalow with a...

Hi Gen1GT, That`s exactly what I told the realtor...if I got a property manager would they not handle the collections..he said even they cannot get some tenants to pay...I am just wondering now if he was trying to keep me away from some of the other properties...not listed by himself... Andrew

Thanks housingrental....I looked at properties in Toronto, Oshawa, hamilton, chatham and now KWC but the most I seem to be able to get as net cash flow is about $200. IS that good and I just wait for appreciation? A triplex or lager multi-family seem to be the only ones to cash flow with a 10%...