I am working with one of my clients who has provided a RSP 2nd mortgage on an investors home, we will call him Mr Mortgage 2. This 2nd mortgage was required to help this person get their mortgage. I acted on behalf of the purchaser as their mortgage broker, we will call them Mrs. Home owner...

REIN members, for those of you that use the Rona discount card there is something you should be very aware when seeking the optimum discount. First of all for those of you that know the Rona system you may or may not have noticed that the price on the Rona download discount sheet did not match...

Folks, just a reminder that I have a tenant in Calgary that is renting my garage and they have really good appliances at very low prices. Mike is the one that works as a contractor for Sears and often gets used and sometimes new appliances that are still in very good working condition or never...

I am not in the GP area but would like to hear from all of you on the stability of the marketplace especially around rental vacancies and job loss/growth. Have things become a little unstable since the oil price drop and the announcements of the oil companies postponing or cutting some of the...

Folks, I have a tenant that is renting my garage and is using it to store new and used appliances. He works as a sub-contractor for Sears Canada as an appliance delivery service. As many of the Sears customers are buying new appliances to upgrade to what they have many of the units are in...

Folks, as a mortgage broker I wanted to share this with you so you have a better appreciation of our every changing banking system/rules. Over the past several months we have all been hearing the " Financial Crisis", ( boy am I getting sick of hearing that) and with that how some lenders have...

I would like to hear what everyone thinks about our homeland, especially with lenders and how this will impact them. If changes to our lending practices occurs how will that impact Canada as a whole. What will this do to our economy and will this result in a slowdown in much greater #`s that we...

QUOTE (harias @ Aug 17 2008, 10:36 PM) I`ve been dealing with my bank for the financing of a cople of properties but suddenly I feel I am not getting good deals, plus we don`t talk the same language (e.g. they advise me things that are ok for home owners, not necesarily for real estate...

As an active mortgage broker and also a senior REIN investor I have a lender that offers self employed the opportunity to get investment properties using stated income. There are of course rules and guidelines but if you have reasonably good credit, are self employed, have difficulty proving...

QUOTE (kwither @ Mar 11 2008, 02:27 PM) Looking for advice to setting up my first investor RRSP 2nd mortgage through Olympia Trust. Thanks, Ken Wither Have you downloaded the RSP mortgage info from Olympia`s web site? If not it has all the docs you and your lawyer will need to complete the...

Susana, here is the reader digest version of RRSP 2nd mortgage investing. * Whenever you are looking to use your RSP`s for investing you must find an individual who is arms length to put the funds onto a property in Canada. Arms length means they can`t be related to you. * you find someone...

Don, I have noticed that you aren`t having the " thank you" time for members to get up to the mic and thank people etc anymore. Is this temporary or have you dropped this? I always found it a great opportunity for members to get up and step out of their comfort zone and having the time to...