If you don't need the cashflow then you could throw it at the loan balance.

A lot of the time, the HML 2nd secured by the high equity primary residence would end up getting paid off in short order with via a HELOC, so there'd have to be points in it upfront for the HML for it to make sense.

Negotiating with the seller was straightforward, leveraging the property's condition to secure a $50,000 purchase price.

This in return has been affecting my ability to secure a recent refinance I attempted with a renowned bank.

While this approach ensures more reliable tenants, it also limits the pool of prospective renters, making it challenging for individuals with less conventional financial profiles to secure housing.Given these challenges, I have decided to exit the Ontario rental market.

Hello,We are being approached to GC/partner on a spec home with whom the client owns the lot and will be securing the construction financing himself in order to do the deal.

Then if at the end of whatever time you have agreed upon, if the tenant still has not left, you can get the Execution to move them out.There are programs out there that may assist the low income tenant with first last and security as well as some moving expenses at a new apartment.

Bifurcating the asset and operation, putting the wealth behind an "iron curtain" and arranging the public facing side of things in a manner where it is a conveyor belt of throw-away entities with little to no value stored themself, IS a viable approach. 

At a bare bones minimum, the letter confirms the start/end dates of the lease, monthly rent, paid-through date, absence of any prepaid rent other than the current month, and security deposit amount.Better, it will include statements there are no unresolved claims or disputes or repair issues with the current landlord, and no verbal or written side agreements.Better yet, it will include a copy of the tenant's lease, and a confirmation the lease is a true and correct copy with no amendments.

Some opt for private lending to avoid this tax and still have investments secured by RE.