
10 January 2022 | 9 replies
There are sometimes exceptions (eg major reno), but there is a process you have to go through.For things like reroofing, unless you are literally rebuilding the roof, the unit can be occupied while the new roofing material is put on.A quick google search showed this for Ontario "Landlords who evict tenants for repairs or renovations must allow the tenants an opportunity to move back in at the same rent before offering the unit to others, according to the proposed changes"Your best bet would be to not renew their lease (this is not the same as an eviction-an eviction is the result of the tenant not following the terms of the lease) when it comes up for renewal.

10 January 2022 | 3 replies
They aren’t going to even come close to following what you just proposed.

12 January 2022 | 5 replies
I’d like some time to think over whatever proposed renewal terms are presented, this building changed ownership in early 2021 for the worse, so want to take everything into consideration here regarding a renewal.

30 January 2022 | 2 replies
I'm involved in a unique situation in which a client wants to essentially sell his home and still live in it.He took out a loan which has too high of interest rates currently and he hasn't payed the mortgage in a year.His credit is bad so no subject to.The home is lovely and worth $500k.His neighbor attempted a short sale deal as he owes $330k on top of not paying in a year.The owner's lender won't take less than $500k.My idea to help the client avoid bankruptcy and foreclosure is to propose the neighbor and friend buy the home at market value.This would allow the client to pay his friend and neighbor rent at a lower rate than what he's currently being charged at north of 10 percent.What's the lowest rate anyone has heard for private money lending?

5 February 2022 | 12 replies
What kind of creative solutions could I propose.

2 February 2022 | 13 replies
It would really help to know the exact town so we can read the proposed rules in the minutes.Seeing as you have a current county license, I am not sure it will have any bearing on what the village/town does.

31 January 2022 | 2 replies
All of these numbers can obviously be adjusted based on which proposed lease you ultimately want your tenants to sign

2 February 2022 | 1 reply
I would grab a $3K proposal fast.

2 February 2022 | 7 replies
How did you propose the deal to the local commercial bank willing to give you 85% LTV?

4 February 2022 | 5 replies
@Adam David GraningThere are a lot of different guideline variances on these depending on the lender they go to and they've gotten much better than they were just a few years ago, but for the most part, you can get 75% cash out with rates in the 4's and low 5's on a 30 year fixed with no income verification.These loans carry a prepayment penalty, require all properties be appraised, require each property in the proposed portfolio to have a value of at least 75K and require the property to be stabilized (no renovation and leased).