I exclusively take over existing mortgages from home owners who can't afford their payments and can't afford to sell through a realtor.Someone you may want to look up there in Sarnia is Don Knight at RE/MAX.

Remember @Andrew Noway most HML are making $ hand over fist right now, and have NO IDEA, CF even exists.  

They countered us back to $152k (LP of $154k), and the existing monthly rent is $1400 (could potentially get up to $1600/month), putting this right around, or just below the 1% mark.  

I would love to retain occasional use of the condo so wondering if a fractional ownership makes sense.

Hi all.I figure it's time to introduce myself, having lurked, watched several webinars and taken in 12 hours of BP Podcasts over the past month or so.Anyway, my name is Craig, I live near Manchester, England, and I have absolutely ZERO experience in Real Estate.However, having seen my uncle and his 2 sons do really well in RE, and having nothing in the way of a retirement plan/fund (and being 44), I figure it's time to get off my butt and come up with a plan.Having looked around, RE seems like the way to go but, like a lot of people, pretty much everything I have is tied up my home and , as we only moved to this property 2 years ago, we don't have a massive amount of equity in it yet.Therefore, I need to find out how much of what i am reading/hearing on BP actually applies to UK Real Estate for a start (obviously, things like the MLS don't exist here - at least not to my knowledge) and how I can start doing something in the next 1-2 years.I could go to my cousins for advice, but we've never been a particularly close family and I don't want to just turn up and start asking for handouts (any advice they give could potentially impact their own business, as they buy-to-rent in an area less than 10 miles from me).I would prefer to get in to buy-to-rent (or buy-and-hold as I believe it's called over there), as I have a full-time IT job, that I am not looking to give up any time soon.Also, if any other UK-based members have advice on the best way to deal with the banks, any specific rules/pitfalls over here, whether the auction is the only place to buy smaller, cheap properties that need rehab (every man and his dog seems to go there, though, thanks to programmes like Homes Under the Hammer).Anyway. 

Prop 13 exists in California!

An attorney client relationship does not exist between you and me and if you are in doubt about your legal rights and/or responsibilities, please seek legal counsel. 

@Kevin AllenIf you are talking about a multi-unit property (i.e. a 16-unit apartment) there is no expectation of privacy in the common areas of the property - including the grounds.If the property is a residential property (SFH, townhouse/duplex, etc) and you have not established in the lease that you would be retaining access to a portion of the property (garage, out-building, grounds) or that you would be providing an ongoing service (yard work, snow removal), it is reasonable for the tenant to expect quite enjoyment of the entire premises.  

Yeah,tell him he's a jerk for trying to get you to steal a house from another family using a law that shouldn't exist!

Hey Guys,There's a property in the Oakland that I am interested in, but it has as pretty unusual tenant situation. It's a duplex on record, but the previous owner put in 2 additional non-conforming units (so 4 units t...