Sandy Uhlmann
Assignment of Rent
23 February 2016 | 3 replies
The assignment language needs to be in the mortgage or DOT that is executed with the borrower on the subordinate loan.
Kory Clark
Scaling Real Estate Business
26 November 2018 | 6 replies
Read 4 obsessions of an extraordinary executive.
Yashira Zavala
How could we organize a deal for this situation? Lease to buy?
3 March 2016 | 5 replies
You could lease-option or seller-finance the new house to take the headache away from the current owner today, then execute the option when both of those timelines are satisfied.I personally would be reluctant to do a Sub2 or to break an owner occupancy clause.
Jonathan Bonck
Warp around seller finance Due on Sale
27 February 2016 | 1 reply
If I proved a wrap around mortgage to the sellers and the bank executes the due on sale clause.
Lydia S.
Brother and sister on Deed
2 March 2016 | 14 replies
There are any number of ways by which a person could execute this transfer; and each of those ways come with their own tax and legal liability concerns.
Mike Smith
Thoughts on short term rental near hospital
8 March 2016 | 11 replies
Or are you more comfortable in the executive segment?
Edison Reis
Mortgage Insurance ... Advisable or not?
7 March 2016 | 15 replies
@Edison Reis@Thomas Franklin provided you an overview of the concept, but mortgages and mortgage insurance are executed a little differently in Canada and several of his points are not applicable north of the 49th.In Canada, you can insure pretty much any residential mortgage (and a few commercial mortgages), however, similar to in the U.S.A. example provided by Thomas, mortgages must be insured when they are greater than 80% LTV (high-ratio).
Stephanie Z.
College SFH rental with my child as one of the tenants
26 September 2017 | 9 replies
Or could I just set the rent at 1350/mo, put ALL four girls on it (including my daughter) and have and additional legally binding roommate agreement (or similar) executed at the same time as the lease that specified 450/mo for each of the OTHER three girls, and 1/4 utilities for each of the 4 girls . . . etc?
Daniel Sparre
New to BP from Burlington Ontario.
9 March 2016 | 10 replies
I'm currently invested in executive rentals in Burlington and have previously owned multi-family in Hamilton which I have since sold.
Kyle Davis
Justifying Seller Financing with higher purchase price
8 March 2016 | 18 replies
Have a couple of executable exit strategies for the "just in case scenario" and the risk is still acceptable to you.