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Hello everyone. I'm interested in lending money out using a self directed RRSP or TFSA account (I'm Canadian). They are called Arms length mortgages in Canada. I was wondering if anyone has done this before and can of...
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Hi All!I have my first commercial property under contract, and we are getting closer to a close date, however things still keep "popping" up last minute on the bank end. More Forms, Environmental Inspections, etc. Rig...
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For those that due PM lending, could you please share length of note if you are splitting net profit instead of rate and/or points? I have a six-month balloon on current loan but realize this might not be adequate ...
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We listed our first SFH for rent about 2 weeks ago. We have had several inquiries, but only 2 showings. The individuals we showed it to did not meet our requirements. They either had low credit scores, inadequate i...
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A real estate agent sold his son's home via short sale to a client/investor taking no commission. Six months later, said client wants to sell the rehabbed property. Question: Can the agent buy it back from the inv...
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Turnover is a killer. What is your average turnover? There are definitely differences depending on the type of property (SFH, Duplex, Tri, Quad, 5+) and regional variances.
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Hello. I currently own a duplex with 3 bedroom units in a small college community (pop. 4100). I currently rent the units for $750 each on a one year lease term. Although I prefer not to rent to students, the area ...
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I have started a “driving for dollars” strategy. I built a spreadsheet to keep track of everything including when I mailed out my first round of letters. How long do I wait to send out a second letter? Thanks in advan...
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Hi all,Thought I'd see if anyone has info/advice on this matter.Made a cash purchase to renovate and flip earlier this year with one of the main goals being able to show that profit this year in order to offset other ...