Real Estate Investing Question?

How To Own  I currently do not own a home, but am working and saving money for my first income property/home. We're thinking of a duplex, triplex, or possibly a home ...

Is it a good time to buy the property in Bidding war situation?  I am from Scarborough and the pricing has gone up so much in a very short time in some areas... unbelievable.Do you have some suggestions where to look ...

Safe or Not  I've been offered a chance at 25% stake in a building company that has purchased a plot of land and is developing an adult living area with approx. 100 ...

Investment in Windsor Ontario  Good day,

I enjoy real estate investment & return, property in Windsor Ontario is very attractive. What is core advice to invest in Windsor for long ...

How to best set up a portfolio to minimize taxes  I am planning to buy several residential rental properties in Canada over the next few years.

1)What is the best method of arranging my portfolio to ...

How do you get a tenant to give you a $10,000 down payment?  Hi there,

Great website, thanks for all the information.
I keep reading here and there about a $10,000 or so downpayment that you get from your single-...

Will your system work in the states?  I live in Buffalo New York will your news letter information help here?

Creating Cash Flow   I would like to create cash flow every month with multifamily properties. I'm just getting started and would like to start with 4 plexes or more. What ...

How Do I Buy More Property With Little Cash?   Hi, I had just brought one condo in Edmonton. I have just rented out. I brought it with 60k home equity and 140k mortgage. I really wanted to build ...

Is Anyone Else As Dumb As Me?  Okay, I may have messed up with my first try at investing. I recently purchased a bi-level with the intent to put a secondary suite in the basement. My ...

Buying An Investment Property With Less Than 20% Down  I know that the 2010 federal budget has made it mandatory to have 20% down to purchase a (4-unit or less) investment property. It's very clear on the ...

TAXES  I'm looking for information on how taxes are different from primary residence and pro investment property. Like write-off's and such.

Starting My Investment Business In Florida  Hi,

I am from Vancouver, BC and am looking to incorporate or set up a business structure in Florida, US within the next year.

My business will be ...

Questions, Myths, Misconceptions and Fears About Investing in Real Estate  I was talking to my landlord about real estate when he mentioned he was a member of your “Rock Star” group and owned another house and another condo on ...

About REITs  Do you guys have a link on investing in private REITs?? Do you also have a link on which companies investors can invest in in regards to REITs

Can You Use Your RRSP To Invest In Real Estate In Canada and the US?  I already have a home and a rental property and I have RRSP's that are not producing any return. Is there anyway I can use that as collateral or even better ...

Booking Another House From Builder While Renting The Present House  I own a house. Recently I have booked another house with a builder in the growing neighborhood in Milton. I have paid a total of $45000 in 4 installments ...

Average maintenance costs for rental properties  Hello Nick and Tom,

I was wondering what the average yearly maintenance costs are for a 'normal' single-family rental property bought in decent condition....

Now or later is the best time  I am looking for a property as an investment in Montreal and I have some questions:

1) Which is the best location for quick rising in prices?
2) Should ...

competitive biding  With respect to New Brunswick, can 2 offers be considered at the same time? Once an offer is written, can another one be added to the table? If not, why?...

Chicken/Egg  Hi there,

I've read through your ebook and am very interested in your rent-to-own strategy of investing. Here's my question:

We need to sell our ...

Buy and Hold  Hi,

I would like to know more about what the best method of maintaining equity in you investment properties and planning for the future. I guess, I ...

Real Estate Investing for beginners  I live in Winnipeg, Manitoba Canada. Where are you based out of ?

I am intereste in learning more about investing in Real Estate. Do you have any ...

Location  Do you have any experience, personal or otherwise, investing within Montreal,Quebec? I am extremely interested in what you have said in your book, but ...

Quarter Ownership  What do you guys think about purchasing quarter ownership?

Thanks,
Florin

Where or how does one obtain money to invest?  I have often said: "If I had $500,000.00 I could invest in proven companies who buy raw land and develop.I could double the investment in 5 years at a ...

Is it OK to use home equity for a downpayment?  Hi,

I'm wondering if it's OK to use home equity in my primary residence for a 20% downpayment on an investment property? The property I'm looking at ...

Crunching the numbers?  I am trying to get a better understanding of real estate investing and you guys provide tons of great information with a genuine sincerity (hard to find ...

How do I find a decent Real Estate Agent who is not just interested in his commission?  I am ready to invest, and finally got all my courage together. My first struggle is finding a realtor that is aggressive in finding me an investment property ...

Paying Down Your Rental Investment Mortgage  Good day, I am new at investing in real estate. Have one rental so far with good positive cash flow.

In the process of purchasing another.

I ...

Property Management firms  I'm looking to purchase my first investemtn property and wonder what you think of hiring a property management firm.

I know it will reduce my profits ...

RRSP for Real Estate  We are looking to invest in Real Estate but do not have access to any money but do have RRSP money?
How do we use it so that it will not be taxed?
Thanks ...

Making your RRSP Port folio working for you in Real Estate .  My wife and I are in our mid 50's.
She is 3 years from retiring from a teaching career that she loved ( and still does) all her life!
I have been in ...

What % of return will an investor look for.  I am a small time renovator.
I have just come across an attractive property with a house on it that will need to be bulldozed.
Before I do anything I ...

To invest or not to invest?  Dear Real Estate Renegades,

My husband and I bought a condo (745 sq.ft 1 bed + den 2 bath ) in Toronto (Downtown Markham) during the pre-construction ...

Better area = better clients?  HI guys,
Thanks for all the info, I love it.
I currently have 5 rental properties, mostly condos but I am very interested in your system.

1. I am ...

How do I get started when I'm already in debt?  I've been contemplating this too long. I'm now in midlife, and in debt. I could probably re-mortgage my home, but like everyone else, I'd have bills to ...

Getting Started with Investment Property in Canada  So I have have read many books and initially got drawn to real estate after reading "why we wan't you to be rich" by Donald Trump and Robert Kiyosaki.

I ...

Getting started in real estate with out a job or money or credit if I can?  Hi
I am VERY interested in real estate investing but I would like to do a rent-to-own program. I live in Ottawa, ON and I don't have a job or income ...

Where can I get info on 10% down investor mortgages?  I've been looking around and can't find any lending institutions that will lend for income property purchase at high ratio rates of 90%. I've read all ...

Deferal of capital gains tax in Canada  In Canada can you defer capital gains tax by re-investing the capital gain back into more real-estate like they are able to do in the States?

I need more, but don't know how to start.  What the heck, it never hurts to ask.

I am the current owner of a single family investment property in Guelph Ontario.

This house is currently ...

Home real estate investing in Québec?  Hi Tom & Nick,

Read your income for life book and found it very interesting.

What would be your advise for home real estate investing in Québec vs ...

How to start real estate investing?  I have to say I am a fan of the website and your videos on YouTube are great.

I am 18 and I just finished my first year at the University of Prince ...

Canadians Investing in Florida Condos  Hi,

I live in Montreal, Canada and I have 2 questions.

1) Is it worth buying a condo in southeast Florida and renting it out long term during these ...

Real Estate Prices Through The Roof But Population Down  All input, providing an understanding of the following comment, is much welcomed and appreciated.

How in the world do REAL ESTATE values, of most cities ...

Investing Beginner Specifics: Mortgages, Zoning, Lawyers, Accountants  Hey guys, I'm soon-to-be-new to real estate investing (I have some background knowledge in the area and with other investing and the principles and governing ...

Good Leverage or Bad Leverage?  Hi Tom/Nick,

I am looking at purchasing a duplex.

I will be using my a HELOC to cover the downpayment. This will be paid back on a schedule from ...

Canadian Mortgage Qualification  I would like to begin investing in real estate.

I have approximately $60,000 equity in my own home but my only source of income is a disability pension....

"Depreciating" Investment Property for Tax Purposes  Gentlemen,

Your website inspired me last fall to purchase my first investment property.

It's been a great investment, created splendid cash flow ...

Property Aquisition:Personal or Corporate?  When acquiring an investment property for the purposes of 'buy & flip' or 'buy & rent' is it better to purchase the property in your personal name or in ...

Real Estate Investing for Non-Resident Canadians  I am a Canadian citizen who has been living in Portugal for the last 10 years.

I am interested in your real estate investment ideas but wonder if they ...

New Government Rules  How are the new rules the government of canada announced for lending going to impact the strategies you teach? No more 5% down for speculators, it's now ...

In debt and doesn't own a home...  Hi Tom and Nick,

I signed up for your real estate investing class but after reading your e-book I'm wondering does it make sense to even attend because ...

Non-payment of rental income. What action to take?  Dear Tom,

I have a rented income hosue in the Richmond Hill Area, at the end of the leased.

I have not collect the rent for a couple of months, what ...

How do Land Transfer Work With Lease Options?  How does Land Transfer Tax work on a Rent to Own?

Is it paid once (when tenants exercise option to purchase) or twice (when you buy the unit and when ...

Need a home but also want to start real estate investing.  Hello

I am very interested in real estate investing and I have been doing some research on this before going ahead with it.

I want to start investing ...

Canadians doing some U.S. Real Estate Investing  We have recently decided to pool together our resources with some family members to take advantage of the low prices and low interest rates and purchase ...

Request to clarify a certain statement in your Income For Life eBook  On page 34 of the book, the second paragraph mentiones: "...Plus at the time of sale to my tenant, I get my down payment of $11,650 back..."

I DO understand ...

Leverage or Mortgage Free Investment  Hi Tom/Nick,

I have a mortgage free property with a potential income of $1800/mth. My estimated value of the property is approx. 320K if sold. I am ...

Where Do I Get a Student Rental Financed?  I'd like to be able to purchase some student rentals around the McMaster University area.

However, as soon as the banks hear that it's a student rental,...

Cottage Investment Properties  We recently bought a cottage lot and are not sure what to do with it.

If we build a new home on the lot we need to do septic, well etc.

And a new ...

If you had $100,000 .... ?  No, this is not a Barenaked Ladies spinoff (sorry to plant that song in your head now). I have had this question in my head, wondering what would Tom ...

What happens if things go bad?  After reading your book I'm more intrigued than ever. But I'm curious, particularly since a lot of this comes from the U.S., what happens if/when the market ...

Inheritance.  My wife is very likely going to inherit a 12 place apartment building near the university of Edmonton.

Her grand father was a successful man who invested ...

Assigning Real Estate Contracts  Hi,

My question is when assigning contracts, after the buyer and I sign the agreement do me and the seller sign a purchase agreement to?

Variable VS Fixed Rate Mortgage  RBC's 5 year fixed rate mortgage is 4.19%.

Their 5 year closed variable rate mortgage is prime (2.25%) plus 0.0%.

Their 5 year open variable rate ...

Rent to Own downpayments  Hi,

How do I structure a rent-to-own so that the option fee is considered part of the downpayment from the client's bank or mortgage lender's point ...

Are Two Single Family Homes a Better Investment Than a Duplex?  A duplex selling for $365,000.00 with each side rented for $1200.00 a month. Purchased with 5% down with a monthly mortgage payment of $1500.00

Versus....

Raw Land Purchase  Can a person write off the interest on a mortgage for a raw land purchase?

Financing, end if the road??  I have a finite amount to invest and although my personal covenant is good, I don't understand how I can keep building a portfolio when my equity is exhausted....

Investing Question From Vancouver, BC  Hey Guys,

I have to say that your newsletter, website and free book are all great, and definitely ideas that i am really interested in.

The only ...

Sorry To Be Blunt From The GTA  I'm reading the site and as a current landlord I am intersted in expanding my Real estate knowledge.

What I am trying to find is your business model....

Business Cash Flow Teleseminar on Wednesday November 25th, 2009  Hi Tom and Nick,

For those of us,who can't, for different reasons, attend the Wednesday , Nov 25 Teleseminar, will it be recorded and accessable at ...

Top up my RRSP and use that to buy my first property?  Hi,

I'm 26 years old and I currently have about $10,000 in my RRSP through a program where my work more than matches my RRSP contribution(free money)...

Should I pay down principal on an investment property loan?  I have investment condo that is rented and generates positive cash flow after all expenses.

However, the payments on the loan are only covering the ...

Selling Investment Property  I have a condo in Mississauga that I would like to sell before closing.

What is the best and quickest way to sell without putting on the MLS listing?...

Where do I find information on foreclosures?  I have been looking for forclosures, not because I am a vulture, but because I am looking for that great deal.

But I have not been able to find anything,...