A few years ago we were on the hunt for a larger residential property to add to our portfolio. One of our colleagues put us in touch with a Realtor who was supposedly the go-to person in this sphere of real estate investing.
In the last ten years we have bought a lot of real estate, which means that we have dealt with multiple lenders. We’ve learned all sorts of lessons about pretty much every aspect of real estate investing but the one thing we figured we had down pat was the process […]
When I first began to invest in real estate, I found a triplex that had been converted from a single family residence. The individual units were painted with at least six different paint colours. Think fluorescent, cheap and nasty!
In late 2006, when one of my three-bedroom units became available, I received an application from a single mom with two young children. She had terrible credit, questionable references and a history of moving from place to place. She also spun a good tale about how she was working hard […]
Any time you get a bunch of real estate investors in one room you end up hearing their stories. If you have been around for a while and have done more than a few deals then you probably have a story, or several, to share. We are no exception.
The news in Ottawa about Rent to Own is all bad these days. Every media outlet is laying out the details of the pounding that investors are taking in the fiasco with Golden Oaks. Commentary ranges from bad to awful. So what’s going on here? Are all Rent to Own […]
For the past few days the news in Ottawa has been filled with the heart-breaking story of a family that lost $10,000 and was forced to move out in a Rent to Own deal gone terribly wrong. The company behind the deal is allegedly being sued for more than $2.25 […]
We recently presented our Rent to Own program to a group of real estate professionals. During the question period afterwards, one of the Realtors wanted to explore the investor side of our deals. When he learned about the strong returns he exclaimed, “Great returns and it’s secured by real estate […]
What I’m about to discuss is important for everyone. However, this post is addressed to women in particular for one key reason: We tend to be more financially vulnerable. In case you haven’t guessed it yet, I’m talking about your Credit Score, otherwise known as your Beacon score. Let’s look […]
Every week I hear from clients who are in the following situation (or some variation thereof): They have a chunk of money set aside as savings and they’re adding to the pot every month. The problem is that they also have debt and they wonder if they should continue to […]