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.
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 […]
When you apply for a mortgage and obtain a commitment, you will be asked to sign a lot of documents. Among them is usually an offer for mortgage insurance. If the lender doesn’t ask about it, the mortgage agent will. It seems perfectly sensible in theory, but does it make […]
It seems that everywhere you look there are reports from experts about the dismal outlook for the housing market in Canada: “Resale home market sags 12%” (The Ottawa Citizen, Section D, February 6, 2013); “Clouds gather over Canadian housing market” (The Globe and Mail, March 15, 2013); “Canada housing agency […]
Looking at Rent to Own? Here is the most important question to ask.