People who want to sell their houses but don't feel this is the time are turning their homes into rentals. Yes, there are early signs that home sales are steadying and prices are picking up, but some owners have been waiting for years to sell — to move to new towns, to better jobs — and simply don't want to hold out any longer. The solution is often to pack the old place ...
Posted by Chris Bowman
on April 27, 2011
Selling tenanted properties can be tricky and if done wrong, very expensive. Your tenants have been supporting your investment and helping you pay off your mortgage. Treat them like a partner when selling and it will save you money and stress.
Ways to Keep Your Tenants Sweet
Treat them courteously and professionally: One of the best ways to to keep your costs down and stress levels low is to ...
Posted by Mike Stewart
on June 24, 2010
All the Monopoly hype lately has me reminiscing about the old days where my cousins and I would sit around and play for hours, until evidently the game ended in a fight.
My strategy - not unlike yours, no doubt - was to buy as much property as I could and sit back, relax and collect the rents... If only the real world were that easy!
Thinking about buying a rental property? Here ...
Posted by Ray Petro
on June 7, 2010
Deciding whether it's better to invest in the Stock Market, GICs or investment properties has always been a no-brainer for me.
The stock market goes up and down, sometimes you can look back over your initial investment 10 years ago, and there were two crashes, and you are right back where you started. Hardly a good return. If you sold your stocks during a low period, then you even lost money. ...
Posted by Kevin Stacey
on May 31, 2010
As many as 15% of all new mortgages granted in Canada are for properties the owner doesn't live in. And now, starting this spring, the landlord/investor has to put down a minimum down payment of 20% in order to obtain Canada Mortgage and Housing Corporation (CMHC)- insured properties, part of rule changes announced in February. However, it's worth noting that it is not all bad news when it comes to ...
Posted by Don Lawby
on March 29, 2010
Are you tired of paying rent and exhausted from dealing with inflexible banks?
Well, you are not alone. Banks and traditional lenders are tightening their belts when approving mortgage applications. This means many people with good incomes are faced with circumstances that make it next to impossible to receive conventional bank financing if:
You lack an established credit history
You have poor ...
Posted by Roy Singh
on December 23, 2009
While you're looking at homes to buy, don't rule out properties that include a rental suite - especially in this tough economy, or if you're a first time home buyer. Being a landlord will help pay your mortgage (sometimes entirely), and having a rental space increases the value of your home when it's time to sell - especially if you live in an area where rental properties are in high demand, such ...
Posted by Don Lawby
on August 26, 2009