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Profiting From Foreclosures in Canada Part 2

Wednesday, September 23rd, 2009

If you missed the previous article – Profiting from Foreclosures in Canada Part 1
As a full time Canadian real estate investor, we will be able to create a lot of business by helping people that have got into financial difficulty and are in the midst of the foreclosure process. Real estate  investors  need to understand [...]

Profiting from Foreclosures in Canada Part 1

Tuesday, September 22nd, 2009

As a full time Canadian real estate investor, we must be continually creating massive and passive income for ourselves. Foreclosures can be a source of many deals for us, where we are helping people who have gotten themselves into a situation and allow them to downsize with dignity and with money in their pocket.
So, what [...]

What To Know Before You Flip a Property

Monday, September 21st, 2009

As a full time Canadian real estate investor, we must be doing deals on a regular basis that continue to create massive and passive income for ourselves. The deals we want to spend our time on do not require our own money to facilitate the acquisition or profit.
In a previous article, we talked about flipping [...]

Flipping a Property You Don’t Own

Sunday, September 20th, 2009

As a full time real estate investment professional, you need to create business for yourself that is not solely hinged on you coming up with money to put into every property acquisition. That is not really a business… that is only an investment.
That process can also be buying yourself a job …as a renovator, or [...]

The Suicide Clause

Sunday, September 20th, 2009

As a full-time Canadian real estate investor, we must be very aware of the types of mortgages that we take. During our time as an investor, we will  do deals where we do not take the mortgage ourselves. In other words, we may joint venture with someone who does the qualifying. We will, however, be [...]

Mortgage Jargon – Part 5

Saturday, September 19th, 2009

If you missed the previous article – Mortgage Jargon – Part 4
We will continue in our series of Mortgage jargon. As full time Canadian real estate investors, we need to utilize the following definitions as part of our everyday language.
Estopple Certificate
This is a document that outlines the legal and financial state of a condominium corporation. [...]

Mortgage Jargon – Part 4

Friday, September 18th, 2009

If you missed the previous article – Mortgage Jargon – Part 3
We will continue in our series of Mortgage jargon. As full time Canadian real estate investors, we need to utilize the following definitions as part of our everyday language.
Municipal Levees
Special levees can be charged by municipalities to recover the cost of their services if [...]

Mortgage Jargon – Part 3

Thursday, September 17th, 2009

If you missed the previous article – Mortgage Jargon – Part 2
We will continue in our series of Mortgage jargon. As full time Canadian real estate investors, we need to utilize the following definitions as part of our everyday language.
Default
Default is the failure to make any monthly mortgage payment, or meet any other term of [...]

Mortgage Jargon – Part 1

Wednesday, September 16th, 2009

As a full time real estate investor, we will be getting a number of mortgages during our career.  It is best that we understand all of the mortgage jargon in order to fully understand our mortgage brokers, bankers, lenders, etc., not to mention the contracts we will be signing.
So let’s highlight some typical jargon that [...]

Mortgage Jargon – Part 2

Tuesday, September 15th, 2009

If you missed the previous article – Mortgage Jargon – Part 1
We will continue in our series on mortgage jargon. Many of these references should or will soon become apart of your language in real estate investing.
Total debt/service ratio
This ratio is calculated by your mortgage broker. This is a standard by most lenders which states [...]

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