Real Estate Blogs

682 results - showing 1 - 15  
« 1 2 3 4 5 ... »  
Ordering 
 
How To Purchase When The Mortgage Rules Keep Changing? - Aminas Mortgage Services
Whether you are a resident of Canada or even a non-resident (living and working abroad), you are probably wondering how to keep purchasing and/or refinancing when the mortgage rules keep changing like the wind! Since last October, we have seen massive changes – everything from increased rates, properties that were previously insured are now uninsured and the qualifying rate for everything under the 5-year fixed has risen three times. So with these massive changes how do you keep up? How do you purchase when the mortgage rules keep changing? As brokers, we deal with these frustrations every day and the answer unfortunately is not clear! To give you an idea, a new couple with a baby were purchasing a pre-construction property that they originally bought 5 years ago.  When they first signed on the dotted line, rates were in the low 2’s and nobody thought they...
 
0.0
 
0.0 (0)
 
100 Ways to Create Real Estate Leads
How effective is your marketing? Until you start this important element of your business, your business will not really be started… The key fundamental element in the first level of your real estate investing business is creating systematic and consistent lead generation. Have you focused on that yet? If not, you do NOT have a business, you have a hobby or a dream. Your commitment to this area of your investing career is critical to your success. There are many different ways to create leads. Here are about 100: Accountants and CA Firms: They have clients with financial problems where an investor can be of help. Advertising: Never stop. Use simple ads with a USP, Unique Selling Proposition: Quick Closing, All Cash etc., Buy Houses Ads, Newspapers, Flyers. ...
 
0.0
 
0.0 (0)
 
Why Is DCR The Most Important Factor In Commercial Financing?
DCR or debt coverage ratio, is one if not the most important thing to factor when it comes to commercial financing.  However, it is one of the most overlooked aspects so I thought I would touch upon it’s importance here. Last month, I closed on a very difficult commercial deal – a 12-plex in Orlando, FL.  When looking at it initially the numbers looked strong and keep in mind at first glance they always will as they are put together by the realtor to get it sold.  It is not until I as the broker or the lender do further due diligence with proper numbers, backed up by P/L and rent rolls, that the true numbers come out in the wash. On this deal, the current seller had only owned the property for 18 months, having bought it with two other bigger buildings in a bulk purchase.  Being the smaller...
 
0.0
 
0.0 (0)
 
What's The Outlook In the Commercial Property Market For The Rest of 2017?
Many investors have been looking at their current residential portfolio’s and not liking what they are seeing.  For instance, the recent rule changes have affected their ability to grow their single-family portfolio’s with CMHC no longer insuring these properties, which means less lenders to choose from. Furthermore, after the recent rate hikes and more to come, cash flows have also been affected. So with that in mind and with many investors now looking at commercial property acquisitions, let’s take a look at the commercial property market trends for the rest of 2017. Deloitte has provided a great outlook for 2017, which is a great read and you can get it here[1] Hello, I'm Amina Mohamed. I am a Mortgage Agent and Real Estate Investor who believes in helping both clients and investors by looking at all of their mortgage options. With a strong belief that mortgages...
 
0.0
 
0.0 (0)
 
Updates For Non-Resident Purchases In Canada Mortgage Services
Recently James, a non-resident from Singapore purchased a property in Toronto.  We completed the deal from start to finish in 10 days, which was highly stressful for both the borrower, realtor and mortgage broker – yours truly. Everyday, I was faced with lender delays, appraisal delays’ and many phone calls back and forth to verify details.  It was not clear that we would be able to close and both James and the seller could not extend closing, which led to further stress.  James was leaving back to Singapore on July 29th and the sellers were closing on another property on July 30th.  Our closing was set for July 27th. Deadlines all around were tight.  The only positive was that the realtor already had the status certificate reviewed by the lawyer, before the purchase agreement was signed, which saved us time in the process, enabling me to send that in with the paperwork to the lender....
 
0.0
 
0.0 (0)
 
 
0.0
 
0.0 (0)
 
Private Lenders Are Feeling The Squeeze Too! Mortgage Services
Everyday, I open up my inbox and I see countless messages or promotions from Private Lenders – both individual’s and institutional privates, seeking to compete in this ever-changing mortgage landscape. Gone are the days, you could call a private lender and ask them to fund your client’s troubled file.  Now they are also requiring more paperwork (even when they say they don’t) and their rates and fees are getting higher and higher!  Private Lenders are feeling the squeeze too! Why is this? For one the market cannot rebound or absorb the over-inflated numbers we were seeing from the last two years.  For instance, clients who were over-bidding on properties and in some cases paying over $100,000 to get into that property are now looking for a way out.  However, they are in negative equity situations, which means they are stuck with the their current lending options or selling at a loss...
 
0.0
 
0.0 (0)
 
GTA Housing Market - Cooled Off or Simmering? Mortgage Services
Guest Post by Yvette Barnes[1], Real Estate Salesperson at Right at Home Realty We’ve heard a lot since the Federal and Provincial governments weighed in on the GTA housing market. Has the market cooled?  It depends. Prices soared last November because there were no listings. This April revealed 21,600 new (‘active’) listings – 33.6% more than April 2016. Our ‘active’ listing supply is 3% higher than this time last year. The May statistics verify new listings are about 47% more than the same period in 2016. In 2017, TREB reports a year-over-year growth of 20-25%; March was at 30%. This suggests the market has returned approximately 5% of the price increases gained. Rent Control applies to all residential units effective April 20, 2017 and will have a considerable effect on landlords and tenants alike. Temporarily, tenants feel protected knowing rent increases are controlled (now 1.5% per year). Over...
 
0.0
 
0.0 (0)
 
The Shift From a Seller’s To a Buyer’s Market Is Especially Helpful To Non-resident Buyers!
As the summer approaches, I start to get inquiries from Canadian non-resident or expat clients, inquiring about how to purchase properties in Canada. Many of these clients are Canadian citizens but they are working and living abroad in countries, such as, Dubai, Singapore, Abu Dhabi and England just to name a few countries.  Canada, luckily enough is very favourable to foreign investment, and while these clients are not considered foreigners, once they live outside the country for a number of years, and no longer pay taxes at home, they are not considered citizens and thus do not enjoy the same financing benefits for residents of Canada. Thus, I thought a good primer would be good.  Let’s look at a recent example. Jenny and John, have been living in Singapore for the last 3 years both teaching at the international school.  They receive a tax-free income and don’t pay...
 
0.0
 
0.0 (0)
 
Why Is Now The Best Time To Buy Revenue Properties In The US?
Contrary to the so-called Trump Effect, the exchange rate and the low Canadian dollar, now is actually the BEST time to invest in revenue properties in the US. Regardless of these issues, people always need a place to live, and with the ever-fluctuating market in the US, there are many opportunities to take advantage of low prices and the financing that is available to both Canadian and US investors. For instance, you might consider purchasing wholesale properties in Tampa, vacation rentals in Orlando or turnkey properties in Atlanta, just to name a few of the available opportunities that exist. Currently I am working with many Canadians who have the vision to expand their portfolio’s and cash flow by investing in the US.  We all know that investing in Canada in many markets with the high prices we are seeing and the tightening of the mortgage rules, that it...
 
0.0
 
0.0 (0)
 
KNOW YOUR TENANT PROFILE BEFORE BUYING THAT INVESTMENT PROPERTY
There are so many amazing investors to learn from but one that I admire the most agreed to share her tips on why knowing your tenant profile, should be one of the most important things you keep in mind before buying that investment property.   For instance, when she goes property shopping into a specific market, she always has her tenant profile in mind before looking at investment properties.  Specifically, she likes having young families with children so she will look for properties near great schools and with 3 bedrooms and 1 ½ or 2 bathrooms; or she might like to attract a single mom and her children and thus will look for a home that either has two units (upper and lower unit) or a house that can be converted easily and legally to two units (upper and lower) or two side by side semi’s. Again, in this instance she would look...
 
0.0
 
0.0 (0)
 
682 results - showing 1 - 15  
« 1 2 3 4 5 ... »  
Results per page:  
Category: Blogs
No matter how you look at it Calgary's resale...
 
0.0
 
0.0 (0)
Category: Blogs
It’s become unpredictable and emotional.  Surprised? Probably not......
 
0.0
 
0.0 (0)
Category: Blogs
TORONTO - There is now convincing evidence that Canada's...
 
0.0
 
0.0 (0)
Category: Blogs
It's not hard to fail as a real estate investor....
 
0.0
 
0.0 (0)
Category: Blogs
How To Get Yourself Out Of Trouble When Your Investment...
 
0.0
 
0.0 (0)
Category: Blogs
Sublease space helps stabilize office ratesDowntown office rental rates in...
 
0.0
 
0.0 (0)
Category: Blogs
Whether you own a duplex or large apartment complex, as...
 
0.0
 
0.0 (0)
House Prices still rising in Winnipeg
Category: Blogs
Housing prices in Winnipeg continue to climb despite remaining...
 
0.0
 
0.0 (0)
Category: Blogs
It is important to recognize that even after the purchaser...
 
0.0
 
0.0 (0)
MORTGAGE PROBLEM SOLVING TIP: What to do when you want to purchase a new home and your current one hasn't sold!
Category: Blogs
With the recession still lingering in today’s real estate...
 
0.0
 
0.0 (0)