Being prepared before meeting with your Mortgage Broker or Lender to complete a financing application can make the process more efficient and less stressful. Use this document as a guide to begin preparing your personal documents for your financing application.   Note: This checklist is a general guide only. Each party applying on the financing application…

Before signing the dotted line, I recommend reviewing your contractor’s document(s) to ensure they include the following information:   This checklist is a guideline only and is not a substitute for seeking advice from trained professionals. All information should be reviewed and amended to suit your personal investing situation.    Due Diligence on your Contractor…

An Investor Profile defines the type of investor you are based your individual circumstances and preferences. Each investor’s profile is unique with a number of factors that influence it. Factors that Affect your Decision: Time, Cash Flow & Liquidity      1. Amount of time you have available to execute      2. Amount of…

Scott and I talk about Cash Flow a lot. We even wrote two books called Cash Flow for Life and Quick Start to Cash Flow.   Cash Flow is a fundamental part of real estate investing, and one of The 4 Ways to Win, but is there a minimum amount of Cash Flow you want to be earning on…

A Message from Michael and Scott As the season of connecting and sharing is upon us, we want to take this time to extend warm wishes and gratitude for another incredible year gone by. Making the dream work requires clients, colleagues and friends like you who believe in us, and we appreciate you continuing to…

Last week, Jason shared qualifying scripts to help find an investor savvy Realtor and Home Inspector.   When funding a property, the most important ally you can have on your team is an independent Mortgage Broker.   An experienced Mortgage Broker can offer so much more than your standard bank representative. They have access to…

You may have heard the terms “Seller Financing” or “Vendor Take-Back” (VTB) used when discussing investing strategies, but what does it mean?   Put simply, it’s when the person selling the property assists with some or all of the mortgage, so the seller essentially becomes your bank.   Yes, you read that correctly…the seller can…

When it comes to borrowing, ensure you are setting yourself up to be successful for many years to come by following these important rules. 1. Seek to maximize access to capital 2. Minimize monthly payments to build future qualification 3. Never waste an easy approval   Calum Ross is an Amazon and Globe & Mail…

Lease to Own is a great strategy to use as an investor.   Usually this is done when you are looking for a larger ROI, but you’re not in a rush.   Giving the tenant the option to buy helps you find a tenant-buyer who is motivated by the money they are investing into the…

While many things should be considered when investing in income properties, every single one of them on your due diligence list will tie back to location. Location, Location, Location!   You can say it three times, you can say it forty times, but that doesn’t change how important location is in real estate investing.  …