Posts Tagged ‘investment property’

So You Want to be a Landlord in Ontario in 2012

Sunday, January 1st, 2012

January 1st, 2012


After years of hard work you have some money saved up.

How can I make this money ‘work’ for me? you think.

Stocks, bonds and mutual funds

You consider investing in mutual funds, or even taking the risk of investing in stocks and bonds. The closer you look, the riskier it looks. It’s far too unstable for what your goals are.

Bank Accounts

How about a bank account? It’s very low risk and you won’t have to think your investment every day. You do some research, make some calls, and realize putting your money into a bank account will yield you such little profit it’s not worth getting your bank account bankbook out! The big banks might make money, but you won’t.

What about Real Estate?

As you continue to look for investment opportunities you remember one of your relatives mentioning he did well buying and flipping real estate. You also have a friend who bought a residential property and rented it out to tenants. The more you think about it, the more this makes sense!

So you want to be a landlord?

It seems pretty simple to be a landlord. You buy a residential property and rent it out. The tenants pay you monthly, which covers your mortgage payments. If you buy the right property and manage to rent it at a high rate you will also be making ‘cash flow’ every month!

Mortgage free and cash flow galore

You get out your calculator and see that if you put the cash flow back into the property you can pay off the mortgage in a few years. This means the rent will come directly to you and your wallet. This is serious money!

If you hold on to the house, it might appreciate

You look back at house prices from a few years ago and see houses in your area have gone up in value. If you look back ten years ago, you see they’ve almost doubled. You make a ten year plan and imagine how much your rental property will be worth a decade from now…and you can sell it mortgage free!

You have a fool proof plan and think “why isn’t everyone doing this?”

A closer look at being a landlord

Everyone isn’t doing it, because there are far more challenges than at first glance.

Over the next few months, we are going to tackle important issues and answer questions about becoming a landlord.   Lots of topics will be covered, from choosing an area to invest to describing how to fill out an N4 (that’s what you serve when your tenant decides they don’t have to pay rent!)

Happy New Year!

Highlights of Our Meeting with the Ministry of Housing!!

Saturday, February 19th, 2011

Highlights of Our Meeting with the Ministry of Housing

February 2011 – Landlord Justice, LTB

On Thursday, February 17, 2011, Senior Members of the Ontario Landlords Association met with three Senior Members of Minister Bartolucci’s staff at the Ministry of Housing Offices, 777 Bay Street, Toronto. Also in attendance was the Honourable MPP Mike Colle, who really engaged with us and shared a number of troubling stories from his own constituents.


How do the New Mortgage Rules Effect You?

Friday, February 4th, 2011

Looking for the Best Mortgage Out there?

Monday, February 22nd, 2010

Not all mortgage professionals are created equal.  This is especially true if you are invested in, or want to invest in, rental properties. 

The Ontario Landlord Association recommends you connect with Mr. Kevin Boucher of INVIS.  He has years of successful experience helping landlords across the country.  Here’s Kevin:

“Invis is Canada’s largest mortgage brokerage firm. With offices from coast to coast, our strength and experience allows  us greater leverage in negotiating the best products and rates with over 70 lenders across the country. 

I work hard to provide maximum flexibility in financing options and deliver the most competitive and innovative products and services to suit your individual needs.”

Contact Kevin for all your mortgage needs.  He understands landlords! 

You’ll be amazed at his professionalism and level of knowledge.