Three Investment Opportunities -Savvy INVESTORS Only!!!

If you are an experienced investor and looking to add another great property to your portfolio we might just have the perfect opportunites for you!

1.  NEW High end 2nd home or 4 season cottage, Bungalow on Balsam Lake by Fenelon Falls.  Last Bungalow that sold, sold for $549000 in this development.  Builder must sell & close before the end of Feb for a Capital loss & will do so for $425000 bottom price.  Need qualified person that sees the value of this opportunity to own their dream home on a very sought after lake, or being able to rent this out for great cash flow over the seasons OR to flip this cottage & sell in season

2. 2 – 4 bedroom homes, side by side semi, built in 2006 near Brock University in St Catherines – can be rented out & has been rented in the past with no vacancy for $400 to $450 a room each year.  Would like to sell both homes together for $17000 each bottom price.

3. Rent-to-Own…. Tenant & contract in place.  Located in London – purchase price is $315000 – Rent-to-own agreement is for $325000 in 3 years.  Holds positive cash flow with traditional financing & has a payout in 3 years!!!!

If you or someone you know would be interested in more information about any of these 3 great investment opportunities please contact our office today.

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Investment Mixed-Use Downtown Oshawa!

Down town Oshawa Mixed-Use Investment Property 865,000
6- 1 Br Apts and money Mart Tenant in Retail space.
Income $105,210 Net Operating expenses $67, 596

To View details please click image

 

 

 

 

 

 

 

 

 

Contact us to see if you qualify for 10% down Mortgage as a strong Borrower.

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Rentals with 10% Only Down Payment!

Since the implementation of Bill B20 it has been mandated that investment property will now require 20% minimum as a down payment.

But here at Mortgage Intelligence Oshawa we are able to offer 10% down to our top tier clients for purchases in Durham Region.

If you have excellent credit, experience buying and holding rentals and you have the down payment from your own resources we can look at your application with only 10% down. So don’t let the lack of a larger down payment stop you from buying that next investment property.

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UOIT Provides Investment Opportunity in Durham Region

If you are an investor you should consider student housing as an option. Durham Region has grown enormously and Oshawa and Whitby have benefited greatly from the influx of students to UOIT, Durham College, and Trent University.  Students come from around the globe to study in this modern facility. The problem is finding good student housing.

Here at Mortgage Intelligence we have helped many of our Investor clients find great properties to accommodate 4-5 students annually, thus creating positive cash-flow from inexpensive real estate.  If you would like to sit and have a discussion about whether this may be right for you, please contact us today.

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Condo Sales Falling in Toronto – Opportunity???

Every Cloud Has A Silver Lining!

Recent reports of a falling sales and investors sitting on the sidelines may just present an opportunity to the seasoned Real Estate Investor.

“Buy Low,  Sell High” is the way investors hope the market will favor them.  The next few months should bring a correction and with that a “Buyers Market”. There are so many condos for sale right now, plus more being built as we speak.

When I came across the article Five Traps to Avoid, When Buying A Condo,  I thought this would be a good time to share it here on the blog. I hope you find it informative, especially if you’ve thought about buying a condo as an investment.

Perhaps the next few months will bring new opportunity for investment in this sector of the housing market. Food for thought: Not everyone who wanted to buy a Condo in the GTA can do so because of the tougher lending guidelines so this could be a good rental option. After all we all need a roof over our heads.

Please feel free to leave a comment or question in the helpful form below. Or apply on-line if you would like to get a rate quote.

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Featured Seminar

Multi-Family Residential Investing Seminar

Saturday November 10^st, 2012 9am-5pm

The Durham Corporate Centre, 105 Consumers Drive

Unit #2, Whitby, Ontario

In the “Multi-Family Residential Investing Seminar” Coridian Capital Inc. is pleased to offer this case-study based workshop on how to successfully invest in multi-family residential properties.  This interactive course allows investors to     learn from real life examples .  The main objective is to provide a clear path and process on how to integrate multi-family property into your portfolio.

Please visit: http://durhamrei.ca/special-event.html to register for this Seminar.

What is Rent To Own Re-finance?

 You’ve Heard of Rent to Own, But What is RTOR?

In the current economic climate many people need relief from debt. Since the implementation of tighter mortgage lending guidelines came into effect in July 2012,there are fewer options to help manage debt. Primarily the option of refinancing a principal residence above 80% loan to value has disappeared.

This is where Cardinal Home Investments can help!

Rogers TV Interview with Elfie Hayes!

Get the Low Down on Mortgages!

Barbara Clifford of Rogers TV interviews Elfie Hayes of Mortgage Intelligence Oshawa on the popular show “Know It All”

Find out how to:

Low Rates 2.99% for 4yr, 3.89% for 10yr

It’s a great time to take advantage of the low rates on your next investment property.  Qualify today for a 4yr term at 2.99% or go longer at 3.89% for a 10yr term. 

Call us today to find out is you qualify for these rates.

In today’s world, you’re nobody till Facebook “Likes” you. So if you have enjoyed our blog post today, please Like us at the top of the article. Thanks for the love!

Visit our New Fan page at https://www.facebook.com/MortgageBrokersOshawa

5 Tips When buying a Rental Property

Getting into investment properties can be a bit tricky.  Here are some tips to help you out.

1)      Buying below Market Value.  Buying the property at the lowest price will ensure a proper profit.  Buying a house at the prime going market rate might get you stuck with a mortgage that is higher than the house value, therefore making the mortgage hard to assume down the road.  Possibly leaving little room for profitability.