Re: three, six, or twelve?
Re: Re: three, six, or twelve? -- jer	Post Reply	Top of Thread	Forum

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Posted by: mike.g 01/31/2006, 15:55:47 Edit

Hi Jer, you can purchase a income property with less than 25% down. CMHC will insure the mortgage and you could go to 85% LTV and put down 15%. Then you could get the vendor to hold 10% and your down payment is 5%. The problem is CMHC has thier own appraisal and it is hard for them(CMHC) to appraise at market value. The oppurtunities are out there. you are interested in r/e and it is a very good way to invest money. You will need to network a bit, let people know you interested in investment real estate. what area are you located in and does this area have the commercial investor magazine. mike

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Re: three, six, or twelve? jer 01/31/2006, 19:18:19 513 bytes +1 Re: three, six, or twelve? mike.g 02/01/2006, 20:01:25 1487 bytes +1 Re: three, six, or twelve? jer 02/02/2006, 21:02:45 745 bytes link