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Recent content by gregbueckert

  1. gregbueckert

    Who pays GST on a commercial building....the vendor or purchaser?

    If your signed agreement states the vendor is responsible for paying GST, he pays. Period. How it is done is semantics. If he doesn`t pay, the deal can be voided or you can sue for damages. And sue the Realtor too, then get a new one. You are getting bad advice and should have a quick talk with...
  2. gregbueckert

    Cashflow rich, equity poor

    It depends upon whether the line of credit is attached to that property. Generally a LOC is a personal financial vehicle that attaches to the individual, and follows that person. If the bank has not attached the property as security, it is free game. Even if it attached, it is still free game -...
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