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Recent content by GregGillespie

  1. GregGillespie

    Rent to own the good and bad....

    QUOTE (billf @ Jan 6 2009, 03:32 PM) Hi, Quick question about this interesting proposition. Now that it is generally accepted that prices are going to be flat/down for the next while are the clients still willing to pay for anticpated price growth/appreciation. Thanks, Bill F Excellent...
  2. GregGillespie

    Tax-Free Savings accounts

    QUOTE (Sherilynn @ Jan 4 2009, 02:05 PM) The new tax-free savings accounts have attracted a lot of attention and it seems that most people are trying to find a way to leverage them. Being of fairly limited imagination when it comes to investments, I have simply started transferring my security...
  3. GregGillespie

    Selling a House with Tenants in it.

    Hi, Yes, the rules depend in the province but I`ll take a stab at #3. It really depends on the buyer. As an investor, I prefer inheriting (good!) tenants. If it is vacant, it is a little more work but typically our PM is onboard from day 1 so we can get an early start on marketing. As a first...
  4. GregGillespie

    rent subsidies

    Hi, I have to agree with the current property owners--a charitable approach to landlording may not make for a sustainable business long term...but if this is your passion then perhaps you have just found your niche. Greg QUOTE (klewlis @ Sep 25 2008, 11:35 AM) As long as my cashflow remains...
  5. GregGillespie

    A thought for a future workshop

    Hi Mark, I am going to take a chance and say the issue seems to be with your team (specifically your realtor)...you obviously understand the structure and benefits of VTBs. The key is going to be your ability to sell the concept of a VTB to your realtor first so that they can subsequently sell...
  6. GregGillespie

    VTB or Caveat?

    QUOTE (MarkTorgerson @ Sep 22 2008, 01:03 PM) Would a possibility be putting my own cash down to finance the property. Then, at the same time, draw up a caveat or promissory note where she lends me back the money secured against the property? Exactly, Mark. You could close with your funds...
  7. GregGillespie

    Sprinkler Installers in Nanaimo?

    QUOTE (BRYAN17 @ Sep 20 2008, 12:04 PM) I have just got re-zoning approval on a triplex and need to bring the building up to today`s fire code. I`m looking for the name and contact info for Sprinkler installers (fire & landscape) and a electrician. If you know of anyone, please pass it along or...
  8. GregGillespie

    Tenant Not Allowing Entrance to his Unit

    QUOTE (Dan_Eisenhauer @ Sep 18 2008, 10:16 PM) I would insist on seeing that unit before you spend a bunch of money on the extras like inspection and appraisal, especially if the rest of the building is marginal. Very good point, Dan. In addition to our realtor, we now include a walkthrough by...
  9. GregGillespie

    Victoria BC

    QUOTE (sgraves @ Sep 10 2008, 10:27 PM) wondering fir anyone knows of a good realtor for Victoria area near UVic Hi! I have great success with Ronan O`Sullivan out of Remax-Camosun and Tony Zarsadias from Burr Properties. Good luck! Greg
  10. GregGillespie

    Nanaimo Property Managers

    Hi Jen, Gord from the Nanaimo Real Estate Investors Club may have some good contacts for you. You can get more info at Hi Jen My Nanaimo realtor manages my multi unit properties for me. I don`t know if he`s looking for other properties to manage or not. He doesn`t want any more "challenging"...
  11. GregGillespie

    Featured Investment Opportunities from Oasis Properties

    Feature Investment OpportunitiesBRAND NEW :: Incredible Equity in this legally conforming Four Unit Apartment building means you make money from the minute you invest! Add in NO Qualification necessary and this is an incredibly lucrative real estate opportunity. `Beverly Heights` boasts four...
  12. GregGillespie

    Coin Laundry - Money Missing

    Hi, I have not encountered this exact scenario but either way it sounds like someone has the key. I would swap out the money box/key at the very least or go with a newer, leased unit such as the equipment/service offered through Phelps... Hi Everyone, Ever had to deal with this situation...
  13. GregGillespie

    What happens when everyone exits edmonton?

    QUOTE (ChrisDavies @ Feb 21 2008, 06:20 PM) Another thing to consider is that investors only make up ~4% of the market. Hi Chris, Is it that we investors only make up 4% of the market or only 4% of Canadians own investment real estate? I recall Don mentioning that 40% of the listings in...
  14. GregGillespie

    Terminating a lease to reside in property

    Hi Terence, In BC, 2 months notice is required and the the landlord must pay the tenant an amount equal to one month`s rent. If the landlord does not use the unit for the stated purpose for at least 6 months, the landlord must pay the tenant an additional amount equal to double the monthly...
  15. GregGillespie

    Tax Deduction on Purchasing a Vehicle

    QUOTE (brentdavies @ Feb 7 2008, 04:01 PM) Keep a mileage book and the tax man will love you. Absolutely. Charging a flat rate per km and keeping track of that mileage keeps CRA happy and tends to be more straightforward than deducting a % for gas, repairs, etc (besides, in this situation you...
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