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Recent content by moekhan

  1. M

    Buy an Agricultural Land

    WOW, acquiring land is more complicated then I thought. Who can give me such information about misrep or other facts before buying the property? I know, i am asking so much questions here, I hope you can understand I am on learning curve, so everyone help is greatly appreciated. Thank You
  2. M

    Buy an Agricultural Land

    Ok, so I have been researching on this property today. Currently there is a yearly rental income. Now, according to Official plan and intensive city plan I have notice that part of the property has POND and TREES (about 30% of the property). It says "Long Point Region Source Protection...
  3. M

    Buy an Agricultural Land

    Thank you Thomas for your reply. This proerty is in ON. How would i find out if it is ALR? What do you think it means, when a lady from city municipality said, "I would not anticipate on it"?
  4. M

    Buy an Agricultural Land

    I am new to this so please help me out. I am purchasing an agriculture land, however current zoning is A1 (Agriculture). Now, the place is growing and city has an official plan for surrounding area as residential etc. Expect this property, So I called municipality of the city to find out...
  5. M

    HELOC to new house

    I do not want to create a new post since I do not want to waste space on this site.. So, I am 34yrs old, I have $20,000 in RRSP and close to $100,000 in pension from work..which I would like to take it out but our stupid government does not let us touch it..anyway here are few questions. I am...
  6. M

    HELOC to new house

    Thanks Thomas and Dave, Yes, I do have income now Thomas, and that is the only reason we are pre-qualify for house B because of my income. My whole plan is that I do not want my family to know that I am leaving, so that is why even though I do have paid lot of money to House A, I am giving it...
  7. M

    HELOC to new house

    Thank Thomas for answer in a simplest way that I can understand. Now, I think the biggest problem will be for my bro to get mortgage approval for $500,000 with his only $50,000 salary. So, this is what I might do.. Sign a power of attorney to have my brother to be able to sell the house behalf...
  8. M

    HELOC to new house

    I have lot of questions so I will try to as short as I can, Current home A is paid off and we just bought a brand new home B using a home equity loan, closing is next year for that home. I am planning to move out and probably never come back to Canada. Current home as 3 owner, Me, My bro and My...
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