Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

Search results

  1. wader

    I boughy my first property!

    Great job! I have a feeling if you purchase one more that you will be on your way to writing a book in about 10 years! :)
  2. wader

    RE Investor Expenses

    We were going along so well and then someone dissects a post to try and find a fault in it. Again, I simply wanted to know what other people are using for deductions? Your time would be better served if you could explain some of the deductions that you are using instead of stirring the pot...
  3. wader

    The Tale of the Renovating Thief

    Wow, who says being a landlord is boring. Maybe you could have squeezed your tenant a little more by telling him he had to finish the reno because you could never rent it the way it was. :)
  4. wader

    RE Investor Expenses

    Great guys, thanks for all your comments. Wade
  5. wader

    REMA and Commercial

    Can REMA be used for the commercial side?
  6. wader

    Buy Out Partner

    Thanks Wade, I will make sure of that. Its a duplex and we owe 88K, and have had it since 2003. You probabbly noticed that we have the same (uncommon) first name....the funny thing is we also have the exact same LAST name. Nice to meet you sir.
  7. wader

    Buy Out Partner

    Get out the shotgun! My partner is going to buy me out or I'm going to buy him out. If I buy him out, I'm going to do a re-fi. At the sale does it only trigger his portion of the CCA or both?
  8. wader

    RE Investor Expenses

    Yeah thats what I was looking for. Joe, maybe you can elaborate on the "on going education, etc." Thanks Wade
  9. wader

    RE Investor Expenses

    Fair enough I have a duplex, fourplex, a two unit house, and my primary residence. I have a 50/50 split in all the units except my primary residence. They are all positive cash flow and I want to make sure that I am expensing everything that I can. I take care of the property management and...
  10. wader

    RE Investor Expenses

    Thanks for your well thought out response. In the future try to give me a small amount of credit for an avenue that I may have already considered.
  11. wader

    RE Investor Expenses

    I dont think that I'm using all the expenses that I should be. What are some things that you guys and gals are writing off? Vehicle - how much? Property Management - how much...10%? I do it myself so do I just claim that personally as an income?
  12. wader

    Depreciate Asset By 4%

    Can I depreciate an asset by 4% for CCA, even if i'm not a corporation?
  13. wader

    Help Simple vs Compound

    Im sorry, Im still trying to get my head around this. I always assumed that with simple interest would save me money. Looking at the following example, would it be safe to say that a buyer would be satisfied with paying a little extra (12k in 1st example), so that he can make the property...
  14. wader

    Help Simple vs Compound

    Great, Thanks for the help everyone.
  15. wader

    Help Simple vs Compound

    Anybody?
  16. wader

    Help Simple vs Compound

    I agree this might be another angle, but what im really trying to figure out is the math end of simple interest. Lets say for example 100k VTB 5 year 5% I want to pay back P&I...what would my monthly payments be? 100k x 5% = 105000 105000 / 60months = 1750.00 OR Do I...
  17. wader

    Help Simple vs Compound

    Thanks Michael, When I show the venor the VTB I wanted to break it down for them. Year one intrest, principal, payment amounts...then year 2 etc. Do I have to go through each year? Or maybe you know an easier way? Year 1 - 200k @ 5% = 210k monthly payments = 2k Year 2 - 186k @ 5% =...
  18. wader

    Help Simple vs Compound

    Hi there, Hi guys and gals, sorry for my ignorance but I am having trouble getting my head around this for some reason. Here it goes: Simple Interest VTB - 200,000 Rate - 5% Term - 10years 200k x 5% = 10k 10k x 10yr = 100k So after 10 years we have the VTB paid back for a total of...
Top Bottom