Congrats! What did you end up buying?

1. A 2. B 3. A 4. A 5. A 6. D Vancouver 9.2%

It's always refreshing to hear these stories-- Congratulations and best of luck with finding more like this one! Sasha

Thank you all for the replies! I was just thinking as well... Is the landlord able to charge the tenant the replacement cost of the ruined countertop? If a countertop is ruined in the next 5 years for example-- Can I forward this cost to the tenant? Or is this the case of-- "Good luck with...

That is a LOT of work... I am doing a kitchen gut and the whole 9 yards by myself now and it seems like it's neverending with a full time job in between and a wife and a baby. Thumbs up for doing a complete house-- I guess the positive in this is that you can mess around with opening the...

I would like to add to all of you that have something negative to say about this joke-- There are far more important things in life to worry about than trying to investigate the probable roots of this post that you read online. Life as you know it has become stale and boring if something...

Thanks for your reply Greg. I simply want to sign a lease for different terms as to not have the same issue in a year-- to have both units vacant and have to deal with two units being moved in/out on the day. I'm surprised to hear that the tenant is not responsible for the door frame...

Both units will be vacant on February 1st 2012 and I am going through the process of renting them out again. I showed the 1bedroom unit and noticed there is a door missing on teh bedroom door as it was apparently damaged and the tenant took it off saying he will replace it but hasnt done so...

As was noted in earlier posts, but to simplify even more-- don't we all want to do well in life to buy ourselves more time? I am only 28 but I can imagine looking back at life when I am 40-50-60... saying how this time flew by so quick.. therefore, by investing and making money, you free...

My house was built in 1958 in Ontario and has three layers of linoleum in the kitchen. I too was very worried about the asbestos but have decided to cover it up and build up the new floor on top which I tiled. It turned out stiff and perfectly fine. Does not squeak and no cracks so it seems...

To lighten up the situation here as this post could go on for days debating on what is right and wrong with this world today and how we are all affected! Bull Market: Is a random market movement causing an investor to mistake himself for a financial genius. Bear Market: Is a 6 to 18 month...

I tried searching on the forum about power of sale properties but no one seems to be discussing this subject. Is this a common find in Ontario and have any of you dealt with some properties like this in the past? I only ask because for obvious reasons, the property may change hands for...

@Rickson9 What kind of property is this that you speak of? You must have a working example in your repertoire... I find it impossible to find a property for 115k to rent out for so much. It must be a pretty worn out property that requires many upgrades and fixes? Sasha

I am in the process of finishing my 2BR unit to complete it and the last stage is the kitchen... I want it durable and updated so that I can increase the rent for the next tenant and make it cashflow as much as possible when I move out of this unit. Considering that I am trying to get the most...

Adam, I am not 100% sure on this but it depends on how the write-downs were treated so far... I believe that if you write off the depreciation of your investment property to get a break on taxes for that year, you will pay taxes on gains when you pull equity out. If you haven't depreciated...

you are right-- it's 15! I am not sure where I got the number 20 from.

Adam, Since you are in the waterloo area-- what do you think of this property? http://www.icx.ca/propertyDetails.aspx?propertyId=10891069&PidKey=103477053 It's a 20 unit building in as is condition for $1.15M. I know the area wouldnt be the greatest but the price is right! Sasha

Thanks to both for your input. On another note-- while we are talking efficiency-- in the next year or two, would that be the time to lock the mortgage rate to guarantee the low rate for the following 5 years? It seems to me that the rates will hold until mid '13 but there is no question...

I had a door to door salesperson come to my house from National to sell me a new water heater tank... i never signed up on it but sparked me to do some research about efficienecy of my water system and to see if i can indeed save $$ by switching to a different system. I have a 75 gallon...

if there was a posibility of knowing that your current A+ tenant will stay for a year or two as you say, then why not leave it to them and let them pay you $150/per month knowing you don't need to worry about anything for that time. However, what if one month they don't even have $1,150 to...