Hi Vnwind: I felt the need to jump in as something about the math seemed off. I do not think you needed to do any transfers from your HELOC. I had $50K in my RRSP three years ago and my mortgage broker just wanted to see that it was in there for more than 3 months and used that to get me...

I like what Neil said. I would do it that way also.

20 doors X 3 keys each X $4 per key = $240. What other tangible and intangible benefits do you get from a master key? Is the benefit worth the extra $3,760? For me, I can save $3,760 or spend it on a key that if I can't find it, there goes my $3,760! Alternative, it costs me an extra...

How many doors?

I just closed a refinance last week and got 80%. Was normal according to my mortgage broker. No hints of it going down.

There is a way to spread the gain over a 4 or 5 year period but only if you are being paid for it in installment; say you took a vendor take back mortgage. There is also some replacement property rules but that is if certain things happened to your property, like it was expropriated...

Hi Alex: 1) Management and Admin 2) Other expense - bank fees (or you can put it as office) 4) Advertising. There is a concept called materiality (CRA knows this concept very well). If it is small cost items, expense them, if not, the question is if they should be capitalized. And there...

Don: Thank you very much. I must admit, it is very humbling to see you reply to this question personally. A client of mine asked me if I knew what they should do about the house they are now renting. Never having done it this way myself, I decided to post their question here. The professional...

Hi Thomas. Thank you very much! And yes, we are aware of the tax issue, which is already taken care of; thanks again for stressing that issue as it is indeed very important. BTW, I really appreciate your answers to all questions on the forums. I have learned a lot just from reading them. I...

Hi Thomas, Thanks. However, we are not selling the house, we are just moving out into a new one, and renting the old one. We are in Ontario. For the first house (the one we are moving from, and therefore renting out), will the bank care that we are now renting it out? Will they want to renew the...

Hello All: We are considering buying another house and renting the one we currently live in. What do we need to do in order to get this done the right way and what are the consequences if steps are missed? I know we need to change the insurance policy to reflect a rental property policy...

My tenants send their rent via email transfer every month. Cost to them is $1 per transfer and it is free for me.

Hello: Wondering if I can get some referrals for good Real Estate Agents in the Hamilton, Burlington and surrounding area? Also, an Agent in the Ottawa region would be wonderful. Also, would anyone be able to provide good PM firms in the same region? Thanks in advanced! TJ.