Hi, I am looking for an experienced investment realtor who: 1. for long term relationship 2. has own investment properties 3. has enriched investment property experience for at least 5 years 4. market SME at West of GTA or Niagra fall's region 5. has patience and detail oriented, can set up...

We bought a duplex in Kitchener in June and tenant reported it had water in the basement after the heavy rain recently... Does anyone know any expert in this area as we called a company in and was told there may be sewer drain issue, we found a plumber in and was told it does not look like the...

Hi, we have lived in our house for the past 13 years and are going to move to new place,we are planning to make the current one as our investment property after that... My question is whether we should have a home appraisal for the current house to convert it from primary to rental or not...

Hi , I am wondering whether anybody is using/used or have any feedback regarding this company? their website is: http://www.torontorentingguide.com/ I could not find a lot of feedback for them... Thanks, Sue

Hi, We are doing re-finance with one of the investment properties now and my question is: are there any tax implication with the re-finance? for example, we bought the house @300k, now we re-finance it as @400k, do we need to file any tax for it? My understanding is we do Not need to file...

Hi, Can you please share what the appropriate loan to value ratio is for your portfolio? I know for mortgage, normally bank has the decision e.g. no more than 80%, or 65% re-finance ratio, I am just wondering for each of us ,as we build up our portfolio, say we may have 5, or 10, or 20...

Hi, Can anyone refer some good insurance company/agents for investment rental property at Ontario ASAP? I used Hub which is referred by REIN at this Forum and seems there are resources changes and I sent email and phone message, there is No quick response... Thanks for your help! Sue

Hi, Want to draw some discussion around the New ~ old property Cons and Pros. What is your prefer and why? In my view, the old house may have less purchasing price, but may also require more maintenance works than new ones and also the appreciation may be less than the New ones in the...

Hi, Need your help urgently! We have a up/down duplex rental property which has Central Air condition that was installed by the previous owner, we bought the property in March and has new tenant moved in at main floor in April... we do not want to provide the A/C to tenants as we are paying...

Hi, here is my question: I have property A with Home line of credit, I used this home line of credit to purchase property B, my question is where I should record the interest paid for using this home line of credit? under property A or under property B when I do the book keeping? Thanks...

Hi, Need some tips or advice regarding my upcoming mortgage refinance... We had conversation with our bank yesterday and learned we can do refinance for our rental property now, the variable rate is 2.34% and fix rate is 2.39% for 5 year term, I am very attracted by the 5 year fixed rate now...

Hi, recently I heard the story as follows: Somebody bought a new going to build property in GTA Toronto area and wait for its ready, once closing, put it on MLS and sold it, within less than 2 years, he made quite good money on it...I have the following questions: 1. what do you think of...

Hi, Recently working on my 2015 Tax and read through CRA T4036 Rental Income, saw this statement and confused: e.g, ask "if I have rental property and re-financed it, then I put the money to my personal property as down payment, can I deduct the mortgage interest to my rental property?"...

Hi, While I am preparing 2015 tax, I have a question regarding rental loss... For example, I have rental loss $2000 in 2014, if I have rental income $1500 prior to CCA, can I deduct the rental loss $2000 of 2014 first then I do not need apply CCA because CCA will need to pay back when it is...

Hi, We just bought a duplex multi-family investment property, when we signed the final agreement, both units are rented out and we agree to accept all of them... our closing date is 66 days long, right after the deal, we were informed that the downstair's tenant is going to move out prior to...

Hi, I am looking for a few investment properties and one question I come up is what are the options do I have to do with the current tenants if we buy the property, e.g. 1. put a clause to ask the seller to evict the current tenants 2. can I increase the rent after closing or have to wait...

Hi, I have read referral of Park insurance, but seems it is located at west side and wondering whether it has office/business at east side? Also anybody could refer good insurance company that are investment real estate friendly at Ontario? Thanks, Sue

Hi, while reviewing some properties, I found some of them have electric/baseboard as heat, my question is: what are your comments of this type of heat? is it acceptance used as investment property? e.g. Multi-family property or student rental property which I have to pay the utility as...

Hi, We are going to move to a new house next year and are considering to convert our current house for rent -- investment property, I am new to it and need advices on the following: 1. if we convert it into rental property, we would need to Report it as rental income, but how could I know...

Hi, I recently got a house appraisal from my bank to apply home line of credit, what comes back is the appraisal is quite low than the current market price, what should I do? Options are: 1. accept it now and do I have opportunity to ask the re-appraisal after a few years? does the...