QUOTE (LesHarvey @ Feb 8 2010, 03:45 AM) Thomas Thanks for your response. I will need to speak to my accountant and lawyer on these in more detail. I have also heard that properties in trusts in Canada are revalued after 20 years and assessed for capital gains. Do you know where I might find...

QUOTE (invst4profit @ Jan 31 2010, 04:40 PM) I though as much but definitely believe you should eliminate your negative debt first. As said this is a very difficult business where in you may be putting everything you have on the line. I would definitely get rid of your negative debt first so...

QUOTE (CaesarPua @ Jan 25 2010, 11:46 AM) Sorry Chris, I`m a newbie when it comes to corporate structure banking/accounting. Can you elaborate in layman terms? Thanks, Caesar what you would do is to set up a third company 100% owned by the holding Co, this company would do all the property...

QUOTE (CaesarPua @ Jan 25 2010, 07:54 AM) Hi REIN Community, I have just set up my two tiered corporate structure...Parentco and Realco. I would like to setup the bank accounts now, but I need some help. Assuming each of the properties are with different JV partners, it makes sense to have a...

QUOTE If a tenant or invitee gets injured on a property owned by a corporation, the "victim" is going to sue the corporation and ALL officers and directors of that company. Being incorporated will not protect you in that case. You could be held personally liable for negligence. Protecting your...

The discussion for incorporation or not seems to fall into two camps - accountant/CGA will want to save costs and therefore will advise not to incorporate - and the other side is a litigation lawyer who will advise to protect with an entity that may include incorporation. REIN have great...