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  1. CraigSmith

    Is JV money Taxable?

    I am considering a JV partner on an existing property. They would give me 20% of the Appraised value for 50% of the cashflow, mortgage paydown and any appreciation. My question is, If I take their 20% downpayment and I already have my own 20% into the property, is the money I collect from them...
  2. CraigSmith

    What are you getting for rent in Calgary?

    Hi Everyone, I am curious as to what other members are getting for rents these days in Calgary as oil prices have been putting downward pressures on rents. It could be the rents of your own properties or other people's property that you know the numbers on. I will share 3 properties below to...
  3. CraigSmith

    My great Rent to Own couple (tenants) split up?

    I have great RTO tenants who were a couple but have recently split up. (She) is living in the house in BC and (he) runs a company in Alberta and (he) is also the strength of the deal. (He) has good credit and money but just loved the house so went through with the Rent to Own so I could build...
  4. CraigSmith

    critical forms are hard to find

    This is not a complaint but rather constructive feedback:) Each time I go to myreinspace and try and find the critical form section I always get lost. It takes me 10 minutes to find them each time as there is not a direct link. Why not put a link at the top of the page or allow us to favorite...
  5. CraigSmith

    Meetings in Kelowna or Vernon?

    I am curious to know if anyone is meeting in Kelowna or Vernon for discussion groups or mastermind groups and if so if there is any room for one more. Craig
  6. CraigSmith

    tenant wants to break lease

    Can a tenant break a lease to move for work? Since my tenant was wanting to break the lease 3 months early I suggested that I would be ok with that but it would cost him $600 out of his damage deposit to cover expenses as well as a lower priced rental market and to also cover some of the...
  7. CraigSmith

    Found cashflow in Kelowna

    I found a great cashflowing property in Kelowna since prices have come down so much lately. It has a great location to attract college tenants but there is a staggering amount of rentals on the market right now due to the state of the economy. Is this a good or a bad idea? If I am confident I...
  8. CraigSmith

    How does a JV work with both parties on title if one party defaults on a personal residence or other property

    Hi everyone, I have been reading all the posts here for some time now and it is such great help and advice!! My question is if I get involved in a joint venture with someone that has another property of their own; am I at risk of losing the JV property if that someone defaults on their other...
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