QUOTE (llee @ Apr 10 2009, 08:38 AM) When they rented the place, I told them the hydro should be around $80-120, depending on their usage. The vendor said that`s about right. However, the tenants received their first bill (2 month) of $500! They said they have been keeping the place cold...

With the new blended sales tax... you`re going to pay an extra 8% on your electricity, your heating, property management, snow plowing etc. The LTB will likely not allow this to be passed on to the tenants. As a single guy I won`t be getting all those checques either because with rental...

Get your current home assesed(the bank would do it for you) and get a conventional mortgage for what ever amount you need to get it to cashflow (up to 80LTV) then take all the money and buy your residence. All the interest on the rental will be deductible. Don`t complicate things. RF

QUOTE (navaz @ Mar 23 2009, 10:20 AM) From a resale perspective -nice to have 2 parking stalls At the very least, buy a 2nd one for each property. It does help resale a lot and you can rent it out while you own the properties. As for buying more, if you do the numbers, even at 100$ a month, it...

I`ll be there...to the Ontario meeting and I`ll be moving to Ottawa in the summer... so not quite from Ottawa yet

QUOTE (investmart @ Mar 17 2009, 04:09 AM) Hi, Is $1000 reasonable cost for repairing a small 5" crack in ceiling or should it cost more like $500 or less? The work includes replace damage drywall and wet insulation as well as skim coat and paint 10`x10` ceiling. Thanks, Neil ps. The cause is...

QUOTE (luckey3 @ Mar 15 2009, 01:19 PM) Assuming my credit is great can i buy two homes at the same time with a week separating closings I bought my 1st two (and only) income properties at the same time. As long as the numbers add up, your credit is good, it is worth a try. In effect, what...

QUOTE (johnny @ Jan 30 2009, 06:52 AM) I perform energy assesments on homes across Northern Ontario and I am recently a new member of REIN. http://www.canspecinspection.com Take care John Miller John, thanks for the info, I might be in need of your services for my 2 properties in the...

QUOTE (Tammy @ Mar 14 2009, 02:36 PM) Interest deductibility is one of the more complicated areas of tax a real estate investor will encounter. I`ll try to illustrate by way of some examples. Tammy, great post! Keep it handy as yu will get the exact same questions this time next year. You...

QUOTE (EdRenkema @ Mar 14 2009, 01:55 PM) Thanks Chris, I read this on the plane this morning only because it was the only paper available and I had time to kill. Your rant didn`t do it justice. Simply alarmist rhetoric, the individual in the story had no business getting a mortgage and kept...

QUOTE (DavidSandbrand @ Mar 12 2009, 06:02 PM) But RÃal, if you decide to donate $500 to prostate cancer research (hilarious play on words, by the way) - wouldn't you like it if Jarrett said "I'd be happy to match that $500, and also contribute to your charity". Absolutely, that would be...

QUOTE (luckey3 @ Mar 12 2009, 06:00 PM) I just had my buddy install two tankless water heaters in two separate homes and the instillation was free i called enbridge and they came and removed my old ones. I was paying $20 for rental fee from enbridge and now i am paying $31 that comes off of my...

QUOTE (jarrettvaughan @ Mar 12 2009, 02:39 PM) I am trying to figure out how to balance being a responsible citizen and using my influence (or lack of influence) to help the world. It is much better to influence the world as a good example for others to follow than it is to influence the world...

I think you are simply going to lose business over it. People will feel like they are forced to give to that specific charity. They will think "If I want to give, I`ll give personally where I can get credit for it", not to mention tax implications. Some people might not agree whit the...

QUOTE (invst4profit @ Mar 12 2009, 05:15 AM) If you are new at the business in Ontario you should be studying the RTA. You will need it. This is a good website to help suffering (all) Ontario landlords: http://www.landlordselfhelp.com/intro.htm

QUOTE (investmart @ Mar 11 2009, 10:48 AM) Hi All, I have a dilemma regarding a bowed wall in one of my properties (Triplex). One of the external walls is bowed, can clearly be seen from outside (it`s a brick wall, wood frame). The tenants did not complain about it and it has been like that...

QUOTE (wgraham @ Mar 10 2009, 09:55 AM) Does anyone who actually knows about currency Ok, not an expert, but... Our dollar is heavily linked to resources such as metals, wood, oil etc. When the prices and demand rises, so does our dollar. We`re all pretty sure the demant for steel, nickel...

QUOTE (BDFI @ Mar 7 2009, 06:32 PM) Applicant #2 - is a 60 year old single male. He is a friend of the basement tenant, I have met him before, he has excellent refrences and appears to be a quality tenant. He has also indicated that he would like to rent long term but only would like to pay...

QUOTE (EdRenkema @ Mar 8 2009, 04:54 PM) If you always want the best rate going you should have gotten a VRM altho many people are not comfortable with that. I don`t think that`s the case anymore. When it was prime -.5 then yes it was. At prime +.08, it probably won`t be too long before that...