Hi, Has anyone used Internet fax or "virtual fax" where you get a virtual fax number (1-800 or local) and receive/send fax via email or online? Any recommendation? Thanks. Lucas

Hi, My tenants (now ex-tenants) did not pay August and September rent (I did give them N9 on the date of no payment, and I was about to file to the board). They did an overnight move on the weekend, and now the unit is empty. From their facebook wall, they`re moving back to North Ontario...

Hi, Is there any plan to offer the training in Edmonton on Aug 28-29 to Toronto some time this year. Thanks, Lucas

Hi, As the buyer, I paid for the home appraisal, funded the down payment to my lawyer, my bank has advanced the mortgage, and home insurance arranged and paid. However, on the date of closing, the seller`s lawyer informed my lawyer that the seller cannot close the transaction because there is...

Hi, For example, I spent $30K cash to close a rental property recently, and now I decided to write myself a cheque from Home Equity account for 30K. Can I expense the interest on the Home Equity against the rental income? My gut feeling is it`s deductible, as long as the borrowed fund is...

An agent on the phone (PC Insurance) said tenant`s insurance is very important (we all know that). However, he added that landlord should pay the tenant to carry it (if the tenant insists no having one). The reason is that if the tenant has no liability coverage, and if someone sues them (for...

Hi, I have a renovated unit for "rent" or "rent-to-own". A gentleman called me yesterday, and he said he`s interested to rent with his family. His credit was bruised due to previous business loss, etc. Now he has a good truck-driver job with $800-1200 per week. He can come up with first and...

Hi, I understand that a lot of real estate investors have a separate account (or accounts) for their rental income/expense. After a while, the money will build up (hopefully). Is it OK to take out the money from rental/business account and transfer it to the personal account? Cheers.

Hi, I live in Ontario. If I want to to lend out RRSP or non-RRSP to a borrower in another province (for example, Alberta) as a private deal, do I need to go through a mortgage broker? If so, does the mortgage broker have to be in Ontario, or can it be other province (ie, Alberta)? Thanks.

Hi, I am presented with this sandwiched RTO deal (single family) in Gatineau, QC, 20 minutes from Ottawa. The return is 24%. The RTO agent (in the middle) will receive $1250 from the tenant-buyer (hence $200 x 36) = $7200, and the 3-year Option price of 163,000 (hence rare-end profit of...

Hi, I am planning to use RTO as my vehicle for my next purchase (likely through some RTO service agents). I understand that most maintenance work is to be done by the tenants-buyers. But do investors feel comfortable for RTO properties that are outside their own town/city/province? One of my...

Hi, My rental unit (condo townhouse) was on fire this afternoon. The kitchen was completely damaged, and the living room and bedrooms upstairs were smoke damaged. My insurance and the condo board insurance will work to get this fixed. The unit will need to be completely renovate in the next...

I received an opportunity for investment (1-year term). A developer in Oakville (Ontario) has secured a large plot of land. They are in the process of sub-diving two of the lots enabling them to build four semi detached houses on these lots while building a few single family residential...

I received an opportunity for investment (1-year term). A developer in Oakville (Ontario) has secured a large plot of land. They are in the process of sub-diving two of the lots enabling them to build four semi detached houses on these LOTS while building five single family residential...

Hi,I got an inquiry about RTO from an interested tenant-buyer in Ottawa. Background about the applicant The applicant (she) works in the Fed Government since 1989. Her husband had major surgery last year and was off work with barely any income. She was alone to pay 2 mortgages, heat, hydro...

Hi, My tenant said that the kitchen stove is not reaching the set temperature. He found the lower heating element (for baking) is not turning red. He tried to replace the fuse at the top of the stove, but it didn`t fix the problem. Could it be that the heating element needs to be replaced...

Hi, Is anyone experienced in setting up a debit account for monthly money collection, if the other party has given me a void cheque? How much does it cost? Thanks.

Hi, Has anyone successfully downloaded the Bonus Audio files? I downloaded the PDF, and clicked the iPOD logo, but it has never been successful (for the past two weeks). For example, I tried "22 Secrets to Street Smart Negotiating". The PDF files points to...

Hi, My previous tenant moved out March 31, and the new tenant moved in on April 17. They were/are both responsible for their own bill. Today, I got a Hydro bill that I need to pay for the small usage between March 31 and April 17, plus the account setup fee. This is unexpected (although...

Hi, I called RBC today to ask to lower my monthly payment (on variable P minus). After waiting for more than 45 min, the rep said first I cannot do it, because I haven`t made any additional payment. I said he didn`t make sense, and he looked further. After 20 min calculation, he finally...