Hi Real Estate Gurus, I ask you help to clarify me the cash flow question and taxes on cash flow. For sake of simplicity let`s assume the following: Rent: $1,000 Mortg Interest: $300 Mortg Principal: $300 Expenses: $300 CashFlow: $100 Sounds great? Sure, as REIN teaches us I have a $100 cash...

Hi all, I have a tenant who rents an unfurnished room in the basement, all utilities included. He has been renting for only three months but already 4 ceiling bulbs had to be replaced. He keeps asking that I buy the bulbs for him. So far I did, but it gets annoying. I looked into our rental...

Hi All, what is your deductible on home insurance. I mean rental of course. I have a single and duplexes with $500 deductible. Should I move up to $1,000 to save on premium?Those who with Meloche Monnex, do you have a bronze or silver package? What is your suggestion for rentals, does it...

Hi all, My wife and I are jointly (50/50) owing an investment property (a duplex). She does booking, accounting, and helping with property management and painting/cleaning when tenants moved out. She is in much lower tax bracket then I. 1. Can we write off her labour costs from the property...

Hi fellow investors, Is anybody using Teranet (through GeoWarehouse) to get sales history, land registry, MPAC? It seems for $25/report it is possible to obtain info which realtors get. thank you, spark

Hi Toronto landlords, My tenants start to worry about piles of stinking garbage. They want me to take care of it. What are you going to do? Property taxes are still due despite the fact that garbage is not collected and daycares/libraries/swimming pools/ferries are not working. thank...

Hi respected JV investors, I am about to present my first JV deal to a money-person who looks interested to invest with me. It is going to be my third income property, but it is the first JV. I want to make deal as sweet as I can for my partner, I think he is a gateway for many deals to follow...

Hi highly respected investors, Can anyone suggest a good home inspector for a residential property in North York (Toronto). I just sent an offer and might need an inspection this week. You can PM me or write to ******(@) gmail.com. Thank you very much! ****

Hi all, I am a beginner and seek advice of experienced RE investors. What do you mean by "lowball offer" in the present market. Particularly I am interested in Toronto. Let`s say I see a semi in North York for 420k, what would be a low ball. 10% off, 20% off? more? Thank you very much, igor

Hi all, I am a beginner investor, just looking for my second investment property. Yesterday I tried to see a potentially interesting house and the seller`s relator said he would not show me the place unless I disclose how much downpayment I have, show him preapproval for the listed price and...

Hi all, I just got a rental application from person who just came from US. There are several reg flags like: he needs immidiate accomodation, he is a self employed. Is it anyway to do credit check for an American citizen? I have his US SIN number, date of birth. Any other potential problems to...

Hi all, I need to replace kitchen for a rental unit. Need wall cabinets, sink, countertop, dishwasher etc. (exept fridge and stove), about 4 meters long. Where do you order yout kitchen? Where is the best price/quality ratio. I think I will stick to simple inexpansive colors (white). IKEA looks...

Hi respected REIN members, Could you please elighten me why REIN membership is so expensive. Paying 3500 for 17 months sounds as too much for a beginner investor. Why there is no option for one month trial membership? why the minimum membership is for only 17 months? No option to cancel within...

Hi respected members, I am a new landlord in Ontario, just bought 3 units. 2 units will be vacant at closing. As it is now the utility costs (electricity and hydro) are in the landlord`s name and included into the rent ($500 per unit). When I did inspection I noticed that the tenants waste...