I have owned properties up north and empty buildings are very expensive to maintain, manage and to heat.
An empty building with no mortgage is very expensive. As Thomas mentioned even a building for a dollar may not be a good deal.
There is obviously A reason why this building is in...
It is unfortunate when the rents no longer cover your expenses as you had hoped when you purchased the investment.
I recognize that you have mentioned it is affecting your families cash flow.
A question is, is there any/much Equity in the property?
I believe you could joint venture this...
First of all, congratulations on owning 12 units. Obviously it sounds like a good move to make, buying the new property. It sounds far more suitable for your young growing family. One of the advantages to being a land baron is to be able to have the best home possible for your family. Another...
At the current time they have opted not to charge this tax in Victoria, similar to Chilliwack and Whistler. Once the government recognizes how profitable the tax is, and that implementing this tax to other growing regions may slow down rising house prices, there is a strong possibility they will...