Godfried - seems your reply got eaten by the filters(?)
Also, Thomas, I appreciate the input. The properties I currently have are either multi-family or suited.
Would like to step it up into commercial, etc. but before I do I`d like to know the "game" a little better.
-Chris
QUOTE (invest4life @ Oct 21 2009, 09:44 PM) Hello everyone. We`re new to real estate investing and are working on building our investment `team`. Can anyone recommend a savvy commercial lender or broker in the Victoria/Duncan/Nanaimo BC area? Second, on a property such as a mobile home park...
Hi Everyone - thanks very much for all the responses and help...So I guess there`s a few options, then:
1) Extend mortgage(s) at renewal to restore the principle vs interest tax equilibrium
2) Claim CCA each year to reduce taxable income by increasing loss
3) Refinance to accumulate further...
Hey everyoneWell, I guess this post also doubles as my first post as well, so here`s a very brief introduction of myself and my relatively inexperienced background in real estate:
The name`s Chris, I`m 25 and I hail originally from Lloydminster (Alberta side), but now much-more-happily residing...