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Recent content by cmontminy

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    Can I buy land with my corporation and lease it to myself

    I have a corporation (sole proprietorship) and I have some money in it that I would like to use to buy land. In a few years I would like to lease that land to myself and build a personal house on it. So can I lease land from my corporation? Is it something that can be done? Would you...
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    Move-In and Move-Out Inspection Reports

    Lesson learned. Expensive lesson but now at least I know the importance good screening.
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    Move-In and Move-Out Inspection Reports

    Good Day I made a rookie mistake. When I rented my house in 2009 I didn't complete a move-in inspection report with the tenant. Now 2 years later I ended with a soiled, unusable, damaged house that has more damages than what the security deposit covers. After googling for some answers on...
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    Fort Mcmurray Condo

    It is a newer 640 sq.ft. 1 bedroom condo built in 2009 in the development called Eagle Ridge . I set the rent at 1800$ after looking at comparables on kijiji in 2010 when I decided to move to Edmonton and rent the unit. I never thought about selling it until my tenant offered to buy from me...
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    Fort Mcmurray Condo

    I own a condo in Fort Mcmurray currently rented at 1800$ month with the lease ending in April 2013 Mortgage Payments are 772$ / biweekly including property taxes Condo Fees 267$/month So my rent basically covers my expenses but does not generate cash flow. My tenant is offering me to...
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    corporation renting to another corporation

    Can I form two different corporations. One that owns a house and one that do oilfield work. Then have the oilfield corporation renting from my other corporation owning the house. I own a house in Cold Lake which is currently rented to a family as I now live in Edmonton. I have been offer...
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    Sources of money for down payment

    Does it make sense to withdrawal money from RRSP to use as a down payment? This withdrawal would not be under the Home's Buyer's Plan as I already used it to purchase my 1st property. I own two properties right now that are rented out; unfortunately with no cash flow and very little...
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    HELOC - Rental property

    Is it possible to use the equity on a rental property to use as a down payment to purchase another property? What are the regulations on this?
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    Financing my tenants

    Is it possible for the owner of a house to finance its tenants so they can purchase the house? If my tenanats do not have the 5% down payment required. Can I lend them the money ?
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