Hoping to get some direction on the structure of a rent to own deal. I read Loefflers lease book but left some gaps in the deal structure. Specifically how/why he charges monthly rent on some factor of .008-.0095 of the sell price. To be honest, the book never explains any rationale behind...

WOW! That's big news alright. Thomas, we share a similar background somewhat as I spent 25 years in IT related work until I just got fed up with working for someone else. I've seen IBM 3084/3090s and the introduction of the 8088/86 286/386 PCs, worked at host of software companies that...

Be nice to include Newfoundland in Canada? We've been here since 1949.

Since I never got the quick answer I wanted from the forum, I decided to call CRA directly and asked them what their requirement would be in such a situation. The answer: My side agreement simply needs to reference the buyers name, house sale price, the rebate amount, and that is it. I...

I fail to see how me taking care of my own retirement vehicle, and helping it grow 30-50%, would be somehow considered unethical or wrong. Perhaps someone can offer an example. Why would I want to take my hard earned $30K and stick it into any RRSP that some desk jockey manages, and takes...

I think I found my answer but perhaps you can enlighten me. I was hoping to use one of my own housing investments sheltered in an RRSP somehow. Makes sense to me that I lock a personal investment into an RRSP and keep it till I retire, while enjoying a tax benefit. I understand I...

Thomas, forgive my naivete but your response seemed to imply a self directed aspect to mortgage RRSPS. I am particularly looking for a self directed RRSP (real estate based) that I can manage myself, like new construction, but hold inside an RRSP to reduce my tax lability. Does anyone on the...

Buyer wants to offer me full price on sale with a side agreement offering a rebate of $15K for repairs and renos- plus some moving expenses. He is doing this to be able to put 20% down, using my rebate. How can we structure to saisfy my tax implication? Either get a receipt for the work...

I wanted to bump this thread as I am interested to see what others on my situation are doing, and what the consensus is. I own 5 homes and my insurance currently is around $670 a month for all properties. $500 deductible. I can reduce this to $576 if I go with a $1000 deductitble. If I had...

I have a contract stating the monthly payments will be $2100 for 36 months with a $350 credit. Tenant buyer wants to pay a lump down of $20K in February from here forces pension. I told her we could renegotiate terms at that time for a revised 12 month term to the following February (2013)...

My client wants to give me a larger down payment ($20K). How should this affect the monthly payments? I have quoted $2100 over 3 years with $350 credit. Think my client would prefer a shorter 18 month term. I have no problem with that, but need to know how to re-structure the monthly...

Yes I want to sell the property and find the right tenant / buyer. I already have one home under contract in the same area (of Newfoundland). But a lot smaller and older, so can't really compare. When you say leave a little on the table at the end, what exactly do you mean. Keep the...

Jonathon, I am an investor in Newfoundland. Currently looking to lease option my 5th home. Have several partners interested in new developments. Inivite any REIN members with an interest in NL investments to contact me. Tony

With real estate, I can manage my own portfolio as opposed to have it controlled by circumstances beyond my control. Know what is a good deal in housing as opposed to predict a stock value may increas. Sure, I can learn about being able to read a companies financials, but I am still left...

I have a new home with a $220K debt. FMV is $295K. I'd like to offer it on lease to own. What are reasonable terms in my situation? What is reasonable cash flow to expect? Regular rents would be around $1700 per month. A mortgage on $295K at 5%, $300 taxes, and $150 insurance runs around...

Please excuse my ignorance here but when you buy / sell a new home fo you pay sales tax? Suppose I built a home, then sold it. Does the buyer pay sales tax (HST etc.)? Suppose I took the same house and rented it for 18 months. Then decided to sell it. Does the buyer pay sales tax? If...