QUOTE (aiden1983 @ Mar 23 2010, 11:46 AM) I believe there is a huge hole in the market when it comes to information access in regards to RE in Canada. If the Competition Bureau is going to help remove any of this dependency on Realtors then I welcome it. Even if this means that the buyer pays...

QUOTE (RedlineBrett @ Mar 23 2010, 10:44 AM) What you are missing is the buyer`s side of the table, which is a completely different job. .... While I dislike paying the big fee when I`m selling (just like most), I agree with Brett. Most buyers would want to work through an agent, but if every...

I agree with everyone here. Stick with your investing strategy. Sell if that was your plan prior to the new CMHC announcements: hold if that was your plan before. Do not sell just because of the new CMHC ruling! Rob

QUOTE (MarkTorgerson @ Mar 16 2010, 09:04 AM) Hi Mark Can you give an example of how this letter would read? Thanks Hi Mark, I`d appreciate a copy as well as I have to do one up for one of our T/B who`s buying us out in the next month. Rob

QUOTE (dwoychuk @ Mar 16 2010, 06:22 AM) Do you run into any mortgage concerns since they purchased as their PR? Thanks, Hi Dan, Any mortgage broker on here can correct me if I'm wrong, but there should be no problem regarding the PR becoming a rental unit, and would most likely not...

QUOTE (fumbrunner @ Mar 12 2010, 02:39 PM) Have you had any issues with tenants not wanting to do automatic withdrawls? If so, how do you address that? None have had an issue with it. In fact most of them prefer it as it saves them hassle of writing checks. We did have to modify the schedule...

I invested in a non-real estate opportunity promoted and recommended by Fast Track / Darren Weeks. A year later the company had disappeared (with my money mind you) and I am unable to obtain any info from anyone, including Fast Track. I am not able to speak to their real estate investments, but...

Excellent website! Looks very clean and professional. I`m already half way through Tales from the Trenches. Rob

QUOTE (fumbrunner @ Mar 12 2010, 01:59 PM) Do any landlords or property managers here use online sites for rent payments? Current processes seem to be a bit dated (ie..picking up payment, having tenants visit an office, etc). I have been snooping around but don`t really see any good CANADIAN...

QUOTE (Dnaiture @ Mar 9 2010, 10:21 AM) I was hoping you guys might be able to help me in terms of what sort of returns would a JV partner(s) be looking for to interest them in a potential deal. I had recently put together a proposal with a conservatively estimated ROI of 9%/yr with a...

QUOTE (ThomasBeyer @ Mar 8 2010, 01:46 PM) That`s a great rate for a VISA card. TAKE IT ! Will it go up if you don`t pay ? Is this for an intro period only ? Did you read the fine print ? What bank is that with ? I too would like to know bank and if time limit on this rate?

QUOTE (Millions @ Mar 8 2010, 11:12 AM) I should of mentioned the reason maybe. I already have a mortgage with scotia bank. It`s variable and I`m just trying to decide if or when I should switch to fixed. And if they can compete with the 3.7% some banks are offering. I just renewed two...

QUOTE (davepeniuk @ Mar 4 2010, 09:30 PM) Congrats Jim! It`s nice to see you have received your "shut up" cheque! We are in the process of buying a property, acquired due to our yellow letter campaign, in Nanaimo with $20,000 of equity in it. Sellers received our letter, have a very specific...

QUOTE (housingrental @ Mar 4 2010, 01:41 PM) Hi Cargen, Maybe it`s not that I`m negative but that I enjoy MMA more than the luge? OK you`ve got me there, cause I`m not sure what MMA is. Almost afraid to ask.

QUOTE (housingrental @ Mar 4 2010, 11:36 AM) For me, its meaning was limited to irritation that mma connected wasn`t available for a few weeks on tv. I`ll never think of the Olympics the same way again. Hi Adam, when you have a drink is your glass usually half full or half empty?

QUOTE (ToddStokowski @ Mar 3 2010, 08:22 AM) Based on the facts provided by Rob (in another thread) and using Thomas`s example above, this is how I see the treatment of the GST: On purchase: No GST paid to Vendor (since the Purchaser is a GST Registrant purchasing commercial property) Purchaser...

QUOTE (Cargren @ Mar 2 2010, 01:59 PM) Now that I think of it, I believe this is the way it works, I pay GST when I purchase the property. Normally I would fork over the full amount of the GST, and then claim an input tax credit for that amount and get reimbursed. However, this is a process...

here`s another good article I found http://www.practicepro.ca/LawPROmag/ShermanGST.pdf

QUOTE (Cargren @ Mar 2 2010, 01:31 PM) Hello Jacquie, Are you saying you didn`t have to pay GST at all on your purchases of commercial properties? Some time back I purchased land for building a spec home. I have a GST # and remember that I filled out a form so that I didn`t have to pay GST...

QUOTE (JacquieMillante @ Feb 5 2008, 09:38 PM) There is a form that is filled out upon closing that will cancel out GST filings if both the vendor and the buyer are GST # holders. I will find out the number of the form tomorrow and post it for your information. We have always used this form to...