QUOTE (Mvarga @ May 20 2010, 02:13 PM) I have read Thomas mentioning that rent to owns are not the best thing to do for your first investment, however i would be looking to have a rent to own company provide me a tenant and merely be the investor, so I'm not sure if this will be possible while...

CRA doesn`t allow you to expense your own labour. There is specific mention of this in their bulletin on eligible expenses. However, you can pay a family member for their help. If you have a family member who helps out and has low or no other income their efforts will be tax free up to personal...

Basically she has decided to make up her own rules for leasing your apartment. What does this imply for your future interactions? Is it worth the hassle?

I think you know what to do to get the info, but are really asking how to filter good deals out of the pool of deals without info. I don`t know of any way to get to the answer without the info. It would seem that they are screening themselves out. You can tell the realtor no info no deal but...

If you are buying well-built single family homes, major repairs start in the 15-25 years old timeframe. Some would say this is becomming shorter all the time due to lower quality. Shingles tend to fail about this age. Best thing to give long life to a roof is proper ventilation, as hot attics...

Hoping to hear from landlords out there with student housing on viability of coin-op laundry equipment. The property has a standard washer and dryer for twelve rooms. I can`t see the point of offering them at no charge for fear of abuse of utilities. Don`t need people inviting their friends for...

QUOTE (MikeMcCrae @ Apr 19 2010, 04:22 PM) At this point in time the advantage to a seller is if their mortgage was to be assumed then there would be no early pay out penalties. The saving could be substantial. This is something to keep in mind when doing up your offers. Looking at this from...

Does strategy B work anybody? I would have thought that they would want an explanation of the debt. Wouldn`t they net out the cash with the debt?

Why do your tenants think you are the authority on their geneology? Why would Shaw defer to this questionable authority? Surely the tenant`s own ID documents provide far better authority for family connection. I`m surprized Shaw supports one bill for multiple residences regardless of their being...

QUOTE (gwasser @ Apr 9 2010, 02:48 PM) when you run a REIN type of real estate business, where you also spend time managing and administering the place, replacing toilets etc. Then you are not investing. You are running a business and you have now two forms of income: compensation for your work...

QUOTE (ThomasBeyer @ Apr 2 2010, 02:44 AM) about 1% over 5 year GofC bond rate .. which is 2.8 to 3.0% .. so 3.8% to 4.0% right now .. assuming with CMHC .. and 1% higher w/o ! Thank you Thomas!

A couple of thoughts to consider if you chose not to sell your former principal residence. I have heard that if you retain ownership of your former principal residence you can prorate capital gains based on the years it was your principal residence when you finally sell; please check with your...

What rate is still possible for a 5 year 6+ unit residential mortage? Any guidelines to recognize a deal? Thx

I`m thinking bad rent checks won`t be a problem. lol

I hope that you have owned a home before you undertake this project. There are a multitude of choices in terms of layout and materials and it helps to have some experience behind you to make these decisions with less deliberation and being sure the end result will be what you want. Once you sign...

QUOTE (philipluk @ Mar 26 2010, 07:18 AM) Has anyone attended the Poor Mom Seminars? Her name is Savannah Ross. I have not attended her seminar but listened to her speak for an hour about six weeks ago. She tells a story of her family`s financial collapse and rebirth. Her son is seriously sick...

QUOTE (rogercote @ Mar 22 2010, 09:39 PM) I am looking at purchasing a condo in the US and want to know how the rules of ownership for foreign investors would affect me now or when I sell. It was mentioned at a REIN meeting that if you own property there, then a person is classified as a US...

QUOTE (luckyluciano @ Mar 23 2010, 07:45 AM) There are already 2 detailed threads on this topic.<br />Thank you for the update but the full change is that CREA Is allowing agents to charge a flat fee and pass along the sellers information. The flat fee part has been attempted for many years and...

FYI Heard an update on CBC radio today that some may be interested in. 300 CREA members met in Ottawa today to consider what action to take. It was said they voted to establish a flat rate for listing a property on MLS in an effort to placate the Competition folks. Details were few. No costs...

QUOTE (Donco @ Mar 15 2010, 12:48 PM) I need a good clasue to put in my offer to purchase for buying a six plex in Ontario. I want to ensure that it is retrofit for fire and also is there a way to ensure that the electrical is ok. If we call in ESA it gets quite expensive. Thanks in advance for...