My mother-in-law has some property in Asia which she would like to gift to her daughter. 1) Does she need to declare this/these gift(s) of property to CRA? 2) if the property value is above 100K is there any difference if it is income producing or not. 3) What are the circumstances that foreign...

Hi Margot, I have a number of Aussie friends that live in in or near the major centres of Australia (Sydney, Melbourne, Adelaide, Sunshine Coast). As you will undoubtedly discover, Canada is a relatively inexpensive place to live by comparison; and when it comes to real estate, Canada is by...

Thank you all for your feedback. Problem solved as we now have the necessary funds, as well as a fantastic builder to manage the project.

Just finished Richard Dolan's "Wealth Mastery Playbook." Thank you Richard! What a great read and I'm going in for seconds!

Hi all, I was very lucky to find a wonderful vacant and sub-divided plot of land in the highly desirable East End of Barrie, Ontario. I am preparing to build a high end duplex on each of these plots. Now that my architectural designs are complete, I have sent the drawing out to 3 interested...

Hi Gary, I notice your company is called Phranang Pinnacle Properties. Is their a Thai connection by chance? Phranang sounds like a Thai word (my wife's Thai). Hope you don't mind my curiousity.

Thank you Gary for you feedback, it is much appreciated. The property is located in an area where there hasn't been much capital appreciation but very good cash flow. With a large deposit already available and obviously with money to spend on renovations (upgrade the kitchen which really...

Thank you Sherilynn for providing me with some great points to consider. I am not too concerned about this family switching to a buyer's mentality as they were home owners in the past. Unfortunately circumstances required them to become tenants for longer than they intended. My wife and I...

Thank you Thomas, I took your advise and drafted up an agreement using the templates that REIN provided and submitted it to them for comment. I am still haven't received a response but I do expect one shortly. My hesitation was based on my lack of experience in this area, nevertheless, you...

Hi resident RTO experts, I have a question that I am hoping you can lend your expertise to. I have a rather unique situation where my long-term tenant (4 years and counting) would like to purchase our home. We’ve had preliminary discussions on the subject and it appears that the concept of...

One should never underestimate the ingenuity of the Chinese when it comes to finding creative solutions to challenging problems. It appears to me that whenever the Mainland government attempts to impose stricter measures for investing, this actually induces those with the capital to invest to...

Right now the 10% correction can't be seen as a collapse. Having lived in Hong Kong and survived the massive drops in 1997/98 and again in 2003, I would call this a much needed dip. Prices are still up over 60% from when I sold my last unit in 2009. My colleagues in China, specifically...

I was wondering if I could get the full article or is this it?

Hi Sherilynn, I know this thread was written years ago, but I stumbled on it today and would like to clarify something if I may. From my understanding with Thomas's 3 examples, the investor only had $1 mil to invest, is this not correct? If so, then doubling down with $2 million would not be...

Fortune Magazine and the Motley Fool recommended "sellmytimesharenow" as one of the better companies to use. I've had my timeshare on their inventory list for ages but thus far no takers. If memory serves me, the cost of the service is $1000. We still manage to get some value out of our...