QUOTE (RobWatson @ Apr 19 2009, 06:38 PM) i can click and get the audio file however, i can`t seem to copy the audio file over to itunes. Clisk the download link in the pdf file and then select `save` and choose to save the file in your My Music or your iTunes folder. Then on your next hotsync...

Go to City Hall with the legal description and municipal address of the property and ask all the questions required in your due diligence on this subject. Tell the Seller you intend to do this and ask if they have any documents that would help you in this. If they aren`t telling the truth it...

A couple of suggestions for REIN techs- 1) Adopt a consistent naming protocol. Begin with 'REIN' and then name the specific file with the same format every time. This will make it easy for members to download and listen to your excellent recordings. 2) Ditch the requirement in the...

To add to Chris` info, your new files will always automatically appear in your iPod after you sync it with iTunes if you download your new files to your iTunes folder (usually located within your My Music folder) or to a sub folder of your iTunes folder. That makes it simple and automatic. This...

QUOTE (Eddy8899 @ Apr 15 2009, 06:06 PM) Do the lenders typically calculate 1.1 on a portfolio of 3 properties or more or do they do it on each property? Is this something the mortgage applicant needs to bring to attention of the lender? I am closing my 3rd property next month but I would like...

Is there not a financing condition in this purchase contract? If there is, then see if you can get a mortgage. You might not qualify. If you cannot then you are off the hook. You would normally need to be refused in writing by 3 lenders.

Dan is right on here - it is about your intention. You know what is right. It is leaking out clearly from your posts. You know what to do.

QUOTE (nepoez @ Apr 11 2009, 05:17 PM) Thanks for doing this! However, the link isn`t working! Worked for me...

QUOTE (investmart @ Apr 11 2009, 06:27 PM) Thanks Navaz. You pay tax on 100% of the annual (net) income and only on half of the capital gain! Therefore, isn`t that another good reason to take CCA from the beginning in addition to the reason Garth mentioned? I guess one exception is if initially...

Try calling the REIN office on Tuesday. They may be able to connect you with someone experienced down there. In the meantime dig out the material that Don gave us all when he made a presentation on buying foreign property (sometime in early 2008 I think), and get a copy to your parents to get...

We have never taken CCA in the past, but will do so beginning next year, as it seems to me that inflation will make that a good investment, ie the money in our hands now will buy more than it will in the future when we sell.

QUOTE (investmart @ Apr 10 2009, 01:08 PM) Hi Garth, Do you mean an inspection should have been done by a structural engineer in addition to the opinion I got from the certified home inspector during the regular home inspection? I`m not really concerned about safety, just curious if in most...

QUOTE (thomasbeyer2000 @ Apr 10 2009, 04:43 PM) Winter was unusually cold in BC .. so 120 on average means $300 in winter + deposit of perhaps $200. Our recreational property in Invermere BC had heating costs about 2.5 times the normal for Dec and Jan this winter. I think Jan was about $500.

QUOTE (thomasbeyer2000 @ Apr 10 2009, 04:31 PM) R&M includes minor repairs, such as carpets, paint, new door locks etc. ... but not new roof, new windows, .. but this is s.th. you WILL be paying for in time .. and as such expenses usually BY FAR EXCEED 50% on an older property that is being...

We don`t ever answer the question "how much do the utilities cost?" The range is far too variable, and we don`t want the tenants to make us in any way responsible for the size of those costs. Since you are in this now, you might want to check yourself what the neighbours are experiencing and...

If you are concerned about safety and/or liability, then have the inspection done. It really should have been done when you bought the property. Most of us do not know enough to do effective building inspections ourselves.

QUOTE (invst4profit @ Apr 10 2009, 10:26 AM) C2Ventures & RedlineBrett: Both of the examples you have given do not apply to the 50% rule now simply because you have not owned them long enough. This formula is used to estimate long term hold expenses which is what REIN advocates. You have not...

More lenders use a rent offset calculation rather than the DCR calculation that you are referring to. TD and CIBC use the DCR and both now require 1.1 income to expenses ratios, although they calculate them differently. Some others use 50% of the rent and add back the mortgage payment to your...

QUOTE (thomasbeyer2000 @ Apr 9 2009, 06:39 PM) one could argue .. one should argue .. I argue that AA properties take even more $s to repair than expensive AAA properties .. so 50% is a good start for properties where utilities are paid by the landlord .. it would be around 35% for houses where...

QUOTE (caglah @ Apr 9 2009, 11:00 PM) What interest rate and amortizations are these assumptions based on? The 50% allowance for expenses is BEFORE the mortgage payment. The concept is that the 50% remaining after expenses is available for mortgage payments and cashflow to the owner.