Good evening, All good information. Feel free to use our checklists as appropriate at http://www.dubeandassociates.com/resources...checklists.html The checklists are updated annually for your benefit and meant to be a reminder of possible deductions as compared to a statement that deductions...

QUOTE (arroy @ Oct 13 2007, 01:01 PM) I am a 23 year old with a job near For Mcmurray working on shift. I live in calgary but am not home a lot. I was wondering what the laws are preventing me from buying a house, living in it for six months then moving out and renting it out? Is this illegal...

Good morning, As you indicated you have a variety of options and there are a wide assortment of factors to consider that will be critical in this analysis. I highly recommend discussing this with your accountant as he/she will in a much better position to advise you since they will have full...

Good evening Rob, I`d be happy to briefly discuss REIN with you if you like. If you`d like to discuss, please send me a message by clicking on my name and providing me with a phone number and a couple of suggested times on Friday/Monday that we can speak. Warm regards...

Good evening Al and everyone, Note that this is a very confusing message I`ve written for reasons I expect given my position you can appreciate. If nothing else, skip over all but the bold sentence. Please, please, please use extreme caution when employing the Nevada company and similar...

Good evening Greg, I expect that your accountant and you are talking about the same thing but using different terminology. The "mortgage reserve" is used to calculate the amount of the capital gains deferal that the vendor may be eligible for. Effectively, the larger the vtb, the more that...

Good morning, While there are different software programs out there, for the majority of investors we find that the Quickbooks series of software provides the best value. While not without disadvantages, it is difficult to complain about given the price point. We recommend using the...

Good afternoon Elisabet, In my mind the membership fees, regardless of whether or not your are incorporated, are deductible business expenses. Your accountant in my opinion is correct to bring up the investment vs. business question. It is unclear in my opinion as to the deductibility of a...

Good afternoon Gene, If I can quickly add my two cents, I agree with asking your accountant. They may prefer/suggest a particular methodology that fits best with your particular situation. Your accountant may also be reflecting the JV in a couple of different manners on your financial...

Good morning Luciana, I am an accountant who does invest plus my largest client segement is real estate investors and thus believe that I have some knowledge of this topic. That being said, my opinions are just that, opinions. While I have very detailed reasons for believing investments...

Good morning Greg, Don is absolutely correct regarding the capital gains reserve. Be careful though that the sale qualifies for the this reserve. A variety of sales are regulated to a shorter 3 year reserve. There are some catches that typically are not an issue, but occassionally spring up...

Good morning Denzal, I typically don`t see GSA`s due to real estate purchases unless they have been put on the company by the owner(s). Generally the mortgage itself and personal guarantees provide adequate security. The GSA`s that I see are more typical for corporate lines of credit/non-real...