There must be one out there -Every time I buy a building, I get letters from realtors -so they must subscribe to someone who collects data from land titles office

Congratulations -and happy holidays

Congratulations -boy you are lucky -ha ha- your hard work and determination is paying off!

I prefer using a lawyer close to where I live except when I am dealing out of province as there are rules about lawyers practicing in a different province

One can argue any point they want. The old saying "a man convinced against his opinion is of the same opinion still". There are no hard and fast rules of capital appreciation. In the Edmonton/Calgary/Sask area multi family building went up a lot faster then single family homes because of...

It is possible -talk to the tenants and get new leases signed up upon confirming damage deposit with the tenants

I agree with Thomas-larger deals are worth the extra costs involve, smaller deals are painful. You have to do a US return and a Canadian return, then you have to deal with withholding taxes etc. You need to get a US ID number.

now for my two bits worth- cash flow is a relative term. It is relative to how much greif it is causing you and what your long term plans are. Firstly, what do I mean by relative? Lets say you earn $100K per year. One of your properties has a negative montly cash flow of $200 -not enjoyable...

Hello Everyone Looks like might be a good time to set targets and get organized this year so that you will have time to spend on the important things such as relationships, making money, going to the gym and having fun -so here are thoughts for an action plan for 2008 8 Action Steps to build...

Lack of computer skills -damn accountants!

Hello Everyone For those of you who prefer to invest in Real Estate over RRSP`s and have taxable income less than $36,000 for 2007- you may consider cashing your RRSP`s in prior to December 31 to bring your taxable income to $36,000 to stay in the low bracket. Make sure they are not spousal...

At the begining of each transaction, I let each of the parties know each other -that way if there is a snag and they cannot reach me, they have an alternative phone number and some of the issues can be sorted out amongst themselves.

By saying you are opening a business bank account - I take it you mean you are opening a bank account for your Corporation - all the major banks cost about the same -they are a bit more costly and painful with rules.

Hello Brandon I suspect the rental vacancy in Edmonton is edging up - but Russ has a great article on renting your units out and great marketing strategies -read and follow his advise

Depends where the property is and how could you market the property -storeage facility? recreational?

Thanks Jayson -good to see the numbers -fun is in interpreting them. It will be a good test to see how each one of interpretes them. To me this represents about 1 year of inventory -especially if we add comfree listings. Unemployment numbers were a little higher as well. I suspect vacancies...

I think that may be a bit on the higher side -have you discussed with the lawyer? Have you discussed with other lawyers in the area? Are there any special circumstances?

Side deals and cash are very dangerous -stay away from them. All should be upfront. In the past when selling a property -I would specify a bonus to the selling agent or listing agent. For the buying agent, you can just write them a cheque -I have paid $500 or $1000 or it complicates the...

Nice to see some humour in this place- ha ha!

Generally I like to see 4-7 % -Ontario has traditionally been a bit higher on the cash flow aspect. Having said that, I find when I buy a place, the previous owner typically does lipstick work and leaves deferred maintainance behind -so the first couple of years, my cap rate is negative.