Hi. I need some help and would like to hear your opinion. Infos out of the nutshell: - Just purchased a 5plex. Closing 3rd February. - Old landlord does not have written rental agreement with the tenant - Wrote introduction letter to tenant (5th) that I will pick up rent on 15th at 7 p.m. and...

Neil, thank you very much for the link. I hope that the main page will be online soon again. I bookmarked it and will give them a call tomorrow.

I just found this great thread and wanted to push him to the first page, so other new forum members can read/find it easier. One question to invst4profit regarding his posting: QUOTE (invst4profit @ Jun 12 2008, 07:45 AM) ..... Remember in Ontario when a tenant gets 3 N4s on there file the...

Hi. I found today https://www.landlordsinfo.com and am quite curious about their quality. Anyone here has any experience with them? Thank you.

Ohhh. I forgot one thing, which is extremely important to me: Was the fire department there and did they make a fire prevention inspection? I asked for that and it was some sum to be invested to get it done (which they did). Regarding your question, how the negative CF came: I think he did...

I learned once from invst4profit that the monthly rent should be min. 1% of purchase price, otherwise it is not interesting for him. I just bought a 5plex and am happy to have there 1.35 %. Location is important. Do you want to keep it long term or do you hope that it will go up in 5 year...

Hi.I assume your rental unit is in ON: You wrote: 1) Lower the rent by $100/mo. Change the gas bill name to the tenant entirely. 2) Ask him to sign a new lease with rent increase (however bounded by rent control in Ontario). I still pay the entire bill. 3) Keep the current rent. I pay the...

I talked a couple days ago with a friend of my family. He had to admit, that he was a "lazy investor". He bought a condo in 2001 and forgot to increase rent since this time. The tenant payed always on time. I emailed him the links and infos I learned from here (thanks again) and got today his...

QUOTE (OlegP @ Feb 3 2009, 01:08 AM) Thomas/Neil: Thank you for your explanation. I finally got it now!! Thanks from me too. I enjoyed reading this informative thread. Best regards, Alex.

My copy arrived today and I will start reading it a a few minutes..... happy week end.

QUOTE (johnny @ Jan 30 2009, 08:52 AM) ..... The eco-energy program can give up to 10,000 in rebate to help pay for energy improvments. Here is a link for a company in the sudbury area that runs the eco-energy program. http://www.canspecinspection.com Take care John Miller The link is...

A couple weeks ago we had -43 Celius (real 43) for four days in a row. Usually we have have around -20 Celsius and are used to such a billing amount in Winter. We changed the boiler to a high efficient one a couple months ago- I noticed a drop of 20-30% in the bill. Sudbury is about 1h west...

QUOTE (wtoews @ Jan 27 2009, 06:48 PM) If there were 2 properties side by side and one had a legally suited basement, how much more would that be worth?....... Sorry, Newbie question: Could this be called a Duplex, if it has two legal apartments? Or is a Duplex differently build? Best regards...

I leave the others to answer your questions, but wouldn`t invest all 2 Mill.$ in RE. Diversification would be very important to me. Right now I would 60% RE, 35% stocks and 5% GIC. Best, Alex. PS: Some donation would be a nice thing to do if getting 2 Mill$.

Thank you for the detailed infos, Thomas.

QUOTE (Dan_Eisenhauer @ Jan 22 2009, 01:35 AM) What is an Accredited Investor?... I asked myself the same question and googled for it. Wikipedia said this. On the other hand, dealing with an Accredited Investor should make it easier for the thread starter, because knowledge wise there maybe...

Navaz. Thank you, I got your point. If I replace old laminate with new laminate- it is a repair. If I replace old laminate with carpet it would be improvement. Talking about windows: This means I would have to replace my wooden windows again with wooden windows, because using any other kind...

QUOTE (thomasbeyer2000 @ Jan 21 2009, 11:01 PM) ......The key issue is: someone who has the down payment but not the credit (otherwise they would buy and not do a lease-to-own). This is usually an immigrant or a person who had credit problems in the past ! Hence: screening is key .. a 2nd or 3rd...

QUOTE (thomasbeyer2000 @ Jan 21 2009, 11:31 AM) yes .. but you could choose to capitalize the improvement and then amortize over the life time of this improved asset (say a roof, or a new set of windows) .. but some argue (supported by case law) that even a brand new roof (for, say $25,000) to...

You mean 100% same year? ....Current or operating expenses are recurring expenses that provide a short-term benefit. For example, a current expense is the cost of repairs you make to keep a rental property in the same condition as it was when you acquired it. You can deduct current expenses...