No Joe. I'm not referring to your initial post. I am responding to Wade's. Sorry, I should have quoted him. Read his post again, and then my response. It will make more sense Nik

Even Don Campbell talks a lot about investing verses speculating. His ACRE system has very little to do with gut feelings or hunches. It's all about research and analysis. Once you do all the math and answer all the questions, you make a decision based on those facts. The hunch, or whatever...

The mastermind speaker sounds like he's watched too much Oprah. Winning a car is lucky. My friend's wife just won 3.6 million in 649 last week. That was also luck. The probablility of either win verges on random chance. Him knowing that he was going to win was purely a hopeful emotion and...

Thanks Michael and Thomas. Those are the types of answers I'm looking for. I'm looking to see how others are doing it and the rules they follow. OPM seems to always be the answer that is quoted; maybe because it is the answer, but I am more interested in how individuals are growing their...

As I continue to grow my portfolio and design my plan for continuing its growth, I've started to wonder how others are doing it. If you are willing to share your rules for yourself when pyramiding (using the equity in your buildings to help you purchase more), I would appreciate hearing about...

Either Rod Peeler or Troy MacDonald from Remax. Nik

I was thinking about converting my 4 plex to Condos and selling them off. The condo market is still pretty good here in Winnipeg. I have a mortgage of about 290k on the building. Each door cashflows $150 per month net. Each is a 2 br unit and could sell for $150k to $175k each as a condo...

QUOTE (andrewi @ Nov 25 2010, 11:09 AM) Thanks Michael, I probably will do max 3/4 in 5 years. I did mention my rates at RBC to the broker and he is now looking around to see if he can match it elsewhere. He doesn`t get anything if I go to RBC. For one, he`s checking National Bank now. Lets see...

QUOTE (ThomasBeyer @ Nov 12 2010, 09:50 PM) why ? If you add $40,00 to your RRSP .. and get a 40K tax break, thus $16,000 in reduced taxes for a net investment of $24,000 .. the worst is that you have to repay those taxes when you take it out. Even if you do nothing you get a 66% profit...

I`m about to open a discount brokerage account and do some trading / investing. Wondering which vehicle is better? I had been thinking that since I have lots of room in my RRSP and it would be good to save on taxes now when I need cash, the RRSP might be be the way to go. I`m a public school...

QUOTE (bizaro86 @ Nov 12 2010, 03:05 PM) That is the conventional assumption, but I question why anyone would plan to have less money later than they have now. I certainly plan to have my income be higher in retirement than it is now, since I plan to travel more, etc. Other may have a different...

QUOTE (gwasser @ Nov 12 2010, 01:32 PM) I suggest you use your RRSP to get a tax refund next year and use the refund to invest in a TSFA (tax free savings account). RRSPs have the disadvantage that you are getting taxed at your top margin rate for every withdrawal. So in the very end you do pay...

QUOTE (ThomasBeyer @ Nov 9 2010, 10:32 AM) why ? debt for cars or vacations: YES debt @ 3% for invest property yielding 8% --> worth considering !! When it comes to property, I leverage it. For me, and most of us, there isn`t really away around it. The goal in a long term real estate...

Is the Canadian consumer overextended with debt? Who knows? Who should care? By David Johnston, M.T.I., CFPManager,Residential & Select IPL Mortgage Specialist The Johnston Mortgage Team, New Brunswick I grow weary of reading reports and surveys suggesting that consumer debt in Canada is a...

QUOTE (markl @ Oct 13 2010, 01:53 PM) Couldn`t you write in the offer that the seller would be responsible for any tenancy issues arising from the time he has owned the property? I am sure your lawyer will be able to provide you with a clause. Hoping so. Nik

I have put an offer on a 4-plex which has been accepted. I wrote it with subject to lawyer`s approval. In Manitoba we have a rental tenancies branch. My lawyer is looking into whether the rents were registered or not. The place is vacant now. I have a feeling that the vendor did not...

Boiler`s lit. Of course it warmed up this week too. Nik

It`s unseasonably cold across the prairies this month. The low was +3 the other night here in Winnipeg and the other night it froze in Moose Jaw. The tenants in my 4 plex were starting to get cold and asked when I was going to turn on the heat. I hadn`t wanted to yet since I pay for the heat...

I also read somewhere that the average Canadian tax payer gives about $100 annually to charities. It may be more now, but that`s also pretty pathetic and a possible indication of poor financial health. Nik

QUOTE (dustin22 @ Sep 14 2010, 03:16 PM) Just wondering which area you found this property in and How you located it? I`m a junior investor in Winnipeg and am constantly looking for houses like the one you found. Thanks Cashflow can be good in a number of areas. EK, Weston, West End, or the...