Hello everyone, The posting regarding the issue with Alberta Health Services is mine. When we bought the properties we had a realtor, also a real estate investor. Castlewood Condominium has been there for 33 years. We bought the properties three years ago, and we have never had any problem. The...

Hello Jessa, We work together in real estate, in the education of our children, and in our consulting business. We have a very respectful relationship and we complement each other. Regarding real estate, Fernando does little repairs and is part of the Condo Board. I do all the paperwork...

Hello, It is difficult to find just one insurance company for all your needs. I use TD for my auto insurance. They offer a good price and they are flexible in customizing your policy. We have a race car that it is used only spring and summer and they charge just a low fee for the other months...

Hello, I haven`t received anything from RBC "yet" where I have my unsec LOC. On the other hand, AGF Trust increased my secured HELOC to prime + 2% since spring/09. I called to complain, but there is a clause in their agreement they can change the rates at anytime. It hasn`t been easy, because...

Hello, I have been a member of Toastmaster since Sep/09. It really helps you with your speaking, listening skills and self-confidence. It is a fantastic way to meet people. We do not have too much time to network because our meetings are very structured. I go to SOS Toastmasters in St. Albert/...

Hello, I have a tenant who is interested in the Rent-to-Own transaction. I have read the postings regarding Rent-to-Own, listened to Mark Loeffler presentation, and worked on some spreadsheets. I have put together a very general presentation for my tenant (transcribed below). In this...

QUOTE (zimnicki @ Oct 29 2009, 07:55 AM) Yes your right, i had another ad since yesterday morning as well, so i have about 2 running that i have created, since yesterday 8am, so about 24 hours... everyday or so, i just create another one so it gets bumped to the top. I also have had great luck...

QUOTE (investmart @ Oct 29 2009, 08:44 AM) Hi, Do you, as a rule of thumb, replace all carpets with laminate flooring whenever you have a vacant unit? Example: I have a vacant apt. in Orillia. carpet has few stains that can easily be removed. still, should it just be replaced with laminate...

Hello, Godfried gave a very good explanation about depreciation. I just want to clarify some points: 1) Depreciation is kind of "old" accounting term. Nowadays, the accountants go by "Amortization". It is the same thing. You can have different ways to calculate your amortization. However...

Hello Tony, In your Cash Flow Statement just include your personal inflows (salary and wages, interest received from GIC or other cash investment, etc) and your outflows (mortgage of your residential property, automobile, home insurance, etc). The information regarding your rental properties...

Thank you for the replies. The heat and water are included in the condo fees. So, I do not have a choice to change that. Luciana

I have a home based company in Edmonton and I`m looking to buy a residential house and apply to the City and have rezoned in a commercial property. I talked yesterday with Greg Habstrit after his wonderful presentation but his experience is only in Calgary. However he told that rezoning is not...

I have a townhouse for rent (about 1,044 sq ft) in Castledowns (164 Avenue and 109 Street). Most of my comparables for rent are townhouses that do not have heat and water included and current rents are about $ 1,295.00 per month. I`m guessing that I should charge about $ 150.00 more. Any...

Hi I just want to share some thoughts about organization. I have only two properties, but I`m on my way to getting some more. However, I see the need of being prepared and organized!!!! I bought a file cabinet for the paper documents and split the drawers in categories and different colors for...

About Income Tax, I have found some good suggestions with the book "The 10 secrets Revenue Canada doesn`t want you to know" by David Voth. You can see what applies for your situation and consult a professional (lawyer, accountant, financial planner). For Personal Development, I suggest any book...

I have been a REIN member since May/2007. We haven`t bought any properties yet. We are thinking to incorporate first and after that start buying. I see some advantages in having a corporation: deductible expenses, limited liability, if the property has a negative cash flow the company can carry...