With respect to Thomas, it IS possible to do "no money down" or limited capital flips and purchases in Canada, but not the same way as in the USA. (Our equivalent of purchasing "subject to" is an "Agreement for Sale" for example). You'll also want to look into purchasing with a lease option...

Tried attaching a file and got website errors. Here's the text of the lease amendment form I use: Amendment to Residential Tenancy Agreement 01/02/11 This document amends the lease agreement for the suite described as: rented to The amendment to...

Why not? What do you have to lose?

I ran a yellow letter campaign about this time last year. I got an overall response rate of about 15% and here's how those responses broke down:

I don't buy the "snow on the ground" excuse, but Dec/Jan is definitely the worst time of year to try and re-rent in Edmonton. People don't move this time of year unless they absolutely have to, so you have to watch out for evictees, recent relationship breakdowns, job loss, etc. Plan on doing a...

Another suggestion: Having Don's twitter posts repeated here is redundant. It fills up pages of "new posts" with material that is entirely duplication for anyone who follows Don on twitter. Makes catching up on new myreinspace activity that much slower. My suggestion: Leave the twitter content...

I'm seeing that navigation format problem since yesterday (Google Chrome).

Another feature that's missing - can't recall for sure if it was on the old forum, but I'm about 90% positive it was and it's definitely on most other forums I use - is a link in the thread list to "view first unread post" in an existing thread. Note, this isn't the same as "latest" post which...

Our agreement makes utilities payable like rent. So the consequences for non-payment are the same. 60/40 is our normal split for up/down shared house. Utilities are payable with rent. A couple tenants pay rent on the 1st and utils on the 15th of the month. I tend to "sell" the...

1) Utilities. There's a utility sharing agreement you can download from this site. Put the utils in one tenants name and they collect from the other. We use this on some of our rentals. Based on the recommendation of other REIN members, we switched some of our shared houses to our name and bill...

Depends a lot on your overall tax situation. Some people will claim enough CCA to bring overall rental revenue to zero so no additional tax is due. However, this amount will be recaptured by CRA when you sell. Others will pay the tax on the income yearly and not have CCA recapture to worry...

Hey, nifty! Thanks to everyone who makes this forum useful, it's a great community.

1. Carbon copies? Nobody's done carbon copying since the 70's... :) 2. I have scanned / PDF copies of all the relevant documents and print them off as needed. 3. I have a binder/portfolio where I keep a couple copies of each critical document for quick access.

We have one rental house that has two wood burning fireplaces in it. Insurance coverage has never been an issue and it's not any more expensive to insure than any of our other similar homes without fireplaces.

http://myreinspace.com/public_forums1/f/61/t/1057.aspx?PageIndex=1

Looks to me like it's the latter - "An Act to provide for the Cancellation of Agreements of Sale". - Not a lawyer, never played one on TV, etc.