Hi, Including scenario A - her primary residence mortgage interest? Thanks

Hi, OK. Thanks

Hi, Good point. If the bank approved 95% LTV for example from the start, the entire mortgage interest would obviously be tax deductible. Hence, taking it (the loan) 'in pieces' - lower initial LTV, and later increasing through re-fi, but still (new principal) being below 100%, should be, and is...

Hi, Sue is actually raising an interesting point. Thomas, please note: when you take out money through refinance, say 100K, you do not borrow that additional money in order to buy a rental property (you already bought the property, this is just a re-fi). Therefore, why do you think you can now...

Hi, As mentioned you can benefit from a rental loss by adding it to (reducing) your employment income. Regarding your other question, FYI if you had the property under a corporation instead of your personal name, you would be able to carry losses over to following years. If I understand...

Hi, Yes most of it. Thanks

Hi, Did you find a property? Why complicate the process. I mean you have nothing in your RRSP. I understand you want to pay less tax. Have you considered how much money you are losing per month just thinking? It's not a good time to take a loan to put in your rrsp just in order to take it out...

Hi, Does your apartment building insurance policy include equipment breakdown? Do we really need it? I met an insurance guy in a real estate event who interestingly recommends not including it in most buildings. He explained it is more needed for different types of businesses like an accountant...

Hi, To recommend best strategy for you, some personal info is required. How much money do you have? How much does a 4-plex cost where you live and what is its total generated rent? Would you be comfortable owning a plex living in one of the units? HBP is kind of a joke and you need to remember...

Hi, How many investors do you know who purchased 10, 15 or 20 years ago, regardless of market condition, did NOT sell 5, 10 or 15 years ago respectively, and Regret not selling? None or almost none right. In other words, no matter when you buy, as long as you don't sell for 5 years or better 10...

Hi, Not true but I am sorry this has been your experience. Maybe in a dream world where everything is done by the book. In reality - meet Appraiser A in the morning and B in the afternoon, and their appraised values will rarely be the same. You're dealing will people where it depends on many...

Hi, An average folk - maybe. You - I hope not. That's why I mentioned 'with a good appraiser who understands our business'. Hint: if bank A sent an appraiser you do not like, there is always bank B. Lets not forget value appreciation. Say a building went up 35% in value in 3 or 5 years. 0.75...

Hi, Excellent feedback Mr. Sedore. Do they cover most of Canada say 90% including smaller cities or only a small part of Canada say 10% which includes mainly big cities? Thanks

Hi, Today most investors actually prefer 3-5 years term fixed mortgage interest rates over variable although variable is available/an option for 1-4 units properties. Thanks

Hi, But you sold Most. so you still don't believe in selling but had to sell for different reasons. This too I do not understand. With a good appraiser who understands our business you are often able through tax free re-fi to take out at least the same $ amount as selling. Thanks

Hi, Why would anyone switch from their current local Canadian provider to ACN if they "charge more"? Not questioning your input just trying to understand the bottom line better - worth it or not? Sounds like you never worked with them yourself. Your feedback is appreciated. Thanks

Hi, Guess what you meant is that your average building was sold for about $5M(?) {and purchased for significantly less} Interesting. If I understand correctly, you sold about 75% of your buildings. If I recall correctly, in another thread of yours, you recommended the opposite - as a rule of...

Hi, Nice. What percent of the buildings you purchases more than six (6) years ago, do you still own? Like 25% or 75%? In other words, do you still own most of them or sold most of them? Thanks

Hi, Nice. Do you still own apartment buildings purchased in the early 2000's? Or you rarely hold for more than 10 years? Thanks

Hi, Just refreshing maybe Tina wants to reply.. Thanks