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    Paying the down payment with an incorporated company

    Here`s an idea. Consider a JV with your corporation. Todd Stokowski, CA
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    Non resident : 25% funds with holding-urgent

    Based on the quick facts that you provided, the appropriate forms can be filed prior to closing and there may not be any withholding taxes on the sale. The aforementioned depends on the date of closing, when you get the applications into CRA, the part of the Country you live in, your personal...
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    I need help with a rent estimate in central Edmonton.

    For what it`s worth, we rent out our one bedroom condos in that area for $833.00 per month. We don`t have any houses in that area, so I can`t offer you any estimates. Consider driving the area and see if there are any "For Rent" signs up. Call the number and you`ll get some indication. Todd
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    Milestone of a different sort

    Congratulations Dianne! I took a quick look and the site looks great! Have fun. Todd
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    Lower prime rate resulting in better cashflow?

    Super comments everyone. Todd
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    Canada invests in mortgages!

    I believe the intent of the government’s plan was excellent. It will depend on the implementation of the program to determine if the consumer will benefit. I think a good way to implement the program would be as follows: Upon the financial institution issuing a new mortgage or LOC, then CMHC...
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    I Recieved My Letter To Happiness

    Great story Domenic - thanks for sharing. Maybe we can hear about the more laughs in 2009. Todd
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    Edmonton Electrician?

    We use Rob at 780-238-8195. He is very reliable and a good solution finder. Todd
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    first Edmonton purchase and need help!

    Hi, we use Meyer`s Insurance in Sherwood Park. Marylin is our agent - she is great. The underwriter is Peace Hills. Her contact info. is: Marilyn Beier Commercial Risk Advisor Meyer`s Insurance Ltd. Tel: 780-467-5048 Fax: 780-449-3553 www.meyersinsurance.com
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    GST on a new home purchase

    If your corporation plans on using the property for long term residential rents and the first lease is for a period of at least one year, the corporation should be eligible for a rebate on some of the GST paid in connection with the purchase. As there may be some details that I don`t know about...
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    2nd mortgage renewal fees?

    Treat the renewal as if it was the first time you met the person. Credit checks Appraisals New fee Property tax clearance Insurance - second loss payable RPR New interest rate - may be up, may be down, depending on the risks, current competitive, other factors Hope that helps. Todd Stokowski, CA
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    Preferred Rent Collection

    Based on the two options listed, I would go with wire transfer since the funds are certified and if you receive the transfer late, you can start the eviction process without delay. An NSF cheque can take a while to show up. Todd
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    Winner: Young Entrepreneur of the Year 2008

    Great story - you received a lot of support, but YOU drove the bus. Congratulations! Todd
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    Does anybody Capitalize the interest on their HELOC?

    One example of when you would capitalize your interest is when you are building a property and are paying interest on a loan or line of credit during the construction phase. Until the property is "available for use", all costs (soft and hard) would be capitalized. In a "flip" scenario, all...
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    Calgary Edmonton Spring 2008 CMHC Projections

    Thank you Dan. Todd
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    Offer to Purchase - Terms Conditions - am I asking too much?

    I agree with Thomas, one "catch all" condition that will allow you to satisfy yourself with all your concerns. The more general the condition, the better. For example: "Conditional upon the Buyer performing its diligence regarding various matters to the sole satisfaction of the Buyer" If the...
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    putting in a bigger basement window (egress)

    Great video and post. If anyone finds a supplier and installer similar to Astro in Edmonton, please let everyone know. Todd
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    Is there any way around taxes on a rev property sale?

    Hi, currently there are no provisions in the Income Tax Act that allows you to defer capital gains when passive real estate assets are sold. The issue was on Harper`s election platform, but has yet to be introduced by the Conservatives. When land and buildings are used in an active business...
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