Aaron, it all depends on who held title to the property. If it was held in a corporation, your corporation would pay tax as "income" at the corporate tax rate. If you held title in your own personal name, you would pay tax as "income" at a personal rate. The amount of tax will ultimately...

I switched my focus to purchasing PRETTY houses instead of the UGLY ones, and my marketing machine was providing me with some pretty great (under market) deals! QUOTE (JimWhitelaw @ Sep 18 2009, 01:09 PM) Why did you stop? Did you find something more effective or did the ant farm cease to be...

You could also start by knocking on neighbours doors. You will be truly amazed at the information you can obtain by performing this simple exercise. I used to emply an "ant farm" of people that used to bring me information on houses just like this. Give it a try! QUOTE (EdRenkema @ Sep 18...

Congratulations on TAKING ACTION! You have just got over your BIGGEST hurdle! All the best to you! QUOTE (qdsouza @ May 15 2008, 09:46 PM) Just a small success here: I joined REIN on Tuesday, we put an offer on our first investment property on Wednesday, and it was accepted today...

I have been developing and implementing my own "Lease To Own" System for almost seven years now, so I would be happy to assist you. If you are interested, please initiate contact with me. QUOTE (JoefromTO @ Sep 15 2009, 08:29 AM) Where do I go to learn the system?

I have and, I continue to use Weiss Johnson. Their pricing and service has always been great! If you need contact information please let me know. QUOTE (sfraser @ Sep 14 2009, 01:05 PM) Hello, I am looking to replace an old and tired gas furnace in one of my rental properties (residential...

I have extensive knowledge and experience in this particular (real estate investing) arena. I would be happy to provide you with a few additional pointers. Please feel free to contact me. QUOTE (spike9294 @ Nov 27 2008, 11:17 AM) Hello, I purchased a home in June 08 that I ripped down and...

Joey, You make some good points. Regarding "Capital Gains" versus "Income". The difference is not nearly the same from a tax perspective as it was, so it should not detract investors from incorporating this (cash flow machine) strategy. Besides, if you can generate a ton of cash flow (of which...

Some of the BIG differences with "Rent To Own" or "Lease To Own" versus a standard "Rental" type arrangement are as follows; 1. Large up-front initial deposit. Unlike a "Renter", you are not governed by legislation with respect to how much you can collect. The deposits I receive vary from $5k...

I would highly recommend that you attend one or Ron LeGrand`s creative real estate seminars. He is the KING of purchasing properties with..."NO Money Down". I have a personal philosophy..."If you can`t make money without money, you can`t make money with money". It`s truly amazing what you can...

Have you signed up for any of Peter`s mortgage updates? He has a regular spot on a radio show in Vancouver called "The Mortgage Minute with Peter Kinch". If you go to his profile link you should be able to navigate to his website and sign up for his newsletters and articles etc. My own...

This is indeed an interesting topic and a personal favorite of mine, as I have and continue to realize the awesome power of "visualizing" what it is that we want to achieve in life. Here is a famous quote that I feel is worthy of consideration; "It is wonder to see how, when a man greatly...

For the purpose of "rental units" it really does not matter. Just make sure that you try and get some type of warranty. Typically what I do is supply the unit, but I make the Tenant responsible for any and all repairs. I do this because washing machines are nothing but a headache and will...

The other thing you can do is Google "elevator speech". You will find all kinds of interesting articles on the subject matter. If you need any help beyond that, I would be more than happy to provide you with a little coaching. Good luck!QUOTE (corybarber @ Sep 3 2009, 09:11 PM) I was...

Mathew, have you checked out Peter Kinch and his forecasts? If not, you should, as he provides great insight as to where things are today, and where they are likely heading. I have personally elected to utilize variable rate mortgages since I began investing in real estate, and I would not...

I would be happy to provide you with a copy of our (Tenant) "Rules and Regulations". Please click on my profile and send me a quick e-mail and I will forward a copy to you. QUOTE (fisher1 @ Sep 7 2009, 09:11 AM) I am trying to make of list of house rules for new tenants. Besides the obvious...

Joe, I can understand your frustrations, as I have had many, many issues to deal with myself. I have spent countless hours in court rooms dealing with Tenant related issues, only to come away wondering who is "really in control" of the real estate that I thought "I" owned? That is why I...

I would recommend REIN to anyone that is serious about investing in real estate. When I joined REIN I had never purchased a single piece of property, except for my own home. I have since transacted on hundreds of properties! One of the big things REIN has to offer is the ongoing support, both...

Gary is correct. I have been a REIN member for almost 10 years and I have transacted on hundreds of properties. I have done so using OPM (other peoples money) and other peoples credit. I do NOT use my own money or my own credit! By joining REIN you will learn many things, and becoming a...

Cash Flow is calculated as follows; Total (monthly) income less all (monthly) outgoing expenses such as Debt Service (first or second mortgage), Property Taxes, Condo Fees (if applicable) and Insurance. Variables that will impact your monthly cash flow would include Maintenance, Repairs and...