I would refrain from providing tax advise and put it back to them to get the advise from their accountant and if they need a good accountant put them in touch with Mr George Dube and I am sure he will be able to answer all of their questions and more. Regards,

If he is talking of the strategy they teach at Russ Whitney his 3rd company is a Property Management Company. Give George Dube a call this is a very specific thing you are talking about so a blanket answer is not a good one. George will be able to help you in your individual case to let you...

The way I look at debt pay down is Unsecured debt or high interest debt first and then paying down your principal residence mortgage as this in most cases is not tax deductible. George if you have set your mortgage up properly the extra pay down to your home mortgage should give you extra room...

Hey Adam, I know some people doing student rentals there and they do not have a problem with occupancy. I have never looked into the cap rates if you really want I can send a couple of their contacts to you and you can ask. Regards,

Here`s a lesson in looking beyond the headlines. There have been some highly publicized reports recently -- from media outlets and realty firms -- listing "The Best" and "The Cheapest" cities to live in Canada. These lists are interesting and even entertaining to read, since you can see...

I Echo Thomas`s statement get on a plane I always find I learn more and take more away when I am fully engrossed and not in my home town. I learn a lot more and do more effective networking. Regards,

Hi Carrie, Just a couple of things you need to buy the property at fair market value if you are keeping the renters in. Typically we use at least 5% down payment for properties like this and we do a lot to ensure they will be able to pay now when they have not been in the past. As well pull...

Hi John, Dan is referring to when the tenant is purchasing the property at the end of the term. Not when you are purchasing the property. Knock on wood we have not had issues qualifying tenants at the end of the term with CMHC as of yet. They just want to see the proper documentation...

Hi Randy, Funny we just had our first experience with a major bank rejecting the down payment. RBC said they would not recognize the initial deposit. The tenant is now working with a mortgage broker who can take them to an institution to get the deal done. Regards,

I haven’t experienced any issues closing any RTO deals, thus far. Since I am not the one dealing with closing the transactions I have a mortgage broker who is doing it for me. Here is his response. Please note we helped 4 tenants close last month. I presented at our monthly DLC meeting...

Could be a number of reasons it is over priced. Have you or your realtor had a discussion with the seller or sellers agent? 79 DOM let`s be honest is not that much in the grand scheme of things when you are talking vacant land. Are you emotionally tied to this lot? If not it is a numbers...

It depends on the investment. A long term buy and hold will be lower 4 - 6% cash on cash return. Rent to own return 10% range and the same with lending Rehabbing properties 20% per year Regards,

We are finding Cash Flow properties in Toronto. Sorry to high jack the thread just needed to mention that.