Hello all, I have a rental property in Calgary that contains a illegal basement suite. I have just had the city bylaw inspector there who asked me to remove the kitchen sink, plumbing, stove and wiring. I am considering complying with the request for long enough to have them confirm that I did...

Hello all, I have a rental property in Calgary that contains a illegal basement suite. I have just had the city bylaw inspector there who asked me to remove the kitchen sink, plumbing, stove and wiring. I am considering complying with the request for long enough to have them confirm that I did...

I just received my mortgage statements for my rental properties and the principal was reduced by a significant amount ($20K). I will have to pay personal tax on this amount and can not buy enough RRSP`s to offset it. How do investors handle this? Although I like the low interest rates I do not...

Hi all, so last evening we showed our main floor place to some people from Venezuela. He has just been hired by Amex and is an engineer, they seem like a very nice couple. Our questions are what to do when they have no credit history in Canada.? The relocation specialist that was helping them...

Could someone please comment if they know how refinancing of a rental property is viewed in Canada Revenue Agency`s eyes. I would like to refinance a property but I am concerned that this may raise a red flag due to the fact that my net positive cash flow will drop and I will be claiming quite a...

Hi all, this is probably a question for Don or Russ, but I thought I`d put it out here for the rest of you all to answer...We have yet to get our REIN Membership and we are wondering about what to get... My husband works shift work and so is not always available to go to mtgs on evening, we also...

Hi all, just wanting to "poll" you. Does anyone have a favorite, and helpful realtor in the Okotoks area? We are new quickstart grads and looking for some help in our local area. Any REIN members from Okotoks? Love to chat at you.