QUOTE (GarthChapman @ May 21 2009, 07:20 PM) Methinks now is not the best time to be in land banking or land development. I`d want some time to pass and for the market to soak up the existing product first. "Methinks" you are right. I think it would be interesting to see when they bought the...

I seem to be getting different deals for land banking dropping in my lap over the last week. A contact on Facebook sells for this company. Wanting to know if anyone has had good or bad experiences with any land banking company? It seems like a good strategy would be to invest the min...

I know 4 sales people for them. It is starting to feel like one in 25 people i know are involved in selling their product. I looked over their brochure and see that you might end up holding as long as 19yrs and some of their exits were in the 10 to 13yr hold range. They try and target...

There is no tax savings by incorporating for flipping properties. I was wondering if there are some levels of deductions like your personal tax rate or are your profits taxed to the maximum rate? I have one flip likely to be sold soon and figure that this would be a good time to invest the...

QUOTE (luckey3 @ Apr 7 2009, 09:26 AM) If i have 10% into a property and i am marketing it to a JV can i ask for no more then the 10% of an investment on that particular home. Always put yourself in the other person`s shoes looking at the deal. If it looks good, then you have a winner, if it...

QUOTE (Bungee @ Apr 6 2009, 05:13 PM) Hello, do you have an email address i can get in contact with you? mine is [email protected] I`d like to get in touch with you. [email protected] Will email you with an idea that hopefully will work. Cheers!

Just heard from a reliable source that the number of businesses in Calgary going bankrupt or leaving once their lease expire has risen dramatically! My other half that owns a salon business faced the slow retail months of Jan and Feb after Christmas. She decided to put on a Cut n Color sale...

QUOTE (thomasbeyer2000 @ Apr 3 2009, 11:21 AM) That`s the risk you took two years ago .. leasing has less rights that OWNING .. hence the low low price for a lake front lot .. Where is the problem ? I hate leases. Goes against my being an "owner" way of operating. The only way to build and...

QUOTE (princecharles @ Jan 8 2009, 12:21 AM) Hey there Any young aspiring RE investors in their mid20s, or age doesnt even matter as long as you are a beginner, who would like to learn and strategize together please drop me a line at [email protected]. I would love to brainstorm and...

I have a leased property with a 2yr building commitment to build a cabin at a lake in Sask. and then you can obtain a title to the property. Sask gov`t til now was involved with a native dispute and no one was able to obtain titles. The lot is assessed at a value of $6,700 on the lease...

QUOTE (thomasbeyer2000 @ Jan 5 2009, 08:37 PM) I understand that Darren Weeks, who advertises under "Canada's Rich Dad" is selling syndicated investments in US apartment buildings, among other investments. What is your feedback on this ? Good ? Bad ? Neutral ? Great ? too early to tell ...

If you have not been here, do a search on www.youtube.com for Russell Westcott and you will find some great videos that are posted on this website! Thanks Russell for taking the time!

The cheque is in the mail??? (Have you heard that one before?) They decided that they are now going to play catch up to where they should be so supposedly there are some money orders in the mail at this point as quick as they can get them off. Hoping that isn`t something that just happens for...

My bro and sis inlaws moved to Saskatchewan last year. They were not able to find a place to rent, but found a house for sale for under $20k! They wanted to know if i would buy it and then they could buy it off of me after making payments to pay it off in full. Since they moved and started...

QUOTE (GarthChapman @ Dec 28 2008, 02:35 PM) Why taxed at a high rate? Why not Capital Gain taxation? Was it a flip? Are you taxed at Passive income rate or Active income rate? Also check into the magic of the Capital Dividend account - which provides half of the capital gain to you at ZERO...

The sale of one property held by the corporation would free up cash plus profits of 70k taxed at a high rate. Idea is to spend the profits wisely on tools and equipment so it can grow faster with the deductions on the profits. The other funds available are used to do the JV. I suppose the other...

I do not attract joint venture investors so rather than do a solo flip and be taxed to death, I thought to split the deal with my corporation after selling off a property that it holds. I can reduce the tax payable as far as I know by purchasing a 5 ton truck and expand the company`s tool...

QUOTE (Liquid1010 @ Dec 9 2008, 09:41 PM) I was hoping to start this thread in an effort to identify some good contractors. One property I`ve been working on has been on hold for almost 2 months now due to a sleazy contractor, and I thought this might be a good place to seek out a good one. Does...

Just heard on the radio to my surprise that rents in Calgary are on their way UP! Also read in the Calgary Herald that for a 2 br house, rents are up $59.00 on average.

QUOTE (navaz @ Dec 5 2008, 04:23 AM) You could try and argue capital gains -but then - could you not replace the tenants Decisions, decisions and time will tell as it always does... Will finish the renos and make it look even more appealing and if i cannot find good tenants, i have a option of...