This is great seeing all of us young people help/network with each other. I just turned 27 and have 5 properties in McMurray/Edmonton. It`s been quite the journey and I would like to acknolwedge everyone on here young and old. I remember when I first started out at 23-24 at this game. The...

I live and invest in McMurray as well. Feel free to send me an msg. Derek Wong DCW Properties Group Ltd.

Well we should definitely look behind the curtain on all these doom and gloom media reports. Suncor actually cut their budget about 13% not the 33% since they had only bumped up their capital budget 20% in September. There will still be billions spent in the province in 2009, especially up in...

Lenders are still lending but they are really ensuring that they keep their margins up. I did some appraisals in preparation for some refinances the 1st week of September. I decided to just keep the refinances on the books and got all my pre-approvals done with 20% down, prime -0.6 open...

QUOTE (btang693 @ Aug 7 2008, 08:19 AM) Thanks Derek, I did not consider that aspect at all, I was thinking of claiming all that I was entitled to - 75%, but your point makes good sense. Did you use an accountant to take care of your taxes or did you just go ahead and do it yourself? Thanks...

Hi BT. I`ve have been in a similar situation where I was renting out 2/3 of my bedrooms in my primary residence. It was a great way to increase my personal cashflow right out of school. What you want to avoid, if you expect to have capital gains in the future, is losing your capital gains...