QUOTE (billf @ Jan 6 2009, 03:32 PM) Hi, Quick question about this interesting proposition. Now that it is generally accepted that prices are going to be flat/down for the next while are the clients still willing to pay for anticpated price growth/appreciation. Thanks, Bill F Excellent...

QUOTE (Sherilynn @ Jan 4 2009, 02:05 PM) The new tax-free savings accounts have attracted a lot of attention and it seems that most people are trying to find a way to leverage them. Being of fairly limited imagination when it comes to investments, I have simply started transferring my security...

Hi, Yes, the rules depend in the province but I`ll take a stab at #3. It really depends on the buyer. As an investor, I prefer inheriting (good!) tenants. If it is vacant, it is a little more work but typically our PM is onboard from day 1 so we can get an early start on marketing. As a first...

Hi, I have to agree with the current property owners--a charitable approach to landlording may not make for a sustainable business long term...but if this is your passion then perhaps you have just found your niche. Greg QUOTE (klewlis @ Sep 25 2008, 11:35 AM) As long as my cashflow remains...

Hi Mark, I am going to take a chance and say the issue seems to be with your team (specifically your realtor)...you obviously understand the structure and benefits of VTBs. The key is going to be your ability to sell the concept of a VTB to your realtor first so that they can subsequently sell...

QUOTE (MarkTorgerson @ Sep 22 2008, 01:03 PM) Would a possibility be putting my own cash down to finance the property. Then, at the same time, draw up a caveat or promissory note where she lends me back the money secured against the property? Exactly, Mark. You could close with your funds...

QUOTE (BRYAN17 @ Sep 20 2008, 12:04 PM) I have just got re-zoning approval on a triplex and need to bring the building up to today`s fire code. I`m looking for the name and contact info for Sprinkler installers (fire & landscape) and a electrician. If you know of anyone, please pass it along or...

QUOTE (Dan_Eisenhauer @ Sep 18 2008, 10:16 PM) I would insist on seeing that unit before you spend a bunch of money on the extras like inspection and appraisal, especially if the rest of the building is marginal. Very good point, Dan. In addition to our realtor, we now include a walkthrough by...

QUOTE (sgraves @ Sep 10 2008, 10:27 PM) wondering fir anyone knows of a good realtor for Victoria area near UVic Hi! I have great success with Ronan O`Sullivan out of Remax-Camosun and Tony Zarsadias from Burr Properties. Good luck! Greg

Hi Jen, Gord from the Nanaimo Real Estate Investors Club may have some good contacts for you. You can get more info at Hi Jen My Nanaimo realtor manages my multi unit properties for me. I don`t know if he`s looking for other properties to manage or not. He doesn`t want any more "challenging"...

Feature Investment OpportunitiesBRAND NEW :: Incredible Equity in this legally conforming Four Unit Apartment building means you make money from the minute you invest! Add in NO Qualification necessary and this is an incredibly lucrative real estate opportunity. `Beverly Heights` boasts four...

Hi, I have not encountered this exact scenario but either way it sounds like someone has the key. I would swap out the money box/key at the very least or go with a newer, leased unit such as the equipment/service offered through Phelps... Hi Everyone, Ever had to deal with this situation...

QUOTE (ChrisDavies @ Feb 21 2008, 06:20 PM) Another thing to consider is that investors only make up ~4% of the market. Hi Chris, Is it that we investors only make up 4% of the market or only 4% of Canadians own investment real estate? I recall Don mentioning that 40% of the listings in...

Hi Terence, In BC, 2 months notice is required and the the landlord must pay the tenant an amount equal to one month`s rent. If the landlord does not use the unit for the stated purpose for at least 6 months, the landlord must pay the tenant an additional amount equal to double the monthly...

QUOTE (brentdavies @ Feb 7 2008, 04:01 PM) Keep a mileage book and the tax man will love you. Absolutely. Charging a flat rate per km and keeping track of that mileage keeps CRA happy and tends to be more straightforward than deducting a % for gas, repairs, etc (besides, in this situation you...

Hi Susana, You have a few options re: RRSP investing... 1) You can liquidate the RRSPs, pay the withholding tax and use the remaining funds as a down payment. 2) You can loan the RRSP money while having it secured against real estate as a 2nd mortgage. You have no beneficial ownership in the...

Hi Dan, Welcome to BC! I would suggest starting with your closest circle of contacts...friends, family, coworkers, etc. These people will tend to trust you right from the get go and may be inclined to support what it is you do. We get most of our JVs from referrals as well. Your close circle...

Hi Brett, I agree with Garth that you will want to have some "post-work" inspection done. You may want to consider a hold back sufficient to cover any further remediation. Best of luck, Greg

QUOTE (arroy @ Jan 30 2008, 07:21 AM) I am currently about to purchase my first home, personal residence, in Calgary. I am using the Quickstart techniques for "creatively buying my personal residence". I am having trouble whether to pick a variable rate or fixed rate mortgage and for how long a...

QUOTE (Nicola @ Dec 13 2007, 11:07 PM) Thanks for the great letter template, Russell! Unfortunately, Littlehelpers.ca are sold out of Christmas gift baskets. But good on them for doing so well!! We have had great success with Little Helpers (be sure to place your order early ) or gift...