I have a brief question pertaining to development financing. Hypothetical situation: 1) I have a $10M project under consideration. Purchase of land/existing building is $6M and construction budget is $4M. The project is to take 1 year to complete. 2) I have $3M to invest, the remaining...

I'm wondering what people's thoughts are on offering washing machines with only cold water - ie. not offering a hot water cycle. There are obvious efficiency reasons for this as well as arguments that it is better for clothes. It is common in Europe to have only cold water machines (or...

I haven't visited this forum for a while - but while reading this article, I thought about REIN. Any thoughts on this? CAN interest rates go up? Is it logical to think that the BOC will keep rates as low as possible for as long as possible given this risk...

I've searched past posts with no luck on this topic.... Is anyone out there in REIN world working with a call answering service? I'm looking for a reputable, established firm to handle my after hours maintenance calls - preferably with some ability to screen emergencies. Anyone have a...

I have what seems to be a simple question: How would I go about getting a copy of a survey/lot size? How would I go about getting a copy of such? Are these accesible in any public offices? I'm not interested in having the site owner aware of my endeavour ....

A question for those with a strong (stronger than me) background in accounting: I understand that when dealing with commercial property owned under a registered corporation you can recoup HST (yes, this is Ontario). For example the HST I pay on renovation, utilities and professional services...

I'm considering making a sale of a property in which I would have a capital gain in the 6 figures region. From what I've been led to believe, 1/2 of the capital gains is taxable. Is this correct? The property is held in my personal name, not as a corporation. Are there any mechanisms that...

This topic is a slight deviation from the RE focus, but I think someone will have some experience with this. Does anyone have any recommendations for payroll software/web-apps? I am currently looking through a number of different options and was curios if anyone here has experience that I...

Hello! In a situation where you have an informal agreement to purchase a property (ie. verbal, no realtor involved), what are the steps to formalize the offer? 1) Do I forward the information to my lawyer and ask him to write it up? 2) Can I use the OREA Form 100 (for Ontario) myself and draft...

I`m curious to hear if anyone on this board is active in investing in South America (particularly Argentina, Chile and Brazil). If you are and would be willing to answer some questions, please let me know. Thanks!

I`m interested in seeing some people`s opinion on the following scenario: You`re given the opportunity to put a price on a small multi-suite apartment in a private deal. The owner does not want to put a price on the building – but wants you to do it. How do you proceed, how do you (fairly)...

I`m currently looking at a property where the rents are well below the market rent in the area. How does one go about have the rents revaluated upon purchase? In particular, I am wondering for the province of Ontario.

I`m wondering if anyone has experience getting new basement windows cut and installed (surely someone does). Basically, there is a basement suite with windows that do not meet code that I would like to upgrade. What would a typical expense be for this? It would involve concrete cutting and...

I am looking for some recommendations for a home/property inspector in the Kitchener/Waterloo/Cambridge area. The last individual I used was extremely unprofessional... Thanks in advance!

I have performed an eviction of tenants for the 5th of last month. Do I have the right to hold onto the full month’s rent? Is there any precedent that says I must return the ~25 days worth of rent for the days after they vacated the premises? The tenants were removed for damage to the unit...

I have two questions: 1) How have people dealt with purchasing a vacant property in the past? Is there some way to structure a deal with the conditions that I (the buyer) can find adequate renters before X date? 2) Does anyone have a recommendation for a great mortgage broker in KWC...