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Hi everyone! Thank you Eddy for your comment! I haven't checked this website while. But the issue that I was having ended a quite dramatic turn. What happened was police busted that tenant and arrested him as well as his 'friends' in the middle of night. He had a lot of drug charges...

Thank you Thomas! So in order to get appraisal to make the most of it, do you ask Bank to do that or Mortgage broker will do it for better appraisal?

Hi guys! I have a question about getting HELOC out of my rental unit. When you get HELOC out of your rental unit. What is it based on? Is it based on the rent or your income? I would like to maximize money I got from HELOC who should I ask to get approval? Thank you!

Hi Chris Thank you very much for your comment. I will communicate with my board to act upon incidents. I will keep you posted.

Hello everyone! I have a question I have a renter next door who smokes pot and playing music very loudly so that my tenant cannot stand it. It seems my property management is not willing to do anything. Is there any channel to deal with my neighbours? I know I cannot get rid of that renters...

Hi Thomas Thank you for getting back to me. I have purchased on my own so my agreement says an individual owner: Me. However, me and my partner had a mortgage together to pay the rest so we became joint owner. I found the word, joint owner but I cannot find the ratio. Do you know...

Ah sorry no partners ratio my question.

Thank you Thomas for your reply. By the way your book was awesome and everyone should read it!! I assume I can find it in lawyers documents?

Hi there! I am preparing income tax now and got stuck on a partnership question. I and my partner got a mortgage together but I do all property management and so on. Does this mean we are automatically a partner sharing 50/50? I read CRA website but I got a bit confused. Does anyone...

Hi Blaine Thank you very much for your comment! I would definitely check the link you gave me. When I was checking this website I saw quite few comments from the west so thought primarily focus on real estates in the west but I would check forum more closely since I reside in Toronto...

Hello there I have one rental property in Toronto and I would like to know more about real estate investment for the future expansion. I was wondering is there any group based on GTA area that I can join to educate further more? If so please let me know!! Thank you!

Thank you for your comment! I would really appreciate your time to comment on my thread. Warranty dept called me saying they booked a technician on Monday so hopefully that will resolve the issue. I will keep you posted!

Thank you Thomas! This is certainly very discouraging but at least I can talk to someone eventually instead of emailing back and forth for no end. I will keep you posted

Hello there! I live in Toronto. Do you know any accountant who is familiar to investment property? I and my partner have bought condo together as investment property. Now income tax season is arriving and I do not know how to claim for mine and his. How income should be split and so on...

I reside in Ontario and I have a condo here. Usually here there is Tarion for new build but mine is conversion (I am not sure this is the right term) so Tarion doesn't cover the unit thus builder.

Thank you for your comment! You said insurance company. Does that mean my insurance company who covers my rental unit?

Hello I am dealing with dish washer issues at my rental unit. My dishwasher leaks and it is new condo so builder's warranty covers to fix it. Yet the builder does not respond my request and I've been frustrated since I do not know who I should talk to regarding this. Should I push property...

QUOTE (kboughen @ Aug 25 2010, 06:45 AM) With a mid to long term hold, I would suggest registering a mortgage on the rental property as it will free up room on your HELOC which is then available as a reserve fund and possibility for additional investments. When deciding how large the new...

Thank you everyone for your inputs. My plan for a new condo is for the long time growth so for now I would like to rent it out to gain equity. The thing is I don`t make enough money to be qualified for full mortgage for this condo so get a mortgage as much as I can borrow then rest as HELOC.

Hi Real Estate newbie here. I purchased $400,000 condo. I`ve paid $100,000 which is 25% of purchase price. I am thinking of using my HELOC from my current home and have a mortgage for the rest. My primary house is paid off. I would like to hear your thoughts. Is mine what usually what they...