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Recent content by jlprato

  1. jlprato

    Looking for Rent-to-Own company in Edmonton Area...

    Does anyone know or have worked with a Rent-to-Own company (Lease-to Own) in the Edmonton area? I have a condominium that I would like to offer to this financial system but I have no references of any.
  2. jlprato

    How to sell a condo with negative cash flow?

    Wow guys, thank you so much for all your advises. This is an apartments located in South Terwillegar just 200 mts. from Henday. 2Bedrooms 2 Bathrooms and 1100 sq.ft. but as i did buy it brand new in 2008 (remember the selling prices of those days... high) so it still have a mortgage of $213K...
  3. jlprato

    How to sell a condo with negative cash flow?

    I got a condo which was my first home and property. I got it rented since 2011 and never has been vacant not even one month so far. But since 2015 as the economy in Alberta has been no so good and due to the big inventory of apartment for rents and to sell in the market, I had to reduce the...
  4. jlprato

    Capital Cost Allowance.... What exactly it is ???

    Hello Guys Can somebody explain me in simple words what CCA is? I'm filling for first time the T776 and I don't know what to do here... please help... Thank you
  5. jlprato

    Negative cash flow and now I need help with the taxes...

    Hello I moved to a new house in late 2011 and since then I have my old home (a condo) rented. but the rent don`t pay not even the mortgage so I had to be paying the difference during 2012. Now is Taxes time. As this is my first time as landlord, can somebody help me or recommend a good...
  6. jlprato

    Tax deductions

    What are the tax deductions available in a negative cash flow property? How to manage this? Thank You Jorge
  7. jlprato

    Married with this apartment for another 4 years?

    Yes, this property is located in Edmonton, AB
  8. jlprato

    Married with this apartment for another 4 years?

    Hello My wife and I did buy an apartment with 0 down (first mistake) and with a mortgage for 5 years (2nd mistake) for my main residence. Everything was good until we decide to grow as a family. We need a new bigger place to live. But when I call the lender to ask, with the actual price of...
  9. jlprato

    Hassle Free Tenant ----- for me

    Hello Folks, I have been reading a lot about REIN and all Mr. Campbell`s books. I attend as guest the last economic summit in Edmonton last week and I did buy the Quickstart program home edition as well. My plans are to become in REIN member for the next month. But I had to take every step...
  10. jlprato

    To live or to Rent?

    Hello, I`ve been reading a lot about the REIN System and I think I`m ready to start with my first purchase. I`m rented right now and I don`t know exactly what to do, to buy my fist real estate asset (for rent it) or to buy my own home. Please... Help!
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