thanks. Now if I sell one Rental property, to buy two, or a better yeilding property, do I have to apy any tax...?

I keep getting conflicting data on this... All I want to do is take an existing Rental property that has appreciated to 40% equity, pull out 20% to buy another Rental property... I get conflicting info that I may have to pay tax on that 20%... do I?

Want to re invest where property prices go up instead of down... Property is in Edmonton, bought it in 2006 for 585k, worth 485k in 2016, looking like it will be flat or even go down more over the next 5 more years... held onto this rotten banana for too long... Alberta is dead. whereas BC...

Is there a strategy where I can sell my tenant my home he is renting when he doesn't have a down payment. Such as the home is worth $500k, normally 20k would go to realtors if selling, I'd be left with $480k, which I am fine with... can I give him that $20k equity somehow? is there a trick...

Thanks for the input. It's nice to have this as a resource ;) I think I will "let" them leave and find new tenants...

Tenants gave me notice that they are out middle of Feb. Lease is until Sept 2014. They say they can't afford rent. Got more info from them and it appears they didn't realize utilities for a single family home would be "so high"... They want me to reduce the rent from 2150 per month to...

I`m trying to access more equity out of a very good cash flowing property. I originly put down 20%, 3 years ago, and the market is still lower than what I paid for it.. argh Edmonton... I figure it`s getting close to 20% equity again, but I`d like to keep it and pull out up to 90% value. The...

Thanks, Already working on large distribution... Need some test subjects for more photos, testimonials etc.. so I have more to show home depot etc... That is why I`m willing to do it for virtually nothing. Plus it always looks good to a large retailer to have some demand and history of...

I need a "guinea pig"... on Vancouver Island or Vancouver, but Nanaimo would be best. If you have the right project, I`ll do it for nothing. Just pictures, your testimonial and your cooperation. I have developed a new type of flooring that I think us landlords will love. It provides a hard...

I moved Edmonton to Nanaimo, used a company called Big Steel Box. Never again, don`t recommend them in the slightest. Worst experience ever. Sounds like a good strategy, they deliver a box you fill, then they pick it up and deliver to your new house, like what pods do. They took 2.5 weeks to...

Flipping is a dangerous game.. I know, I got burned big time... I too started small, pretty much the same path as Rainman, and got pretty good at it, but then leveraged multiple properties right in the beginiing of 2007 in Edmonton, right before the huge crash. Lost everything. Chased the...

Yeah should have bought cashflow, I`m sure he gets that, but let`s try to help this guy with the situation he has got now....? Owing 470ish on the mortgage, after commission etc. sounds like you would owe more than you can pay off by selling? Sucks. Maybe you can "unload" it assumable...

I went to school at the university, and I was a renter. Every year I`d go back to Calgary for work, then get another place in September. One thing you have to watch out for is that due to a lack of summer jobs, students leave TB to go back home for the summers for work and family. My class...

Well put Thomas, Perhaps I do need a chill pill. Sorry for the rant. Just for the reasons Thomas laid out, Sask is either over priced, or Edm / Calgary are underpriced. House for house comparisons, similiar neighborhood to similair neighborhood I`ve made for Saskatoon vs Edmonton do NOT...

So are you invested in Sask? by one of your posts, your logic was the faster they go up, the harder they fall, right? Sask went up by a greater percentage than Alberta (look at the averages, ereb vs srar and do the math, instead of heresay), so it should fall harder, right? Or is everything...