QUOTE (thomasbeyer2000 @ Oct 11 2008, 06:02 PM) appreciation of 2% is way too low .. assuming it is in a town that doesn´t die .. 10% is reasonable .. option 2: try to convince your brother to take the annual 10% at the end .. i.e. $20,000 in ten years, or whenever you sell the house or...

Hi, First of all, I know...don`t deal with your family!!! Well here goes anyway. I am considering having my brother help out with the downpayment on a house that I will live in and own. His share would be $10,000. In return he will receive a yearly rate of return on his investment, with a...

QUOTE (RichardCanfield @ Mar 22 2008, 08:43 PM) There is a program available to get access to your RRSP`s indiretly. The net Cost is 6%. Essentially you use your Self-Directed RRSP account with your Trust company (CWT, Olympia, TD Waterhouse) and invest it with a company for a 4% Bond and...

Thanks Garth, I will check the website out....I suppose I could also go and do 2nd mortgage rrsp loan as long as there is going to be a great return on investment, however I truly wish to concentrate on owning my own investment property first. Glen

QUOTE (MikeMcCrae @ Mar 22 2008, 03:57 PM) Directing your RRSP money to your corporation would not pass the arms length rules. Legally you can not use your RRSP money to buy a property for your self. Thanks Mike

Hello everyone, I have previously participated in the home buyers plan using rrsp about 8 years ago when I was still married. That house under the HBP has been since sold, and another house purchased with my now ex-wife. I am no longer owner of that house. My understanding of the HBP rules is...

Hi Mike, Thanks a lot for your advise, I really do appreciate it. I feel now that it is probably not the time to choose this property, due to the half hour walk, as you mentioned, and the fact that since this property isn`t exactly among a slew of other student rentals, and that the coming Fall...

QUOTE (MikeMilovick @ Mar 15 2008, 11:25 AM) Reason 8Property work load on student housing revolves around "marketing" and "outgoing/incoming" activities. Marketing is done January to February - typicaly. Outgoing/incoming either end of April or end of August. Its really not a year round...

QUOTE (TomNamestnik @ Mar 14 2008, 06:13 AM) Hi there, I love student rentals, and in my personal experience, even with the turnover being more frequent, I have experienced a lot less headaches with the students. Very important factor to help you with your decision is the location. Student...

QUOTE (brentdavies @ Mar 13 2008, 06:42 AM) HI, here is my 2 cents worth of knowledge In Edmonton, Nait (north west) which offers 2 yr courses, the students typically rent for only 8 months of the year. They may keep the suite over the summer, ( due to the tight supply), but are gone by may the...

Hi, Which scenario is better in the investors point of view? SCENARIO A: Rent main floor 3 bedroom suite to a single qualified tennant (standard yearly lease), while living in the upper suite. Combined rent approximately $1050 or, SCENARIO B: Rent main floor 3 bedroom suite by the room to...

QUOTE (UTCVenturesLtd @ Feb 13 2008, 01:22 PM) I do know of a guy who was making a triple digit wage and quit his job, set up a corporation and didn`t pay a dime after that for child support. I think reducing your amount payable is one thing but to avoid it entirely is another! I am separated...

I am not an investor in real estate, yet....but, since I am here, I`m on the right track. I will spell it out as clear as daylight, `cause others are afraid to. #1: If your tenant cannot afford the cost of cheques...then you have problems far beyond how you will be paid. #2: A tenant paying...

Hi, I was wondering if anyone in the Windsor area can give credible reference to professionals in the Windsor area that deal with Real Estate Investment. Such as Real Estate Agents, Lawyers, Accountants, mortgage brokers....etc. Thanks, Glen

I am starting to think that you, Don, have ESP or something. Just about 15 minutes ago, I was just talking to my best friend of (20+ years) about a potential joint investment property. We plan on taking things very slowly, but I think I may have found a very good potential investment property...