"convert it into Mortgage." This is a good idea, I did it once when my HELOC hit 200K and converted it to a mortgage. thanks for all the input

"LOCs are not for use as a down payment in a long-term hold. Bad idea." How about refi after 3 years and pay off the LOC, then use the LOC for another down payment?

My son is moving from Calgary to Toronto for his first job after university. He is going to work downtown and since this is his first job so he does not has lots of credit history. How difficult it is for him to rent a place (apt or basement suite) ? Any suggestions? Thanks for the advice in advance

Sorry this may not be the place for this post. well, I have been browsing this forum for quite sometime and had invested in a few single family houses. Read Some of Don`s books but decided to attend my first REIN event next week in Edmonton. What should I prepare and do to take the full...

I have an investment property coming up for possession. Problem is my current insurance provider will only insure my pricinpal residence and 5 rental properties max. This is my 6 rental properties. Any suggestion of any good insurance co/broker will insure one rental property without tieing to...

QUOTE (dwoychuk @ Apr 11 2010, 10:24 PM) I believe as long as it is considered a business expense then you can claim it. Keep your log as you are doing, but also keep note of your total mileage for the year and keep any expense receipts (gas,oil changes, repairs, etc.). However I would also...

QUOTE (slaw @ Apr 8 2010, 12:28 PM) I manage a few of our rental properties myself for a number of years. I am loging the mileage that use for the rental activities and claim tax at year end. Can I do the same and lease a car as mentioned above? thanks Hi, Can anyone offer some advise? thanks

QUOTE (DaveRhydderch @ Apr 2 2010, 10:13 AM) You can do it to the extent of personal use vs busines use. Keep a log that chronics your km. At the end of the year, figure out what % of your driving was for business, and you can deduct that amount. I.e. 50% of your car use was business and your...

QUOTE (slaw @ Mar 1 2010, 12:56 PM) I purchased an apartment in Richmond and need a property management co. to look after the rental. Anyone has suggestion? Thanks Any recommendation from Vancouver/BC members? I have the possession in May so just need to plan. thanks

I purchased an apartment in Richmond and need a property management co. to look after the rental. Anyone has suggestion? Thanks

Hi all, I am new to this forum. I own a few rental properties and manage by myself for a number of years. The rental income and expenses are reported on my personal tax yearly. Like to know if I set up a company to run this business, what is the pro and con of doing this? Taxation? opportunity...