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    City wants me to apply for Lodging House business license for airbnb house

    This happens in Calgary, I got a letter from city about from our neighbor complaints that I am operating Lodging House for my airbnb. I think this is because sometimes our guests happened to park in front of their houses (someone else parked in front of our house) and it is a public street. So...
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    Please help with mortgage math

    Hi guys I got a problem and I am not that great with Math so here I am asking Math wiz people on this forum :-) I got my mortgage last Dec for 5 year closed for amount of 278000 at 5 years closed rate 3.09% :-( so i asked my bank for options and they gave me this Option 1; add the penalty to...
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    Does 40% downpayment requires income verification?

    Hi everyone, I have foreign friend that wants to invest in Canada and he was curious what is the minimum downpayment that he needs to able to purchase a rental property? Does it even exist? Thanks
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    Using RRSP Or HELOC for Downpayment for investment property

    I would like some feedback concerning the possibility of using my RRSP or HELOC as down payment for purchasing a rental property. My current RRSP is around 70K & my HELOC is 140K and I have probably 40K in my saving. I am looking to buy a property in range of 300 - 400K and already got...
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    Cash on cash vs cashflow positive

    Hi I am looking to buy a property in Calgary that can generate some positive cashflow. However, I saw couple posts from investors who concentrate on cash on cash return rather small amount of cashflow so I am curious what is the reasonable rate for cash on cash return for Calgary market because...
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    Look for good realtor to work with for income property

    Hi everyone I am facing quite a bit of dilemma so I hope someone can shed me some lights. I currently look for income property and got my financial in place for around 350K, I am working with a realtor who was recommended to me by the mortgage broker, he is a nice guy but does not have income...
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    What direction to get start

    Hi everyone, My name is Tyler and I live in Calgary. I just start out on my personal belize and want to become a real estate investor. My current goal is get my self specialized in single-family home and hopefully i can find my first investment property that fits my score sheet. However...
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