I bought a primary residence in 2000. I lived in it until Oct 2012 at which point I has a tenant move in on a 1 yr lease. I wish to sell this property in 2014. The tenant is on lease until Oct 2014, but will move sooner if need be. I paid $100,000 for the house in 2000. I hope to sell for...

Hello, I am in the midst of screening people to rent a detached rancher house in Vancouver, BC. I am looking for a long term rental/lease, and am seeking a copy of an appropriate lease agreement. Does anyone have a source for these ? I already use tenancy agreements w/addendums for suites I...

I have a suite in my home that is currently rented on a month to month tenancy. Due to issues with the tenant, I am considering my options regarding eviction or terminating the lease. Can a landlord in BC choose not to renew a (month to month) lease as a way to legally evicting or getting rid...

Greeting, I recently bought a house with 2 suites. I agreed to let one of the tenants stay when I bought. Its now been 3 months, and the tenant needs to go. How do I get rid of her legally ? I was thinking of writing her a (polite) eviction giving her 60 days notice and stating that its due to...

I am advertising a rental suite in my home and have had a number of inquiries. I would like to check references, former landlords and employers etc, etc. I`m wondering if there is a generic form/application that I can get interested people to fill out ?prior to showing them the suite. Kind of...

Greetings, I know I have talked about this before but... I have a house that was my principal residence. I bought another house with 2 basement suites which is now my personal residence. I am currently doing renos on the 1st house (former primary residence) with hopes of either selling or...

I just purchased a house which had a 1 bdrm basement suite. The suite has been rented to same tenant for about 8 years with no rental increases. There was a damage deposit paid initially. The previous owner and the tenant had a verbal tenancy agreement as follows: Rent = $575 pm which includes...

I just bought a house w/ 1 bdrm suite in the basement. I will be occupying the upper floor. The lower suite has been rented by same tenant for about 8 years (with no rent increases) and would like to stay. Tenant did pay a small damage dep initially, but is not currently on any type of lease or...

I own a house in Vancouver that I live in. Its never been a rental property while I`ve owned it. I just bought another house which I intend to live in after getting possession on Jan 31st, 2010. My intention is to reno the 1st house and sell in the spring. The house will remain vacant until...

Further to my previous post.... Can anyone tell me what % the capital gains tax will be here in BC when selling a non primary residence ? For example: If I sold a detached house for $250K and walked away with $165K after paying off mortgage, realtor commission etc,etc...

H There, I bit the bullet and spent all year last year pursuing my real estate licence. Due to this I had little income last year and as a result, my NOA (notice of assessment) for 2008 is low. I was pre qualified with my bank/broker last year based on my 2006/07 NOA`s for about a $500K...

Surrey has just implemented a revitalization plan for this area. I think it will increase property values. Anyone have any comments about this area ? Thanks, Wayne

I`m planning on buying a up/down suited detached rental property. How do I address the utilities ? I`ve seen some properties with seperate meters which would make this situation easier. How do the tenants share this resposibility ? Please advise me as how to deal with this. I will be an out...

I have recently spoken with the Kinch Mortgage Team (Thanks Rob) regarding a 5 year plan and investing in up/down rental properties. The money part seems pretty straight forward, but I seek advice on the following: 1) Tenant leases - How to create ? Can you get tenants on a lease after...

I have 150,000 to invest. I`m thinking of investing in rental properties. I would like one to be my principle residence. Should I put all 150K into principle residence (with lowere rental suite) and get LOC on it to invest in second,third, or...properties ??? Or should I split it down the...

Hi again, I just went through Dons book "Real Estate Investing In Canada" again and am taking steps to purchase property/ies. This is my scenario. I currently am looking to relocate to new smaller city close to where I currently live. Houses are cheaper and I have my eye on a few up/down rental...

I am new to real estate investing and am seeking advice. I bought a rental property in 2002 with a tenant in place for $100,000. I moved into the house in 2002 and still live there today. I have approx $175-$190K in equity in the home. The house needs works, and will probably be torn down and a...