We are a small club that meets monthly over food and beer at a local establishment. There is usually a lot of lively discussion and occasionally be get a good speaker to help us in our businesses. A few joint ventures have happen between members and we are always sharing opportunities with the...

Hi All, Our monthly meeting is this Wednesday at 6PM rather than the usual 7PM start time at the the Marienbad. Our speaker this month is Carmen from Profunds. She will talk about some of the current investment opportunities she has available and private lending in general. If you have...

Is there a way to pay to have an ad for my rental I want to sell on the 'For Sale' section? I am not a REIN member. Thanks Mike

Hi All, I expanded my vast empire to 2 properties back in June. Now i need to figure out how to sort my taxes. I get that expenses for property A are allocated towards property A and so on and that I file a seperate form for each property. What I am unsure of is items that are not...

Had a couple of rental properties offered to me via an old co-worker but am not in a position to take advantage of them at the moment (Over extended with other things I have going on at the moment). I have offered this opportunity out to a few people I know may be interested. What do...

Next meeting Wednesday September 21st at 7PM at the Waltzing Weasel Pub. The Weasel is at the corner of Adelaide and Windermere and we are meeting in the upstairs room (ask a server). The group has been meeting for the last 5-6 months and we are currently meeting on the second last Wednesday...

Newbie question: Should I keep separate bank accounts for each property (when I get my second one :)) even if I am the only owner? I could see this if you have JV's on properties. The follow-on question would be around the accounting. When you file, I know there is a separate for for...

What are people getting on Closed Variable mortgages at the moment? Particularly interested in where Scotia is at. I am sitting at prime - 0.75% and wondering if it has gotten any better. Any opinions on how low this can go? Mike

A friend of the family has just retired from the local police department after 30 years. Over the years he has done renovations on the side and is going to go full time now. He would still like to spend 3 months of the year in warmer reaches and is looking for opportunities to trade his skills...

My wife was looking at getting some formal property management training and we came across IHM (The Institute of Housing Management). It offers a program that looks like it might be decent. Anyone have any experience with the program or other recommendations? Thanks Mike

So I just went out today and refinanced by `3 mortgages` from Prime to Prime-0.75. I was 9 months into a 5 year term and it cost me about $2550 for about $360000 in loans with a reset 5 year period. Based on a simple calculation, the payback seemed like 1 year. Am I correct in my...

I have a few soft copies of leases but none of them have all the stuff I want. Non-smoking, tenant insurance etc. And there is some extra stuff that I don`t think applied in Ontario. How do folks usually deal with leases and additions/changes? Take it to a lawyer and get them to add it or...

I have a property that needs a lot of work. I didn`t realize just how much when I bought it but I am making progress and will end up OK over the long run. However, my initial reno budget got eaten quickly and a leaking drain pipe on the 3rd floor has eaten into the slack. The first thing I...

Looking for a good accountant with a strong Real Estate understanding in the London area. email to m_mccracken at rogers dot com Thanks all.

Is there a way to make the textbox I type in to post work again with Firefox? I get no cursor and the arrow keys do not work and I cannot use the mouse to move the insertion point. It used to work fine but has not in a couple of months. True from multiple computer I surf from. Thanks Mike

I have been interested in Solar Power for some time. Recently I discovered Ontario Power Authorities Fit and microFIT programs which provide a guaranteed $0.80 buyback rate for solar generated power for 20 years. The next week I discovered this site...

Am I correct in my memory that someone before has mentioned that it is the tenants responsibility to ensure that the rent is delivered to the landlord by midnight on the first? Ontario question. I generally drive out and pick up the rents on the first as the inherited tenants do not have...

Just wondering what you all add to your leases and why when you have your lawyers do them. Mike

I was in Staples today and they have various disks that they claim contain wills, rental agreements, rental applications, credit check consents etc. Anyone have any experience with them? They seem to indicate Canadian specific, not Ontario specific. I was thinking that for $20 it might be...

http://en.wikipedia.org/wiki/Health_spending_accounts Just stumbled onto these accounts last week and find it interesting as I never seem to be able to write off medical expenses on taxes. Having one child almost done with braces and another in the queue, this sucks. I chatted with my...