I've always felt that I work hard for my tenants to create a positive experience for them. And this week, I got the best warm fuzzies from 2 different tenants. Out of the blue one sent me a youtube link of their daughter singing O Canada for the Wild Rose Campaign leader, and the other sent me...

I'm not sure where you are located, but in Calgary, I went through a company called Action Cabinets. They do custom cabinets and pre-made cabinets. They are made in warehouse and it allowed me to pick them up pretty much right away. I went with their available stock choices (maple). I believe...

Thanks for the insight everyone. I am definitely on a learning curve here! Albert - after checking the website you posted it is talking about "deemed dispostion" which is where my accountant is heading. According to that site I may pay capital gains. Is the capital gains due now or is this...

After living in my house for 9 years I moved into another house. I turned the old house into a rental property. My accountant is now telling me I have to pay Capital Gains tax on it because I have made $$ on it. I haven't sold it, why would I have to pay Capital Gains tax? Is this right?

Thank you so much Thomas for your quick reply. I should clarify that I am very much interested in mortgage paydown and equity appreciation. The mortgage paydown is part of my 3-5 year plans. With the equity appreciation I am okay to have a smaller, steady growth if my monthly cashflow is...

QUOTE (ThomasBeyer @ Aug 7 2010, 01:03 PM) Realtor has to know the immediate area you invest in .. say Barie or Hamilton or KWC or Halifax or Vancouver Island near Nanaimo ! Lawyer has to be licensed in the province you intend to buy in and should be a legal expert in investment real estate...

I am newish to real estate investing. I have 3 sfh and 1 commercial property in Calgary. I am now looking at growing my business and expanding to multi-family homes, with the focus being on fourplexes - six-plexes. My focus is monthly cash flow, not as concerned with high equity growth. I...