All Forum Posts by: Joanne Boudreault

Hello

I own an estate country property North of Toronto currently rented out.

I have hard time figuring out the various options I could follow (keep it as a rental, sell it and invest in a more diversified portfolio etc).

It’s ironic but I am not a number person. Which professional should I approach to do this type of calculation for me? Any specific name in Ontario ?

Thanks in advance

Hello, Question for Canadian investors. What is the RE
investment strategy that overall you pay less total taxes on (annually and at the exit): flip, buy and hold, apartments, ? 

Thanks!

@Zorya Belanger

Hello Zorya

Great advice! I will! Can you send me your broker contact in Ontario? It would be very useful! Thanks again..

@Yu Liu

Hello Jake

It was a TD mobile mortgage specialist from Quebec that came up with this. I have ALL my business with TD and this has turned me off. I put 45% down on my primary residence located North West of Toronto purchased last year. I will go see a mortgage broker now. I’m sorry TD is letting me down.

Hello

Question for Canada REI experts.

I own a primary residence in Ontario

I am renting half of it and live in the other half

When I bought the house last year my bank didn’t know I would rent half (I didn’t either)

Now I am looking to buy another SFH as a way to dip my toes in the REI market.

I approached my bank (TD) and they seemed upset I rented half my current house. As a result, for the new house I would buy, they want to charge an extra 25% of my current mortgage as a down payment on the new house, in addition to the 20% down....

Do you know anything about this?

Seems odd to me.

Are there strategies to bypass this including changing banks? Or maybe forming a company?

Any hint is welcomed

thanks guys

Since then we discovered our US visas do not allow real estate investments in the US

So we must invest in Canada. I will contact my accountant. Thank you

Hello everyone

We would like to dive in the real estate investment world somewhere, US or Canada...

My husband and I currently live in the US with visas so we are both resident aliens. My husband is from France with only a French passport. And I was born in Canada and currently a “factual resident of Canada” since I still own my home there.

Problem is it appears we will be aggressively taxed wether we invest in Canada or US due to our transitory status.

I would to know if anyone in this forum has ever gone through similar situation, wether in US or Canada and found ways to lower the amount of taxes to pay to level similar to regular US or Canadian citizens?

@Jacob Perez thank you for the tips

I am a newbie in REI

I came across a nice 4plex that would need rehab.

In Ontario can I buy this property and right away let one tenant go at a time to rehab each unit then rent at a higher price without issues with the Act?

Other question the heat is not included in the rent (gas), I understand it’s not the ideal, should I avoid this? If no, how do you factor a fair price to split the heating cost so we don’t loose money?

Thanks for your time.

@Daniel Massicotte thank you and since then I learn QC is not as landlord friendly as other provinces.