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Hello BPers, I have a question regarding the purchase agreement. The seller accepted my offer but changed the title company. Is there anything that I need to be aware of? Or this doesn't matter?Thanks.
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I have the opportunity to buy 5 Student Rental Properties at once in Hamilton, Ontario.I want to put them in one deal, at one purchase price, so I can get a "bulk discount." Is this the smartest option? I'll also need...
So my offer was recently accepted on 10/11. I just received the proposed contract with a time is of the essence closing date of 10/24. Is this a pressure tactic? I’m not sure how a full title search and inspection can...
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Hello BP!
My name is Alex and I live in Williamsport, PA. I've always wanted to get involved into real estate investing and decided to take my first step! I am currently in a purchase agreement on a 2 unit property h...
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We have an accepted offer on a duplex and the sellers want to stay and rent for 12 months at an acceptable rental rate. They also want to run their home daycare business from the property. What should we be concerned ...
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Hi BP,Quick question, if you purchase a rental property and inherit 2 tenants, how is the security deposit handled? Is the seller responsible for transferring the security deposit to the buyer or is the buyer now lia...
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I recently purchased a commercial property with a partner for 385K. The property is used as a restaurant and is currently being leased by a decent tenant. Not a strong one. The property is cash flowing 2K a month a...
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I have locked up a property that has been converted into 5 apartments. I am interested in creating a note for this property where I sell it to another investor. I have some experience selling properties on a land cont...
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Hi All,
I am a tax lawyer, and here is an update on the foreign homebuyer tax rebates in Ontario, Canada.
As of March 30, 2022, the Non-Resident Speculation Tax (NRST) rate is 20 per cent, and applies to residential...
Hello, I need a word of advice. I am ready to move forward on getting my first property on contract, but I have one concern that is causing a big cloud to hang over my head. My fear is what if a buyer flakes on me on ...