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22 February 2025 | 1 reply
Needs new everything floors, kitchen, bathroom, paint, roof, landscaping and also has termites and a tentant that's not currently paying rent, for a 1000 sqft property they want 160,000 for it, but my comps say for a rehabed house in similar sqft property in that zip code would sell at 220,000k and I would say it needs atleast 65,000 to 75,000k in repairs so my offer price was at 100,000 to 110,000 and the buyer will not entertain my offerI would like to offer more but if there are any surprises I'd like to be prepared for those cost during the rehab process.
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22 February 2025 | 2 replies
Residential buyers have been paying retail prices despite rising interest rates.
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14 February 2025 | 5 replies
Don't want to pay tax on selling the rentals I unfortunately don't think they actually want to utilize the 121 to sell their existing primary and then potentially buy another one-it sounds like the goal is to ultimately continue owing that initial home which I think makes this whole plan 5x more likely to be torn apart under audit because they're trying to end up with the same property they started with.
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18 February 2025 | 5 replies
You then will pay some long term capital gains, but you also have to take depreciation recapture.
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21 February 2025 | 9 replies
The intensity and same desire to avoid paying a licensed professional for his opinion.
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8 February 2025 | 7 replies
Pay to separately meter the utility.
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18 February 2025 | 16 replies
At least make Rent to Retirement pay for advertising!
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22 January 2025 | 5 replies
.- Cities like Toronto will levy another tax (Vacant Home tax) equivalent to 1% of the current assessed value of the property if the property is not occupied (rented, owner-occupied, family occupied, all count as occupied)- Land Transfer Tax: while the Province of Ontario charges anywhere between 0.5 - 2% of Land Transfer Tax when your transaction closes, you should expect to pay this amount twice if the property is in the City of Toronto .
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16 February 2025 | 4 replies
Do I really have to pay 8% of the security deposit to the PM?
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14 January 2025 | 19 replies
Happy new year, folks!