Seems the oil producer is going to cut off the wrongful buyer anyway.

I find it incredibly strange that a company would extend credit to someone and report it to the Credit Reporting Companies without first checking credit.

The downside is you may be in a high (or higher) income tax bracket in retirement, so you will be paying lots of tax on your withdrawalsIf you earn a modest salary now or have a business which carries some of your living expenses (i.e. vehicle) - or have rental properties in your own name which are not producing huge cash-flow {yet} - but expect to have larger income/assets in retirement, then a {Self Directed} TFSA may be a better fit.While I have both, at the moment I keep most of may capital in my companies and only draw a minimal salary.

Now, if you mortgage broker is finding you products from tier II lenders, then you will get a larger mortgage (though technically you still need to qualify at the BoC 5yr posted rate w/ a 25yr amortization) as they have more appetite for risk ... you will also pay for that appetite 4.5 - 7% If you can produce signed leases and tenant estoppels for the property you are purchasing, most of the banks will count 50% of the rental revenue in addition to your earned income {some use to count up to 70%, but most have pulled back} for qualification.

Louis, dioxon was found in the paving in the streets, the entire community was closed and fenced off, time holding property there certainly didn't produce more equity.

I would repair the carriage house if it will produce $1,800 per month in rent for a $40,000 expense.Good luck.Bill

While it's not measurable ROI, I really do have the feeling that (like I was blabbing about before) all the little things add up to longer tenancies, which reduce vacancy/refresh costs, and do produce ROI through that channel..

What we have put in-place for ourselves would likely not be appropriate in you situation.In Canada I was going to start investing as sole proprietorship so i could get the lower tax rate ( the need for liability protection via corporate structure is lower in Canada).When you are first starting out there can be benefits to holding {residential rental} property in your own name - especially if you are expecting to produce negative cash-flow in the first year or two as you can use the loss against your earned income from other sources.

You can build a ladder as when you show income on property for 2 consecutive years, it's income producing (rather than debt) for mortgage purpose.

I know this can be come and in many cases I have seen it done for less and for units that then produce $450-$500 for a 2b/1b so $900-$1000 for the duplex total.