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Results (10,000+)
Preeti Madan Investment with 150k CAD in Toronto MSA Area
17 March 2020 | 3 replies
I remember when I got mine a few years back and very soon after was very fortunate to be able to secure my first home :)I, personally, would pick between options 1 and 3.Option 1:Pros: You'll have a bigger space that you can eventually redeem for yourself if you ever need it, and allows you to ease into investing by house hacking.It might be easier to get financing for another place in the future if you already have a lease in place for the current location and can show that rental income already coming inCons: Only the portion that you live in could be looked at by CRA as a primary residence and if you do sell at some point, you'd be liable for the capital gains tax on the part that was being rented out (https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains/principal-residence-other-real-estate/changes-use/changing-part-your-principal-residence-a-rental-business-property.html)Option 3:Pros:Allows you to have your own space, and understand the nuances of condo living prior to getting a second condominium propertyAllows you to experience some condo living as well as be able to save up waiting for the pre-construction property to closeCons:HST on the pre-construction property (Unless you decide to move into it when it's done)
Account Closed University 1 bedroom rental
15 March 2020 | 0 replies
I fixed it prior to selling: new carpet, paint, counter resurfacing, new appliances What was the outcome?
Phillip Henderson Solo 401k questions for the newbie investor
15 March 2020 | 4 replies
@Phillip HendersonAs I noted in my prior post, do not do that. 
Anand S. What Cancellation -- Strict or no?
22 May 2020 | 28 replies
I really think that when it comes to this time of chaos and fear, doing the right thing for those who booked prior to the pandemic announcement will pay bigger dividends in the future...All we can do is try to alleviate some of their fears and concerns and then let be what will be.Paul
Sami Gren How can assure that seller will have tenant vacate upon closing?
21 February 2021 | 5 replies
If the property is to be delivered vacant upon close, just verify that it's empty prior to the close. ie, house empty of people and contents.
John D. CA purchase and sale with seller-finance addendum contract
19 March 2020 | 3 replies
Important to note: If the Tenant/Buyer fails to make payments for 60 consecutive days, beginning on day 61, without any notification needed the Tenant/Buyer may lose all rights to this said property, plus all prior payments made will be forfeited to Seller/Landlord, and be considered, “liquidated damages”, plus this “Lease To Own” Agreement will be considered “null and void” on day 61". 
Nick Carlson Applicant talked about withholding rent and suing prev landlord
19 March 2020 | 5 replies
Landlords almost always ask for the prior landlords contact info.
Sean Sloop Flooring Design Question??
20 March 2020 | 4 replies
There was carpet previously in the home prior to me laying down VP.
LaVonne Eaton Syndication advice needed.
21 March 2020 | 10 replies
Plenty of great questions in Joe Fairless's book to ask any syndication group, prior to investing with them.For Blogs, check out BP Blogs such as this one by searching for "syndication" in the search bar and reviewing under category Blog:7 Things to Look for When Evaluating Real Estate SyndicationsDirect Message me and I can recommend a few other articles or podcasts as well.Hope that helps!
Justin DeMontier To Close or Not to Close...
20 March 2020 | 6 replies
I have a list of about 20 lenders that I called prior - 4 of which offer the long-term loan criteria that I'm looking for.