I just bought my 2nd rental in Ontario and I showed the bank that I had say, $20K coming from a chequing account, when in fact I am pulling money from my line of credit.I am using the CF to pay off my LoC, while my chequing account will have the $20K sitting ther,e ready for the next deal

Suite 220Austin, Texas, 78758C: 512-751-0421 E: [email protected]

Like many other landlords, I am concerned about reporting my expenses and other transactions correctly.  My CPA is expensive, and I want to make his job easy.I have started a blog to track how to categorize expenses t...

Then you'll know what to do in the future @Michael E.      

If you describe the physical layout in a little more detail @Carson E., I may be able to give you few options for supplemental heat.

While you asked about R/E commissions, you received lots of great feedback...people must really care about you and Michael!!

Hi @Bob E.

Not only that, but lending to the poor also became a qualification for take overs and mergers, if you had not lent enough to the poor, then a take over would be blocked.So in one stroke, ability to repay took second place to other things.Mortgages were then made, packaged up into so called bonds and sold to investors (not re investors, but people like pensions companies etc).In 2006 a lot of these packaged mortgages were found to have deficiencies, eg people not repaying, and the investors holding these investments started disposing of them.Banks were asking accountancy firms in the City of London and Wall Street to start unpacking each one of these instruments to redo e paperwork and pull out the bad loans and then repackage them.The Banks were offering in London £50,000 to redo one of these bonds (for a better word) and offer insurance on the bond after it was repackaged, the auditing and accountancy firms asked for £250,000 per bond and no insurance. 

One of my units requested to terminate their lease early because of a neighbors cigarette smoke bothering them.

You can send e mail invoices and accept credit cards (or leave that feature off like I do).