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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)
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17 March 2020 | 3 replies
I think Dupage County just took a similar measure overnight too.I think this will be come an big topic on BP in the next couple of weeks when tenants lose income from reduced or total loss of hours added to the fact that they will learn the eviction process is even tougher to accomplish then it normally is in and around Chicago.
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20 March 2020 | 12 replies
I've spent the past couple of months researching this topic and came up with the same conclusion as Mike S.
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16 April 2020 | 13 replies
This is an interesting topic.
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19 March 2020 | 6 replies
2. use the 'search' function to find topics, members and areas of interest.
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20 March 2020 | 4 replies
May be helpful.https://www.biggerpockets.com/forums/51/topics/815641-coronavirus-and-student-rental
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28 March 2020 | 2 replies
Any links or references to forums relating to this topic would be greatly appreciated.
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26 March 2020 | 13 replies
Self-storage units haven't been a topic covered since I have been a member.
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19 March 2020 | 4 replies
Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you:http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.
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19 March 2020 | 4 replies
Smaller companies are easier to over look some of these topics if they stay pretty busy.