However, since the lease isn't effective until a month from now, you wouldn't get the keys until the move-in date shown on the lease.Mike

Since then the property has been vacant as I attempt to find qualified next tenants.For tax purposes for 2008, I am assuming the vacant days will only effect the income side of the tax equation and the remainder (depreciation, other expenses) will be allowed as previous years even though the property was vacant for 7 months of the year.

A Proper, non-profit oriented focus on Human rights, and a voice for passive resistance which can be a tool. 4.

You can be a very effective wholesaler if you just want to work in your spare time around your work schedule, but it will take a larger time committment than just driving around and finding prospective houses.

If I buy a residential property in Canada to rent it out by using a mortage loan is there a tax deduction on the interest of the loan.On the other hand, if I buy my first residential property to live in then how is this taxations and tax deduction effect on the mortage loan.

I think the issue is that Armando is a real Tool on his show and because of that he certainly won't get much sympathy around here.

I think most investors are conservative and place less weight on tax effects, but to completely ignore them would not provide the most clear picture about an investment decision.

It's a great tool.

Paint, little tools, gutters..Do I claim these items under "supplies" or "repair"..I bought about 1900 dollars in new appliances for the rental unit.

Through the first half of 2007 I was telling my membership to seriously consider selling most of their investments while the prices were still high.Then at the start of 2008 I told them it was too late if they had not already taken action and discussions turned to scooping up bargains and effectively managing their holdings to weather the economic storm.What I did not talk about was the hidden fraud at so many levels in the financial system.