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.

People see the foreclosure numbers, and that banks are not even selling what they have, and then we have a whole new load (of REOs) coming on, and that's causing people not to price things effectively and accurately," Olshin said.

When I was a member of the local MLS, it was very enlightening to have access to all the information and search tools on there.

It is an absolutely worthless tool to use in assessing value for the purposes of an investor.What you pay for a property is what it is worth.

But they won't remember it, then they'll jump on Google and search for Sell my home, We Buy Houses or something to that effect.