Michael Rosehart
Toronto & Vancouver Home Owners are MEGA RICH?! (on average)
The average mortgage debt in Toronto is $194, 000 and 259, 000 in vancouver. Given the average house price is in toront and vancouver is north of a million are we surmising that the average torononian is mega rich? ...
Robert Biggerstaff
Reserves for a rental property
What do you personally keep in reserve for each one of your single family homes? For my area and the value of my property as it seems prudent to have no less than 1500 in reserves for each property.
Mike G.
Palm Springs Vacation Rental Management
I am closing this week on my first property, which I will use for short term rentals in Palm Springs. I have done pretty extensive research on what to expect with city regulations and have used a lot of online tools t...
Account Closed
Am I thinking about the tax benefits of renting real estate correctly?
Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...
Steve NA
Has anyone in this Forum EVER had a Trouble
Hi Forum,I am New to the BP Family and I see that everyone on this site appears to be very friendly and willing to share information, unlike a lot of others I've been a part of. Being that I am new and I have read a l...
Mason B.
too good to be true? What am i missing here?
Hello from Chicago, New to real-estate and potentially interested in starting with multi-unit properties here in Chicago. I been doing some light searching around and found some pretty impressive numbers with relati...
Mark Beekman
Operating Expenses Estimate Too High?
When I find a promising multi-unit rental property, I usually assume that 50% of the gross rents is what I'll have after operating expenses to pay my mortgage. The listing sheets have a breakdown of the operating expe...
Vlad Kuzin
LLC and Payroll Questions
There are hundreds of topics on this forum regarding tax strategy for LLC. When I talked to my CPA, they explained if I will classify my company with IRS as S Corp, then I will be avoiding paying self-employment t...
Evan McLeish
More mortgages in canada... who will lend the most residential mo
Who in Canada can lend the most mortgages or doors ? RBC does up to 7 residential mortgages.National used to do 16 but they are out of the game now
Blake Cormier
Self-Employed and Low Prices: Am I going to have to get creative?
Hi all! I'm just getting into REI and I'm looking to get my ducks in a row before just diving in. In doing my research, I've come across some potential snags that I wanted to get your advice on.MY GOALS: Within the ne...