We strive to answer each question to the very best of our ability using our own direct experiences. There are many specifics in real estate investing that your particular community will have - we don't pretend to know what those are.
Submit your question below and we'll get to as soon as we can! We do our best to answer almost every single question submitted...
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Getting Started with Investment Property in Canada
So I have have read many books and initially got drawn to real estate after reading "why we wan't you to be rich" by Donald Trump and Robert Kiyosaki.
I ...
Deferal of capital gains tax in Canada
In Canada can you defer capital gains tax by re-investing the capital gain back into more real-estate like they are able to do in the States?
I need more, but don't know how to start.
What the heck, it never hurts to ask.
I am the current owner of a single family investment property in Guelph Ontario.
This house is currently ...
Home real estate investing in Québec?
Hi Tom & Nick,
Read your income for life book and found it very interesting.
What would be your advise for home real estate investing in Québec vs ...
How to start real estate investing?
I have to say I am a fan of the website and your videos on YouTube are great.
I am 18 and I just finished my first year at the University of Prince ...
Canadians Investing in Florida Condos
Hi,
I live in Montreal, Canada and I have 2 questions.
1) Is it worth buying a condo in southeast Florida and renting it out long term during these ...
Real Estate Prices Through The Roof But Population Down
All input, providing an understanding of the following comment, is much welcomed and appreciated.
How in the world do REAL ESTATE values, of most cities ...
Investing Beginner Specifics: Mortgages, Zoning, Lawyers, Accountants
Hey guys, I'm soon-to-be-new to real estate investing (I have some background knowledge in the area and with other investing and the principles and governing ...
Good Leverage or Bad Leverage?
Hi Tom/Nick,
I am looking at purchasing a duplex.
I will be using my a HELOC to cover the downpayment. This will be paid back on a schedule from ...
Canadian Mortgage Qualification
I would like to begin investing in real estate.
I have approximately $60,000 equity in my own home but my only source of income is a disability pension....
"Depreciating" Investment Property for Tax Purposes
Gentlemen,
Your website inspired me last fall to purchase my first investment property.
It's been a great investment, created splendid cash flow ...
Property Aquisition:Personal or Corporate?
When acquiring an investment property for the purposes of 'buy & flip' or 'buy & rent' is it better to purchase the property in your personal name or in ...
Real Estate Investing for Non-Resident Canadians
I am a Canadian citizen who has been living in Portugal for the last 10 years.
I am interested in your real estate investment ideas but wonder if they ...
New Government Rules
How are the new rules the government of canada announced for lending going to impact the strategies you teach? No more 5% down for speculators, it's now ...
In debt and doesn't own a home...
Hi Tom and Nick,
I signed up for your real estate investing class but after reading your e-book I'm wondering does it make sense to even attend because ...
Non-payment of rental income. What action to take?
Dear Tom,
I have a rented income hosue in the Richmond Hill Area, at the end of the leased.
I have not collect the rent for a couple of months, what ...
How do Land Transfer Work With Lease Options?
How does Land Transfer Tax work on a Rent to Own?
Is it paid once (when tenants exercise option to purchase) or twice (when you buy the unit and when ...
Need a home but also want to start real estate investing.
Hello
I am very interested in real estate investing and I have been doing some research on this before going ahead with it.
I want to start investing ...
Canadians doing some U.S. Real Estate Investing
We have recently decided to pool together our resources with some family members to take advantage of the low prices and low interest rates and purchase ...
Request to clarify a certain statement in your Income For Life eBook
On page 34 of the book, the second paragraph mentiones: "...Plus at the time of sale to my tenant, I get my down payment of $11,650 back..."
I DO understand ...
Leverage or Mortgage Free Investment
Hi Tom/Nick,
I have a mortgage free property with a potential income of $1800/mth. My estimated value of the property is approx. 320K if sold. I am ...
Where Do I Get a Student Rental Financed?
I'd like to be able to purchase some student rentals around the McMaster University area.
However, as soon as the banks hear that it's a student rental,...
Cottage Investment Properties
We recently bought a cottage lot and are not sure what to do with it.
If we build a new home on the lot we need to do septic, well etc.
And a new ...
If you had $100,000 .... ?
No, this is not a Barenaked Ladies spinoff (sorry to plant that song in your head now). I have had this question in my head, wondering what would Tom ...
What happens if things go bad?
After reading your book I'm more intrigued than ever. But I'm curious, particularly since a lot of this comes from the U.S., what happens if/when the market ...
Inheritance.
My wife is very likely going to inherit a 12 place apartment building near the university of Edmonton.
Her grand father was a successful man who invested ...
Assigning Real Estate Contracts
Hi,
My question is when assigning contracts, after the buyer and I sign the agreement do me and the seller sign a purchase agreement to?
Variable VS Fixed Rate Mortgage
RBC's 5 year fixed rate mortgage is 4.19%.
Their 5 year closed variable rate mortgage is prime (2.25%) plus 0.0%.
Their 5 year open variable rate ...
Rent to Own downpayments
Hi,
How do I structure a rent-to-own so that the option fee is considered part of the downpayment from the client's bank or mortgage lender's point ...
Are Two Single Family Homes a Better Investment Than a Duplex?
A duplex selling for $365,000.00 with each side rented for $1200.00 a month. Purchased with 5% down with a monthly mortgage payment of $1500.00
Versus....
Raw Land Purchase
Can a person write off the interest on a mortgage for a raw land purchase?
Financing, end if the road??
I have a finite amount to invest and although my personal covenant is good, I don't understand how I can keep building a portfolio when my equity is exhausted....
Investing Question From Vancouver, BC
Hey Guys,
I have to say that your newsletter, website and free book are all great, and definitely ideas that i am really interested in.
The only ...
Sorry To Be Blunt From The GTA
I'm reading the site and as a current landlord I am intersted in expanding my Real estate knowledge.
What I am trying to find is your business model....
Business Cash Flow Teleseminar on Wednesday November 25th, 2009
Hi Tom and Nick,
For those of us,who can't, for different reasons, attend the Wednesday , Nov 25 Teleseminar, will it be recorded and accessable at ...
Top up my RRSP and use that to buy my first property?
Hi,
I'm 26 years old and I currently have about $10,000 in my RRSP through a program where my work more than matches my RRSP contribution(free money)...
Should I pay down principal on an investment property loan?
I have investment condo that is rented and generates positive cash flow after all expenses.
However, the payments on the loan are only covering the ...
Selling Investment Property
I have a condo in Mississauga that I would like to sell before closing.
What is the best and quickest way to sell without putting on the MLS listing?...
Where do I find information on foreclosures?
I have been looking for forclosures, not because I am a vulture, but because I am looking for that great deal.
But I have not been able to find anything,...