Q: I own a house worth about $830,000.00 I am in the last 2 years of my mortgage and owe about $40,000.00 I owe about $65,000.00 on a secured line of credit and about $20,000.00 on a credit card...Continue reading
Q: My Dad and I are considering investing in a property together and flipping it after we conduct some improvements. He already has a small renovations business and a few trades people as employees. We plan to use the same ...Continue reading
Q: We are Canadian and we own a home in the Arizona and would like to give it to our daughter. What are the tax implications for us? A: When giving properties to our children we have to keep two things ...Continue reading
Q: I want to buy property and have a manufactured home put on it. What type of mortgage should I be looking for? Genevieve A: Hi Genevieve, The best way to get a mortgage for this is to arrange it so that ...Continue reading
Q: We own our home outright and it is valued around $850,000. We are considering holding our home as a revenue property and have been told it can rent for $3,500-4,000; and buying a new condo around the $1 million ...Continue reading
Q: How much below the asking price can an offer be made to seem reasonable for the seller? I hear people saying 7-8% on average, but if I believe that the true value of the property is closer to -30% ...Continue reading
Q: We have a commerical property in Cranbrook that is fully leased and brings in over $103,000/year plus NNN. There is a large retail tenant that has the bulk of the revenue (about $86,500/year) with 7 years remaining on the...Continue reading
Q: My question is, as we stand in late 2012, from your expert R.E point of view, what would be the ‘new Dubai growth’? In other words, where in the world would be the place to invest, it can be ...Continue reading
Q: Hi Kyle, I read in the Sun today that the OSFI is going to be watching over CMHC now and that there may be new changes to mortgage rules. What do you think ...Continue reading
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