It’s important to declare it properly to the CRA to avoid any headaches later, and many banks won’t recognize rental income if it’s not declared.From my own experience, we’ve purchased several properties in towns and cities just outside Toronto and often invested quite a bit in renovations, either to convert them into duplexes or to improve them before renting.

It will be recognized as a competitor to the banks.

If either party disposes of the property within this period, the exchange may not qualify for nonrecognition treatment, and gain may be recognized.

I default my underwriting to 1.2% to be safe, but in every case it is at least 1%.I recognize it is a start, but 2 listings in San Diego means it is not yet usable in my market.

Remember, they can always refer themselves😊Use one of the ideas below to trigger who they know that they could connect you with:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcPutting this in OVERDRIVECreate a spreadsheet (Excel or Google Sheet) listing everyone you can think of that would recognize your name or face.

But one can put in the simple energy and effort to do good analysis, good tracking, so can recognize when things are low and it's a buying season, and when there high and it's a selling season.

Since she recognized that she was no longer living there and her sons were not there, they were evicted pretty quick.Now I have an apartment vacant in the same building and she and her husband, along with her husband’s daughter and granddaughter want to move desperately.

.- Installment sale splits each payment into:- Interest (ordinary income)- Return of basis (non-taxable)- Gain portion (short-term in this case)- Depreciation recapture is recognized fully in the year of sale and taxed at ordinary rates.- Flip properties = no capital gains treatment, profits taxed as ordinary business income.This post does not create a CPA-Client relationship.

I understand LLC and LLP are not recognized in Canada for tax purposes which would lead to double taxation.

By recognizing a market-ready property and moving decisively, we proved that not every profitable deal requires a hammer—sometimes it just takes strategy and the right partner.