Hi, is it a good idea to invest in real estate outside of Canada?
Sometime ago I once had the opportunity to deal with a certain Spanish lady who was doing something with setting up a boutique hotel in Sri Lanka. I have absolutely no clue the ownership percentage of the hotel, whether it was...
I'm helping my father with his estate planning. He has a primary residence with (200K mortgage remaining) and a cottage property (free and clear). He's only 68 years old. Plenty of years left. But he's quite adamant to structure this now.
He wants to transfer the property to our names...
Relocating abroad? Buying a house in a foreign country for the sake of diversification? Inherited property overseas? Paying your mortgage in another country?
If any of the above applies to you, you should carefully consider the costs of transferring money abroad through your bank. Unwarranted...
Hello, this is my first post, so I apologize if it is in the wrong section.
I purchased a piece of property with someone years ago, and we had a verbal agreement that it was a 50-50 split on ownership. The actual deed is only in my name, and their name is nowhere in any official document. Now...
Quick question for anyone willing to take a look...
Let's say Im retired, I have investment savings and a rental property. Can I use the equity in my investment property to draw as retirement monthly income? Let's say I put a HELOC on it - Is the tax deductible in this case?
My uncle owned a duplex in which my family lived in 1 unit while he lived in the other.
My uncle sold the duplex to my spouse and I
but he continued living in his unit
until he went to a nursing home where he subsequently passed away several years ago.
Other than my daughter having...
My wife and I plan on moving into my son's house once he purchases a new one. I suspect we are not the only ones going down this route as we get older and a bit more fragile.
Thanks to the relatively "inexpensive" house prices in my son's locale and us merging our financial resources, it...
Hi, looking for help on how I declare an out-of-province property I purchased in 2015. Details:
- BC resident
- Purchased 3-unit rental property in Ontario in early 2015
- Half-ownership with a sibling
- Same sibling occupies one unit in property, pays "rent" towards mortgage / expenses
Well maintained, large detached two-storey investment property built on a .28 acre lot of land.
Each floor has an independent spacious apartment with modern furnishings, 2 double bedrooms (with A/C) and 2 bathrooms open plan lounge, kitchen, dining. Screened verandas and cooling sea breezes...