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Recent content by JRL

  1. J

    Outlook on Marda Loop Area

    Hi Guys, Just wondering everyone`s take on the South Calgary/Marda Loop area in Calgary. There are a ton of re-developments going on there, and there seems to be a major pride-of-ownership increase. Would you say that this is an area in transition, or that the transition has already hit? There...
  2. J

    Taking a realtor to court.

    A suggestion: be slow to anger, and quick to forgive .. Humble yourself and turn the other cheek .. i.e. consider dropping the legal battle and your life will be easier and more productive .. and you will make up the 25K (or ten to 100 fold that) in no time elsewhere .. I don`t know if I agree...
  3. J

    Taking a realtor to court.

    All I can do is applaud your resolve in following-through with what you feel is right. I had an awful situation last year with a realtor myself, didn`t really know what to do about it, and now maybe you can shed some light on this with respect to whether I was ripped-off or otherwise unjustly...
  4. J

    Taking a realtor to court.

    Double post, sorry.
  5. J

    inherited lot - tax accountant needed

    As my parents are still alive, I am told that they would have to pay capital gains on the lot if they sign it over to me before they die. NOT a tax expert (am an accountant, though), but... I`m pretty sure that no capital gain can be levied until the property is actually disposed of and the...
  6. J

    Does anybody Capitalize the interest on their HELOC?

    1) I disagree because Warren Buffet once said "Accounting is the language of business, and you have to learn it like a language. You can`t be comfortable in the country if you aren`t comfortable with the language. To be successful at business, you have to understand the underlying financial...
  7. J

    Winner: Young Entrepreneur of the Year 2008

    It was rough, I didn`t fully respect myself or take myself seriously and was troubled with low self esteem and depression. I did however have big goals. First of all - and quite obviously - CONGRATULATIONS! I`d like to hear more about your story. What drove the change in you? I`m guessing when...
  8. J

    Does anybody Capitalize the interest on their HELOC?

    Sorry - may have been rambling a bit there. A bit of a celebration at work today as a buddy of mine got a new job so we had to run across the street and have a couple shots of Petron Anyway... CAPITAL Items: -anything bought that will benefit the asset long-term, so the goal in this case is...
  9. J

    Does anybody Capitalize the interest on their HELOC?

    Todd, I think it would be really helpful to a lot of us if you could create a new post to describe Capital items and Expense items. It can be pretty complex. Any chance you could put something together to help us learn about this? How exactly is this information useful to investors, anyway? I...
  10. J

    Raising Rents in AB

    3 years, wow! Congratulations! Sounds like a pretty stable cash flow to me. Can you not just incorporate an escalating rate clause in your tenancy agreement? Example, if his term starts on July 1st, 2008, and ends on July 1st, 2011, you could do the following: *HYPOTHETICAL DOLLAR VALUES*...
  11. J

    Advice: Becoming the best realtor for Investors

    1. What have realtors done for you that really stood out My first ever piece of real estate owned was a 1-bedroom condo in Eau Claire (Downtown Calgary). The agent who I listed with did a great job. He`s a hard-working guy, consistently bringing his own clients to view the property (rather than...
  12. J

    Can anyone recommend a banking institution for a small business chequing account?

    In theory, you`d want a smaller, regional bank, who would probably be more aggressive to get your business and (at the very least) offer you more personalized service.
  13. J

    Analysing the Calgary Market

    I`m wondering if their is a saturation with condos and whether we should consentrate on single family dwellings. Tell ya what - there are a lot of condo buildings in development downtown. It is a little concerning in terms of saturation, for sure. I guess the other side to that is that there...
  14. J

    Analysing the Calgary Market

    Hi Everyone, Let me preface this message by saying that I can`t wait to become a REIN Member, cash is tight right now as I`m one of the lucky people in possession of a vacant condo that I`m trying to sell. Just curious as to what everyone`s thoughts are with respect to when the Calgary market...
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