Hi all,

Update: I have taken some advie & increased the offer. The problem: I still couldn’t get her to answer my calls, so I sent her a text message offering her $1000.00 to move by 20 December (I even made sure by saying 2004!) She has now responded and she is pretty much out of cash leading up to Christmas, as well as being 2 weeks behind in…[Read more]

Ienz,
You’ve misread the topic. I’ve purchased a property to renovate & sell. To generate cashflow, to buy longer term assets. It’s somewhat difficult to renovate with a tennant in the unit. I was asking for any advice (yeas legal) to get her to leave.
Tennants are great, for cashflow investing, I’m trying to build a cash base to purchase more…[Read more]

Hi All,

Just a thought, but we have them from time to time. How about the best of both worlds?
Buy the property in a trust (with a corp. trustee. The trust is to be discretionary make sure of it). One of the benficiaries of the trust could be a company.
The method in the madness- By distributing profit (a trust “must” distribute all profit) to a…[Read more]

LifeX,

Just for those reading this topic literally. I WAS KIDDING. Option 3 will alway end in tears, generally not the tears associated with joy either. [cry]

Cheers,
Nath

Hi all,

Again, thanks for all thoughts.
LifeX. The next one was done a lot more smoothly (paid the owner $2750.00 for 11 weeks of relocation costs) while we are doing the same. Paid by cheque to the agent (with receipt). Just about too easy.

I guess from mistakes comes some form of wisdom. Not to mention the steepest learning curve of all. Lucky…[Read more]

Hi all,

Thanks for your thoughts. It’s nice to know your not alone sometimes.
Here goes:
Immortality: Hmmm a little to time consuming one would think. Plus the loss of time (and $) along the way. The term runs out in March 05 maybe it’s easier just to sit it out, It’s just, time is money, and the rest we all appreciate.
Derek: Nothing, she’s…[Read more]