Messages

1

General / Re: Teaming Up

« on: August 31, 2006, 06:55:46 AM »

I'm interested in "apprenticing" with someone who is investigating/bidding etc.

Basically, my cash flow has been tied up for this year..unless I get creative.  This year I paid off my mortgage in Toronto, got married, bought a few acres of land in NB, and left my job to pursue another degree....so I likely won't be buying many properties

My goal would be to learn the ropes in regards to all the facets of making deals like this happen, and also have an excuse to check out properties and attend auctions/sales as a hobby.

As far as skills/experience go...

- A fair handyman, having owned multiple rental properties in Toronto and done most repairs/maintenance myself.  Accomplished at landscaping from my NB roots..everything from organic gardening to golf courses
- Familiarity with some of NB since that's where I spent the first 20 years of life
- Some experience in real estate dealing...residential in Toronto, land in NB
- Fair financial acumen , CSC courses , perversely well read on personal finance and personal income tax
- Computer skills...plenty.  "Wasted" too close to a decade doing all sorts of crazy things at IBM

Want i want...

Short term:

- Get my hands dirty...so to speak.  Would like to follow an experienced person through the process of investigating, visting, deciding to bid, bidding.  Willing to lend any of my skills listed above in exchange for the learning.

Long Term:
- Likely implement skills gleaned above in picking up properties in NB, and possibly a cottage lot in ON if I end up staying here long term. 

About me:
(Simply to know a bit about where I am coming from financially,etc)
29, Married, Debt Free, Active
Assets (estimates): House 300-350k, RRSPs 80k, savings 30k, house+land in NB??? priceless/worthless since I don't plan on ever selling it
Income: about 60k from various sources until I start my teaching career
Education: Computer Science, Starting UofT in Fall to pursue an Education degree and become a high school math/physics teacher

So as one can see from my financial scorecard I'm pretty house-rich, cash-poor and not planning many large expenses until my teaching career begins at which point all of that would pretty much be disposable income..that will be in a year or two so if some old hand wants to show a newbie the ropes I'm in.

2

General / Re: Falling coming soon.

« on: August 31, 2006, 06:20:42 AM »

Didn't I hear something a while back about some conservative plan to not tax capital gains as long as profits are reinvested?  I may have just been having a good dream since I don't see what would stop someone from selling and instead of realizing the gain invest in some new-fangled "clone" mutual fund that synthesizes investing in money market/GICs yet is treated as equity (just like how we used to avoid foreign content in RRSPs)....but I digress.  Has anyone heard of this because the best legal way I found to avoid paying capital gains on properties is to live in them for "2 of the past 5 years" and sell them as a primary residence...which required moving but saves a bundle.

If this scheme exists outside my imagination, I can see it really injecting some vigor into real estate market.

I apologize in advance for my likely poor understanding/misconceptions about this plan but since I left the workforce my former quasi-religious fervour for financials seems to have petered off.

Rob

3

General / is website behind?

« on: January 26, 2006, 08:05:23 PM »

hi, new member..site looks liek it has GREAT potential.

Just curious i notice there hasn't been a new listing on here in a couple weeks..is it still going?

4

New Brunswick Tax Sale Properties / Re: Do you want more Tax Sale Properties from New Brunswick?

« on: January 26, 2006, 07:50:19 PM »

absolutely.  Native NBer stuck in Toronto.  Heck even NS is good.