Business - General

Description

Starting a business? Growing a business? Staffing issues? Scaling up? This is the place to ask and answer all those important business questions!

Reite Club Business Registration

Submitted by AceContractor on Thu, 04/01/2021 - 15:47
Hello everyone, I've joined up on this forum to help expand my network in these strange times. I recently sold my shares of Blackjack Contracting (a REITE Club partner) and am hoping to register my new business in here as well. I'd be happy to help with any questions anyone has with the contracting world, especially multifamily conversions. My issue is I can't seem to register as a business. I get to a certain point after filling in the information and get to a page that says I am being redirected, but it never happens! Looking for help or suggestions! Regards, Bill

JV's and Tax Filing Consistency

Submitted by hr@thewindrosegroup.ca on Wed, 01/06/2021 - 17:11

Question for George Dube or Peter Cuttini - our investor accounting specialists - When securing financing especially for AAA rates, we often need to provide full T1 Generals both personally and corporately for the last two years to the lender. The main reason is to determine both income as well as profit/loss from an existing rental portfolio for debt service ratios. We have come across a number of times where JV partners are not coordinating how they are filing the profit/losses on their portfolio e.g. one might not even declare at all while the other does 50% as per JV Agreement.

WHATS YOUR LATEST WIN???

Submitted by apal@palpropertysolutions.com on Thu, 11/12/2020 - 22:43

We just managed to do a really cool deal that I tohught I would share with the forum. A young lady called us as a prospective seller with us being the buyer. She didnt want to go through the whole listing process, she just basically wanted her money out. In further understanding her circumstances, she actually didnt have a mortgage on the property at all and she was planning on just moving in with her brother. So no real plans to have that money work for her down the line.