Saving Tax on Investment Real Estate

Nobody likes to pay taxes. But not everyone knows strategies to make sure they only pay the minimum. My legal expertise could save you big money on the tax when you sell investment properties!

Check out this short interview I did in 2011. It was recorded when RMLO Law LLP was still called Ritchie Mill Law Office. #TBT #ThrowBackThurday

 

Buying or selling property in Alberta? Contact Barry now.

Problems with Real Estate after Closing

460px-Twisted_house,_Galveston_hurricane,_1900

 “I Want To Sue The Bastards!!”

That’s what buyers say when they discover problems after taking over a property because, “the seller knew about the flooding basement/mice in the attic/leaking roof”. When these kinds of questions come our way here at RMLO Law LLP, we turn to our resident litigator. If you have a problem where the only resolution is going to court, expect to pay a retainer and get prompt action.

Most things we buy (even used cars!) come with some form of guarantee or other protection from loss. Unfortunately, used real estate isn’t one of them. Apart from very narrow exceptions, you are truly on your own when it comes to dealing with issues that arise with a property after closing. This post discusses your limited options when trouble arises after you get the keys to your new property. Continue reading

Closing a Real Estate Deal

House-Money-Question

No, Really. How Much Time Do I Need To Close?

Our “Tales from the Trenches™” often deal with one of those “Basic” issues that we teach and train about at least a couple of times per year. “Basic” is when Tales reviews things that all real estate investors meet and deal with, deal after deal.

This time it’s that perennial question, “how much time do I need to close?” Continue reading

Welcome!

This blog is a place to share my 40+ years of experience as a lawyer and real estate investor. My practice is based in Edmonton, Alberta, but much of the content here will be applicable to Western Canada and beyond. I’ll be posting useful information on the legal side of real estate investment as audio podcasts and full text handouts, both of which are based on my popular Tales from the Trenches presentations for the Real Estate Investment Network (REIN). There will also be information about paying less tax when selling real estate or a business, upcoming events, and other exciting news.

SUBSCRIBE to this blog, FOLLOW me on Twitter, CONNECT with me on LinkedIn, and LIKE my Facebook page to stay up-to-date!

Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.