I can't offer much in the way of figures or specifics, but I just came back from two months in Canada, where they have about 3 shows (2 Canadian, 1 American) on flipping, which in American terms is what you're referring to, except selling the property ASAP.Of course, they probably beat the figures up, and they didnt mention anything about capital…[Read more]

It's not new, in fact, it's about 20 years old, rented by Quest Serviced Apartments.I doubt capital gains on it would be astounding, but if you could make the numbers work, to me it sounds ok, though the returns aren't out of this world.Terryw, what sort of factors would make it difficult to finance? From a Lenders perspective, what makes it…[Read more]

Thanks Terryw,The no CGT thing piqued my interest as I didn't know about this one. I did some light reading on the matter.Am I correct in saying that if we purchase a PPOR, live in it for at least 6 months to get all the property virgin benefits, then rent it out, as long as we either move back in or sell in under 6 years, it will be CGT free?…[Read more]