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Is it a good idea to claim depreciation on the sale of a rental property

 
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Is it a good idea to claim depreciation on the sale of a rental property?
0     In Canada Cont.37

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    Q. Is it a good idea to be pre-approved before i go looking for a property?


    "Its a very good idea to get pre-approved before looking for your new home..."



    Its a very good idea to get pre-approved before looking for your new home. Just make sure that you purchase your property within 90-120 days from the pre-approval or it will be expired. Also if you want the best rate then you have to close within 30 days from the moment you receive your pre-approval.

    This answer closely relates to:
    • Cca to claim on rental property good idea
      • Is it a good idea to be pre-approved before i go looking for a property?
      • Is it a good idea to depreciate a rental property in canada?

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    Q. Is it a good idea to be pre-approved before i go looking for a property?


    "Is behind you when you find your property and how much they are willing..."



    Pre-approvals do 2 things for you. Ist they get you a held rate to protect you from increases in the mortgage rates. 2nd they let you know that the bank is behind you when you find your property and how much they are willing to give you. Both ways you benefit from the pre-approval so do it today.

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