I’m going to try to update the Real Estate section of the blog at least bi-weekly, now that I’m actually a property owner again.
On March 3rd, I closed on a triplex in Hamilton. The circumstances surrounding the purchase were complicated, but the short version is I was quickly going to need somewhere to live, and I didn’t feel like renting again while waiting for the Kissana quest to get resolved. A great opportunity came up here, and while it’s not the great investment that the Toronto property is, it was good enough to make the plunge. The mortgage and taxes are covered by the rents on units 1 and 2, and the tenants pay thier own electric bills. All that’s left for me to pay is the gas, which should average out to about $220 per month over the year. I can work with those numbers 
In Toronto, the Kissana saga lingers on… on February 29th, I had been summoned to a discovery by Kissana’s lawyer. Kissana proceded to go AWOL, and my lawyer advised me that the discovery was going to be a non-event. He was going to go anyway (gotta love laywers, never miss an opportunity to create billable hours ), and I decided to go just for the experience. To date, my court experience has been limited to small claims. I’m enjoying the experience!
So, given that the other lawyer can’t find his client, he isn’t there. But guess who shows? Kissana! In the flesh! I finally get to meet the source of my frustrations. He’s looking for a new lawyer - again - perhaps one that will do even more work before he figures out the retainer won’t get paid. My guy says he’s quickly running out of options. Who knows, I may have my house in Toronto by the end of the year. One can only hope. I grew up here in Hamilton, and swore I`d never move back. At least I have some great friends in this city, which helps a lot.
I`m jumping around a lot, I`m sorry, but it`s Friday so you`ll have to excuse me.
I also wanted to mention that I`ve set my mortgage up here to use the Smith Manoeuver. I`ve been researching the process for several months, and I am convinced it`s the way to go. I`ll post more on the setup in the next few days.
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