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a seasons greetings its all in big lengths this is the inside edge videoblog time for another investing 101 blog here as you guys know I like to do these every two or three months on investing in real estate so I wanted to talk this one is an important one and it has to do with adjusting your cost base when you convert from a principal residence to a rental property so this is kind of the way of one of my clients work and this is how I got started in investing in real estate I started by buying my principal residence buying a one-bedroom condo putting 5% down or 10% down living in it for five years saving my money while I did and then buying another unit that I would move into a larger unit and renting my current principal residence so its extremely important when you do this that you adjust your new cup capital cost base and what I mean by that is Ill give you an example here you buy the unit lets say thats your principal residence for $300,000 you move in and live in it enjoy i