New Canadian Mortgage Rules Good for Investors
Friday, June 05
It's getting harder to buy a home in Canada, which is great for investors! Canada Mortgage and Housing Corporation (CMHC) insures mortgages with less than a 20% downpayment, and they are tightening up the qualifying rules. Starting July 1, 2020, at least one applicant for an insured mortgage w...
Losing Money Knowingly with negative cash flow? Don't be Foolish!
Wednesday, May 13
Losing money every month but getting saved by appreciation? Justifying your negative cash flow with thoughts like "It's the long-run that truly matters, and I'm making money in the long run." or "It's only a $100/month loss...I can afford it no problem." or "The tax benefits more than make up fo...
Infinite Returns in Hamilton, ON - Gotta Love 'em!
Tuesday, March 13
It doesn't get much better than owning a cash-flowing asset without any of your original money left in the investment! It took 30 months, but we now own a nice single-family property with a basement suite that will continue to throw off cash flow for years to come! Here's how the numbers break ...
Declining Affordability is GREAT for Business!
Monday, February 05
In many major cities across North America, the rise of home prices has outstripped income growth, eroding affordability. The average person can afford much less home than they could in the past – it has become harder and harder for 1st-time homebuyers to save up the downpayment and qualify for a...
Get in ASAP! (For the MAGIC of Appreciation)
Saturday, November 18
I was in London a couple years ago and we stayed with an older couple that lived in a 3-story townhouse with a small backyard. They had purchased the property for about $60,000 back in the 70s, raised their children there, and then renovated the kitchen and some bedrooms. When we were there, (2...
Experience or Education? GETTING STARTED in Real Estate Investing
Saturday, November 18
Becoming a real estate investor can be daunting – where do you start? Do you sign up for a weekend seminar, watch youtubes, and maybe read a few books? Or just dive in, purchase a property and then learn through experience? My answer? A combination of the two.Imagine standing on the edge of a...