Look at me taking charge of my financial future!

Its no different than a tiktok video on financial literacy gets not views but if its a person shaking their you know what or talking about spitting on something they become instantly famous...

I'm not motivated, but the homes needed work I didn't want to do or I did if for strategic tax or debt shell game reasons.

This gave us peace of mind and ensured that any unexpected incidents wouldn't result in major financial setbacks.These two choices have played a crucial role in optimizing our STR strategy, balancing profitability and protection.

@Jordyn Ohs Suggest you run a financial model and assume 100% vacancy.

If you have the means to cover debt, you can avoid the accounts being liquidated.   

To defer all of your gain, you'll want to trade up in value, replace all the debt (meaning new properties have at least $350,700 of debt), and not take any cash from the exchange (this is boot which = taxable gain).As for replacement property, it just has to be real property - meaning it can be commercial, STR, land, etc!

Meet with financial advisers/wealth managers and see what other options other than real estate there are and how to best allocate / diversify. ie have you maxed out your TFSA?

Looking to discuss with lenders on financial options.Please DM methankskaushik Sarkar

Wealth Building: Paying off the first STR focuses on cash flow and financial security, while buying another property focuses on scaling and wealth building.