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13 January 2025 | 7 replies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.
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3 January 2025 | 5 replies
I went through this whole process recently of researching for Real Estate CPA and finally went with referral from friend that also invests in real estate.
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9 January 2025 | 14 replies
Quote from @MIchael McCUe: Money isn't easy to save and $10,000( my debts) is a ton of money I want to save for a downpayment, I'm just starting so I don't have any money I would like to save $60,000 to buy a rental property, I think I could do it in 5-6 years, my brother filed bankruptcy and they relieved him of $6000 in debt from cash money.a list of my debtGst Hst Tax 4500 income tax from working with my dad I oweScotiabank credit card 1400Canadian Tire credit card 500cash money loan 2400Belair 600echelon 600should I pay the 10k back in the next while or should I file bankruptcy like my brother as It won't be for years until I am able to get a downpayment for a rental house anyway.Here are the negative consequences, in regard to real estate, of filing bankruptcy1.
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6 January 2025 | 6 replies
From personal experience, this can motivate them to do a final deep clean before handing over the keys.Finally, for peace of mind, you might consider consulting a local real estate attorney.
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9 January 2025 | 12 replies
But I always leave the final decision to them so I'm not liable for their decisions.
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11 January 2025 | 4 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
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6 January 2025 | 10 replies
For "Foreign Borrowers" your loans are very limited.
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9 January 2025 | 9 replies
Last year one of our lenders would not lend to new customers or customers who have never did a commercial loan with them.
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4 January 2025 | 5 replies
One quote has the items listed, shows the price of each item as $0 and then has a final total.
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15 January 2025 | 24 replies
House hack another property with a low down payment loan and use the remainder or the proceeds to either renovate or purchase another investment property?