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20 January 2025 | 7 replies
If you acquire one new property each year, you could significantly increase your wealth and potentially position yourself to qualify for larger investments, like apartment buildings or construction loans, within 10 years.I’ve worked with clients who have successfully implemented this strategy, and it has proven to be an effective path to building long-term financial freedom through real estate.Good luck with your decision!
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19 January 2025 | 61 replies
There are also some benefits to leverage such as tax breaks that lowers the effective cost of borrowing the money.
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8 February 2025 | 34 replies
Should I make an offer with the qualification that all furnishings, dishes, pots, and pans stay, except for "personal" effects?
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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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19 January 2025 | 6 replies
Plus, you get huge appreciation here based on how many companies are moving and developing here!
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20 January 2025 | 32 replies
I personally like to buy in towns/neighborhoods in which no new builds are possible within 10 miles because all the land is developed.
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21 January 2025 | 6 replies
There is so much growth here - population growth, job growth, and companies moving and developing here.
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22 January 2025 | 56 replies
Much like by the end of this decade, I will take those same steps to become even less involved with work and have more times with my kids who will be really developing and that will be my focus.The difference once I made money, and was able to make it make money for me I de-risked by eliminating leverage.
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22 January 2025 | 5 replies
.- The holder of a work permit does effectively become a tax resident as far as the CRA (Canadian Revenue Agency) is concerned at which point they will qualify for certain things such as purchase a house without being considered as the foreign buyer; hence, foreign ban hammer not weighing on them.
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16 January 2025 | 11 replies
Thats a lot of work that a company would have to do and they would want their money back on the development costs.