I plan to continue to invest in southwestern Ontario (London, Woodstock, St.

Also, without even looking at the plans a 7 unit building will likely have flawed floor plans and/ or an inefficient layout unless its an irregular site.

Additionally, another neighbor who owns an adjacent parcel has expressed interest in joining the project, contributing their land to the development as well.I believe this could be a great opportunity for all of us, especially as a unique retirement plan for my family and my neighbors.

I do not have the capital for the property to pitch in, so I plan to use the investors money to secure the property.The interest rate that I will pay the investor is 5% for up to a duration of 20 years.

I’m just currently in the planning phase to see what the best path going forward is.

I spent my first 6 years in the financial planning industry working for a firm that had previously sold a lot of privately held REITS that went south.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

I am wondering if I should just use the garage as your typical garage as it just has my washer and dryer and space for my car, but I usually just park on the driveway/street.

I’m planning to move what I have in stock market ($2.5-3Mil) to buy a good realestate.

Excited to see where you put that equity next—what’s the plan for reinvesting?