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The Danger of Reporting Multiple Years of Losses

A couple of months ago, I met with a real estate investor for an initial consultation. As part of the process, I asked him what his long-term goals are.  He said, “I would like to give up my job one day to volunteer full time and give…
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How to Pay 13.5% Small Business Tax on Rental Income

Did you see this headline – “Liberal government writes off $1.1B US loan, plus interest, docs show” on MSN.com? Federal government wrote off a loan made to Chrysler during the 2009 global economic meltdown. I believe in making progress…
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10 Lessons Learned From Analyzing Commercial Properties

A couple of weeks ago, Erwin and his friends found a mixed-used property that they’re interested in. The property is located on a busy street, across the street from a site that was sold to a developer.  This site will be home to a future…
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How to Maximize Return on Investment Using Savings & Line of Credit

A bunch of our friends and I started a small charity a few years ago. Did you know… 37% of Hamilton children go hungry over the holidays. Our goal was to provide holiday dinners to people who’re in need. We fed over one thousand…
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6 Little Known Facts About Structuring Joint Venture Deal in Real Estate

Back to school week! My daughter is in Junior Kindergarten this year. Since she had been in half day daycare five days a week last year, I didn’t expect to get emotional when she’s off to the full-day kindergarten on Tuesday. I…
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Ontario Landlord Watch Conference & 3 Common HST Scenarios When Building a New House

Today, I got the opportunity to speak to Kayla, the founder of a group called Ontario Landlord Watch. She has started Ontario Landlord Watch initiative since 2010, acting as a voice to our government advocating fairness among landlords…
Flipping house
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Here’s How to Keep More Money Even When Flips Went Wrong

My kids and I have a night time routine before they go to sleep. As part of the routine, I ask them what they are thankful for every night before I put them down to sleep, hoping that this little habit will prepare them to be grateful for…
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5 HST Planning Tips for Developers and Builders

This summer has been tough. A close client passed away suddenly at the age of 52, leaving his wife, his children, his family, friends and JV partners all in shock. At the visitation of his funeral, packed with his friends and families,…
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Greatness Begins Beyond Your Comfort Zone

Toronto Raptors traded DeMar DeRozan to San Antonio Spurs. ☹ DeMar DeRozan, who’s the Mr. Toronto, was the best player in the history of Raptors. Unlike any other players, he did not interview other teams when his contract ended with…
Canadian Real Estate
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The Secret of Understanding Canadian Real Estate Market

A single parking space in Hong Kong has sold for $765,000 according to this Toronto Star article. $765K Canadian Dollars! My parents bought a couple of parking spots in Hong Kong for self-use for $367K late last year. Of course, my…