Posts

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Why Incorporate When You Can Invest in RRSP?

You may have already known, I am an accountant. This means that I have to look at numbers all the time. I have always been equipped with two monitors, one from my laptop and one extra monitor. Recently I had the opportunity to upgrade…
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5 Reasons Why My Airbnb Doesn’t Generate As Much Income As Others

Airbnb is a great way to earn extra money.  It has become some of my clients’ side hustle.  A few of my clients become full-time Airbnb operators. We’ve heard how great Airbnb is and I’ve seen some crazy numbers. One…
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How to Use Buy Renovate Refinance Rent (BRRR) Strategy to Make 1.5 Million in 2 Years

We’re up north with the kids this week. My best friend, Monica, shared with me how great her experience with the YMCA Pine Crest family camp was, Erwin & I decided to sign up. We barely made the cut, as there’re only limited…
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Tax Man Doesn’t Want You to Read This Court Case

Recently, I saw a headline, “Condo flippers beware: The taxman is watching you, and has new tools at his disposal to ‘take action’” on Financial Post. It’s an interesting case as the court sided with the taxpayer’s position. …
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4 Reasons I Switched to A Fixed Rate Mortgage

If you don’t know already, the interest rate for a 4-year term mortgage was dropped to 2.95% for rental properties and 2.75% for a primary residence. I saw a few of these Facebook posts and I immediately reached out to my bank advisor.…
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4 Shocking Tax Mistakes Killing Your Real Estate Investments

Rich Dad Poor Dad is the legendary book that got both Erwin and me started in the journey of real estate investing. So, when my mother-in-law attended a Rich Dad Poor Dad workshop in Hong Kong recently, I was surprised.  In the…
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Why Cheat on Tax When You Can Get the Money Back Legitimately

It was such an exciting experience to finally speak on Realtor Quest’s stage on Thursday.  I wouldn’t say that I was sharing a stage with Gary Vaynerchuk, but hey, my picture is on the same page as his on the promotional material! Of…
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5 Factors to Decide your Real Estate Investment Strategy

Happy belated Mother’s Day to all the mommies out there. We’re Chinese. We celebrated with dim sum brunch with all the Moms from my side of the family, followed by a feast at my aunt’s place.  It was a lot of fun.  Of…
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The End Game: How to retire using real estate investments

No, I haven’t watched the End game yet.  I am excited about it and we got tickets for next week, but I have not watched it yet.  😊  But it’s such a perfect name for today’s blog post.  Recently, I’m listening…
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7 Best Back-Office Practices A Real Estate Investor Should Adopt – Part 2

It’s Ontario’s budget date.  When the Federal budget was released, the message from the Fed was to spend, spend and spend. Ontario, however, has a pre-budget message to cut, cut and cut.  Cutting taxes and cutting…