Setting Goals: Discovering Your ‘Big Why’
How many times have you set a goal at the beginning of the year? How many times did you start that goal, but over time you didn’t end up achieving it in any given year? I can’t even begin to...
A Lesson Learned From My Broken Dishwasher
Our Samsung dishwasher had broken down a few days ago. I realized just how important this household appliance really was to my family once it broke. Having to hand wash dishes after every meal is just awful! In order to...
Everything You Need To Know About Rent-to-Own Real Estate Taxation (Part 2)
In my last post, I discussed what factors were involved in determining whether or not an RTO (rent-to-own) arrangement should be considered as a business or capital in nature. I also mentioned that the 3 streams of income the landlord...
Everything You Need to Know About Rent-to-Own Real Estate Taxation (Part 1)
This post is really important. It’s basically the whole reason why I started this blog. You see, I’ve been doing accounting work for many years now, and have spent quite a bit of time involved with real estate as well....
Rent to Own Programs: The Best Passive Income Real Estate Investment in Canada
This year marks the 23rd anniversary of my time spent living in Canada. I wake up every morning feeling grateful to live here in an established economy with freedom. It is a beautiful country to live in, don’t get me...
One Simple Step to Increase Your Cash Flow
Most real estate investors talk about monthly cash flow from their properties. Few recognize the tax impact on their cash flow. We own a few student rentals. Each house brings in about $500 to $1,000 before tax cash flow on...