The Ultimate Saving Machine
I am in the process of restructuring our portfolio. It’s often at this time when we deal with the bank that we come to realize how much our real estate portfolio has done for our family. When I bought the...
Bruce Wayne’s Future Education: Why the 20% “free money” from the government really isn’t worth it?!
Hello real estate investors, We have nicknamed our son Bruce, Bruce Wayne (Batman), ever since we found out he’s a boy from the ultrasound. We are so used to this name that we decided to name him Bruce. Too bad...
Maximizing the principal residence exemption with your cottage
We are at our annual cottage trip this week enjoying the beautiful Wasaga beach. We are staying at our friends’ cottage nearby. Packing isn’t exactly the easiest thing. When we didn’t have kids, we would often wait until the day...
Documentation matters when it comes to CRA audit
Starting in 2011, Canada Revenue Agency (CRA) has been going after the New Home HST rebate program for a few years now. Many of the new home buyers intended to move into the new homes, but circumstances change in the...
Our Children’s Future Education: Using Real Estate Instead of RESPs
It’s difficult for me to picture how I will be when this blog post is posted. My son, Bruce, will be a week old and I will be exhausted. Last blog post, I discussed how we got ourselves ready for...
The Birth of a Child, Life Insurance and Moving into a New Home: How to Plan for the Near Future
By the time you read this post, hopefully our new baby will have been born. He’s our second child. I still remember how busy we were trying to get ready for Robin’s arrival, our first child. This time we are...
Starting from Nothing to Owning a Million Dollar Home in 15 Years! The Canadian Dream Does Come True!
When I said nothing, I really mean nothing. My uncle, Uncle John, who’s merely 7 years older than me, had nothing when he first landed in Canada. It wouldn’t be far off if you use the term FOB (Fresh Off...
The Person Who Signs Your Paycheck Controls Your Life
“The person who signs your paycheck controls your life. Shouldn’t that person be you?” ~ Robert Kiyosaki I just saw this quote from Robert Kiyosaki’s facebook page today. Many of us know him as the author of “Rich Dad Poor...
Principal Residence Exemption – Part1: What I learned from the most recent Professional Development course
March break is underway. With the interest rate reduction announced earlier by Bank of Canada, spring market seems to be hotter than ever. Many people are interested in investing in this real estate market, especially the condo market. Recently I...
How to Look at the ROI on Your Investment Property the Right Way
Recently, I had a few discussions with clients that complained about not getting sufficient cash flow from their investment. This is because they weren’t sure about the types of strategies that were available to them when it came to their...