Tag: Real Estate Accountant

I started investing in 2013.   My very first investment property was a student rental in St Catharines.  Back then, the purchase price of these properties was in the mid-$200s.  The rent for 6 bedrooms was $2,700 in total.   If you...

Earlier this week, I got the opportunity to be a panelist at an entrepreneur learning event. One of the presenters, who was a financial advisor, shared the following example (which I adapted and made some small changes): A guy borrowed...

Do you own your own home yet?  If not, are you wondering how you would be able to afford buying your first home? Are you wondering the type of tax credits and plans you can potentially take advantage of when...

Have you ever wondered how other real estate investors can consistently find cash flowing real estate properties while yours (and mine included) could barely break even? Have you ever wondered how investors using creative strategies to structure their deals (or...

Many of my clients invest with investment partners these days.  Some of them are passive partners, providing funds to fund the investment, while others are active investors, doing everything else in the business venture. There’re three common business models an...

Last week, I had the liberty to sit down with my long-time mentor, Quentin D’ Souza.  Quentin is a published author of 7 books, founder of Durham Real Estate Investment Club, and has over $120 million asset under management. We...

Have you ever suffered any losses from your rental property? A client of mine came to us with some unfortunate news. His rental property got completely burneddown. Thankfully, he was able to recover from the insurance company the replacement cost...

This is the number 1 question I get asked as a Real Estate Accountant.   The truth of the matter is that there isn’t a one size fits all answer.  It goes back to your income level, risk tolerance, investment strategies,...