Case Study on Buying vs Leasing a Vehicle
Did you hear, Hertz ordered 100,000 Tesla Model 3 cars, despite the fact that Elon Musk, founder of Tesla, tweeted that there’s no deal? As some of you know, I have been planning to buy a Tesla at the end...
Fixed or Variable: if Bank of Canada Increases Rates 8x in the Next Two Years?
A couple of weeks ago, Financial Post released an article that says Scotiabank sees eight Bank of Canada interest rate hikes by end of 2023. 8 interest rate hikes! Yikes! As a real estate investor myself, I couldn’t help but...
8 Ways to Increase Cash Flow from Real Estate Portfolio
I work exclusively with real estate investors and real estate agents. We all believe that real estate investing is a long-term investment vehicle. Most of us start by refinancing our own home, pull out some equity (borrow against our house),...
The HST Risk Hiding in Converting Commercial to Residential Units
Do you feel a bit chilly these days? It’s last week of August and we’re already at the low twenties. Robin, my older kid, is counting down her days to start her Senior Kindergarten year. I hope she would still...
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...
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...
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...
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. Before I...
4 Reasons I Switched to A Fixed Rate Mortgage
Mortgages can be a tough river to cross as there are many factors to consider. Many of us understandably want the lowest rates possible when getting a mortgage. And if you don’t know already, the interest rate for a 4-year...
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. ...