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Canadian Tax Enthusiasts

751 members • Free

(Free) Canadian Real Estate

1.1k members • Free

13 contributions to (Free) Canadian Real Estate
Link to today's spreadsheet
Thanks everyone for a great session today. Make sure to check out the recording and homework post later. For those who asked: If it will help you to create your own spreadsheet - Here's a link to the spreadsheet I built in today's class. (Please be aware this is very rough as I put it together in 5 minutes.) I encourage you to build your own spreadsheets from scratch so you understand how it works. Punching numbers into someone else's spreadsheet is not going to give you the level of expert knowledge required to be a successful investor. https://netorg7306334-my.sharepoint.com/:x:/g/personal/daniel_fochfamily_com/ET-xdNLyg-ZJi2vKt4DO4rEBbR_lpMQ9FAAZo83-p1fSmQ?e=vMCM78
0 likes • Oct 16
@Daniel Foch can I share my own here?
Looking to chat about real estate investing.
Hi Everybody- if anyone is looking to chat about real estate investing please feel free to reach out. Would love to hear about your story, what you’re currently working on, accomplishments, challenges and/or just chat about real estate investing in general. Either send me a dm or an email morrison.tristan@hotmail.com and we can set something up!
0 likes • Oct 16
I just made a post and I hope people can comment some of their tax saving tips via real estate so we can all be aware. Feel free to share if you have any :)
Tax tips?
Any tax tips that the folks in this group would like to share? I’m wondering if it’s worth claiming driving to my rentals i.e gas and Kms. If you have tax tips that we use in real estate please feel free to share!
2 apartment sale
If anybody is looking for a new 2apartment in cbs in NL, here are the stats: Newly built two apartment home located at 12 Mainsail Drive in Topsail, CBS. This home sits on an oversized lot in the heart of Topsail. The main floor consists of 3 bedrooms, bathroom, open concept kitchen/living area. The basement houses a rec room, laundry room, and second bathroom along with a fully self contained two bedroom basement apartment. Quality finishes throughout! $485K
Cash VS HELOC
If you had $100k cash and 100k HELOC, Which would you use first to buy a rental property and why? Also, can you use a HELOC from one bank to PURCHASE A HOME WITH ANOTHER bank?
0 likes • Jan 27
@Daniel Foch @Nick Hill ?
2 likes • Mar 9
@Shaq Hall thanks for the reply. I managed to secure 50% of the downpayment via HELOC as the property is cash flowing at 13%. HELOC is only 5.7%. Left over funds from the cash flow will be used to pay back the HELOC and of course I’ll chip away at it using my boring job wage. Making big money decisions like this is scary and it’s always great to punch in the numbers because the numbers never lie!
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Hao Lee
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38points to level up
@hao-lee-8455
LFG

Active 4d ago
Joined Apr 30, 2024
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