Taxes. Argh.
In a perfect world, we wouldn’t pay any tax. Unfortunately for real estate investors, Canada Revenue Agency doesn’t exempt us from paying our share either. Having said that, there are however some very important rules and benefits to taxation when it comes to real estate investing.
Creative Financing
Let’s be honest with ourselves for a moment. Buying investment property after investment property definitely requires some creative thinking and strategic planning, unless of course, you have unlimited financial resources and a surgeon-like income.
Master the Art of Leverage
We have all heard the concept of using other people’s money to make money. This is precisely what is referred to as leverage. One of the incredible characteristics of real estate is that it is “leverageable”.
Spotting a Good Deal
Inside the investment community, there is a common saying – “Money is made when you purchase real estate, not when you sell it.” I like this quote as it has a lot of merit.
Just Get Started
If you’re reading this article, it is likely because you are awesome and want to live an amazing life. Well, let me assure you that you’ve come to the right place. Real estate has been proven time and time again to be one of, if not the best, financial investments you can ever make.