Step 1 - Purchase a home that you plan on occupying with 5% down (this can be as little as…
-
What Expenses Can I Write Off on My Rental Property?
Common rental property expenses include: Mortgage Interest Property Taxes Legal Fees Property Management Fees Professional Costs Repairs & Maintenance Strata Fees Insurances Advertising Depreciation Utilities if applicable (heat, water, gas)
-
Do I Need to Claim My Rental Income?
Legally you are required to claim your rental income come tax season. Most conventional lenders will require proof of rental income…
-
Can I Purchase a Rental in a Holding Company?
Yes, investment properties can be acquired in a Holding Company. However, when securing mortgage financing, the lender will require a…
-
What Is Capital Gains Tax?
Capital gains tax is a government tax on the profits realized on the sale of an appreciating asset. In real estate…
-
I Have an Accepted Offer, Now What?
Here are twelve touch points to consider: Confirm your numbers - projected rents vs expenses. Reanalyze! Review comparables in your area to…
-
How Many Properties Can I Own?
The magic number is 5 properties (1 primary & 4 rental units) While most lending institutions limit borrowers to five total…
-
How Much Down Payment Do I Need?
If you are buying a property for the purpose of an investment, 20% will be the minimum required down payment. If…
-
How do I get started with real estate investing?
To embark on your real estate investment journey, start by scheduling a consultation with Boychuk Mortgage Group's real estate financing…
-
What types of properties can I invest in?
Real estate investment opportunities are diverse and include residential homes, condominiums, multi-family properties (such as duplexes and apartment buildings), commercial…