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(Free) Canadian Real Estate
1.1k members • Free
9 contributions to (Free) Canadian Real Estate
Jan 23 •Â
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!
Dec '24 •Â
VTB Tax savings for the seller
Check out the attached pdf that I received from my accountant. It shows the estimated tax savings for the seller, if they participate in a VTB over 5 years. The difference in capital gains tax is huge.
0 likes • Jan 10
Wow!
Dec '24 •Â
St. John’s, NL Real estate tax accountant.
Anyone in the St. John’s area have recommendations for a tax accountant that also owns rentals or deals with a high number of clients with rental properties?
0 likes • Jan 5
@Nicholas Montevecchi when is the next meet?
0 likes • Jan 8
@Nicholas Montevecchi thanks! Looking forward to it.
Dec '24 •Â
Local to Newfoundland?
@Hao Lee @Nicholas Montevecchi you guys know anyone else on here that are from NL that we could connect with?
2 likes • Dec '24
I know a few ppl but these guys are above 50+ units. I’m far from the experience that these guys have and I’m not even sure if they know that this app exists. I’ll follow up with them.
Oct '24 •Â
Cash flow in the Atlantic
Anyone else in the Avalon region in Newfoundland finding it tough to get deals that make sense aka cash flow a tad bit?
0 likes • Nov '24
Possibly no issues with the home as well.
1 like • Nov '24
@Nicholas Montevecchi will do!
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