https://www.realty.truewealthadvisors.ca/category/realestateinvestors/ Recent content in realestateinvestors on True Wealth Advisors Hugo -- gohugo.io en-ca Mon, 27 Nov 2023 08:16:23 +0000 https://www.realty.truewealthadvisors.ca/2023/11/optimizing-estate-planning-for-canadian-real-estate-investors-tax-probate-strategies/ Mon, 27 Nov 2023 08:16:23 +0000 https://www.realty.truewealthadvisors.ca/2023/11/optimizing-estate-planning-for-canadian-real-estate-investors-tax-probate-strategies/ Optimizing Estate Planning for Canadian Real Estate Investors: Tax & Probate Strategies For investors who own multiple real estate properties, there are unique financial planning, tax and legal strategies that should be considered to ensure they can secure their legacy both in the short and long term. Here are some key considerations: Principal Residence Exemption: Canada allows for a principal residence exemption, which can eliminate capital gains tax on the sale of a principal residence. https://www.realty.truewealthadvisors.ca/2023/10/choosing-a-property-manager-and-why-you-should-have-one/ Sat, 14 Oct 2023 14:56:56 +0000 https://www.realty.truewealthadvisors.ca/2023/10/choosing-a-property-manager-and-why-you-should-have-one/ Choosing a Property Manager and Why You Should Have One Property management is a multifaceted field that plays a pivotal role in the success of real estate investments. To unravel the complexities of this essential aspect, we turn to Christine Abankwa, a seasoned property manager, realtor, and entrepreneur, who recently shared her invaluable insights on the True Wealth Podcast. In this comprehensive blog post, we’ll delve deep into the key takeaways from her insightful conversation with hosts Seun and Othneil. https://www.realty.truewealthadvisors.ca/2023/10/vetting-a-prospective-tenant-for-your-rental-property/ Thu, 12 Oct 2023 14:33:32 +0000 https://www.realty.truewealthadvisors.ca/2023/10/vetting-a-prospective-tenant-for-your-rental-property/ Vetting A Prospective Tenant for Your Rental Property Introduction: Renting out a property can be a lucrative venture, but it comes with its fair share of challenges, especially when it comes to selecting the right tenants. Vetting your prospective tenants thoroughly is crucial to ensure a smooth and successful landlord-tenant relationship. In this blog post, we’ll explore the essential steps and considerations for effectively vetting potential renters. Verify Employment and Income https://www.realty.truewealthadvisors.ca/2023/09/impact-of-taxes-on-re-investments/ Sat, 02 Sep 2023 09:58:37 +0000 https://www.realty.truewealthadvisors.ca/2023/09/impact-of-taxes-on-re-investments/ Tags: financial planning, tax planning https://www.realty.truewealthadvisors.ca/2023/05/legal-ownership-vs-beneficial-ownership-whats-the-difference-and-why-is-it-important/ Thu, 11 May 2023 14:28:09 +0000 https://www.realty.truewealthadvisors.ca/2023/05/legal-ownership-vs-beneficial-ownership-whats-the-difference-and-why-is-it-important/ Legal Ownership Vs. Beneficial Ownership. What’s The Difference And Why Is It Important? In a previous article, I talked about joint ownership in non-spouse situations, the two most common types of joint ownership, and why it’s crucial for investors to know and understand the differences. In this article, I’m going to address the difference between legal ownership and beneficial ownership because not understanding those two terms can lead to potential landmine issues when it comes to estate planning for joint owners of a property. https://www.realty.truewealthadvisors.ca/2023/04/are-you-ready-to-buy-your-first-investment-property/ Mon, 17 Apr 2023 14:20:36 +0000 https://www.realty.truewealthadvisors.ca/2023/04/are-you-ready-to-buy-your-first-investment-property/ Are You Ready To Buy Your First Investment Property? There’s no doubt that investing in property has the potential to yield significant financial returns, which is why so many people are interested in this type of investment. But when is the right time to buy an investment property? Let’s explore that question together. First and foremost, it’s important to realize that investing in real estate is not for everyone. It takes a significant amount of time, effort, and money to purchase, maintain, and rent out a property. https://www.realty.truewealthadvisors.ca/2022/07/investment-property-deductions-you-can-write-off/ Tue, 26 Jul 2022 13:53:58 +0000 https://www.realty.truewealthadvisors.ca/2022/07/investment-property-deductions-you-can-write-off/ Investment Property Deductions You Can Write-Off Owning an investment property can be lucrative, especially if done prudently. An investment property is used mainly to generate income, either through passive income by renting it out or by flipping it to generate capital gains income. Purchasing an investment property either to flip or to rent both have their pros and cons. A part of what we do is to assess which is right for you.