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Family Values and Wealthing Like Rabbits

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7 Questions about R.E. Investing from New Investors

7 Questions new investors forget to ask about Investment Properties (Ontario, Canada)

Real Estate investing is a great idea. Start with a small investment, get a mortgage, and buy a property with plans of building equity from someone else’s money. It seems relatively easy - collect money from tenants, and fix the odd thing here and there.
That’s not the whole picture, though few people find this out before they are waist-deep in the trenches. Here are 7 questions from investors looking to enter the rental game:
**Readers: I am not a lawyer or a registered professional. I write from experience only, and will always recommend that you speak to a professional or expert. **



1.I’m a first-time home buyer, and I want to buy a property to rent out. Since I am a first-timer, I don’t have to pay land transfer tax, right?
Not exactly. If you are a first-time home buyer, the Ontario government does offer a rebate of up to $4,000.00* on land transfer tax, depending on a few factors. One such factor is…

Fear of Failure Is Not An Option

Fear of Failure Is Not An Option

Fear of failure is real. It can hold you back, it can render you unable to make a decision, and it can force you into making decisions that you otherwise wouldn’t make.
We all want to be average, at the very minimum. Being average doesn’t make us stand out, it gives us average things, and helps us keep up with the average Jones’.  We can hide with other average people, and if you do not meet the standard of success, you can rely on being average.
If you set out for success, and you fail, you have placed yourself below average. (In your mind.) This does not need to be the case! It does not make you a loser. What makes a loser is the one who did not go for success because he was afraid of trying.
I am not afraid of failure. I have already failed at so many things, so anything from here is onwards and upwards!
I failed at a business. When I was in my 20’s, I thought I wanted to own and run a property management company with an old friend. We thought it wou…

MYLO REVIEW: SAVING YOUR PENNIES JUST GOT EASIER

MYLO: SAVING YOUR PENNIES JUST GOT EASIER!
Canadians, rejoice!
The time has come! We finally have an app that does what the coveted Acornsapp does for the people south of us. It’s called Mylo.
Mylo is a Montreal-based FinTech startup that has created the only app for Canadians that mimics the old-fashioned change jar….with a twist.
From their own words: "Mylo is a mobile platform that automatically rounds up every purchase that users make and invests the spare change. Then, once plugged in, Mylo uses its proprietary user transactional data and artificial intelligence to provide personalized insights and recommendations so that users can make better financial decisions. Mylo helps optimize users’ insurance coverage, reduce interest payments, maximize travel points and more." USE CODE BENDNEVERBREAK TO GET $5.00 FREE WHEN YOU TRY MYLO TODAY  NO MINIMUM DEPOSIT TO START  What does that mean and how does it work?
It’s actually pretty simple. If you head to the app store on your phone,…

Vacation Tales #2: More Nostril Flaring Fun!

Part Two of Vacation Tales:
Oh yes, my darling senior dog had indeed marked my bag. He did the same thing one year ago, just prior to our departure, and managed to sneak it by me until I was at the airport and noticed something funky-smelling… anyways, I digress. We caught it early enough that it was cleanable, and off we go.
It’s a short drive to the airport; about an hour or so. We left the house at 2:30 am, and arrived at the location where we park our car for the week. We had a lovely surprise that our coupon from booking with Sunwing afforded us a low rate of parking for the week (only $60, win!) and they shuttled us to the airport in a prompt manner.
We checked in, and all was well. In due course, we were on the plane, and headed to paradise.
So we thought.
Let’s take a quick tally of the flight: *Plane running a few minutes behind? Check. *Full flight? Check. *Baby on board who cries for take off? Check. *Belligerent man sitting behind us who was louder than a demanding child? C…