BUYING A HOME IS THE EASIEST WAY TO MAKE MONEY
Be sure to Subscribe to my YouTube Channel and watch my other videos to learn how to make easy money investing in Real Estate
Many folks are looking at investment stocks, Bank term deposit’s etc hoping to see only a 1.5% to 3% return per year, any income from investments and are taxable.
My Wife and I were talking about Real Estate and the Advantages of Buying and Owning a home where we live in Victoria, BC.
First, you’ll need Buy instead of renting a home to live in.
Now Let’s Look at the advantages of Buying a home.
To keep it simple let’s use the following example:
Let’s say you bought a home for $600,000 last year in Victoria, and you put 30% down (30% of $600,000 = $180,000) and you mortgaged the balance $480,000 to complete the purchase of your home.
Generally Homes in Victoria went up in value 30% +- over the last year. i.e Your $600,000 home is now worth $180,000 more($780,000), therefore doubling your down payment money you used to purchase your home.
If you had decided to sell your home a year later and cashed out you would simply now have $360,000. That represents a 100% gross profit on your original downpayment of $180,000.
Once again buy a home in Victoria, BC
In Canada any financial gains on a personal residence (usually once a year) is Income tax free.
Subscribe to my YouTube Channel and watch my other videos to learn how to make money investing in Real Estate.
PS: Did you know Apartment Building Investmenting offers
Three streams of Income:
- Rental income,
- Mortgage Reduction
- and Appreciation?
After watching this Video below be sure to watch my YouTube Video “Learn About Apartment Building Investing”
Note: Always seek professional advice before buying and selling Real Estate