Acquiring Tax Sale properties in Canada

Acquiring Tax Sale properties in Canada

Secrets of Super Wealthy Professional Real Estate Investors part 1 of 10:

Many provinces in Canada levy property tax on Real Estate based upon the current use and value of the land and this is the major source of revenue for most municipal governments in Canada. 
 
While property tax levels vary between municipalities in a province there is usually common property assessment or valuation criteria laid out in provincial legislation. The municipality has the right to collect property taxes owing even if they have to sell the property to recuperate the property taxes owing. These properties are never listed on MLS or Real Estate Brokers. This is another secret of super wealthy Professional Canadian Real Estate Investors and or Apprentices to acquiring Tax Sale properties in Canada.

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9 Critical Mistakes Made By Canadian Real Estate Investors

9 Critical Mistakes Made By Canadian Real Estate Investors

9 Critical Mistakes Made By Canadian Real Estate Investors:

As a Canadian  Real Estate investor and mentor, I often see novice Canadian Real Estate investors making the same exact mistakes. I created this list to help them realize what these common mistakes are and how to avoid them. 
 
The good news is that all of these mistakes can be easily corrected. 
 
The bad news is that any one of these mistakes will seriously limit your potential for success. In my experience, these are the 9 most common mistakes I see novice real estate investors make:

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7 Basic Repairs That Will Help You Sell Your Home Quicker

7 Basic Repairs That Will Help You Sell Your Home Quicker

7 Basic Repairs That Will Help You Sell Your Home Quicker:

There's a lot of competition in the housing market these days. There are the top 7 secrets revealed by an experienced professional Real Estate Investor
 
When you put your home up for sale, you're bound to be up against several other similar listings. That's why it is important to make sure your property is in a good state of repair so that it makes a good impression on potential buyers.

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Five Pearls of Wisdom for Canadian Real Estate Investing

Five Pearls of Wisdom for Canadian Real Estate Investing

Anyone that invests in Real Estate wants to do it successfully. Many books have been written on the subject. There are 5 simple concepts of investing in real estate that can guide you to success. 

Begin real estate investing early

Always keep a fund for emergencies then move onto investing long term. This means starting with your principal residence. You can start building equity early by investing in your principal residence. Renting does not build equity. 

Let us look at three real estate investors in the same age group in hypothetical situations. Each was paying $1,000 dollars a month towards accommodation until their retirement at the age of 65. Patrina starts at the age of 25 and bought her first house for $100,000.00 in 1985 which was financed 100%. After 25 years, her house is paid off in full for the rest of her life and she does not have to pay any rent or mortgage. This is very common among a lot of Canadians.

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Behind your Mortgage payments

Behind your Mortgage payments

Behind your mortgage paymentsAre you behind your mortgage payments?

What to do, when you miss or fall behind your mortgage payments? It happens to lot of Canadians. 61% of Canadians do not know what options are available to them if they miss or are behind on a mortgage payment in a situation that could leave them in the bad books with their bank, and at the mercy of creditors. If you fall behind your mortgage payments, the very first thing you should do is call the mortgage lender or bank who loaned you the money in the first place (your mortgage lender). Even if you know the cash-crunch is coming down the road — say, you lost your job but have enough saved up to get you through the next three months — call them now and disclose your circumstances fully.

Few Canadian lenders have a skip a payment plan but it also has a provision to allow you to take a leave from your mortgage because of a change in circumstances.Continue reading