Summer in the Sun - are you ready? April 2017

Anthony Ibhahe PREC, Associate Broker - Real Estate Agent

Royal LePage West Real Estate Services

aibhahe@gmail.com
604-788-0179
https://www.aibhahe.com/

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Foreclosures in BC

 

Foreclosure in Chilliwack (Detached Properties)
Foreclosure in Chilliwack (Attached Properties)
Foreclosure in BC Northern (Attached Properties)
Foreclosure in Fraser Valley (Attached Properties)
Foreclosure in Fraser Valley (Detached Properties)
Foreclosure in Greater Vancouver (Detached Properties)
Foreclosure in Greater Vancouver (Attached Properties)
Foreclosure in BC Northern (Detached Properties)

Let me know how I can help you?

Thanks,

Anthony



Ellen calling Gladys Hardy Austin Texas - still makes me laugh!

 

Gladys Hardy I love Jesus But I Drink A Little (Best Of)

Gladys Hardy calls....best of 



Sales of Principal Residence must be Reported in 2016 to CRA

 

For the 70% of the Canadians who own a home, it is a place to live, raise a family, and connects them to their community.

Due to Canada's tax system's Principle Residence Exemption, when we sell our homes, any increased value or "capital gains" are not taxed. 

This tax break matters to Canadian homeowners. Collectively, we have about $3 trillion in home equity and our homes are often our largest financial asset.

However, starting with 2016 income tax returns, there are some changes in how homeowners qualify for the Principal Residence Exemption.

Until now, the CRA has not required Canadians to report on a home sale during a tax season. However, if you sold your home in 2016 or later, you will need to complete a Schedule 3, Capital Gains of the T1 Income Tax and Benefit Return in order to report your sale.

Here is an article by the Fraser Valley Real Estate Board explaining the change in tax filing requirements.

For more information from the CRA, click here.



Have You Ever Tried and Failed at Budgeting? Here’s the Secret!

 

If you’ve ever tried and failed at budgeting, or if you’ve never tried at all because it sounds so hard and boring, this post is for you. Those of you with a budgeting system that works and that you possibly even love and want to have babies with are excused for the day. Those of you who are convinced that budgeting doesn’t work are kindly asked to leave the room and do a little more thinking on that subject.

Okay, now that it’s just us, let me tell you a secret: I’ve tried (and failed) at budgeting so many times that it would be embarrassing if I sincerely thought that it was easy (it isn’t) and everyone else knew how to do it (they don’t). The truth is, budgeting is hard and boring. Anyone who tells you different has a book to sell. Read More



Reasons why I Chose to Invest in Real Estate Over Stocks Any Day of the Week

 

I usually get these questions asked by my friends, families and strangers once they know I'm involved heavily in real estate.  Should I invest in stocks or should I invest in real estate

The question I asked myself years ago when I was doing my research on different investments was, should I invest my money to produce residual income month after month and increase my cash flow or just put some money in stocks hoping to get a return some day while still slaving away in a nine to five job.

The banks don't finance your investments in stock but they do become partners with you financing 75% of your investment in real estate. That is a no brainer.  Stocks are also very volatile and sometimes there are big changes in a day, but most of the time, it varies month to month, or there could be a huge crash and it might fall to crap overnight.

When you invest in stocks, you can do your due diligence on the company you are investing in, but you are just one vote out of tens of thousands if not millions of other shareholders. You absolutely have no control what direction the company is going to take - what products they create, who they hire, and how much they're going in debt.

We can keep going on and on but here's why I think you NEED to invest in real estate.

You are the CEO and board of directors of that property, venture, multi-family complex, or commercial building.

You get to choose:

1. Where to buy

2. How much to spend

3. How much debt to get into

4. What renovations you are going to make

5. Who the tenants are going to be

6. Who your property manager is going to be

7. Who your contractors are

You are entirely in control 100% of the time. You choose when to sell and when to hold.

So, in my opinion, real estate is a much safer and better investment. You get to touch it, you get to feel it, and you are in control of it.



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