Refinance Low, Buy Low
Most people sell their small property and upgrade into a larger property. When they do this, they are selling high and buying high or they are selling low and buying low.
Since the market has dropped since that crazy peak we saw a couple years ago, a better solution could be to refinance your current property, keep it and rent it out, then purchase another property at current market lows.
For example, if your condo is worth $500k and you have a $200k mortgage on it, you could pull out $200k in equity. This $200k in equity can then be used to purchase up to a $1.0 million dollar home. It may be easier than you think when everything is structured properly!
You're not forced to sell your condo and you get to upgrade into a bigger home.
This also works for purchasing rentals.
12 RIDDLES TO TEST YOUR PERSONALITY TYPE
This fun 10-minute video hosted by Bright Side has over 3 million views.
Some of the "tests" are familiar and there are some new ones that I had never seen before.
Scientists believe that the way we see things depends on how our brain interprets information while other researchers have proven that the personality is directly linked to how the brain is structured and how it functions.
Basically, the way we see things can reveal nuances about our personality and these riddles are a fun way to check them out.
Have you ever wondered what your IQ is? The average IQ is between 90 to 100.
About 68% of the population is between 85 and 115.
125 to 134 is gifted. 140 to 145 is genius.
Take this IQ test to get your score!!
These are the 25 hardest riddles ever. I only got 2 of the answers.
And here are 50 Elephant Jokes for Kids.
Canadian home sales dropped 4%, average price down 5.5% in January
The Canadian Real Estate Association says last month was the weakest January for residential sales since 2015, with the number of transactions down four per cent nationally from last year. The association says about 23,968 properties were sold through the Multiple Listing Service in January, down from 24,977 a year earlier.
CREA says the national average price for all types of residential properties sold in January was $455,000, down 5.5 per cent from the same month in 2018 — the biggest year-over-year decline for a month since May 2018.
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