Grow Your Portfolio With Mortgage Wellness
Real estate investment has become a top priority for first-time home buyers. 1 in 5 either rent or plan to rent a portion of their property, while 1 in 3 believe it is important to generate income from their property. To accomplish these goals, you require a Mortgage Broker that has experience in handling real estate transactions that focus on investment. Gerard has bought and sold real estate for investment for over 15 years. He understands many of the choices that investors in real estate face.
While office towers may be beyond reach, there are plenty of smaller commercial properties that a mid-level investor can afford, including those with tenants or in the suburbs. You may also want to consider partnering with a fellow investor and going halves, or building a small consortium to acquire something larger.
Whether you want to generate regular rental income or invest in a long-term real estate opportunity, we can help you purchase a residential investment property with one of our unique real estate investment lenders.
Mortgage Solutions for Investors
We have Mortgage Solutions that meet your needs. We offer competitive rates and a range of terms if you want to:
Acquire A Rental Portfolio Of One Or More Properties To Build Income And Equity
- Convert Your Current Home To A Rental Property
- Purchase A Property For Your Child To Live In
- Own A Property With An In-Law Suite For Rent
Real estate has been one of the hottest investment vehicles across Canada in recent years, and this year is no different. To make sure your real estate business provides the returns you’re looking for, it’s important to stay ahead of the curve when it comes to managing tax rules and other planning strategies.
Tax Planning for Real Estate Investment
Whether you’ve been in the real estate industry for years or you’ve just started, you can benefit by keeping some of these tax tips in mind:
Do you buy real estate with a partner? Different structures have significant tax consequences, so you need to choose wisely to suit your needs.
Plan in advance and create the right structure for your holdings or operations to reduce or defer income taxes when selling real estate.
Because the principal residence exemption does not apply to individuals who buy, renovate and sell old homes, you need to know how to create the right tax structures. This can minimize income tax implications in an area in which the CRA is increasing enforcement.
Corporations that collect rental income often pay an income tax rate of over 50% – but you may be able to take advantage of tax structures to significantly reduce this amount.
HST is generally charged on the sale of a commercial property in Ontario, a higher cost that can potentially be avoided with proper planning. We work with some of the best tax accountants and advisors that can help you structure your purchase and mortgage in a tax-efficient manner We always recommend that you seek advice from a Tax Professional. We always recommend that you seek advice from a Tax Professional
Buying a Second Home and Recreational Properties
The dream of home ownership doesn’t stop with your primary residence; many Canadians also dream of owning a recreation property as a personal retreat from the rigours of everyday life, one that can turn into a sound investment down the road.
“Live where you play” is the slogan for many people migrating away from the city. Weekend population expansion in addition to double-digit population growth in South Georgian Bay is a testament to the real estate sales growth we are seeing in the area. Whether it is the ski hill, bike trail, golf course or the yacht club, many people are choosing this area to be close to recreational facilities with their second home. Gerard and his team are very familiar with this real estate purchase, and use their knowledge and experience to assist you finance the purchase. Gerard’s knowledge of condominium living and his time as an independent director at Blue Mountain give him a unique insight into financing your real estate investment. We at Mortgage Wellness – Collingwood Office support the financing of real estate that enables you to make your lifestyle choices. Build your net worth with a beautiful asset while providing you and your family the perfect spot to relax and unwind.
Unlocking the Value in Your Home for Seniors
Real estate is one of the asset classes of a strong family financial plan. A mortgage advisor who understands the benefits of a holistic family financial plan and how your mortgage financing interacts with other aspects of your financial plan such as taxes and investment will be a strong ally in your corner. With over 40 years of financial and investment experience, Gerard will give you this advantage. He understands the tax advantages of borrowing to invest in real estate or borrowing against real estate to maximize your portfolio returns. Understanding the differences between a Home Equity Line of Credit (HELOC) and a Reverse Mortgage are important considerations for those over 55 who are looking to unlock the value in their home for home renovations or other lifestyle choices.
Gerard always asks the question: “What keeps you up at night?” Or, put another way in regards to personal finance: “What aspect of your mortgage financing and personal financial planning concerns you the most?” By knowing about your concerns, we tailor our advice to your financial plan. Your Real Estate Financing is as vital a part of your family’s financial planning as your investment portfolio.
A growing number of Canadian retirees are incorporating their home equity into their retirement planning, to enable them to live a financially independent retirement. We look forward to working with you to achieve your retirement goals.
Knowing Your Market Area for Real Estate Investment
Researching the market area and having a full understanding of investment opportunities in the local market is a part of the investor’s value added. The 2011-16 census reported double-digit growth in many of the towns and communities of South Georgian Bay while the Ontario population grew at only 4.5% during the same period. With this scale of growth, there will be many opportunities for real estate investment in this area.
As reported by major US and Canadian Portfolio Managers, more capital has flowed into real estate since August 2016, and that trend will continue.
If you are looking to start or grow a Real Estate Portfolio, Mortgage Wellness – Collingwood will help you develop the right financing plan. We help you understand financing strategies for: Buy and Hold, Rent to Own, Flipping, Renovations, Construction, Multi-Residential, Commercial, Land and Mixed-Use.
You can be assured that Gerard will treat your mortgage and real estate decision like it is his own.
Gerard’s Mortgage Insights:
10 Secrets to Success Worth Reflecting On
There are few lasting thoughts that stay with you for a lifetime more than these 10 secrets to success. I have referred to these annually as I set my goals for the upcoming year...
How will the Ontario Real Estate Market React Post COVID-19 Lockdown?
As Canadian Provinces including Ontario slowly experiment with opening up businesses once again, residents are finding a changed scene even in local settings...
Creating Wealth in Real Estate and Investing for the Future
We have been experiencing low interest rates now for several years and it can be difficult to find safe and strong investments to place your money...
Will Interest Rates Go Up in 2018?
That is the ten-thousand-dollar question on everyone’s mind, will interest rates go up in 2018? And if so, by how much? And when?...
Mortgage Refinancing: Getting Financially Healthy for the New Year
With the new year approaching, we often take stock of the past year and look forward to a fresh new year. For many people that involves some...
Private Capital Markets and Its Importance for the Canadian Economy
When noted Dragon’s Den star Arlene Dickenson reported in March, 2017 in Globe Investor that 80% of her personal portfolio is in private investments...