3 Ways to Make Money Using Debt in Canadian Real Estate in 2021

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3 Ways to Make Money Using Debt in Canadian Real Estate in 2021
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****DISCLAIMER:
With any and all investing you should always obtain independent legal, taxation and financial advice from a licensed professional before investing any of your own money.
Time map
00:00 using borrowed money to get rich
00:38 my mission
00:47 debt misconceptions
01:51 insight #1 mortgage your properties
03:42 3 ways to make money on a rental property
06:05 how home equity line of credit works
08:39 bonus
08:58 how to use credit cards to make money in real estate
10:29 let’s connect
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Пікірлер: 42

@rae717 2 жыл бұрын

Great explanation using simple numbers. Always like the humour!

@annswallow2247 2 жыл бұрын

All good strategies Darren. I like the HELOC one.

@DarrenVoros 2 жыл бұрын

Thanks Ann.

@Dhuzunga 2 жыл бұрын

Love this

@DarrenVoros 2 жыл бұрын

Thank you so much for watching.

@joelc3156 2 жыл бұрын

Love your work. Just a note: at 5:30 your calc for rental property with 80% mortgage, you have 24k as opposed to 2.4k on screen.

@DarrenVoros 2 жыл бұрын

Ahhh, thank you for the correction.

@IanWilliams83 Жыл бұрын

You made an error on you second example when calculating your cash flow with the home with 100k down. It was 2400/year not 24000/ year. So you anual total is significantly less than paying for a home in cash.

@fabiomorelli4511 Жыл бұрын

I believe there was a typo in the calculation The Cashflow should have been $2400 not $24 000 annually however his total of $29 400 is correct based on $2400 annual cashflow

@ritahogikyan8560 Жыл бұрын

👍👍👍 Your Awesome !

@DarrenVoros Жыл бұрын

Thank you Rita!

@gabrielyam1488 2 жыл бұрын

Thanks for the videos Darren, always very educating! Question, where do I go to find these private lenders? I’m in my late 20s and I want to get into real estate investing.

@IanWilliams83 Жыл бұрын

Oh your total was correct, just confused me there.

@monikaleszko5343 2 жыл бұрын

Ok so now I know I can buy furniture for my new place using their credit card ( no interest for a year ) and grow my credit score even more 🙏🙋🏼‍♀️ winning !! I hope ikea has one lol

@DarrenVoros 2 жыл бұрын

That's the idea!

@mayl4440 5 ай бұрын

Can the first topic mentioned be useful if the mortgage rate is higher like in 2023?

@tonyshaw7420 2 жыл бұрын

I have a LLC (oilfield contractor) is it a bad idea to add real estate investing for rental income to it? Or keep it as its own company? Not much liability in my contracting company, just my pickup truck.

@JosephKimJoeyBigTime Жыл бұрын

where do you find the people willing to pay 12% interest on the loan you give them using your heloc?

@suenorton5904 2 жыл бұрын

Thanks! If I take a Heloc on my primary residence and invest in a rental property or JV or Private REIT- are the interest payments on the HELOC tax deductible ?( I am not incorporated).

@RPLVID2012 2 жыл бұрын

Yes. As long as you are investing outside a tax shelter. Like RRSP,TFSA. Keep a paper trail. My CPA does it for me.

@HipChey 11 ай бұрын

Would love to see this same breakdown but with 2023 interest rates.

@DarrenVoros 10 ай бұрын

Challenge accepted!

@michaelfarah2588 Жыл бұрын

Please note at 5:30 minutes of the video it is 2400 not 24000, however, the final answer is correct.

@user-fc9gf5ou4b Жыл бұрын

I didn't get the math part can you help me understand 12k+24k+15k = 29k ?

@Gibatony Жыл бұрын

sound like robert

@monikaleszko5343 2 жыл бұрын

Darren, Thank you for all your knowledge Can’t wait to invest and be financially free one day and live on the beach haha 🏖

@DarrenVoros 2 жыл бұрын

That's the dream for many people. Set goals and reverse engineer them. You'll be there in no time.

@SureshKumar-ei2bw Жыл бұрын

Is the masterclass videos?

@DarrenVoros Жыл бұрын

Hi Suresh. It's online learning and live coaching. I'm running a promotion until Sept 6th. Message me if you're interested in it.

@austinfaulkner3918 Жыл бұрын

You made a massive miscalculation. You stated you’ll make $2,400 per year with a $200 positive cash flow. In your calculation you wrote $24,000, overstating your ROI massively.

@DarrenVoros 10 ай бұрын

I'm human. We make mistakes. But I appreciate you letting me know.