Eliminate personal risk and save money are the two most important aspects in any business decision. These can both be reduced by one little trick that is simple to setup and execute. The key is forming a bare trust. What is a Bare Trust? Simply put it is a company created with the sole purpose of hedging your building by separating you (who becomes the beneficial owner) and the bare trustee [...]Read more
Is the land under your property more valuable than the property itself? This premise may be counter-intuitive to you as the property owner. How can the dirt be more valuable, sometimes much more, than the entire improvements, which provide a steady rental income?
The answer is simple. Land is a finite commodity, there is not going to be any more of it. We live in a landlocked city with the [...]Read more
This is the big question now. It used to be that there was too much tax to pay upon sale. This is still a large deterrent to selling but no longer the main concern. The Federal Governments reducing the capital gain tax to 50% from 75% has softened the blow. However, with interest rates on GIC's or deposit accounts all in the sub 2% range [...]Read more