I'm very intrigued though about the possibility of taking equity out and putting into another income producing asset REIT,stocks, mutual funds etc. with the ability to deduct interest expenses. Again we are a young family - and not particularly well versed in real estate investments.
Any...
We are not glued to the rental condo we are currently in - the only reason it made sense for us to stay was of course how cheap our rent is. $1500/mo in downtown Vancouver is extremely rare so it gave us an opportunity to save some money for when we decide to buy a place of our own.
We have...
Hi all,
Ill give you some background on my situation. I currently own a home in Vancouver assessed at roughly 1.3mil. This home is currently being rented at $4300/mo. and is mortgage free with no debt against it.
My wife and I are currently renting a $1500/mo condo and looking to purchase a...
