Multi Family Real Estate Capital Gains Taxes

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  • เผยแพร่เมื่อ 4 ธ.ค. 2024

ความคิดเห็น • 233

  • @vontaylorco
    @vontaylorco 5 ปีที่แล้ว +10

    i'm turning 28 and i haven't ever watched anything more inspiring than this series with kasey on youtube. thank you matt and kasey!

  • @robc6310
    @robc6310 5 ปีที่แล้ว +3

    Yeah, love Kasey and this series. Every single one of these made me rewind or even watch a second time. Tons of value. Thanks for bringing this to us Matt!

  • @DarfBeowulf
    @DarfBeowulf 5 ปีที่แล้ว +33

    I see video with Kasey I watch it.
    KASEY IS LOVE KASEY IS LIFE

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว +2

      Hahahahaha love your enthusiasm!

    • @DarfBeowulf
      @DarfBeowulf 5 ปีที่แล้ว +1

      Keep it up buddy, keep pumping out quality content and interacting with all the comments and your view count will keep on rising!

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Darfex Can someone start a Kasey fanpage

    • @DarfBeowulf
      @DarfBeowulf 5 ปีที่แล้ว

      @@diegolawlietgedge9673 fanpage? You think to small my friend, let's worship him and open THE CHRUCH OF KASEY

  • @cryptonian7706
    @cryptonian7706 5 ปีที่แล้ว +9

    people having kasey’s his confidence alone would get them places

  • @KellanJames
    @KellanJames 5 ปีที่แล้ว +7

    Kasey and Matt - a killer combo! You always find the best investors to bring onto your channel.

  • @richardpatrick3795
    @richardpatrick3795 4 ปีที่แล้ว +1

    This man is an international treasure

  • @AbhayFernandez
    @AbhayFernandez 4 ปีที่แล้ว

    As someone that wants to get into multis, this is gold!! There isn't a ton of Canadian multi stuff, thank you so much for getting this info out!

  • @MrRichardHandley
    @MrRichardHandley 5 ปีที่แล้ว

    Thank you Matt for letting us have this moment with Kasey

  • @ZeroGenerations
    @ZeroGenerations 5 ปีที่แล้ว

    This is some of the highest quality and specific information I've come across on real estate investing. Kasey does an excellent job of explaining why he does one thing over another. Looking forward to more videos with him!

  • @gusti2wire
    @gusti2wire 5 ปีที่แล้ว +2

    I love the content, didn't Kasey started at 28!!! I love that! I'm 27 obsessed with this topic for a little over a month! And am preparing to rent out Living Space already on my own property!! Treat it as a business learn all the procedures.

  • @stephenhickey8062
    @stephenhickey8062 5 ปีที่แล้ว

    The improvement in production value, content and overall quality since I started following Matt 2 years ago is incredible.
    Well done.

  • @JeffersonPapers
    @JeffersonPapers 5 ปีที่แล้ว +15

    The legend returns, tell this man to start a vlog or podcast

    • @JeffWybo
      @JeffWybo 5 ปีที่แล้ว +1

      Jefferson Pundit hmm good idea !!!

    • @CryptoTUSO
      @CryptoTUSO 5 ปีที่แล้ว

      We need an book from this man

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Jefferson Pundit They should COLLAB.

  • @WhiteArmour
    @WhiteArmour 5 ปีที่แล้ว +15

    Kasey is amazing to give all this Canadian information away for free. Matt and Adam, do you guys work with Kasey to find deals or investors?

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว +4

      So far we’ve just been shadowing Kasey one day a month.
      I currently invest in London, have about 20 properties or 60ish units.
      Adams just started investing in 2018

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว +1

      White Armour Consulting Maybe they could collaborate on a course

    • @WhiteArmour
      @WhiteArmour 5 ปีที่แล้ว

      I am curious what types of buildings you buy, are you limited by capital, and what realtor do you use? @@CanadianRealEstateChannel

    • @WhiteArmour
      @WhiteArmour 5 ปีที่แล้ว

      Great idea! - @@diegolawlietgedge9673

  • @WiktorTomaszJanik
    @WiktorTomaszJanik 5 ปีที่แล้ว +16

    KASEY is amazing.

  • @sbaillie030406
    @sbaillie030406 5 ปีที่แล้ว +1

    I am enjoying these videos. Please continue to share.

  • @radies
    @radies 5 ปีที่แล้ว +5

    Kasey the King! These videos are probably so fun to film.

  • @AliSemir
    @AliSemir 5 ปีที่แล้ว +1

    I own 35 units in Richmond, VA and can tell you that Kasey is a hustler and genius. To the financial guy who posted in another video about his returns, stfu and go troll elsewhere, if your returns really are better then start your own youtube videos and get off other people's!
    Do yourselves a favor and listen a little without being so judgmental. You will learn from Kasey - I did. I scheduled two contractors at meet me at the same time just yesterday and received two very competitive bids as a result. Gave one project to each. Keeps them honest with a spirit of competition. Thanks, Kasey.

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Ali Semir That’s awesome and I agree Kasey is a hustler

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว

      Thanks Ali! I Appreciate it! Would you ever be interested in being in a video? If so dm me on insta or email me matt.fieh at gmail

    • @AliSemir
      @AliSemir 5 ปีที่แล้ว

      @@CanadianRealEstateChannel I would be - Will email you now

  • @JeffWybo
    @JeffWybo 5 ปีที่แล้ว +2

    Love this series !!!

  • @michaelmisilo6411
    @michaelmisilo6411 5 ปีที่แล้ว +5

    Matt thank you I was waiting for another kasey video!!

  • @TheCaliman14
    @TheCaliman14 5 ปีที่แล้ว +1

    Value! Value! And more Value!
    Thanks again

  • @CommandoMaster
    @CommandoMaster 5 ปีที่แล้ว +1

    To do the 1031, do you need to fill out a form to indicate that when u do your taxes?

  • @stefanolodato2341
    @stefanolodato2341 5 ปีที่แล้ว +2

    I love the content you put out it Matt McKeever. Thank you Matt and Kasey for your time and knowledge.
    Matt mckeever could you add links to content that Kasey does not go into detail about? I want to understand more and i know you have covered alot of what is spoken by guest on your channel.

    • @realestateratpack341
      @realestateratpack341 5 ปีที่แล้ว

      Thats a really good suggestion. Links to other items not covered in detail would be very helpful

  • @tomtom-ec6tb
    @tomtom-ec6tb 5 ปีที่แล้ว +1

    Kasey is awesome. Always look forward to his videos. He should do a mentor programme and write a book.

  • @MitPerin
    @MitPerin 5 ปีที่แล้ว +2

    Looking forward to meeting Kasey in the future soon and obtaining more knowledge!

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว +1

      Financial Therapy - Mit CPA When are you collaborating more with Matt?

  • @spancj1
    @spancj1 5 ปีที่แล้ว +1

    Thanks again for the excellent content! Thanks Kasey for all the information. ( I am from the Hamilton Area )

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      spancj1 Have you checked out there courses ?

    • @spancj1
      @spancj1 5 ปีที่แล้ว

      @@diegolawlietgedge9673 not yet.

  • @ThAtwal
    @ThAtwal 5 ปีที่แล้ว

    Highly appreciate all the value you guys are providing. Had a question for Casey and everyone else as well. What does he think about Senior Housing? Has he ever considered or does anyone have any input or knowledge about senior housing.
    Thanks

  • @rvingwego1334
    @rvingwego1334 5 ปีที่แล้ว +2

    Great series.

  • @ajm9238
    @ajm9238 5 ปีที่แล้ว

    How do the tenants pay for baseboard heat if it's running off a common boiler system that feeds all the units? Usually common boiler systems are not metered seperatley. Are the units metered seperate?

  • @jordanreyesivan
    @jordanreyesivan 5 ปีที่แล้ว +1

    Bid3o ends at 16:55

  • @MikeyFFA500
    @MikeyFFA500 5 ปีที่แล้ว +4

    I'm not sure I understand the 50% leverage part, can anyone expand on that? Thanks

    • @Tyrone8700
      @Tyrone8700 5 ปีที่แล้ว +5

      Simply put make sure the value for your assets is 50% or more than the money you owe to the bank. Keep in mind this is something that happens over time and not immediately after your first deal.

    • @WhiteArmour
      @WhiteArmour 5 ปีที่แล้ว +3

      I may be wrong, but it's... If you want a loan, let's say "100,000" and use/give "50,000" of your own money. So you would be leveraged by 50%. If you give 25% down then 75% would be leveraged. etc.. If I'm wrong I hope someone corrects me. LOL!!

    • @HaploPrime
      @HaploPrime 5 ปีที่แล้ว

      www.investopedia.com/articles/mortgages-real-estate/10/increase-your-real-estate-net-worth.asp

    • @MikeyFFA500
      @MikeyFFA500 5 ปีที่แล้ว +1

      Thanks everyone!

    • @kenbrunet6120
      @kenbrunet6120 5 ปีที่แล้ว +1

      A more in depth answer would be that typically you'd start out leveraged to 80%. Having put 20% down. Through time, Mortgage gets paid down and building appreciates. You could get to 50% ratio and stay there. But I would think that you'd stay leveraged close to 80% for your first few buildings. Over time you could aim to have you leverage point drop. Im 50% sure this info is helpful lol

  • @kevinred77
    @kevinred77 5 ปีที่แล้ว

    KASEY IS GOALS!!!!!!!!!!

  • @Armaaaniie
    @Armaaaniie 5 ปีที่แล้ว +2

    Biggest request i have for you:
    Can you please make a video of Tenant Evictions and the process involved?
    Please ask Kasey! I’m sure everyone on your channel would love to know as thats a major part of owning Multi Family properties

  • @kenbrunet6120
    @kenbrunet6120 5 ปีที่แล้ว +4

    I've noticed that on the occasion that I can't follow the math in real time. I just zone out and decide that what he's saying is "blah blah blah, numbers, percentages. Real Estate is Good"!!

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Ken Brunet Have you tried taking notes while you watch? (To keep you focused)

    • @kenbrunet6120
      @kenbrunet6120 5 ปีที่แล้ว +2

      Sometimes I do. Depending on the content. Rewind is my best friend

  • @madchild74
    @madchild74 5 ปีที่แล้ว +1

    Great stuff again! Kasey is the man!

  • @nickliddell97
    @nickliddell97 5 ปีที่แล้ว +2

    Amazing video. Good work man

  • @cnat01
    @cnat01 5 ปีที่แล้ว +2

    Any one doing REI in Las Vegas, USA? Maybe a video here, Matt. Thanks for all the videos. Kasey rocks.

    • @cnat01
      @cnat01 5 ปีที่แล้ว +2

      I would love to see a successful story like Kasey in Vegas. Perhaps, we can join force.

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      cnat01 Did you see there mastermind ?

    • @cnat01
      @cnat01 5 ปีที่แล้ว

      @@diegolawlietgedge9673 what's that?

  • @brendenellasfunadventures4186
    @brendenellasfunadventures4186 5 ปีที่แล้ว +2

    Always great info

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว

      Thanks for the support!

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Brenden & Ella's Fun Adventures have you seen the other Kasey videos

    • @brendenellasfunadventures4186
      @brendenellasfunadventures4186 5 ปีที่แล้ว

      Diego Lawliet Gedge yes I watch all of it . Down here in Cali . Prices are high yes . So I invest out of state . Trying to get small properties to build up for financial freedom .with what capital we have . One day and one property st a time .. lol keep up the great informative videos

  • @kingX777
    @kingX777 5 ปีที่แล้ว +3

    I definitely don’t understand all the terminology and taxes but love watching the vids.

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      kingX777 I would check out there other videos they go into explaining what terms mean

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว

      Haha - thanks for watching!

    • @cedrik9364
      @cedrik9364 5 ปีที่แล้ว

      what are the others video that explain the many terms and the "science" to also understand the legal stuff behind real estate. That would be very usefull @@CanadianRealEstateChannel

    • @KidCity1985
      @KidCity1985 5 ปีที่แล้ว

      If you are in the US research 10-31 exchange.

  • @ChrisG4Johny
    @ChrisG4Johny 5 ปีที่แล้ว +1

    This is great! I'm new to real estate investing, I just got a group of investors together and these videos are helping us a lot in terms of strategy. We are from Montreal and we really appreciate that your content is geared towards the Canadian market. Looking forward for more videos!
    Thank you Matt and Adam!

    • @cortezgroupvideos
      @cortezgroupvideos 5 ปีที่แล้ว +1

      Hi Cristopher, I'm from MTL too.. I'd like to connect with real estate investors like you. I hope we could meet by any chance. Thanks. Art.

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว

      That’s awesome! Thanks for sharing!

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Christopher Nichilo That’s awesome wish you the best of luck. I would check out there other videos!

  • @MikeRosehart
    @MikeRosehart 5 ปีที่แล้ว

    Finally got a chance to check this video out. Casey has interesting perspectives.

  • @TankOutRs
    @TankOutRs 5 ปีที่แล้ว

    WHen he says something cost... I assume he is talking about Canadian dollars. Is that correct?

  • @SomeCrazyCanadian
    @SomeCrazyCanadian 5 ปีที่แล้ว +1

    Kasey is killing it with this awesome advice!

  • @ThinhNguyen-pm1bi
    @ThinhNguyen-pm1bi 5 ปีที่แล้ว +1

    Thanks Kasey!@

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว

      What should we ask Kasey in future videos?

    • @ThinhNguyen-pm1bi
      @ThinhNguyen-pm1bi 5 ปีที่แล้ว

      @@CanadianRealEstateChannel What would 21 years old Kasey do with $40k in rental property?

  • @patrickwilliams6594
    @patrickwilliams6594 5 ปีที่แล้ว +1

    Hey Matt I live in BC Canada and I'm glad Kasey touched on the 1031 Exchange as I have been looking for Canada's version of this but coming up empty handed, but as you're an accountant, is there any way that Section 44 (IT-259R4) would apply to this? If not do you tend to Claim CCA on your rental properties? If so are you concerned about recapture if/when you were to sell any of your properties?
    As always I'm loving the Kasey videos! Please keep them coming

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Patrick Williams great question

    • @kiput3647
      @kiput3647 5 ปีที่แล้ว

      yea did you find out any more info ?

  • @Tunafishyme
    @Tunafishyme 5 ปีที่แล้ว

    This is great stuff guys - love it. I believe Canada doesn't have a 30 year fix so most people do 5/1, is that true? Does he recommend Americans to do 7/1 ARM to get the lowest rate and then re-up to improve cashflow? Any concerns that interest does go up and it wrecks the cashflow?

  • @Mrkwesijohnson
    @Mrkwesijohnson 5 ปีที่แล้ว +6

    Super happy that human beings like this exist. Matt et al. your vision and continued drive made this happen. Keep the gas on my friend. Would love to hear more about your vision beyond the machine your building. World dom is fine but the monopoly pieces will have to go back into the box some day. Thanks for sharing these awesome sources of inspiration with us btw!
    .
    .
    .
    Kasey is the truth!!!!!!👑

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว +1

      Thanks man! Really appreciate the support!

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว +1

      Kwesi Johnson What a great comment

    • @Mrkwesijohnson
      @Mrkwesijohnson 5 ปีที่แล้ว

      @@diegolawlietgedge9673 Thanks for your comment as well. Matt and Co. have been a real inspiration for me. Hope their drive to give doesn't stop as they level up.

  • @LeadershipwithMike
    @LeadershipwithMike 5 ปีที่แล้ว +1

    So, after 5yrs you refinance and push the terms back to a 30yr to make more income monthly? Or so long as you cover costs do you take lump sum of equity out?
    3 properties I have monthly profits of $1100 after expenses. Do I try to profit $2000 a month or do I try to keep profits the same while pulling $50k equity out?
    As an example lol

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว +1

      Leadership with Mike have you tried scheduling a coaching call with Matt

    • @LeadershipwithMike
      @LeadershipwithMike 5 ปีที่แล้ว

      Diego Lawliet Gedge honesty answer is no... I usually just come up with a question as I watch things like these.

  • @dontrinh7686
    @dontrinh7686 5 ปีที่แล้ว

    I love watching these videos, thanks for the post matt.!

  • @sunnyday6749
    @sunnyday6749 5 ปีที่แล้ว

    How do I invest with kasey??

  • @honestly101
    @honestly101 5 ปีที่แล้ว +2

    Kasey, what do you think about the Smith Maneuver? I heard its similar to the 1031 exchange. it may save you some money on capital gains.

  • @unico2162
    @unico2162 5 ปีที่แล้ว +2

    Again very useful info.
    But money should not be saved should be used wisely...

  • @honestly101
    @honestly101 5 ปีที่แล้ว +4

    #51
    Thank you Kasey Wong!!😀😀
    Thank you Adam Martin and Matt Mckeever.

  • @brianschultze1743
    @brianschultze1743 5 ปีที่แล้ว +2

    Thank you Kacey keep crushing it

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว

      Thanks for watching! Are you currently investing in real estate? If so in what market?

    • @brianschultze1743
      @brianschultze1743 5 ปีที่แล้ว

      @@CanadianRealEstateChannel Yeah! I'm currently investing in the middle of Virginia! I have one property but I am managing 5 others! Thanks for the interest!

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Brian Schultze Have you seen their other videos

    • @brianschultze1743
      @brianschultze1743 5 ปีที่แล้ว

      @@diegolawlietgedge9673 I have been watching for a while about a year and a half but I have watched all of Kacey's videos that Matt has released and I love them all!

  • @ObscureManifesto
    @ObscureManifesto 5 ปีที่แล้ว

    Hey Matt, I am a part-owner and operator of a 100 room hotel. I am looking to start investing in residential real estate because it is becoming extremely hard to find a deal in my industry as most buyers end up overpaying. What would you recommend for someone with 100k ready to invest, but my area has extremely high property taxes which result in negative cash flow at market rents.

  • @clintonmoore8527
    @clintonmoore8527 5 ปีที่แล้ว

    Ty Kasey

  • @Thenevisian
    @Thenevisian 5 ปีที่แล้ว

    I've got 50,000, what do I do? Apartments?

  • @d.m.5900
    @d.m.5900 5 ปีที่แล้ว +1

    Love the knowledge share!

  • @jordanking7550
    @jordanking7550 5 ปีที่แล้ว +1

    Awesome channel and content guys! What did Casey do for work before he started investing and learning in real estate?

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Jordan King He answered that in an earlier video I believe the second one they did.

    • @jordanking7550
      @jordanking7550 5 ปีที่แล้ว

      @@diegolawlietgedge9673 Thank you very much for the reply, I will definitely check out the earlier videos for that information.

  • @KaramKhalilTV
    @KaramKhalilTV 5 ปีที่แล้ว +2

    Love these! Matt when are you coming down to Dallas so I can get you on my TH-cam channel? ;)

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว +2

      💯- we want an excuse to leave Canada winter behind anyways

    • @KaramKhalilTV
      @KaramKhalilTV 5 ปีที่แล้ว

      @@CanadianRealEstateChannel Hahaha it'll happen soon!

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว +1

      Karam Khalil amor you go up there

    • @KaramKhalilTV
      @KaramKhalilTV 5 ปีที่แล้ว

      @@diegolawlietgedge9673 Ok i'll book the flight

  • @self-madeentrepreneurshipc8862
    @self-madeentrepreneurshipc8862 5 ปีที่แล้ว

    Another great video keep up the great work! Tons of value. Learned so much! Capital gain tax sucks in Canada too bad we don't have a 10-31 exchange like the US. Thanks Matt!

  • @RichAction
    @RichAction 5 ปีที่แล้ว +1

    Hey matt ask casey how many investors he has on each property and what's there equity position and what do they earn per quarter or month on their investment. Casey thanks for sharing man

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว +1

      Rich Action Have you tried dming Matt on Instagram to ask questions ?

    • @RichAction
      @RichAction 5 ปีที่แล้ว

      @@diegolawlietgedge9673 na I'll do that now i saw him heart the comment a day ago so i assummed he looked at the comments lol 😅

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว +1

      Thanks for the suggestion Rich! Hoping to cover that the next time we see him!

  • @erinjk123
    @erinjk123 5 ปีที่แล้ว

    Maintenance, utilities, mortgage interest, taxes, investor share, etc eat up some of the profit. Some of that can be deducted from taxes. Seems like it should be grossing a little more. Equity is paying down the mortgage or reinvested.

  • @CommandoMaster
    @CommandoMaster 5 ปีที่แล้ว +1

    Utilities are the big expense. 15-20% of gross income in expenses is good. 40% should be the max.

  • @pavelushakov6612
    @pavelushakov6612 5 ปีที่แล้ว +2

    Thanks for the video, great content. Liked without seeing and it didn't disappoint. Wonder how much he is making per month gross total ha!

  • @amolgill7480
    @amolgill7480 5 ปีที่แล้ว +3

    Kasey should seriously consider making a guide or book for investors looking to invest in real estate 🏡.

  • @motchanasacla8873
    @motchanasacla8873 4 ปีที่แล้ว

    Love kasey so smart! Would like to learn from him..my mind just twitch into real state and im like a sponge absorbing everything that my small mind could..im from a small town of grande prairie and i just got stupid of buying a house so early wiyhout even thinking! Now i work 12 hrs plus i just lost my 6hrs part time..its crazy working for somebody 7days a week..goin to calgary this sunday for my first real state seminar..

  • @alexed97
    @alexed97 5 ปีที่แล้ว +1

    Kasey has been execellant.

  • @lincolnisrael1634
    @lincolnisrael1634 5 ปีที่แล้ว

    Thank you for the great insights. Awesome stuff.

  • @dsinformation6640
    @dsinformation6640 5 ปีที่แล้ว +1

    Thanks for the information

  • @honestly101
    @honestly101 5 ปีที่แล้ว +2

    Kasey see you at Orec Windsor and London.

  • @codybersicc7939
    @codybersicc7939 5 ปีที่แล้ว

    *2:50** what type of floors did he say they were*

  • @5Saucer
    @5Saucer 3 ปีที่แล้ว

    "We'd love to travel", 2019
    2020/21: LOL

  • @inthetrenches707
    @inthetrenches707 5 ปีที่แล้ว

    what your opinion on using capital cost allowance to depreciate your building? The way I view it is that it is similar to an RRSP and you just have to realize you have to pay that back if you ever sell. However when you defer your taxes it allows you to accumulate more properties faster. let me know what ya think!

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Brandon Jonson good question

    • @madatown
      @madatown 4 ปีที่แล้ว

      One school of thought is to always claim CCA. Better to have the money now to reinvest (through less taxes). Then hopefully if all goes well in 30 years, you'll be better off and can pay it back when you sell.

  • @jonazevedo28
    @jonazevedo28 5 ปีที่แล้ว +2

    Are you kidding me! This guy is amazing, thank you for sharing his wisdom.

  • @BobaFet77
    @BobaFet77 5 ปีที่แล้ว +1

    Inspiring, I want 65 units! :D

  • @thatcoolkidjoey
    @thatcoolkidjoey 5 ปีที่แล้ว

    If that boiler is $13,000 I would definitely not just have a chain link fence around it better upgrade to Steel bars

  • @irvingjorge6180
    @irvingjorge6180 5 ปีที่แล้ว +2

    I'm in the USA looking for my 1st property😁

  • @GamerTreasures
    @GamerTreasures 5 ปีที่แล้ว

    I'm a comment section lurker. LOL Always learn something when Kasey is around. I'd really like to hear from someone who builds units *Brand New* from the ground up then rents them out.

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว +1

      Gamer Treasures Send an email to someone who is doing what you want to do

    • @GamerTreasures
      @GamerTreasures 5 ปีที่แล้ว

      @@diegolawlietgedge9673 Most definately! I just thought it would be a good opportunity for Matt to find someone else for good content for his channel as well. :)

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว +1

      Thanks for the suggestion!

  • @Luigi555551
    @Luigi555551 5 ปีที่แล้ว +1

    This shit is so valuable my GOODNESS

  • @jonathanmascarenhas185
    @jonathanmascarenhas185 4 ปีที่แล้ว

    Well if the US is that good, why isn’t Kasey buying property there?

  • @Shredder656
    @Shredder656 5 ปีที่แล้ว +1

    anyone wanna explain the math th 12% and 15% ?

    • @Shredder656
      @Shredder656 5 ปีที่แล้ว

      leverage part

    • @Shredder656
      @Shredder656 5 ปีที่แล้ว

      @@IllinNoise86 thank you

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      The Killer Commando Matt has done other videos on leverage I would check those out

  • @codybersicc7939
    @codybersicc7939 5 ปีที่แล้ว

    *dont really understand what he means on leveraging*

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Cody Bersick Some other people commented and an investor from Chicago answered that question :) Have fun learning dude

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว

      In essence, the higher the leverage the higher the cash on cash return

  • @accomplishedtheory9502
    @accomplishedtheory9502 5 ปีที่แล้ว

    10:06 Kasey knows his shit. That fruity boy investor is advocating paying straight income tax (highest rate) on his rental income. Refi, create a higher mortgage interest amount to deduct against rental income and either buy more properties or you can safely invest in a 60/40 stock bond portfolio with that money while it grows tax free until you create taxable capital gains.

  • @renegadezen7841
    @renegadezen7841 5 ปีที่แล้ว +2

    Dude has swag

  • @shorodipchowdhury9006
    @shorodipchowdhury9006 5 ปีที่แล้ว

    Capital gains? More like Capital pains!

  • @accomplishedtheory9502
    @accomplishedtheory9502 5 ปีที่แล้ว +1

    2-3% caps and hiring a property manager for 5%... bruh.. what kinda idiot would invest in that? It’s crazy how one idiot pays a high price and now the value of all the neighbouring units goes up. If some idiot buys my BMW for 10K more than it’s worth it’s not like the benchmark for a 2015 5 series just went up 10k. Too bad the days of idiots overbidding and bigger clowns outbidding them are gone. I wish I cashed out in 2017. It’s hot in Mexico right now and none of my tenants have called me during my vacation. Shit’s alright. Hamilton slummin. Can still get some good cap rates here.

    • @CanadianRealEstateChannel
      @CanadianRealEstateChannel  5 ปีที่แล้ว

      When are you coming on the channel?
      Dm me on insta or send an email

    • @accomplishedtheory9502
      @accomplishedtheory9502 5 ปีที่แล้ว

      Matt McKeever too camera shy bro. Once it’s on the internet it’s there forever. I’d buy you guys a beer though :)

    • @diegolawlietgedge9673
      @diegolawlietgedge9673 5 ปีที่แล้ว

      Tyler P You like the word idiot a lot I guess

    • @accomplishedtheory9502
      @accomplishedtheory9502 5 ปีที่แล้ว

      @@diegolawlietgedge9673 I was hammered and too much sun. I should have thrown a few goofs in there, maybe used clown another time. Degenerate wouldn't be too fitting.

  • @Drew1355
    @Drew1355 5 ปีที่แล้ว

    Kasey the GOAT

  • @accomplishedtheory9502
    @accomplishedtheory9502 5 ปีที่แล้ว

    We need to vote for Maxime Bernier of the PPC party. He plans to eliminate capital gains tax. It’s bullshit having to pay tax on our gains that were already taxed once already c

  • @30minutesLess
    @30minutesLess 5 ปีที่แล้ว

    Ben Mallah on konkrete tv/youtube. Check it out.

  • @unodia109
    @unodia109 5 ปีที่แล้ว

    Say goodbye to that 1031 exchange if you Americans vote Democrat in the 2020 election 🗳

  • @HungarianExperiment
    @HungarianExperiment 5 ปีที่แล้ว +1

    FIRST

  • @mikaelasin3996
    @mikaelasin3996 4 ปีที่แล้ว

    another real estate investor talking shit about stocks. i do both and with one security im esrning .63 cents oper dollar lol i dont need stipid jv deals to buy properties cause i get my funding from imvesting/trading stocks.