How Much Profit We Made From Our House In Canada
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- Опубліковано 8 лип 2024
- Harmeet (Realtor): 519 774 4663
Manpreet (Mortgage Broker): 437 449 4663
Simple analysis to show how much rental income we generated from our investment property
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Kanedda mein main 40 saal se reh rahi hoon. Ek baat maine yahaan achhi tarah se seekh li hai.
Kabhi bhi, kisi bhi Sikh ya Punjabi realtor aur car dealer se kuchh mat khareedna. Badey chunt, matlabi, makkar, aur cheater hote hain ye log. Inka shaitaani dimaag badaa shaatir hotaa hai. Ye aapka saara paisa loot lenge aur dakaar bhi nahin lenge. In logon se bach ke rahiyo. In logon mein meetha meetha bolke, jhooth bolke, dhokhaa deke, fraud karke paisa kamaane ka talent koot koot ke bharaa hotaa hai. Bach ke rahiyo Sikh ya Punjabiyon se. Ye log itne fraud karte hain jiski hudd nahin. Imaandaari se kaam karnaa inko sikhaaya hi nahin gayaa. Jaise taise, jhoothe certificates, jhoothe IELTS, jhoothe medical reports arrange karke aa to jaate hain yahaan, lekin harkatein wohi Punjab ya Delhi waali. Ye aapko bech denge market mein aur aapko pataa bhi nahin chalegaa. Duplicate maal aapke matthhe maar denge, aise haraamkhor hote hain Punjabi aur Sikh log.
Ye hai meraa Canadian experience ka nichode.
How one builds equity when there is 66% capital gain tax, and continuous increase in condo fee.
Very informative Video
Keep it up
Thanks a lot
As always valuable information
So nice of you
Very nice vlog 🙏❤️
Fair analysis for this case but I would say that this is all banking on the fact that your property was $270k at the start. Not much growth these in such an economy, making most new purchases not worthwhile.
Unfortunately the millisecond that interest rates drop even further, homes tick up in price again. Has happened since…..forever
Please subtract capital gain tax from your profit.
When calculating capital gains, it's important to consider the various expenses involved beyond just the sale price. These include closing costs, realtor fees, and other related expenses, which can significantly impact the net gain.
Very informative video, thanks! My question is if the cash flow is neutral or net positive, why would someone want to rent it (except for non PR/citizens) and not buy it themselves? Is it easy to find tenants there? Also, given the situation of LTB, do you think it is safe to buy a rental condo?
First time hone buyers look for such condos
@@CanadaCoupleVlogs Sure, it is good for first time home buyers. I meant why would a renter want to rent it when they can buy it themselves (unless they are new to the country)?
Mortgage eligibility, no downpayment, no credit score. They plan to go back. No pr.l etc
Nice informative vlog....can u pls do a vlog on the full home tour of ur another new house where you are staying now
Will do soon
Please also note I will be visiting Toronto in june 2025.
I would also be fine with a house possesion by then.
Please get in touch with me.we can start the process immediately.
Many thanks.
Nice Information, thank you for calculation :)
What is the current rent of this place?
1800
@@CanadaCoupleVlogs one request if you come to Saskatoon pls conduct a meet up, we came here seeing your vlogs, we want to meet you in person❤️🤍🫶🏻
Also, wow what a rent for a beautiful condo and amenities in 1800, here people are spreading rumours that Ontario rents are 3k.
Here we are moving next week in an apartment, it’s rent is 1848 exclusive of parking Internet and electricity and it’s not in downtown area, when we saw rents on Internet from India the rents were showing 900-1300 max, but after coming here reality is totally different.
@@CanadaCoupleVlogs kudos to you Manpreet, we need more people like you and Manpreet in Canada. Also, a great realtor.
Nice video . Please make a video on how and where to look for genuine builders for condos ?
We have list of top builders. Feel free to contact us
Can you make an information vlog about pros and cons of pre construction condos and homes, about down payment %, mortgage etc?
Sure, feel free to call too
5197744663
Pr ni fal mu kel hoi to property li sakie
my friend you forgot to pay capital gain tax--
Please deduct property gain tax also
👍👍👍👍👍👍👍
Hello sir
Hello canada couple. How difficult is realtor course. i am on super visa. Is it advisable to do
You need pr for that
Rent kitna hai?
Hi Watched your video, pretty nice. I am also from Delhi and have been following your channel since long.
I have few questions and would need your expertise and guidance.
Can you suggest another location close to downtown Toronto for under-construction condo.
Secondly under-construction condo in Kitchener in good location.
The condo should be 1 bhk.
Total cost, down payment % and mortgage details.
Please advise how do we coordinate.
Many thanks.
Hello
Feel free to reach out 5197744663
Hi I am in Delhi how can we start a dialogue with you.
Manpreet and Harmeet bhai I am your old fan,pls.share pre construction houses in London and kitchner,
also name a good builder in London❤️
Cant share in comments
Feel free to call 5197744663
Any pre construction projects in kitchener plz let me know interested to buy 1+1 0r 2+1
Feel free to call 5197744663
Buddy, what about capital gains tax? 50% of the gains adds up to your income making it worse, no?
If you sell then yes
$460,000 condo in 2022 is down to atleast by 30-35% so value should be around 325,000
Please send me the listing for 325k condo that is 2 years old. I have buyers
@@CanadaCoupleVlogs I am saying if the value was 460,000 then compared to that time the condo market has dropped 30% compared to 2022 price
460k in 2022, prices are down about 20% so
It’s closer to $370k
and closing cost.
mortgage penalty
Lawyer fees realtor fees
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This market is not for investors unless you are putting a big down payment .
Resale is not for investors right now precon is.
Hi, is it true that for to buy investment or second property have to put 20% down payment?
If it’s an investment property then yes
Absolutely if investment then 20%
Second owner occupied can do 5% down, but stress test should be in line.
"Achi salary" kitni hoti hai ?
Depends on lifestyle
Achi salary Canada main 100k hoti hai
Despite all the financial struggles i and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord!!!
Hello how do you make such monthly ??
I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God
0:01 It is the digital market. That's been the secret to this wealth transfer. A lot of folks in the US and abroad are getting so much from it, God has been good to my household Thank you Jesus
Thanks to Ms Elizabeth Ann Larson 🙌❤️✅✅
YES!!! That's exactly her name (Elizabeth Ann Larson) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺
I have heard a lot of wonderful things about Elizabeth Ann on the news but didn't believe it until now. I'm definitely trying her out