Recent content by Trizzy

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    TDS Changes - Need your input

    Point taken. I guess my perspective is, "make hey while the sun shines".
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    TDS Changes - Need your input

    ^ What he said.
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    TDS Changes - Need your input

    Yes, or invest in a REIT fund, which is likely what i'll be investing in when I make the manoeuvre. It's a relatively stable investment, fairly high yields, monthly dividends which are also tax deductible and potential for growth.
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    I Want To Quit My Job

    I think i'm sided towards nubiwan's point. Knowledge is power, and for that you are well equipped to be successful. However, knowledge these days is often free and widely available. Is a $25k course really going to teach you anymore than a $25-50 book? Maybe. Am I willing to spend $25k to find...
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    TDS Changes - Need your input

    Just a few
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    TDS Changes - Need your input

    I don't believe my property falls into the categorization of a boarding house. It is zoned and deemed a legal duplex. and I collect one rent check from a GROUP of students. They are all friends, therefore for all intents and purposes are considered a family. I only used the rent/room example...
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    TDS Changes - Need your input

    lol thanks! It's a modest portfolio at the moment, but it will expand. Off the topic for a second, my name really needs to be changed. lol Trizzy is a little juvenile, not sure why I used it on a mature forum. Ah well, can't kick nicknames given to you I suppose. :)
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    TDS Changes - Need your input

    Just to clarify, I only own one property. I plan on purchasing my second. I did not realize that mortgage interest is tax deductible on rental property. I suppose it would make more sense to execute the strategy on my primary. The only issue here that I forsee is that lenders who offer...
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    Over 1 Million In One Year

    That truely is a great accomplishment. You gave me some great insight that I will likely use in my own endeavours. Cheers and congrats on your success!
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    Cash flow or equity paydown!

    Correct, this is essentially what the Smith Maneouvre constitutes as you describe. I fully plan on using this tactic myself, as it's great when paired with a monthly dividend distribution fund like a REIT. Less volatile, consistant returns and the dividends are tax deductible themselves!
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    TDS Changes - Need your input

    I would assume most RE investor are stuck in the same dilemma. I will check out Dominion. Anyone refer any lenders that they know use the 80% rent offset?