Leverage is power in the investment world, and buying real estate by leveraging makes it one of the most effective investment strategies available. In the simplest of terms, levering means using other people’s money (OPM) to purchase an investment. A mortgage would be considered leveraging; using the equity against one property to help finance another [...]
Is real estate an investment? I believe it is, but not everyone thinks so. If you talk to an account manager at your bank, she probably won’t suggest investing in real estate, although she would be happy to take your mortgage while steering you into an RRSP. Ditto with an independent investment advisor – he’ll [...]
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