Gosia Szczech Realtor

04/22/2022

02/04/2022

First time buyer RRSP redemption plan 🎯🏡

The Home Buyers’ Plan allows you to withdraw up to $35,000 from your RRSP for your down payment, which can make owning a home much more financially achievable.
If you’re buying your first home with your partner (or another first-time home buyer) then you can withdraw a maximum of $70,000. Any money you withdraw has to have been in your RRSP for at least 90 days. If the money doesn’t sit in your RRSP for at least 90 days before being withdrawn, it may not be tax-deductible for that year. You’re able to apply to make a withdrawal from your RRSP before you build or buy a home, on a few conditions. You must already have a written agreement to buy or build a home when you make the withdrawal. You’ll also need to be a Canadian resident at the time you make the withdrawal, all the way up to when the home is built or bought.
You can also make the withdrawal after you buy or build the home, but there’s a time limit. You must make the withdrawal within 30 days of taking ownership of the home. If you try to make the withdrawal more than 30 days after you take the title of the home, your withdrawal won’t be eligible for the HBP and you’ll be taxed on the amount you withdraw.

01/16/2022

DO THIS SO YOU CAN AFFORD THIS! 🎯
You want more assets so the assists can pay for your liabilities.
Having more assets creates cash flow, more cash flow, more money in your pocket to pay for your liabilities!

01/04/2022

ONTARIO CLOSING COSTS! 🎯

- Land transfer tax
- Legal fees
- Closing adjustments

12/29/2021

FIRST TIME HOME BUYER TIPS 🎯

- Minimum down payment
- Get a Pre-approval
- Make sure you can afford the home you want
- Shop around (mortgage)
- Shop around (home)
- Take advantage of the First Time Home Buyers Programs
- Closing cost
- Moving cost
- Move-in expenses (home repairs, upgrades, finishing)
- Check and strengthen your credit

12/25/2021

12/16/2021

Non expensive way to increase your home value!
* Paint kitchen cabinets
* Update cabinet handles
* Get new outlets & light switch plates
* Add molding
* Make upgrades to your landscaping to make it welcoming
* Add visible storage
* Upgrade your fixtures
* Give each room a fresh coat of paint
* Remove old carpet and replace with new flooring



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12/16/2021

The BRRRR Method in real estate:
B - buy
R - renovate
R - rent
R - refinance
R - repeat



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