Ep. 23 - A Fun Story and Real Estate Advice for Newbies

Keeping it Real

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Can navigating the real estate market in British Columbia be your ticket to financial independence? This week on "Keeping it Real," we break down the essential government incentives that first-time homebuyers in BC can't afford to miss. From the First-Time Homebuyers Incentive to the GST Housing Rebate, we've got your roadmap to making homeownership a reality. We also dive into unique scenarios where life changes like divorce may still qualify you as a first-time buyer. And for those eyeing high-cost areas like Vancouver, discover cutting-edge strategies such as co-ownership that can help young people build wealth, all while emphasizing the importance of having airtight legal agreements.
Switching gears, we put property investment under the microscope, using Ted's potential purchase in Merritt as our case study. We'll show you the financial nuts and bolts, illustrating how rental income can make your investment cash positive even from day one. We also touch upon the risks and rewards of property management and the necessity of thorough home inspections. Plus, we'll sprinkle in some local flavor with news about the new gondola project at Grouse Mountain and share lighthearted personal updates, including my newfound pickleball obsession and a glowing recommendation for the show "Hacks" on Crave. Tune in for a blend of actionable real estate advice, personal stories, and local updates!

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Chapters

1. Homebuyer Incentives and Real Estate Wealth (00:00:00)

2. Property Investment Strategy for Young Adults (00:15:49)

3. Sharing Thoughts on a Podcast (00:22:22)