Quotes of the Day

The Golden Rule: Always Make Money on the Buy. Finding undervalued properties gives investors more tactical options to choose from to further their profits and achieve their goals. Motivated Vendors: If a vendor is getting transferred due to employment, they may be motivated to sell at a reduced rate. A vendor who is downsizing may take a reduced rate if he or she believes the buyer will take care of the property. Distress Sales: Couples who want to quickly divest themselves of shared property as a result of marital discord may sell for a lower-than-average price. Estate Sales: Sometimes family beneficiaries are inclined to make a quick sale, in lieu of holding out for fair market value, so they can realize their share of the cash faster. [2011] - Don R. Campbell

Those who choose organic produce seem to have lower cancer rates after controlling for confounding factors, but even if it's cause and effect, the benefits of consuming conventionally grown produce are likely to outweigh any possible risks from pesticide exposure. So, concerns over pesticide risks should never discourage us from eating as many fruits and vegetables as possible. The potential lifelong damage of any pesticides on produce is estimated to cut only a few minutes off a person's life on average, which is nothing compared to benefits we get from eating fruits and veggies. [2023] - Michael Greger

Your security deposit should basically be enough to cover any reasonable damages at your property. That means you avoid going through yours or Airbnb's liability insurance. For your average property you don't want to set your security deposit less than $150 to $200. [2023] - Symon He

Interest earned on bank deposits, GICs, bonds, and other 'fixed income' investments is taxable when earned, at your full marginal tax rate. The same goes for dividends received from non-Canadian stocks. Generally speaking, Canadian stock dividends are taxed less severely than interest income. Dividends are taxed when earned, even if you reinvest those dividends. Capital gains are generally taxable at just half your normal rate. Any capital gains tax is payable only when the investment is actually sold. An investment can increase in market value at a compound rate over time, increasing your wealth along the way, but you trigger no tax until you actually sell. [2018] - Larry Bates

Many investors have had the experience of being turned down by a banker at one branch, only to get a mortgage at another branch of the same bank. The relationship you create with a person counts for a lot more than most of us realize. Choose a banker who's very experienced in residential real estate investing. [2009] - Don R. Campbell