07.16.2021 | Buying
Buy Your Investment Or Primary Home First?
Join Michael Prior, Real Estate Broker and Founder of The Prior Group, as he talks to you about the ins and outs of buying an investment property or a primary home first, in Toronto’s Real Estate Market. Michael talks about:
✔️ Buying a primary home first is the best choice.
✔️ In doing so, an exemption is not having to pay taxes on the profit.
✔️ A disadvantage of buying an investment first, is paying taxes on the income you get from your tenants from your investment property.
✔️ Ideal situation is to buy your primary home first and have an apartment you can rent out and get some bills paid while doing it.
If you have any questions or are looking into building your investment portfolio through real estate, let us know! We’ll be happy to help you!