Have you ever seen those infomercials about buying houses with "No Money Down?" They are rather well done. They have ground . people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely required out of their jean pocket. You see this guy, standing on a street corner, talking to someone, and he says, "I own that one," pointing to a beautiful colonial. "I also own that one next to it, and the one two doors down, and I am closing on the one directly across the street from it, next week." He then assures us that he has purchased 17 homes in air filter eight or ten months, with zero money documented on the properties. Plus, oftentimes he's also paid no closing costs.
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As a Canadian registrant, one way you might legally avoid this silly March Hare is to explicitly state on objective and invoice that associated with such intangible personal property in Canada is prohibited (or requires an additional fee and also the payment of G.S.T.).
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It didn't take miss me to be able to that obvious no approach to make cash in real property. Consequently, I completely got rid of these houses as fast as I could truthfully. There were plenty of buyers, ready to take over my headaches, because they had the ability to make it work, they reckoned.
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