Sylvia Ho is joined by tax planner Lisa Ryckman of Plan With Pathway to talk about income taxes for landlords. Lisa details the top three mistakes landlords make when filing their taxes and explains why those mistakes can be costly. The three mistakes are 1) not tracking expenses properly, 2) not recording all deductions, and 3) not tracking mileage. Sylvia and Lisa discuss each of these mistakes in depth so landlords can understand exactly how much money they are potentially leaving on the table by making these mistakes. Lisa helps clients through these roadblocks every day and can walk anyon ..read more

Sylvia Ho is joined by property manager Sean from the east end of Toronto. Sean talks about how the power of equity from properties he owns has funded some wonderful things in his life. He has valuable advice about what to look for when buying new construction properties and why equity has changed his life.  Sean and Sylvia talk about Sylvia’s recent flood issue in one of her properties and Sean then explains some very important things to look for in investment properties, especially when buying new construction projects. Everything from where the main hot water pipes are located in the b ..read more

Sylvia Ho welcomes real estate investor Daryll to the show to talk about how his view on debt changed and the one conversation that gave him the confidence to jump into real estate investing. Daryll reveals how he started his property owning journey and how he views debt now. Daryll and his wife were, in his words, very conservative about debt initially and didn’t want to take on more. But a conversation with his acupuncturist changed the course of his life and led to he and his wife buying their first properties. He now understands debt differently and sees how it can be put to use for future ..read more

Sylvia Ho talks to two J.O.M.P. clients about managing their out of town properties in today’s episode. The first are Gem and Drex, who purchased in Kingston. The second is Mick, who purchased in Peterborough. Each of them has a different way of managing their property, and they each share their experiences and why their chosen strategy works for them. Drex and Gem searched Toronto properties before realizing they were priced out of Toronto. So they bought their first investment property in Kingston because that was Drex’s home town and he knew the city well. They use a property management com ..read more

Sylvia Ho talks to Ben Corriveau, a financial planner and insurance agent, and Derrick Ang, a Family Law lawyer, on how to be on the defense about the wealth you gain through the J.O.M.P. program. Now that you have assets in place, how do you protect them upon your death or when your children live with partners in your properties? Ben Corriveau discusses how to avoid large tax bills landing on your beneficiaries after your death. His advice centers around life insurance. People often think they don’t need it, but Ben says it will add liquidity and 99% of the time you will want it. Get it young ..read more

Sylvia Ho talks with Filomena who, along with her husband, is utilizing the J.O.M.P program to finance the purchase of a rental property and future retirement home in Florida. Filomena shares how the challenges she initially expected to face were not as difficult as expected with Sylvia’s assistance. Filomena and her husband John have been married for 20 years and have two kids aged almost 14 and 12. After recently paying off the mortgage on their current home in Toronto, they began to wonder how they could tap into the value of that home and grow their assets. Sylvia confirms that the equity ..read more

Sylvia Ho welcomes Armel to the podcast to talk about the purchase of his first investment property and the differences between bad debt and good debt. Armel and his wife are young, motivated, and analytical, and Armel shares how he dove into researching finance and learned to view debt differently ahead of his real estate investment.  Armel shares with Sylvia that a lot of his “why” in terms of the J.O.M.P Program and investment is his family. He and his wife share a very strong set of values and had a lot of conversations about what would be right to propel their young family forward an ..read more

Sylvia Ho talks with Roy and Hayden about purchasing their first investment property and how  they changed their minds about real estate investment. She discusses the opportunity the J.O.M.P Program opened for Roy and Hayden, their motivating desire to ensure secure futures and real estate opportunities for their three children, and invest in a comfortable retirement for themselves. Roy came to Sylvia as the one most reluctant to buy additional properties. He admits he viewed their two existing properties as having a lot tied up in them, hadn’t had the best experiences, and really was of ..read more

Sylvia Ho talks with Mima, a client in the J.O.M.P program who just bought her first rental property. Sylvia and Mima break down the real estate journey Mima has been on with valuable insight. Mima shares the emotions she’s feeling, her process with the real estate agent, and how she selected the neighborhood where she purchased the house. Mima reveals that she came to Sylvia to renew the mortgage on her family’s house but when Sylvia introduced her to the J.O.M.P program, it felt right. She and her husband initially considered purchasing their rental property in Toronto, but after researching ..read more

Sylvia Ho talks with Ali, a business owner in the Toronto area who realized success in investment through the J.O.M.P program. Ali explains how with the advice and guidance of Sylvia, he was able to take out a second mortgage on his condo and buy an investment property to rent out.  Ali shares how he was seeing the equity building up in his condo and came to Sylvia to see if he was eligible for a second mortgage. As a self-employed business owner, many expenses can be deducted on income tax which makes earnings show lower, so he wondered if he was even eligible. Sylvia and the J.O.M.P pro ..read more