ZTWsquared,Apr 24 2007, 10:25 AM Wrote:A second property is a good thing to consider as in investment, especially if you can avoid the tax implications of it not being your primary residence.
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Yup, that WAS the plan. Since that is no longer the case I revert to getting the current house paid off faster which is easier to do and justify since RRSP's are maxed and no room left there.
Here we go on another personal finance thread, it's been a surprisingly long time since we had one and goodness knows I love them.
EDIT: As well you don't need 10% down that is just my comfort threshold, you can with 5% these days.
2001 Focus ZTS 2004 WRX
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"I'm just here for the camping"
http://www.facebook.com/profile.php?id=687620231
TEAM P.I.T.A. FTW!