The hosts, Jess and Colleen, of TGIF Two Girls Investing Friday discuss actionable ways to start investing in real estate, focusing first on house hacking—buying a primary residence (including duplexes, triplexes, or suites) and renting part of it to help cover the mortgage—highlighting access to lower down payments (5% up to $500,000 and 10% up to $1,000,000), lower interest rates, and the rule to live in the home for a year. They share alternative strategies for saving a down payment, like house sitting or living with family, and cover renovations as “sweat equity.” They compare primary residences versus rentals, explaining capital gains tax on rental property sales, rules discouraging quick flips, and how taxes apply when a property is partly rented over time. They also discuss short-term rental restrictions in Whitehorse and using RRSP contributions and write-offs to reduce taxable rental income.

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00:00 Welcome to TGIF

00:34 Real Estate Game Plan

00:58 House Hacking Basics

04:41 Saving for a Down Payment

06:47 Renovate and Flip Lessons

09:22 Rentals and Capital Gains

12:34 Airbnb Rules and Balance

15:36 Rental Income Tax Strategy

18:06 Wrap Up and Next Episode