Flipping homes in British Columbia can be a lucrative venture. But with rising costs, market fluctuations, and strict taxation rules, is it still worth it? In this episode, we break down the realities of quickly reselling real estate in BC, the taxes that can eat into your profits, and whether investors can still make money in today’s market.
James and Denny share their personal experiences flipping homes and discuss their insights into the current market.
This episode will focus on the the Lower Mainland market, flipping taxes and how they work, expensive materials and labour making things hard, relying on market gains, double dipping on GST on new builds, struggling developers, and future predictions.
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