"How to Get Rich in Canada after You Arrive": Man Based Abroad Shares Vital Information Freely
- A Canada-based man has exposed the two exciting ways to make wealth in the North American country
- While many like to send money back to their country of origin to build houses, the man advised against doing such
- He said the first step is to start saving the money in Canada instead and explained how to acquire properties profitably
A resident of New Brunswick has shared how migrants can make massive amounts of money in Canada.
In an over 9-minute video on TikTok, the Nigerian advised against sending money home to build houses.
Source: TikTok
How to get rich in Canada
He said the first step is to start saving money so one can buy land or lands, adding that there are areas they can be acquired cheaper.
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Afterwards, he said one needs to build his or her credit score. He explained that with a high credit score, one can approach banks or private lenders for construction loans to aid in building a house on the acquired land.
"It can be your dream house or a house that you want to rent out," he said.
The Nigerian man continued that the built house is evaluated after a year to ascertain its appreciated value. When it has been confirmed it appreciated, he said one can approach a bank to get the monetary value of the house appreciation.
He added that the money realised from the bank can be invested into another property. According to him, the lending rate is cheap and the tax is minimal for first-time house owners.
Another way to make wealth in Canada
The man said another way to get rich in Canada is by acquiring abandoned houses. He said abandoned houses are usually sold at lower prices.
When one acquires such houses, he said they should be renovated and then their new, appreciated value ascertained by a surveyor.
Once this is done, he said one can again go to a ban to get the monetary value it appreciated to.
Watch the video below:
People commended him
halabitimoty said:
"I always love your video, informative and helpful content."
lemmefamous said:
"God bless you for all information you give to us."
oluwaseunakanbi84 said:
"Thank you for your honest advice it's people lyk u we want to enlighten us."
ClassiqCee said:
"Lolz the plan is US tho. Canada is the route."
Fashion Diva said:
"Thanks so much bro Your contents is so helpful. God bless you."
Vangreatness said:
"Thank you for always sharing helpful information sir."
Businesswoman offers to sponsor Nigerians to Canada for free
Meanwhile, Legit.ng previously reported that a businesswoman had expressed readiness to relocate Nigerians to Canada but gave a condition.
In a viral TikTok video, Grace said the offer is for those who want to migrate and work in the North American country but lack the financial muscles.
She said the interested person must provide a family member as a guarantor before they sign the contract.
Grace reiterated that the whole processing would be done with her money and the person would not be required to pay a dime until it is successful.
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Source: Legit.ng
