The TFSA Multiplier Strategy with Darren Voros

<p>Darren Voros is a real estate investor, real estate coach, partner, contractor, educator, and speaker. </p> <p>In this episode, Darren shows us how to maximize returns on the money inside your TFSA by using it to invest in real estate. Not many know that you can open a self-directed account from your TFSA without facing volumes of document preparation. Darren teaches us a way to avoid these hurdles by suggesting two financial institutions that best handle it. </p> <p>Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): <a href='https://investorattractionworkshop.com/'>https://investorattractionworkshop.com/</a></p> <p>What you’ll learn in just 17 minutes from today’s episode:</p> <ul><li>Learn what a Tax-Free Savings Account (TFSA) Maximizer is all about </li> <li>Find out important facts about TFSA to leverage it </li> <li>Learn how to maximize a return of 20% on your money inside your TFSA </li> </ul> <p>Resources/Links:</p> <ul><li><a href='https://www.darrenvoros.com/'>darrenvoros.com</a> </li> </ul> <p>Topics Covered: </p> <p>01:22 – What is a TFSA maximizer </p> <p>03:42 – TFSA versus RRSP account </p> <p>04:58 – How to invest in real estate through an arm’s length transaction </p> <p>07:29 – What are the limitations of TFSA and what works with it </p> <p>09:17 – Caveat for transferring money from your RRSP to your TFSA </p> <p>09:58 – Darren’s walkthrough on how to get a 20% return on your money within TFSA  </p> <p>20:07 – How to transfer your money from TFSA to a self-directed account with not much hurdle </p> <p>Key Takeaways: </p> <p>“What we want to do is take that money and use it in real estate, we have to do it in a very specific way. And that’s through what we call a self-directed tax-free savings account. And we can only do that with a couple of financial institutions in Canada.”  – Darren Voros </p> <p>“The nice thing about the TFSA is if you withdraw money, like let’s say I just withdrew like $10,000 to renovate my house, I