New member North of the border in Montreal Canada

[Jeffrey Levi]

Happy to join the BP family as a member finally. I have been involved and attached to real estate for the past decade purely in a spectator way for the past decade. After a few successes in business and a kind uncle's inheritance, I have finally reached a point in my life where I am ready to go deeper in to REI.

Currently own a condo in Montreal with a market value of 280K with a 115K mortage on my personal name. In addition, I have been lucky enough to find a cheap lease in downtown Montreal on Peel (high traffic/tourist area) where I paid off the tenant (14 year lease rent controlled). With a 12K investment, I currently return 4-6K monthly in short term rentals and, after cleanings and expenses, make roughly anywhere from 1500-3K monthly. 

Recently, had an uncle pass away leaving me around 200K cash in addition to 1/3rd of a home in a great location (triplex) with a market value around. Hoping to decide whether I should elect with the 2 others to sell the home or should I keep it in a family trust and collect monthly rent (house is in great shape and is rented at 3700 monthly with 7.5K annual tax bill) or offer to purchase the property from the 2 other family members. 

I hope that's enough info to help people get an idea of the cards I am working with. Definitely interested in leveraging what I have in other to achiever my plans for long term real estate investment success. 

You should all be proud of contributing to such an amazing community!