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Updated almost 4 years ago,

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Johnny Franco
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3
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Help! I can't find rental property with positive cash flow

Johnny Franco
Posted

Hello All,

I'm looking to buying my first rental property in the Montréal canada region, but I'm unable to find any that generate a monthly cash flow.  Im going with 20% down and 20 year mortgage.  All the numbers from a recent case can be found on this on this online calculator (link below)

can anyone shed some light on what I'm doing wrong?

house value 680 000$

monthly rent 2833$

20% down on 20 year  mortgage 

more info on the link below

Thank you! 

Johnny 

https://www.calculator.net/ren...

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