All Forum Posts by: Aaron K.

Finding a partner who is willing to invest with someone without money or experience is going to be difficult, but you need to offer something of value otherwise people would do the deal on their own.  You might have to be able to do a lot of repairs yourself for free in exchange for a portion of profit.  Or possibly find off market properties that the investors with money haven't already found.

It really is only beneficial if the rehab/ improvements that you do to your primary residence increase the appraised value by more than you spent on the improvements.  Otherwise you will have a difficult time refinancing for much more than the principal you have paid down in mortgage payments.

Make sure that you follow the law and get certification from their medical provider, however if the animal is legitimately certified you cannot discriminate against the tenant even if you have a no pet policy, otherwise it would be a violation of ADA (Americans with Disabilities Act).

Linda is correct that the only way to avoid the 20% down is to make it your primary residence, however on occasion you can find a lender that will allow you to purchase with 15% down but that is rare and your credit must be excellent.

Unless you have signed a listing agreement with the property management company you are free to contact other agents in the area and see if they would be willing to sell your property.

@Youdo Thirakul I agree with Andrew Johnson it seems like they are trying to sell you something they are not getting an annual ROI of 200%+ with buy and hold and probably not with flipping either unless they have been extremely lucky (meaning they probably can't do it again).

I am highly doubtful of numbers like that unless they are only wholesaling.  What are they claiming to invest in flips? buy and hold?

Also unless you plan on living in the property you will likely not be able to put only 3.5% down you will be looking at closer to 20% down for a strictly investment property.

I would say that your insurance cost estimate is a little high based on single family rentals because you are insuring only the house and not the stuff inside the house I usually estimate insurance at $500-$600 per year unless the property is in a high fire danger area.

Not sure about Canada, but in the states the small business administration will offer free classes from time to time regarding the use of Quickbooks.  Maybe you have something similar in your community?