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All Forum Posts by: Andrew Wilson

Andrew Wilson has started 1 posts and replied 4 times.

General Landlording & Rental Properties

Post: Buying a buy and hold property

Andrew WilsonPosted
  • Regina, Saskatchewan
  • Posts 4
  • Votes 0

Good point Dawn, Thanks!

0 Votes
General Landlording & Rental Properties

Post: Buying a buy and hold property

Andrew WilsonPosted
  • Regina, Saskatchewan
  • Posts 4
  • Votes 0

Hey Brandon- I wasn't planning on using a property manager, but I think I will do some investigating in that area for a possible property manager. Looks like I would be able to buy the property for $95,000 and rented for $1,100/month. If I am able to find a good manager then I will go ahead with this, because 2 hours is a long drive especially in the winter. I also have my eyes open for properties closer to me that reach the 1% rule. Thank you for the feedback Brandon, really appreciate it. I will get that picture up soon!

0 Votes
General Landlording & Rental Properties

Post: Buying a buy and hold property

Andrew WilsonPosted
  • Regina, Saskatchewan
  • Posts 4
  • Votes 0

Thanks for the feedback Colleen.

0 Votes
General Landlording & Rental Properties

Post: Buying a buy and hold property

Andrew WilsonPosted
  • Regina, Saskatchewan
  • Posts 4
  • Votes 0

Hello,
I am looking into purchasing a property to buy and hold that is a 2 hour drive away from where I live because where I currently live it is very difficult to find a property that reaches the 1% rule for monthly rent being 1% of the purchase price. However the property in this town wil exceed the 1% rule, but it is fairly far away from where I live. Does anyone have any feedback on this? Bad idea to live that far away from your property? Has a similar situation worked for anyone? Any feedback is appreciated. Thanks!

0 Votes