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All Forum Posts by: Brent Hannam

Brent Hannam has started 1 posts and replied 3 times.

Post: Where to start with buying my first rental?

Brent HannamPosted
  • Specialist
  • Mississauga, ON
  • Posts 3
  • Votes 0

@Jaeseok An thank you for your reply, appreciate the input. Gives me something to look into.

Post: Where to start with buying my first rental?

Brent HannamPosted
  • Specialist
  • Mississauga, ON
  • Posts 3
  • Votes 0

@Anthony Simboli hello, my goal is to stop traveling for work and being away from home for 21 days at a time, Im basically home 6 months of the year.

I'm unsure about a rental versus Air BnB because, for example..a rental on my street, owned by a friend was nothing but a nightmare for him.

Long story short...Original renter moved out, but had let a friend stay.

2 years later, house is a ruin, the group of people who took over the home have finally been forced out after not paying rent for those 2 years and my friend is mentally drained.

But... and AirBnB on my street does very well, is occupied near nightly and they haven't had any issues..knock on wood.

Post: Where to start with buying my first rental?

Brent HannamPosted
  • Specialist
  • Mississauga, ON
  • Posts 3
  • Votes 0

Hello all, I would like to purchase my first rental or AirBnB. I own my home, mortgage free, its value is 1 mill. I work in the Oil and Gas sector with a wage of 220k CAD per year.

Whats the best way to start on this journey?

Thanks for your time.