All Forum Posts by: Chanelle Dupre

I'm wondering what financial metrics are important for landlords? Most landlords like to know the equity building on their property. After all, buy and rent out properties as part of their long term strategy. But there are others with no real intention to expand their portfolio and are satisfied with managing their property. 

For the two types of landlords:

1) those looking to purchase more properties - what financial metrics would you use to assess your affordability ?

2) those happy managing their property with no intention to buy more - what financial metrics matter to you most? 

Thanks.

Thank you Joel. I appreciate your help with the front end part of the deal. I've heard that financing in the US as a Canadian is tricky. Friends or colleagues who have invested have had to pay cash or put a significant amount of downpayment. 

I will explore the banking options who mentioned with RBC and TD Bank. 

Your question to me: Am I  interested in partnering? Yes, I am and I'm wondering if this would be a better route for me to get in the market for multi-family or commercial. 

Any really good resources you can recommend for me to read regarding this topic, I would appreciate it. 

Sounds like one of the cons of continuing to invest in single dwelling on my own is the downpayment, the personal financial risk and the difficulty with getting financing through the bank? Could these be alleviated by using my smaller downpayment to get into a partnership? I know the downpayment and investment amount depends on the value of the property. 

Are there calculators you can recommend for me to use to estimate what I can afford and the downpayment I would need to have? Thanks.

Has anyone written pros and cons to investing in single dwelling vs commercial vs multi-family units? I'm trying to decide when and if I should consider investing into commercial and / or multi-family units. Currently I have invested only in single dwelling units - all strata units that have performed very well.

Advice on how I can measure or gauge whether this is the right investment opportunity for me?