All Forum Posts by: Lynne Jacob

One downside I've heard about Sec 8s is this yearly inspection.  During the year the tenants can take such poor care about the sorts of things that you will then need to repair year after year.  One of my colleagues simply won't rent to Sec 8s anymore for this reason of most of his profit being eaten up at the yearly inspection time.

My pleasure, @Joey English.  Ya. Imagine the cop's thoughts as he, facing backwards, was watching the plough coming straight at him.

Laughter's the best medicine.  There was one version narrated by an Aussie.  It was hilarious! 

Simply my own opinion, and what I'd do in your situation:

Because your goal is to have multiple homes paying for themselves (my paraphrasing), I'd start buying close to where you live.  

There's at least a "small" emotional tie to the beach home ... and it's a distance away ... and I know it would be cheaper for you to rent for a week every 6 weeks than it would be to try to turn the rentals of your lovely (investment) beach-house into a pretzel to make it work on both sides of the ledger sheet.  

I'd accumulate a couple/few good solid rentals CLOSE-BY because if you're the property manager you'll need to be around (and would you be hiring a property manager for the beach-house?  I'd say renting it with a 4-hour drive as well as to see what the problem is and solve it will get old fast).

Then, after you've got some cash go for the trickier one ... or not.  I happen to own 2 condos on the ocean in a luxury condo building.  I have to book my 2 weeks in the summer in January or February ... or sometimes I'll choose from what's available if I leave it until March or April.  And I can't help but think of the income I'm not receiving because I'm staying there for 2 weeks. ;-)

Oh, no. Not only in Ga, @Joey English, can we go from snow to shorts-wearing weather in a week's time.  ha ha ha

But you do write well.  Great images, too.  Similar to the white car on the black ice, you might want to check out what happened in Montreal with our first snow this winter.  Hilarious for some of us, but not for many involved, I imagine. :-)

http://www.bing.com/videos/search?q=video+of+montreal+2016+pile+up&view=detail&mid=9E3D0B0AB8CF6E55812A9E3D0B0AB8CF6E55812A&FORM=VIRE 

Does, too.  Thanks so much, @Shaun Weekes.

Absolutely, @Frederick S.  Received your phone message but it's a little too late to call just now.  I'll be in touch soon.

GREAT news, @Shaun Weekes! Can you lend to Foreign Nationals in all states? Or in which ones in particular?

Hey, guys!! @Devin MacTavish ... I live in Beaubassin, E of Shediac.  @Frederick S., I spend a considerable amount of time in Montreal. Would love to eventually meet in person.

Hey, @Nes Canada and @Cassidy Logsdon.  Nice to meet you, too.

@Dan Falla, I especially like "rent-to-own"s.  Do you know a Robert in Montreal who also works with Rent-to-Owns? Might he be on your team (more or less)?

WOW! And then I saw that was only Page 3. :-)  Nice to see the names of familiar places to me.

Are you someone who bird-dogs for us out-of-town investors?

Or do you know some or someone who are/is?

Would love to be connected.

Thanks so much.

Hi, @Foma Okosi and

@Gregory Mitchell

Nice to meet you both.  I'm a Canadian, but branching out to the U.S., starting in the Atlanta area.

Nice to meet you.

Wishing all of us GREAT FUN and success.

Lynne