All Forum Posts by: Maksu Ize

Everyone here balling hard

Meanwhile im just trying to pay off my heloc, so i can go for property #3

The RE market, has been in a "peak" since 1980

Wait another 10 years, see where you end up

There are none.

As an hvac contractor, this is very simple.

You buy it, you warranty it when it breaks.

I buy it, i warranty it when it breaks.

@Michael Icban

Adding a question might help this thread.....

Buy yesterday.

@Eric James

Thanks to useless comments like yours

A heloc downpayment, is a borrowed money downpayment.

This is how i purchased my 2nd property with "0%" down from actual money in my bank, but "20%" down from the heloc.

Go to your bank, get your property appraised, get the heloc.

Once your ready to buy your next property, the heloc is there and ready to be pulled.

Keep in mind, for every thousand you have available in heloc, thats a thousand less availabile to you on your mortgage. Because the bank sees that heloc as an active loan, regardless if your using it or not.

@Caleb Reits

I have two condos, not SFH, so there is literally no maintenance from my end.

Tenant turn over, 2 hours for viewings

Tenant signing, handing over keys, showing the unit, questions, etc, 3 hours

Clogged toilet, 3 hours DIY with an auger

They pay with E transfer, 0 time involved.

They had a complaint about wasps on the patio over summer, 2 emails to strata, 1hr.

Im at 9hrs as an over estimate for the unit.

Paying someone 5-10% would be ******* crazy for that. At 2000$/rent/mo per unit, thats 1200-2400$ for 9 hours of work over the year.

Thanks alot!