All Forum Posts by: Maksu Ize

Get 30-60k capital.

Get approved by a bank for 150-300k purchase in inland Canadian cities.

Pick a few random 100-300k population cities to research rents and purchase prices.

Spend a few months studying real estate and your picked markets.

Find a property for the 1% rule as a quick guide.

Buy the property, rent it out.

Repeat every x years for a stable portfolio increase.

Vancouver is a cashflow negative market, but very high appreciation.

Inland cities are cashflow positive, but low, negative or flat appreciation.

Goodluck

Ella does not manage 17 properties. You were taken for a ride.

You have higher odds of losing money, than making money.

Bigger pockets is full of "success stories" that leave out all the fine print, details, and losses.

Then there's all the "failed stories" that never get posted.

With all of that said, if you can do enough research, do the math, get the funds, and take the risks involved, you can for sure make money at your age.

Just remember there's thousands of people out there, trying to do exactly what you are doing, except they have 5, 10, 20, 30 years of experience doing so. You need to be one step higher than all of these people to make that cash money.

Yes.

Step one, contact your bank and get pre qualified for your loans. You haven't even scratched the surface of research.

Step two, wait for a year or two until interest rates peak, buying right now would be a very poor decision

Can't stay because it's 65 degrees for a few days?

If the tenant does not have enough brains to put on a jacket, communicate, and work with you, get rid of the tenant.

This person has wasted enough of your time, get them out

Negative cash flow on all of my properties has earned me 200 fold what a cashflowing property would have

Ask this question again in 2 years when there is a recession and prices are at 60% of today

As Bognadoff would say "dump eet"

Property is overpriced

Where's the slam dunk

I see a duplex for 400k, with no numbers