All Forum Posts by: Ockert Kruger

the idea behind 'house hacking' is you move into the house/mfh in order to get a better interest rate, but when you move to the next place won't the bank change your mortgage to an investment property after 5 years when you need to reapply? or does this assume you take a fixed mortgage for 25 years - although I've seen experienced people say that variable interest usually saves you more than fixed.

Hi Erika

Did you find any cashflow positive properties in BC? What kind of CoC returns are you getting? I'm really struggling to find decent CoC in Alberta (8%) even with small MFU.

i have this exact same problem, except its not -55% CoC but 0.5% and I'm not in a big city or an area that grows much in value, most properties just retain value they hardly appreciate here. I've reached out to realtors and asked them straight up, why do people buy at these prices, am I missing something? This doesn't make any sense. I've attached my numbers - I've made a very thorough calculator on excel. I've even reached out to owners who were doing private sales (only 1 that I've found in a year), I showed her the numbers and she wasn;t interested. I'm being pessimistic and I know you have to work at it to find a great deal, but I'm also witnessing small multi fams being sold at prices which hardly give any return, which confuses me a lot. I'm sorry I'm not able to add any value to this thread, just wanted to let you know that I've been wondering the exact same thing.