All Forum Posts by: Ryan Dukelow

@Ali Boone Thanks so much! I was looking for a "this is what I do" example! Now I can relate my properties and numbers to that article! Much appreciated!

@Roy N. @Bryan N. 

Yeah I agree with that as well. I've been on the fence about it.. To go with what Roy said, I don't think my first investment property will do well enough to make up to holding on the the student loan.. I hate passing up on opportunities, I've built myself a history of regretting on taking action, but I know in this case many of other opportunities will come around again, possibly bigger and better

@Bryan N. Thanks Bryan, much appreciated!

Kind of off-topic but I want to throw another question out there! I have about 6k in student debt, I've already payed off 2/3's of it, 6k is remaining. (I'm only 20) I was wondering if I should pay that off or continue pursuing a house with my down payment? The interest on the loan isn't a lot so I'm not too concerned about it. Just wanted to get other input

@Bryan N. @Account Closed Thank you guys all so much from the input, you have no idea how much I appreciate it! I started working numbers with what's been said and I can tell it's going to be hard to find a good cash flowing single family home..

So I'm ready to buy my first SFH rental, but I'm struggling with a few things. I want to know what expenses I MUST account for when calculating rental income minus expenses. (Tax, Insurance, etc.) Also, how do I know what some of those numbers will be? I have a property I've been looking at and I know that tax on it was 2,000$ last year.. what else do I need?

I'm excited to here back from you all at BP, keep in mind I've done a lot of reading and homework, but I'm kind of freezing when it is starting to become real. I want to keep my drive going, which is why I decided to ask for help!

After some time being here on BP and reading non-stop, I've made the decision to go with a rental approach vs a flippers approach. It took some time for me to decided that but until I really get my feet wet, I'm going to hold off on looking for a flip. 

I'm at the point where I'm looking at numbers on rentals, mortgage payments, utilities, tax, insurance and rental income. What are some "specifics" I should consider. Is there any good formula for calculating my cash flow to justify if the house is worth it?

I'm currently looking at SFH and Duplex's.

Any information helps and I look forward to hearing from some experienced people!

Keep in mind, I'm 20 years old and I am fully aware that I have a lot to learn! With that being said I'm all ears and would love any input!

Hello BP, 

My name is Ryan Dukelow, I'm a whopping 20 years old and I have been addicted to the of real estate investing ever since the idea crossed my mind. I work as a heavy equipment operator for a sewer and water main company in downtown Toronto, but I have the ambition to do more than just work for someone else every day. 

I came to BP because I have been doing a lot of reading recently ( Books, blogs etc.) and I want to further my education. I thought what better way then the chance to talk to people with experience. I have been looking at student rentals, single and multi-family homes and condo rentals, where I can flip or buy and hold. I understand that it is a very big range, but I want to remain open to any niche until I find the right deal.

I look forward to meeting some people!

Ryan