All Forum Posts by: Sam Hanaa

I think Wholesaling doesn't work when there is high demand on houses like GTA, as there is always line of buyers even for the worst properties. Like soneone mentioned up, US realestate market opportunities might not apply to Canadian market especially GTA 

Good luck for you . 

 Great details , thank you 

 I have business line of credit , but the interest rate is too high to think in any passive (or semi passive ) investment that I can use that funds for. 

... non owner occupied house ?

I keep reading American investors of how they got rental investment for very little down payment , can we do that in Canada ?

I asked two banks and both said 20 percent is a must

@Jonathan Ho

Make the math and see howmuch will be the profits after you sell it subtracting all the losses you have in the years of holding and see if it worth keeping the property.

In general , most properties trun to positive cacheflow due to inflation , but with this High home prices it might takes years before you turn to positive CF

From what I heard there will be a light recession , as the amount of data available making the government more able to change the directions of the market before it go in the wrong way.

@Chuck Emhoff

Clean kitchen vent filter

I am looking into that area too , the downside is the growth rate is very slow there for old houses, and usually your big money coming by appreciation of the real-estate more than from cache-flow . 

It is still good investment , but dont count a lot on growth if you buy old house.

 Hi Jay 

I did some simple calculation here , and sound like first year will be in negative cache flow , I think the deal will be good if the house can be obtained for 500K ,

You might need a good inspector to give you report about all the house issues . also a contractor to give you estimation of how much money and work needed to make it rent-able, remember if you want a good family to rent your home , you need to have a neat kitchen and rooms. 

old houses can have higher bills, leaks under ground , tree roots pushing the structure of the house from underground , beside like you said , out of date building codes that any simple fix might require re working all the house.