All Forum Posts by: Shelley Peever

Hello and thank you so much for taking the time to reply with this fabulous feedback. I am interested in knowing, if you can share your strategy highlights regarding the fact that your properties are all doing well with respect to appreciation rather than cash flow, and I completely agree that travel would be required to pursue cash flow. Do you feel that Ontario Canada has any remaining appeal?  I am from Muskoka, and I have realized some good appreciation there, as well as Victoria BC. Of course, there are properties here that I believe will appreciate further, but buying them when they do not cash flow would be the challenge. Thank you again.

Yes, good idea, much more landlord-friendly for sure - thank you. In BC it is tough to make any numbers work, and the tenancy rules here are just not landlord friendly at all.  Thank you!

Hello everyone - I own a single family home in BC Canada which is currently my principle residence, and I also own a duplex that is a rental property in Ontario Canada.  I would really like to continue to invest, although with the interest rates, the restrictions and prices in Canada it is a challenge.  My question is, how and where do I purchase a second investment property? Do I sell the duplex in order to afford a larger multifamily property? I live in BC and properties here are extremely pricey with good appreciation.  BC and Ontario are the highest rents in the Country here for sure, but it is very challenging to make the numbers work for multifamily investing. When I purchased the full duplex, I inherited one side of the duplex tenants who are paying far below market rent, and new tenants on the other side are paying market rent. My mortgage payments on the duplex increased dramatically over the last year as well, and currently it is appraised at 720K with 4,100/mo rent. It was cash flowing until now when I have to re-finance at higher rate. Ideas welcomed!