All Forum Posts by: Steven Silman

Adding to what others have said, it's important to see the actual rental agreements, at least during the due diligence period. If the deal is absolutely amazing (the income from the 1 or 2 units that don't have rental agreements don't kill the deal - it's still a great deal without that income) then consider going forward but be aware that your bank/lending institution may not include that income for purposes of financing.

@Spencer Cornelia I took a look at the two pieces, good for you for writing about it so honestly. Steady effort in the direction you want to go will get you there over time. As long as you have a good attitude - as you clearly do - and a willingness to learn and make adjustments, getting ahead is inevitable. 

@Spencer Cornelia sounds good! Sorry to hear about the first two flips - what happened with them? Drag about being furloughed too, hopefully you're back to work soon!

Hi @Spencer Cornelia - old thread but wanted to see if you have an update. I did a house hack years ago in Vancouver with a main floor 2 bedroom, upstairs 2 bedroom, and I added a downstairs 1 bedroom. Probably the 2nd or 3rd best deal I ever did, almost doubled in value in a year! I was wondering how things turned out with your financing efforts, given the current situation.