All Forum Posts by: Yuri Shamsin

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Hello everyone,

what do you think of this property?

I actually bought it in 2019, now its realistic selling price is $500K.

What should I do with it?

Thank you

Thank you Tim for your quick response. I am not going to wait. Selling ASAP

Hello,

I am a newbie on BP since yesterday :)

This is my FIRST use of the Rental Property calculator.

And THIS is the analysis of my current house I bought in 2019 hoping to keep it to rent out after a year (I pay 5% DP).

These are very disturbing numbers... Is there ANY reason that I should keep it???

Or just sell it as a failure and focus on the next deal, Rental or BRRRR?

I appreciate your input!

Thank you

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*This link comes directly from our calculators, based on information input by the member who posted.

Thank you Ash!

I feel like I just discovered a whole new planet of like-minded people!

Hello everyone, my name is Yuri Shamsin. I live in Burnaby, BC, Canada.

I want to be a rental property investor. 

In 2015 I've bought a condo in a Burnaby high rise building with 5% downpayment, lived in it 4 years and rented it out. I have a best Property Manager taking care of it

Now, almost 2 years, I live with family in a townhouse also bought with 5% downpayment. 

I want to buy my next property!

I still have debt 30K on LOC and a car loan.

I also have a good income. 170K per year.

I discovered BiggerPockets YouTube podcasts a week ago and watch them all the time since

I want to have a portfolio of multi family properties and have at least $5000 of passive I come monthly!

This is my story.