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18 February 2025 | 4 replies
You will likely need financing to scale (especially to scale quickly), and investment property mortgage will not be cheap or even available with poor credit.
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25 February 2025 | 7 replies
A qualified CFP or CPA should be able to pay for themselves and I'm glad you're starting to think about this as an investment rather than an expense.
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15 January 2025 | 10 replies
Starting to look at possibly investing there.Great, but also expensive and competitive.
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20 February 2025 | 1 reply
A strong deal presentation will help attract serious partners for this and future investments!
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14 January 2025 | 5 replies
Quote from @Miguel Garcia: If I look into investing out of state should I look to get pre approved by a lender in that area or would a lender in my area be fine?
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13 February 2025 | 1 reply
Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.
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12 February 2025 | 16 replies
@Zack Whiting - You are in a top tier market for investment properties!
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16 February 2025 | 1 reply
But then, something incredible happened—his business started thriving.With fewer daily distractions, Michael had time to find new investment deals, build relationships with private lenders, and even take a vacation.His portfolio doubled in size within two years.And for the first time in a decade, he wasn’t stressed.The Lesson: Let Go to GrowMichael realized the secret of successful investors: You don’t build wealth by working harder—you build wealth by working smarter.By letting go, he gained more than just free time—he gained a scalable, sustainable business that could grow without burning him out.Are You Like Michael?
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25 February 2025 | 4 replies
Most Canadians investing countryside seem to be moving their money into properties in MB, SK, or AB due to affordability and in AB's case the more landlord friendly laws.
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9 February 2025 | 4 replies
If house hacking isn't the best option for me, how would you recommend starting out to build up some investments.