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27 January 2025 | 29 replies
I personally concur .. they charge 6k to join the club they bring in folks who have no experience and set them lose.. with so called training..
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17 January 2025 | 9 replies
I used to live in the lower mainland but invested where the numbers work like Vancouver Island or Northern BC.
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15 January 2025 | 10 replies
If your current lender is open to restructuring, you could negotiate better terms (lower rate or extended term).
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22 January 2025 | 12 replies
As for by-the-room rentals, many lenders won't allow that and if they do, they qualify you off of the long term market rents (which, as I'm sure you can imagine, would be considerably lower than the actual per-room rents).
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27 January 2025 | 48 replies
The more hands off you get, the lower the returns.
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14 January 2025 | 7 replies
Most renters cannot (or will not) take proper care of a pool.So...if you decide to go for a pool property, make sure you have it maintained...and charge it to the tenant.
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17 January 2025 | 12 replies
So when I get multiple bids and one is significantly lower, I don't think of them as a deal.
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14 January 2025 | 4 replies
Also make sure to build on a property located in a desirable location with larger pop density and if holding for rentals, charge median rent for that market as lenders want to see a bigger pool of buyers/renters available to occupy/sell.
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12 February 2025 | 27 replies
Their main sales pitch is that they will teach you how to make more money by charging your investors double the industry average acquisition fee.
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20 January 2025 | 11 replies
For the lower value properties they generally create less tax savings and it may not be worth it.