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3 October 2024 | 26 replies
Pretty much the only options available are Condos/townhouses or a poor condition single family homes.
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2 October 2024 | 17 replies
With Nomad, you're paying a lot of extra money for a guarantee that is not necessary with skilled and experienced property management combined with masterful recommendations for property condition; i.e. what a property needs in order to be rent-ready to the degree that qualified candidates will be attracted to rent the property.
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30 September 2024 | 10 replies
., 3+1+1 extension structure).Confirm if the deal involves bridge loans or fixed-rate, long-term agency financing.Assess if the extension options are realistic based on the current and projected market conditions.
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1 October 2024 | 14 replies
In the current market conditions getting creative and shifting the thinking on what works is where I'm seeing investors be successful in building portfolios.
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28 September 2024 | 12 replies
You’ll find investors from Toronto, Vancouver, and other major Canadian cities who share their experiences about market conditions and regulations in Canada.For formal groups or chapters, outside of BP, the Canadian Real Estate Association (CREA) and local investment clubs are great places to connect with more like-minded investors.
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1 October 2024 | 15 replies
This is because the purpose of insurance is to restore the property to its pre-damaged condition.
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1 October 2024 | 37 replies
After work, I would go work in the house until ready for showing (houses were in good condition so not full remiss).
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29 September 2024 | 9 replies
I think this might be a low point because the Canadian government is trying to pump the housing market before the election next year by lowering rates, relaxing mortgage insurance conditions etc.
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27 September 2024 | 9 replies
For context, (1) the property was in poor condition when I acquired it, and (2) I’m a passive real estate investor.Here are my expenses:- Travel (~$2,000) and meals during travel ($500)—I understand only 50% of meal costs are deductible.- Gardening maintenance (just to prevent the grass from getting too high, not an improvement).- In-year tax consultation ($300).- Commission to my buyer’s agent ($300).- Insurance premium ($1,000).- Insurance deductible following a claim ($1,000).I believe the property won’t begin to depreciate until it’s in service, which seems to align with how TurboTax is set up.
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28 September 2024 | 2 replies
I think this city is target to that since population will keep coming due to house affordability (getting away from miami) If you're looking for quick flip , you may have to look for a different exit strategy as different houses here has similar condition , you have some competitors .... you can go either with price reduction strategy, partnerships or use creative finance strategyGood luck