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16 October 2024 | 22 replies
Housing prices in two of our larger cities (Vancouver and Toronto) are also crazy high (eg $1M to buy a starter home)...actually in Vancouver proper at the moment the cheapest home (single family, not strata) is $1.2M...surprisingly (to me) in Toronto the cheapest home on the market is $650K (ignoring some listed for $1 as clearly there is a catch).Our mortgages work differently than in the US, and what we get for rates are only locked in for 1-5 years (typically) and then we have to renew at whatever the current rates are.
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16 October 2024 | 32 replies
Screen tenants properly or pay a good PM to do it for you3.
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11 October 2024 | 7 replies
The Front Range market has a very pronounced seasonality to it: March-June is "selling season" when the bulk of the listings hit the market and all of the retail buyers are out hunting.
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12 October 2024 | 2 replies
They should be doing a load calculation, taking into account insulation and window type if I'm recalling how it works properly.
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21 October 2024 | 176 replies
The people who properly saw the benefits of RE, low rates and took a risk on those beliefs benefitted as should have happened.
18 October 2024 | 34 replies
the reality is you have negative cash flow when properly estimating the expenses on the 3 rentals (no way 3 rentals have $1300/month maintenance/cap ex, pm, vacancy, and misc total (basically $433 per property).
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12 October 2024 | 3 replies
I also reached out to Proper Insurance, but they informed me that they can't offer their standard policy due to the elevated fire risk at my property.
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12 October 2024 | 54 replies
The mindful approach to real estate investing, off-market acquisition strategies and dialogues, asset hunting, flipping on a small scale, negotiating🙌 What are you most looking to get out of BPCON 2024I was on a panel at BPCON23 with Devon, Leka, Anson, and Henry, but this year I am just in the crowd and always looking to make deeper connections, especially with all of the attendees who I have had on my podcast over 170 episodes🤝 Fill in the blank: If I could make a great connection with someone who is an expert in _________ at BPCON2024 then I would leave BPCON happyI am getting back into the STR game and have been investing in syndications over the past year, so both of those tracks are in focus for meSee you there!
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11 October 2024 | 2 replies
underwrite the loans properly
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12 October 2024 | 1 reply
You can't do proper ARV without MLS access.