When we were getting our own kitchen remodeled in our house a few months ago, we asked the contractor if he would be able to possibly fix that cupboard door at our rental property.

A three bedroom house for 800/mo is crazy low!

new houses are getting sold for 600K, old houses switched to multiple offer selling model, just like some places in GTA.

I missed a lot of flaws in that house and I had some painful years as a result.  

I personally do not use their maintenance features much bc they’re pretty clunky and honestly don’t make much sense unless you manage an in-house maintenance team.

Option 3: Pay large down-payment on modest rent ready house. 

We currently still have the AK condo rented out and have bought a house in Phoenix that we are currently are fixing up. 

Always use a property manager to keep your real estate investments as passive as possible and keep you compliant with Fair Housing laws.This way you can learn to manage the property manager and learn from experience as you go.If you buy a bunch of properties all at once, they may not all fit your buying criteria, there may be deferred maintenance that needs to be dealt with all at the same time, and you will not have accumulated the management experience building your portfolio one at a time.To Your Success!

Whether you’re considering house hacking, turnkey, or multifamily, there’s so much opportunity to explore.Feel free to reach out if you’d like to connect or bounce around ideas.

My plan is to start house hacking.