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11 November 2024 | 16 replies
Quote from @Grayson Grzybowski: @Crystal SmithThank you for taking the time to provide your insight on the questions I have asked.For your introductory statement, I understand this is how debt should be used. 1) I have already went out of my way to ask for as high of a limit as I can just to have it on stand by. 2) I am trying to build value into our home to increase the equity faster so I can utilize it as leverage in time. 3) I have already reached out to a lot of different investors and have their terms & conditions at hand.
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11 November 2024 | 20 replies
I don't know enough to bet on a particular block when looking at deals, so if that is the situation I may need to look elsewhere.
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7 November 2024 | 12 replies
Also, you can ask your existing lenders to increase your credit limit-- usually they'll ask for your income and you can include your rental income.
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9 November 2024 | 23 replies
Though I know it's possible for rent and prices to go down, I'm willing to bet this city is here to stay.
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11 November 2024 | 19 replies
I couldn't figure out any way to give someone a login that only had limited access.
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6 November 2024 | 4 replies
If you want to be able to fly out, Calgary or Edmonton are your best bet.
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15 November 2024 | 17 replies
Quote from @Basit Siddiqi: Quote from @Michael Plaks: @Jamie ParkerDrop trying to "think like a businessman", "reinvest in your business", "level up" etc - the fewer empty words you pollute your brain with, the clearer is your thinkingSolid advice - I think a lot of people try to make investing more complicated than it needs to be with uncessary jargon.Examine how you acquired property #1 and property #2See if there is anything that you can do to acquire more properties faster.I will hold to the 50K or more ideal, but I have some considerations to be made for limiting income under a particular amount.
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6 November 2024 | 6 replies
I would say your best bets is a gym as a tenant amenity or a community room that tenants can rent for family functions, parties, etc.