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7 November 2024 | 12 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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12 November 2024 | 18 replies
Given the relatively high nature of rates still you might find more flexible sellers that will let you buy into better cash flow than that adustable re-set.
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7 November 2024 | 2 replies
I've had success with 2 short-term rentals, and wanted one more in relative close range to work and life.
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5 November 2024 | 5 replies
Mainly because so many of us on this website are significantly younger than retirement age.
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7 November 2024 | 12 replies
Usually, this would be in the form of a rent roll and contains everything related to your property related to vacancy, rent collected, expenses, fees, etc.
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7 November 2024 | 27 replies
I recommend you confirm that with someone else other than your agent.Food for thought…Insurance related: I’m currently replacing a roof on a house I own, not because the roof is “bad” but because it isn’t possible for the next buyer to get insurance with such an old roof (barrel tile, which lasts longer than the 30 years that insurance companies require).
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9 November 2024 | 23 replies
How do I educate and reach the young(ish) professionals on the value proposition of these kind of "starter homes" to build equity, learn property management and save a ton of money relative to single unit purchases?
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7 November 2024 | 9 replies
I live in Brampton ON and am relatively new to Real-Estate but willing to work hard, so looking to connect with Greater Toronto Area (GTA) specific meet-up groups and learning material to take my passion in real-estate further.
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7 November 2024 | 9 replies
From what I see on the market, houses are cheaper than most areas in the GTA while rent is still relatively high.Especially if you can find a SFR and convert the basement into a secondary suite, will definitely cashflow positive.
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11 November 2024 | 16 replies
@JD Martin the biggest issues have been related to furnaces, hot water, a missed clean, and broken hot tub. generous refunds have ranged from 25-100%, it really just depends on variables like nightly rate, guest demeanor, impact on their stay, etc.