as in, i have $25K. 

I'm really happy you jumped in.. is there a particular formula you rely on to gauge a property's viability?

Hi @Christina Chatzoglou house hacking is what I specialize in.  I

Quote from @Mary Jay: Quote from @Owen Rosen: Quote from @Mary Jay: Hi guys,1) So I have an insurance broker and it seems like the properties I have with him keeps getting inspected by the insurance companies.Our house that we live in is with a different insurance broker, 10 min away from the other ones, and our house NEVER gets inspected by the insurances.Roofs are the same age.

Cash out: $55,000All money out plus roughly $3,500 in pocket.... principal and interest $767/monthCash flow estimated at roughly: $200/monthMy plan would be to refi around year 4 or so before the adjustable rate kicks in. Is

I haven't bought a deal or anything I'm still saving up, I'm at 25k I'll hopefully be ready to buy in the next three years, otherwise the city I'm buying in is Barrie which is generally a great appreciation market, I've got two brothers Chris owns two rental properties and Ryan just bought his first partnering up with my brother chrises second deal, so I might partner up for my first deal I don't know yet tho depends on what my brothers want to do.when shopping properties I do remember from the book you shouldn't buy properties based off cap rates but im wondering at the beginning do you first skim this information say the property is listed at a 6% cap rates which is common in the Barrie market would I then would go walk the property and see if things are viably ok, once I believe it's resdy for a professional inspection I'll get information about deferred maintenances mainly capex based off what I need to repier I'll be walking the property with the professional and I guess he'll give me a rough cost of How much everything that is needed and when I need to get the work done due dates, also I don't know how to calculate how much I should set aside in monthly terms after I get the required information from the inspector I'll be doing this for the first time, if the pure cash flow is incheck  I believe usually NOI is usually around 60% including appreciation and mortgage income andone going deferred maintenances around 35-40%, now I'm ready to make an offer?

If you are buying a home to live in - I would suggest finding a good realtor in your market.

That was easy and it was nice to have a bit extra coming in. I

Buy-in is often more conducive than other more saturated markets and there's such a wide variety of options to choose from. 

But, it will be too late for some.Those who recognize that we are more than DNA and body parts will take themselves more seriously.Putting air into a basketball that has a hole in it will keep the ball inflated only as long as the air going in is faster than the air coming out.