This is an incredible community to call home!

My current plan is to stabilize this rental and aim to buy one property a year. what do you guys think of this deal and strategy?

Hi This post is old but if any one of you can share if you got lenders that can finance less than 100K?

Hope this helps. :)

That is what 1% of the $40,000 down payment costs were from when we refinanced it and started this process in Jan 2022.

Which means I would be subjected to being taxed in the United States as well as when I take my money out in Canada. with further research, I stumbled across setting up an LP which the CRA would recognize and allow for the tax treaty of Canada and the United States have to actually work for me to get the tax credit.can anyone here add to this?

Every landlord in Chicago needs to watch this!

.✅ Calculate potential profit/loss using this simple formula:📊 (Monthly Rent - Total Monthly Expenses) = Net Rental Income3.

All the water issues could have caused this as well.

•To cash flow, consider:✅ Running a detailed STR revenue projection (AirDNA & Rabbu are great tools for this).✅ Factoring in seasonality—peak months can be lucrative, but slow seasons must be accounted for.✅ Looking at property management options—self-management can save costs but requires effort.4.