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9 January 2025 | 14 replies
Quote from @MIchael McCUe: Money isn't easy to save and $10,000( my debts) is a ton of money I want to save for a downpayment, I'm just starting so I don't have any money I would like to save $60,000 to buy a rental property, I think I could do it in 5-6 years, my brother filed bankruptcy and they relieved him of $6000 in debt from cash money.a list of my debtGst Hst Tax 4500 income tax from working with my dad I oweScotiabank credit card 1400Canadian Tire credit card 500cash money loan 2400Belair 600echelon 600should I pay the 10k back in the next while or should I file bankruptcy like my brother as It won't be for years until I am able to get a downpayment for a rental house anyway.You appear to be in Toronto, so the laws may be a bit different.
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7 January 2025 | 19 replies
Quote from @Nathan Gesner: Unkempt lawns, trashy or broken down vehicles, mattresses and trash on empty lots, boarded up houses, bars on windows, dealers and hookers on the corners, the lack of stores or gas stations, occupied properties are dilapidated, etc.Or when Google maps shows stuff like this: If those are drug zombies, as they appear to be, that's an "F" class neighborhood where nobody pays rent and structure burnouts are common.
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11 January 2025 | 14 replies
I’m in Calgary as well :) thank you @Santhosh, it appears that may be the case.
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31 December 2024 | 22 replies
Now it appears they can set up a Fincen Identification record which puts the pressure on the partner vs the partnership but penalties could still accrue.
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19 January 2025 | 51 replies
A few others have called out Hemlane, who appear also quite responsive here on BP and also offer a degree of repair/work order management baked right into their middle/upper tier offerings (versus having to bolt-on as with RentRedi + Latchel).
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30 January 2025 | 62 replies
The way he addresses it will be the funding will magically appear; it won't.
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31 December 2024 | 22 replies
I am also considering multiple rentals and it appears that I have found a pretty good property manager based on feedback I have.
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30 January 2025 | 19 replies
One of them still here, appears to have drastically raised their flat fee prices across the USA.Hmm, seeing a pattern?
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6 January 2025 | 28 replies
It appears he had done poor underwriting.
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9 January 2025 | 116 replies
It appears to me a few numbers are questionable.