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19 September 2024 | 0 replies
Would like to find someone that has a positive history rather than going to a rando.
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20 September 2024 | 114 replies
But I'm in the position that I'm in because I wanted to take a leap and figure it out as I go.
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20 September 2024 | 23 replies
I have pretty much zero interest in the market I am currently in - its WILD haha Canadian housing has no potential to provide positive cash flow.
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20 September 2024 | 21 replies
Without positive reviews, you often have to reduce rent to obtain tenants.
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19 September 2024 | 4 replies
Unless you're buying under market value or with all/mostly cash, it can be tough to be cash flow positive on a rental property here, and extremely unlikely to find any that meet the 1% rule as a LTR.
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20 September 2024 | 9 replies
I am currently in a position where I can commit the time, money and energy which is why I was looking into it
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19 September 2024 | 13 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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20 September 2024 | 3 replies
@Randy Giovanniello Hi Randy,Stay positive!
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19 September 2024 | 2 replies
Hello Everyone, I’m Amire and I’m here to learn and indulge myself in the real estate realm to better my position in life along with creating a mindset to share with friends and family along my journey to financial freedom.