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27 January 2025 | 12 replies
@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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8 February 2025 | 14 replies
Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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30 January 2025 | 4 replies
It has taken four months.Unfortunately, when probate is involved, the process can absolutely drag out.
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29 January 2025 | 1 reply
Every youtube video I find when searching this problem involves someone replacing or moving an electric box that either hasn't been wired yet or is re-wired.
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21 January 2025 | 8 replies
Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.
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21 January 2025 | 4 replies
If so, you will need to apply for a change of number of bedrooms on the standard CHA rent increase form.
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11 February 2025 | 13 replies
If rent is due on the 1st and late by the 5th, apply the late fee on the 6th and serve a 3-day notice immediately.
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27 January 2025 | 18 replies
Originally posted by @Joseph Binkowski:Hey BP Community -I was sitting-in on an investor presentation for a syndication of an attractive 320-unit Class B MF development in a fast-growing market, and then I realized... it was a 506c project for accredited investors only [which I am not.. yet:)]So then I began thinking...How can I possibly get involved?
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9 February 2025 | 6 replies
If you decide to take the partnership from a trial, to an ongoing long-term partnership, then get the attorneys involved and create an ironclad, partnership.
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22 January 2025 | 3 replies
With new regulations in Canada like the flipping tax and property gains tax, I want to be mindful of the risks involved.