I was prepared for the new property tax amount as a percentage of the sale price but I wasn't prepared for the supplemental tax invoice which is separate from escrow and I still don't fully understand how it is calculated. 

Figure out a way to supplement your real estate business until you can start earning more.

(b)Or ask your plan checker for a supplemental to change the scope of work... this way you do not go back to the beginning of the process, and you keep the plan checker that is already familiar with your situation.

And I do have enough income to supplement a negative cash flow property, up to a certain degree.My next task for myself is to research where are the most cash flow positive places in Canada.TL;DRMy goal is to invest for the long term (not flip), rent it out (long term?

We are not looking for a get-rich-quick scenario but rather using RE to help supplement retirement, eventually adding to our monthly income, and creating generational wealth for our kids. 

Hello BP Community,Airbnb Host Liability Insurance is a great start for a vacation rental owner; however, what do you look for in a supplemental STR insurance?

This is especially true in strategies like BRRR (Buy, Rehab, Rent, Refinance, Repeat), where leveraging equity is key.Your initial strategy should align with your long-term plans, whether that's supplementing your retirement, funding it entirely, or bridging a financial gap.

Debt has the optionality to be refinanced, supplemented with mezzanine financing, or restructured with the lender.

Original property tax bill: 11/01/23 - $6,107.23                                               2/01/24 - $6,107.23        Supplemental bill: 12/11/23 - $5020.83                                   4/10/24 - $5020.83

Problem was after 14 months of living in my old house in Philly, he lost his job and either decided not to work or couldn't find work, even supplemental, and he was the primary breadwinner.That can happen to someone with a verified job, too.