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4 February 2025 | 2 replies
For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.
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17 January 2025 | 9 replies
Attend in person networking events in your area (there are many in and around Vancouver).
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5 February 2025 | 13 replies
I heard that if you move the personal mortgages to an LLC they could get called and we would want to avoid that3.
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3 February 2025 | 3 replies
They should know this is coming as it usually takes 1-2 years for the banks to auction the house.
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11 February 2025 | 7 replies
@Denis Orlov I don't do STR, but I've rented one of my personal properties for arbitrage before.
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10 February 2025 | 3 replies
Hard to say one way or another without knowing your personal finances, goals etc., but it seems like a good deal.
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2 February 2025 | 4 replies
Also, would this loan help build my personal credit, or would it only report to business credit bureaus under my LLC?
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10 February 2025 | 6 replies
Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.
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23 January 2025 | 7 replies
You can put a mortgage into a "trust: without triggering a due on sale but again contacting your bank/lender is the best route to avoid any issues.Some banks/lenders or servicing companies change guidelines and even a trust may require other paperwork but the attorney usually facilitates that to be safe.
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30 January 2025 | 13 replies
I personally interact with each and every guest.