The market is going to go up in the next 5 years.

Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

I'm going to be taking some time to get to know people in my market as I kind of want to start local in Las Vegas.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I'm really looking forward to your blog and hearing about your experiences in these markets.

Be careful when you select entity types.A pass-through entity in the United States, such as an LLC, may not hold the same characteristics in Canada.What market are you looking to invest in?

Our market is somewhat shifting, but it is still showing signs of thriving, with many opportunities for growth. 

Chicago, with its vibrant neighborhoods and strong rental market, is a prime location for this strategy.

Additionally, while rates aren't historically bad right now, they are higher than 4-5 years ago, and they will be even higher for you as an investor than they were as an owner occupant, which is what you were when you bought originally.I get that you are anxious to add to your portfolio, but that could be achieved without touching your first golden goose.Sometimes on BP, the push is to leverage every last spare penny, but that can be a risky game as the markets shift. 

Local REIA groups and meetups (check Meetup.com or BiggerPockets) are excellent for connecting with both new and experienced investors.I’d be happy to grab coffee and chat about the market or share insights.