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20 January 2025 | 23 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
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22 January 2025 | 5 replies
.- Cities like Toronto will levy another tax (Vacant Home tax) equivalent to 1% of the current assessed value of the property if the property is not occupied (rented, owner-occupied, family occupied, all count as occupied)- Land Transfer Tax: while the Province of Ontario charges anywhere between 0.5 - 2% of Land Transfer Tax when your transaction closes, you should expect to pay this amount twice if the property is in the City of Toronto .
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29 January 2025 | 21 replies
Again, this is with commercial/investment property; owner occupied or consumer loans may have legal issues rendering this technique non applicable.
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19 January 2025 | 2 replies
Sounds like with are under charging our owners by thousands of dollars or they are trying to rip you off.
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24 January 2025 | 5 replies
Hiring someone to do the work will likely cost too much (I would charge a small fortune, it's an incredible amount of work) and doing things as cheaply as possible will bite you in the *** later when you start having issues with your own shoddy work and/or materials.
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23 January 2025 | 7 replies
By house hacking, you're immediately positioned as a landlord, which will adequately pressure you to learn how to structure your leases, screen applications, collect rental payments, resolve the nuances of managing tenants and addressing property issues, etc.
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16 January 2025 | 10 replies
Full disclosure, I only deal in LTR at the moment, but I know when I am not getting the quality applicants or volume that I want, I will lower the price by $50 to $100 per week to spur more applications.
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31 January 2025 | 12 replies
My top priority is having maximum flexibility with what I can invest in within my HSA, second priority is ease of use and convenience of the investing platform, third is minimizing any account, trading, or management fees charged by the HSA provider.
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12 January 2025 | 1 reply
I like that it’s an all-in-one platform for tenant applications, rent collection, and maintenance requests, which helps keep everything organized.
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19 January 2025 | 18 replies
You can't charge extra pet rent or even a pet deposit because it's legally not considered a pet.