Whereas owner occupant buyers are looking at comps, sold prices for similar nearby properties, and don't care about cash flow. 

Give it a read, and you'll have a fair understanding of the process. 

Hello to everyone reading this, my name Is Daniel Cacho, I am a 19 year old aspiring real estate investor.

The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

You have to be careful with these posts, that's when the Real Estate Agents come out and say that their market is best.The reality is you can make it work almost anywhere.

Just cause they make a lot of money doesn't mean they can afford to make mistakes.It's usually these types that are the least careful about their money. 

I would tread very very carefully here

There's a reason that people try to buy properties off-market and that is because you can find sellers who care more about terms than maximizing returns.So start with a conversation: you already presumably have some rapport since it's your landlord and you've spoken before.

Then, in April last year, my husband and I started a business, and I temporarily put both of those on hold while taking care of my dad.