2/24/23- Journal Entry THE MIRACLE (READ THROUGH IT ALL)                                  I Pre-Sold one of the homes for                           $2,250,000 but first let me say a few things:Hello friends who have been with me for this journey !

Again in an ideal world, that would happen, but I'd be happy with just getting pointed in the right direction, youtube videos that don't say a bunch of nothing then advertise a package, info on FB or other social media groups that have valid info on this and I can network or really any advice in order to start this journey. 

It has nothing to do with the actual cash value of the property as it pertains to how much was paid, or what it could sell for.Actually cash value=replacement cost-depreciation.The general rule of thumb for calculating depreciation is 1% per year (from the date of construction) up to 50% or 50 years.For example, let’s say a kitchen fire occurred and it would cost 15k to repair the kitchen. 

Let's say a new 200 unit building is going to be built in Toronto.

Obtaining the loan with a low down payment is another hurdle since a mixed-use property might not be considered as liquid as, say, a 3/2 house that can qualify for FHA financing, so some lenders might be hesitant in the first place to lend on it if they need to foreclose on it in the future.

say a minimum of $10,000 per deal or more?

It's also good if you have above-average tenant quality, I could say a tenant that pays $1K will be better than a tenant that pay $800 on the same zip code.It's also good to have a realistic forecast on IRR/EM after 5-10 years of ownership, so at least if the CF side is not performing, at least appreciation in the future will help you. 

example:Lets say a 12 unit complex is for sale and all of the numbers checked out as being a "great deal". 

I'd say a decrease in pop is a big problem, but if that's your "home", then buy your primary home there and work other areas as investments. 

Let's say a loan is 4 pretty equal properties of $1M.