Whoever buys your flip will also spend lots of time in this room, so it’s important to make it pop.

It’s not a market where you can just buy blindly, but for investors willing to do their homework, it offers a strong mix of cash flow and appreciation.If you’re open to learning more, I’m happy to share some resources on how I’ve built my portfolio there.

Remember, if you sell it, you'll have capital gains that you will have to pay since you are buying the other property before you sell you're old house.

@Ofir R.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

why on gods green earth would you want to buy 10k condemed houses :)  seems like a waste of time and money to me.

I do know one of the people who works for me has a 2 year work permit (temporary) and she and her husband were able to buy a place in Alberta.BC and ON are very tenant friendly.

@Travis TimmonsI had the same reaction as you did, but I held off on posting since I don't yet invest in STRs (I'm all LTR so far, and looking into my first MTR).Buying an STR "to offset income" makes me nervous as well...

That way whenever you do find a deal you'll already have a list of buyers that are ready to buy and get a deal done. 

Quote from @Cameron Marmon: Hello everyone,In July 2024, I created a partnership LLC with my girlfriend to buy a rental property.

when i buy dirt and do the horizontal these deals can take 2 to 3 years 2 years to get through approvals and horizontal  12 to 18 months to build and sell.. thats a 20 to 25 lot project.