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22 January 2025 | 5 replies
One of the key challenges I’m facing is understanding the financing options available to someone without Canadian residency or a local credit history.From my research, it seems that a 35% down payment is often required, with interest rates around 7.5-8.5% for non-residents.
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25 January 2025 | 0 replies
We've enjoyed digitizing all payments, streamlining service, as well as infilling new homes.
7 February 2025 | 5 replies
The metrics are different due to the financing benefits from being <5 units and corresponding down payment requirements.
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2 February 2025 | 17 replies
The main thing that pops out at me every month is that less than half of my payment goes to paying the principle down, over half goes to the interest, taxes, and insurance, ect.
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29 January 2025 | 5 replies
You can allocate those proceeds any way you want - as equal down payments or buy one for cash and others with loans - It doesn't matter a bit as long as you use all of the cash and purchase at least as much as you sell.
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29 January 2025 | 4 replies
I offered them 10% down, interest rates favorable to me, amortized for 30 years, but with a balloon payment after 3-5 years.
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3 February 2025 | 15 replies
If you want to buy your first property ASAP, house hacking (duplex, triplex, or renting extra rooms) is one of the best ways to start with a low down payment while learning property management.
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30 January 2025 | 0 replies
.- Managing Multiple Projects Simultaneously: Handling numerous properties at different renovation stages requires effective project tracking, milestone-based contractor payments, and solid contingency plans to navigate potential delays.- Technology & Automation: Utilizing project management software, such as Buildertrend or Monday.com, enables real-time tracking of budgets, schedules, and contractor communications.
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29 January 2025 | 23 replies
Come up with terms (Down Payment, Interest Rate, and Amortization Schedule) such as a 5% Down Payment, a 6% Interest Rate, and 30 Year Amortization Schedule.
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30 January 2025 | 2 replies
We also have many unique buyer incentives where an investor can get up to a 10% price reduction to come into immediate equity, or get that 10% as a cash back at closing to reduce your down payment and increase your ROI, or buy rates down into the low 4s on 30yr loans to maximize cash flow.