We also had the seller buy down our rate which helped.If you're open to investing in different markets but want to stay in Boulder, you might find a good enough deal to make it worth purchasing an investment in a different market first while continuing to rent in Boulder.

I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing.

This information will help me understand this business better.

Hi All,My wife and I just purchased a larger house on our block, and plan to keep our current home as a rental.

Lenders want to get as much information as possible to feel comfortable with an extension.

Also with the new policy changes with CMHC high ratio mortgages first time home buyers will have a much tougher time buying their first home so the rental pool will increase leaving more people looking to rent.I currently hold two rentals one in which is an owner occupied rental which I purchased for 200k 7 years ago and it is worth around 275k today and this year I purchased a triplex as well for 250k and as is with no improvements this yields me an 8% return a year which I would say is quite low.

.- Request contact information for their previous landlords to verify their rental history.

Stay informed about industry news to remain aware of changes that could impact your investments.Finally, be prepared for risks.

-What other information should we be gathering?

If you could, send me over a listing and/or additional information on that space so I can take a look.