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29 January 2025 | 8 replies
List price: 445,000.DP: 89,000Closing: 8900Total Invest: 97,900Projected mortgage: 2500Rent: 1700 per unit, 3400 totalTaxes: 42Insur: 263CapEx: 100Repairs: 100Vacancy: 100Total expense: 3105Cash flow: 295, 3.1% - 6.0% CoC return.
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13 February 2025 | 25 replies
I currently invest only in rural communities and small towns and its allowed me to scale to 24 units in three years.
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31 January 2025 | 10 replies
Be careful when you select entity types.A pass-through entity in the United States, such as an LLC, may not hold the same characteristics in Canada.What market are you looking to invest in?
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5 February 2025 | 5 replies
I house hacked this 4-unit property start year of 2022, moved out in a triplex in 2023.
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8 February 2025 | 8 replies
VA loan on a 2-4 unit is a great idea.
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9 February 2025 | 12 replies
I am finally at my two year mark not being W2 so if I can skip past DSCR loans and the such that would be much preferred as I dont want to pay the fees if I don't have to as I am trying to get some money I put into each unit to renovate back out of it.
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25 January 2025 | 5 replies
A multi-unit property was purchased for $140k.
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30 January 2025 | 34 replies
Our NTE for a single unit is $500 so if there was a $475 plumbing bill we knew was necessary for the property we would be paying it and you would see it in your monthly statement.
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2 February 2025 | 10 replies
There is quite a few forums that already discuss this topic, but buying 1-4 units in an LLC with a DSCR loan also comes with higher rates at the cost of using an LLC
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30 January 2025 | 2 replies
Conventional financing is a great option to get started if you have a W2 job or easily verifiable income and you're financing a 1-4 unit property.