FWIW Costco has some new products in, a solid vinyl plank and "24 hr spill resistant" laminate.

As I continue to build my passive income streams through buy and hold, I am getting more and more interested in other parts of real estate too.

If it was say a small spot from a spill  I wouldn’t even be writing this post.

A couple phone calls with the NYDepartment of Environmental Conservation may give you an extremely low-effort, hands off cash stream.

One good thing about single guys are no little kids to spill grape juice on carpets or crayon scribble on walls.

Alternatively, if you have a USD revenue stream which you do not need to convert (or even repatriate), you can continue to rely upon it.The drop in the Loonie, has encouraged us to focus more effort at home - fortunately there are deals to be found - at least down east - if you dig hard enough.

If you got a steady stream of off market leads, then as far as I'm concerned, the rest is easy!

After 3-6 months you will have a steady stream of people looking to sell contacting you.One very useful tip I would give to start would be to look at the company / person offering data in more detail.

., no snow for ski markets, oil spill, strict ordinances, regulation, etc.), you'll still have another location that is hopefully immune.That being said, you can also be more risk tolerant with vacation rentals by working with a manager that is offering fixed rental income, meaning they pay you a guaranteed, fixed amount every month.

Let's face it, the barrier to entry is pretty low...You'll learn a ton of relevant info, open up an entire new income stream (listing and buyer's agent commissions), and be able to offer a broader spectrum of services to your clients who need to sell.An assignment of a contract is a perfectly legitimate exit strategy in some cases, but I'm not comfortable with the idea of tying up someone's home with a contract you have no intention of honoring, then scrambling to find a buyer before the contract contingencies expire - it's this business model that has given the practice a bad name, and is fraught with legal and ethical issues.