Hey everyone, I'm a highly seasoned multi-family investor and developer in Canada, with a track record of successfully developing over 800+ units.

I'd love to hear about all of your challenges and successes!

Everyone's waiting for interest rates to fall but not sure if that's going to happen now.

With diligence and patience, you can build a successful portfolio in this rewarding endeavor.

Any investors who did STR/ LTR in the Philippines successful in at least getting a break even cash flow?

Rates and terms are better especially if you have less than optimal credit..

.- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k peoplePurchase Price: $660,000Appraised Value at Purchase: $730,000Interest Rate: 6.625% - 30 year fixedDown Payment: 10% / $66,000Cost to Make Rent Ready: $14,000P&I - $3803 T&I - $898Total PITI - $4701/moCapEx, Vacancy, Maintenance - $1099/moTotal Monthly Costs - $5800/moCurrent Rents - $3800 (3 units)Fair Rents ~ $5000 but will likely only charge ~ $4500 to start.

If you are buying it as an investment property, you are buying it at a much higher rate than a traditional owner-occupied loan so you must be in a primary residence now and are just planning a just-in-case scenario.At first, I thought this was a no-brainer answer as if you can do whatever you want, but those investment loans are banking on the income projected as part of the collateral for the loan so it's a good question.A seasoned lender or someone who has had to move back into one of their properties will get you the best answer.

I am in the Tampa Bay Florida area and look forward to meeting, working and learning from those who are willing to share your knowledge.Hi Allison, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio. 

Know how and who is going to manage, speak with local PM companies (if not self managed) do some due diligence on projections, nightly rates and optimally visit (if haven't already) the areas you're exploring investing in.