So what works now probably won't be the best thing for your strategy ten years from now.

For example:A quadruplex at $500,000 with 0% down and an interest rate of 5.75% with property taxes of 0.6%, $4,000/year in home insurance and $5,000/year in repairs will have a total out of pocket of $3,980.60/month.

Haven’t bought anything in the last couple of years, but I have a 1031 exchange coming up in the next month that’s gonna force me into this crazy market 🤪 Congratulations on finishing up your rebuild, and always happy to connect 😊

None of these people would need the money back in less than 5 years. 

Unless you can come to terms with this individual; eviction might be the only route, and that might be a tricky process with someone who "knows their rights" my buddy recently had an issue with this, and it took him over a year to remove the tenant.

I'm relatively new to investing and need some help with my unconventional situation.First off, I'll give some background about myself.I Live in British Columbia and have been a homeowner for about 8 years. my house was appraised at the beginning of last year for $550,000 and still owe $120,000.

I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Such service would on your behalf appeal the property tax assessment (each year, if you wish), and if a reduction occurs, they take a percentage fee from the appeal to bill you.

A fixer-upper, I fixed everything in this house as best as my finances allowed at the time and rented it for 20 years.

Problem here the tenant didn’t declare cats as pets.She ruined the unit in one full year and it took more than $11,000 to replace full floors in two level townhouse plus other water leaks damage.tenant left without telling.Now I am asking property management must visit quarterly to catch damages early on.Ozone machines did not help much.thanks