Marcus Melgoza
Cost of repairs comparisons
18 March 2020 | 7 replies
@Marcus Melgoza - strongly recommend you check out the crawl space after it rains before you do anything.
Adrienne Wilkins
Manufactured Home Investors in DMV Area?
15 July 2020 | 3 replies
I’m interested in learning more about the general approach of some DMV investors in the space:- How much do you normally purchase a home for?
Greg Gibson
Living in an Expensive City on a Smaller Salary (my story)
19 March 2020 | 5 replies
My wife stays at home with our children, and I am a pastor who at that time raised my own salary.And we were looking at 3-bedroom homes to rent for $4,000+ a month.I needed a solution, because we didn't make that much money.THE PRINCIPLE OF LEVERAGE:As we were faced with the problem of rent and space for our growing family, I began to think through the principle of leverage.
Preeti Madan
Investment with 150k CAD in Toronto MSA Area
17 March 2020 | 3 replies
I remember when I got mine a few years back and very soon after was very fortunate to be able to secure my first home :)I, personally, would pick between options 1 and 3.Option 1:Pros: You'll have a bigger space that you can eventually redeem for yourself if you ever need it, and allows you to ease into investing by house hacking.It might be easier to get financing for another place in the future if you already have a lease in place for the current location and can show that rental income already coming inCons: Only the portion that you live in could be looked at by CRA as a primary residence and if you do sell at some point, you'd be liable for the capital gains tax on the part that was being rented out (https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-127-capital-gains/principal-residence-other-real-estate/changes-use/changing-part-your-principal-residence-a-rental-business-property.html)Option 3:Pros:Allows you to have your own space, and understand the nuances of condo living prior to getting a second condominium propertyAllows you to experience some condo living as well as be able to save up waiting for the pre-construction property to closeCons:HST on the pre-construction property (Unless you decide to move into it when it's done)
Thomas Houpt
Thoughts on Starting a LLC
22 April 2020 | 8 replies
I would ideally like my first property to be a house hack (looking for a 2-4 unit building to stay in the residential space and not get into commercial just yet).
James York
Tenant yard work and equipment storage
16 March 2020 | 8 replies
With 4 people wanting access to a shed, there will be fights or arguments over who left the door open, who has more space, etc.
Cole Bigbee
Industrial/Metal Buildings-Who likes this market?
16 April 2020 | 13 replies
Just thought I would see who all of the BP members out there invest in this space?
Courtney Buck
Coronavirus and Multifamily Investing
31 March 2020 | 13 replies
Coronavirus and Market InstabilityMany of you are aware that I work at the Centers for Disease Control (CDC), and I invest in the large (100+ unit) multifamily space.
Jennie W.
Fees to broker for leasing office space
7 April 2020 | 9 replies
We are considering purchasing an office space.